TechFlow reports that Kinetix Finance, a perpetual DEX protocol within the Kava ecosystem, has announced the launch of its protocol token KFI in February.
3% of the total KFI supply will be allocated for airdrop distribution, conducted in three phases.
The first phase will target select stakers on Kinetix's allied chains (accounting for 25% of the total airdrop). This includes Cosmos, Celestia, Osmosis, Injective, and Polygon, each receiving 5% of the total airdrop amount.
The second phase will distribute tokens to Kinetix DeFi users (accounting for 75% of the total airdrop).
The third phase will be a retroactive airdrop: any unclaimed KFI from the first and second airdrops will be reallocated to users who choose to retain the KFI they received during those initial phases.
