Kinetiq, a liquid staking platform based on Hyperliquid, launches governance token KNTQ

Jinse Finance reported that on Wednesday, the Kinetiq Foundation officially launched the protocol's official governance token, KNTQ. As the largest liquid staking platform in the Hyperliquid public chain Layer 1 (HyperEVM) ecosystem, Kinetiq currently has a TVL exceeding $1.6 billion. The total supply of the token is capped at 1 billion. Eligible airdrop recipients must agree to the "Kinetiq Foundation Terms of Use" before 20:00 UTC on November 21 in order to receive the tokens. According to the token distribution plan, 30% of KNTQ will be used for protocol development and rewards; 25% will be allocated for the initial airdrop, of which 1% will go to Hypurr holders and 24% to kPoints holders—a points system launched in mid-July, where users accumulate points based on the amount and duration of HYPE staked, in preparation for the airdrop; 23.5% will be allocated to core contributors, 10% will be held by the Kinetiq Foundation, 7.5% will be allocated to investors, and the remaining 4% will be used for liquidity support.