With Kinetix rapidly approaching its Q1 2024 KAI token launch, more tokenomic components are getting squared away and finalized every day. As always at Kinetix, upholding decentralization and putting the Kinetix, Kava, and Cosmos communities first at every opportunity remain top priorities. As such, these twin prerogatives have been integrated into the KAI Airdrop, which distributes tokens in order to best decentralize token ownership and reward active community members and contributors in relevant ecosystems based on merit.
Kinetix could not be more pleased with the energy and attention the Kinetix ecosystem has received since launching a pair of high-performance DeFi platforms in 2023. Now, it’s time to give back not only to the Kinetix and Kava communities, but to their peers across the Web3 landscape.
And the best part: it’s still early! No snapshot has yet been taken, which means users can still increase their airdrop allocations by performing on-chain activities.
The KAI Airdrop will comprise 3% of the total KAI supply, and will be conducted in three segments. Each segment has been formulated based on merit, and will be conducted using on-chain metrics.
Part I: Ecosystem Peers Distribution (25%)
To ensure a fair distribution of the KAI tokens, 25% of on-chain KAI Airdrop will be airdropped to chain-specific stakers on chains to which Kinetix is allied. Kinetix elected to employ a flat distribution in order to avoid favoritism and give stakers from all relevant communities an equal opportunity to receive their fair share of KAI. The breakdown is as follows:
- Cosmos: 5%
- Osmosis: 5%
- Injective: 5%
- Celestia: 5%
- Polygon: 5%
Part II: Kinetix DeFi Distribution (75%)
The remaining 75% of the on-chain KAI Airdrop will be distributed to users of the Kinetix DeFi hub via a merit-based model. While the specific distribution formula will not be publicly disclosed, users can be confident that number of key variables will play major roles, including but not limited to:
- Trading Volume
- Trading Frequency
- Amount of KLP Staked or Amount of pKAI Received
The above model ensures that active and engaged users who have been and continue to contribute to the Kinetix DeFi hub are rewarded accordingly.
Part III: Post-Airdrop Airdrop
You read that right — a Post-Airdrop Airdrop! It’s not a gimmick — it’s an opportunity to give back!
In the Post-Airdrop Airdrop, all unclaimed KAI from Parts I and II of the KAI Airdrop will be re-distributed to users that have elected to hold onto the KAI they received from Parts I and II of the KAI Airdrop. This strategic approach not only rewards committed community members, but also serves as a mechanism to create a base of long-term holders of KAI.
Whether users choose to keep their liquidity on the platform through staking, or to simply hold KAI in their Web3 wallets, they are placing a vote in Kinetix’s future. It is with joy and gratitude that Kinetix rewards users that demonstrate a long-term vision and focus on Kinetix’s bright future.
All together, the KAI Airdrop marks a significant milestone for Kinetix and the broader Kava and Cosmos communities. By leveraging innovative tokenomics and rewarding active community members, Kinetix is paving the way for a more equitable financial paradigm. The KAI Airdrop ensures a fair distribution of tokens among various vibrant communities, ensures that users are rewarded based on merit, and incentivizes continued participation through ongoing opportunities.
As the KAI token launch approaches, Kinetix continues to work diligently on developing cutting-edge DeFi protocols and enhancing the user experience. With a strong focus on decentralization, community governance, and innovative features, Kinetix is poised for an exciting journey ahead. The future of Kinetix and the broader Cosmos ecosystem looks promising, and the KAI Airdrop is just the beginning of an action-packed 2024 ahead.
Hungry for more on Kinetix? The Kinetix community would love to hear your feedback and offer support while you’re using Kinetix. Join the discussion via the social links below or visit the Kinetix website to find out more. If you are interested in partnering with Kinetix, email: socials@kinetix.finance
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