Kamino, the latest Solana-based DeFi protocol, has announced its upcoming airdrop date. Scheduled for April, the first airdrop will allocate seven percent of KMNO's total supply.
Set to take place after a snapshot of eligible users on March 31, Kamino's KMNO token distribution aims to reward participation based on accumulated points. Thomas, a Kamino contributor, emphasized the protocol's measures to prevent abuse, ensuring fairness during the airdrop process.
Functioning as a platform for borrowing, lending, and yield farming across Solana's token ecosystem, Kamino initiated a points program last year in preparation for this event, drawing inspiration from successful models like Jito and Jupiter.
During a recent Solana developer call, it was revealed that KMNO would serve as a governance token from its launch day. Token holders will wield influence over Kamino's strategic decisions, including incentive programs, revenue distribution, protocol operations, and risk management.
Upon its debut in April, KMNO will boast a total supply of 10 billion tokens, with 10 percent circulating initially. Additionally, seven percent of the total supply is allocated for the "initial community distribution."
Kamino's roadmap includes multiple airdrop "seasons," with the second season set to kick off in April, prioritizing user loyalty and sustained engagement with Kamino's suite of products. Further details regarding subsequent airdrops will be communicated in due course.
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