Kinetiq has ended its kPoints program and moved holders into a paid claim process for KNTQ. According to the details provided, points holders have a 10-day window to buy tokens from a 50 million KNTQ allocation at $0.26 each. If the full allocation is taken up, the sale could bring in roughly $13 million in gross proceeds. The headline also states that KNTQ fell 23%. The available source material is limited, and no additional terms or distribution details were disclosed in the input.
Kinetiq has ended its kPoints program and shifted to a paid claim structure for KNTQ.
Under the terms disclosed in the source material, points holders have 10 days to buy from a 50 million-token allocation at $0.26 per KNTQ. If fully subscribed, that would amount to about $13 million in gross proceeds.
The headline also says KNTQ dropped 23%.
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