Kinetiq ended the kPoints program and opened KNTQ subscriptions, and KNTQ fell 23%
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AT A GLANCE
Kinetiq ended the kPoints program and opened KNTQ paid subscriptions; after the news was announced, the token price fell by approximately 23%。
Article
Kinetiq ended the kPoints program,KNTQ fell after the subscription mechanism went live 23%BlockBeats news,October 2, a liquid staking protocol based on the Hyperliquid ecosystem,Kinetiq has ended its kPoints program and opened KNTQ token subscriptions. Points holders may, within 10 days, purchase 0.26 USD per token, accounting for KNTQ.
The subscription allocation for this round is 50000000 KNTQ tokens; if fully sold, it is expected to raise approximately 13000000 USD. After the news was announced, the KNTQ price fell by approximately 23%。
Kinetiq Previously, it accumulated users through the kPoints mechanism; it is now providing points users with access to tokens through paid subscriptions.
Original link https://m.theblockbeats.info/flash/370028
Key points
01
Kinetiq has ended its kPoints program and opened KNTQ token subscriptions.
02
Points holders may, within 10 days, purchase at 0.26 USD per token from their allocated KNTQ。
03
The subscription allocation for this round is 50000000 tokens KNTQ; if fully sold, it is expected to raise approximately 13000000 USD。
04
After the news was announced, the KNTQ price fell by approximately 23%。
05
Kinetiq was described as a liquid staking protocol based on the Hyperliquid ecosystem.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Previously,Kinetiq used the kPoints mechanism to accumulate users. The points program has now ended, and points holders have been given a channel to purchase KNTQ at a fixed price through paid subscriptions. This is not a direct free token claim; capital must be provided to subscribe.
Why it matters to readers
This adjustment changed how points users obtain KNTQ and involved a subscription allocation of up to 50000000 tokens. The report also stated that after the news was announced, the KNTQ price fell by approximately 23%, and the event and the token's price performance therefore attracted attention.
Beginners should distinguish between “points allocation” and a “free airdrop”: the original text describes a paid purchase at 0.26 USD per token. The price has already experienced significant volatility, and participating in the subscription does not guarantee a profit.
Risks and unknowns
The materials provide only one BlockBeats report; no independent verification of Kinetiq the official announcement content was found.
The original text does not state whether the subscription allocation will be sold in full.
The original text does not state the arrangements for the locking, unlocking, circulation, or transfer of the subscription proceeds in KNTQ.
The original text does not state the statistical start point, end point, or specific market for the price decline.
Based solely on the price decline after the announcement, it cannot be confirmed that this subscription mechanism was the direct cause of the decline.
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liquid staking
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