On June 19, Kinto, a Layer 2 network, announced the launch of its mining plan, which will distribute up to 33% of the token supply over a period of 10 years. The rewards will gradually decrease over time, calculated off-chain, and distributed on-chain weekly, starting from July 8. The mining plan will reward asset deployers and developers, with longer and more capital deployment resulting in more Kinto tokens. In addition, early participants holding ENGEN tokens can receive a 15-20% bonus.
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Kinto Mining Plan is online, with a maximum allocation of 33% of token supply
On June 19, Kinto, a Layer 2 network, announced the launch of its mining plan, which will distribute up to 33% of the token supply over a period of 10 years. The rewards will gradually decrease over time, calculated off-chain, and distributed on-chain weekly, starting from July 8. The mining plan will reward asset deployers and developers, with longer and more capital deployment resulting in more Kinto tokens. In addition, early participants holding ENGEN tokens can receive a 15-20% bonus.