Kinto launches mining plan, intending to allocate 33% of the token supply

ChainCatcher news, Layer 2 network Kinto announced the official launch of its mining plan on X, which will allocate up to 33% of the token supply over a period of 10 years. 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; the longer and more capital is deployed, the more Kinto tokens will be earned.

Additionally, Engen founding participants holding ENGEN tokens can receive a reward of 15-20%; using specific protocols can earn extra rewards, such as a 5% bonus for wUSDM from the Mountain Protocol.