Solana's largest DeFi protocol Kamino Finance has announced the launch of its native token, KMNO, on April 30th..
The token has a total supply 10 billion with the initial circulating supply set at 1 billion. 7.5% of the initial supply (750 million) will be contributed to the platform's users.
According to the announced tokenomics, 10% of the supply is allocated to growing liquidity for the KMNO token across other platforms. Finally, an allocation of 55% is reserved for core cotributors, stakeholders and advisors which will stay locked for 12 months and then released linearly over a 24 month period.
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