PANews reported on December 19 that the Ethereum liquidity re-staking platform Kelp DAO announced the economic details of the KERNEL token, of which 55% will be allocated to community rewards and airdrops (20% for airdrops, 35% for future community rewards), 5% to the ecosystem and partners, 20% for private sales, and 20% to the team and consultants (the team and private sales tokens have a 6-month lock-up period and will be unlocked within 24 months).
In addition, 20% of KERNEL tokens will be distributed via three rounds of airdrops:
• First round of airdrop : 10% of the total supply will be allocated, with the snapshot date being December 31, 2024;
• Second round of airdrops : 5% of the total supply will be distributed from January 1 to April 30, 2025; additional 15% loyalty rewards will be available for staking before January 15, 2025;
• Subsequent airdrop : allocate the remaining 5%, plan to be determined.
KERNEL tokens will be used for governance, re-staking to provide economic security, liquidity mining, and ecosystem revenue buybacks. The Token Generation Event (TGE) is expected to be completed in early Q1 2025.
