Kinetiq KNTQKinetiq terminates the kPoints reward system and switches to paid claims, KNTQ drops 23%
Odaily Planet Daily reports that Kinetiq has announced the termination of the kPoints reward system, switching to a paid claim model. Users holding points have 10 days to participate in the token distribution of a total of 50 million tokens at a price of $0.26 per KNTQ. If the full quota is allocated, this distribution is expected to bring approximately $13 million in revenue to the project team. After the announcement, the price of KNTQ dropped by 23%.