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% allocated to ecosystems and partners, 20% for private sales, and 20% allocated to the team and advisors (the team and private sale tokens have a 6-month lock-up period and will unlock over 24 months).
In addition, 20% of KERNEL tokens will be distributed through three rounds of airdrops:
• First round of airdrops: 10% of the total supply will be allocated, with a snapshot date of December 31, 2024;
• Second round of airdrops: 5% of the total supply will be allocated, from January 1 to April 30, 2025; an additional 15% loyalty reward for re-staking before January 15, 2025;
• Subsequent airdrops: the remaining 5% will be allocated, schedule to be determined.
KERNEL tokens will be used for governance, providing economic security for re-staking, liquidity mining, and ecosystem profit buybacks, among other scenarios. The token generation event (TGE) is expected to be completed in early Q1 2025.
