PANews reported on December 19 that the Ethereum liquidity restaking platform Kelp DAO announced the details of the KERNEL token economics, of which 55% will be allocated for community rewards and airdrops (20% for airdrops, 35% for future community rewards), 5% for ecosystem and partners, 20% for private sale, and 20% for the team and advisors (with a 6-month lock-up period for team and private sale tokens, unlocking over 24 months).
Additionally, 20% of the KERNEL tokens will be distributed through three rounds of airdrops:
• First round airdrop: 10% of total supply will be distributed, snapshot date is December 31, 2024;
• Second round airdrop: 5% of total supply will be distributed, from January 1 to April 30, 2025; additional 15% loyalty reward for restaking before January 15, 2025;
• Subsequent airdrop: remaining 5% allocation, schedule to be determined.
KERNEL tokens will be used in governance, restaking to provide economic security, liquidity mining, and ecosystem profit buybacks, among other scenarios. The token generation event (TGE) is expected to be completed in early Q1 2025.