Already leading the way as Kava’s premier DeFi hub, Kinetix Finance has made headlines across the Web3 space with the recent announcement of its forthcoming KFI token airdrop. As it gears up to launch its token, the DeFi hub is making good on its promise to put its community first – and, to that end, many other burgeoning communities across the Web3 space. The project announced in an official blog post that it will be delivering significant allocations not only to past and existing users of its Perpetual Exchange and V3 DEX, but also to stakers from other leading Web3 ecosystems.
To punctuate the announcement, Kinetix shared its jaw-dropping plans for a Post-Airdrop Airdrop, which will complement its initial allocations of KFI. In addition to earning smiles and inspiring laughter in Web3 long-timers, Kinetix’s clever airdrop scheme makes for an innovative and principled model sure to engage users new and old from around Web3’s ever-enticing DeFi scene.
Bringing Together Web3 Communities for an Epic Airdrop
As a rising player in the Cosmos community, Kinetix has already taken major strides to bring together disparate projects and protocols in the IBC network. With its grassroots podcast “Into the Cosmos” now entering its 8th episode, Kinetix is the KFI Airdrop to push forward its mission to create a unified Cosmos family. Of the total airdrop sum, Kinetix has allocated 5% to stakers from four Cosmos-native ecosystems: Cosmos, Injective, Osmosis, and Celestia. Contributing KFI to members of Cosmos’ leading DeFi platforms and carving out a portion for ATOM stakers, Kinetix is bringing together a lot of powerful platforms and users to make a rewarding airdrop.
To complement its generous contributions to the Cosmos ecosystem, Kinetix also has allocated 5% of its KFI airdrop to stakers on Polygon. Many in the Web3 space have surmised that the decision likely had a great deal to do with Kinetix’s recently formed partnership with QuickSwap, Polygon’s leading DeFi suite. Whatever the case, Kinetix appears to be fully dedicated to rewarding not only its own community of users, but those of other high-powered DeFi giants across the industry. As per the aphorism, “what goes around comes around,” DeFi enthusiasts can only speculate as to the business development genius that may be behind such generous airdrop allocations.
The Post-Airdrop Airdrop: A First for Many
In spite of earning a great deal of positive feedback from many soon-to-be recipients of the forthcoming KFI Airdrop, the lion’s share of the attention Kinetix has received in the public eye has honed in on its Post-Airdrop Airdrop. As is always the case in airdrops, many tokens go unclaimed. Some users don’t know they are eligible, others lose private keys or wallet access, and others simply never get around to claiming their tokens. In order to maximize capital efficiency in any ecosystem, projects generally take unclaimed tokens and use them to fund other initiatives.
Kinetix has taken on a different approach that rewards users directly. Following the conclusion of the claim period for the KFI Airdrop, unclaimed KFI will be collected and subsequently airdropped a second time to eligible recipients based on the same weighted average as the initial allocations. In other words, those that fail to claim their airdrops will simply be donating their tokens to those who successfully do claim their tokens. In a selfless and principled move, Kinetix is proving itself to be a dedicated decentralized force setting up for a broad token distribution to ensure that active community members end up receiving the rewards they deserve.
With rumors swirling that the Kinetix DAO launch will be soon to launch following the DeFi hub’s token launch and KFI Airdrop, there is a lot to be excited about for KFI token holders on the horizon – no matter which ecosystem they come from.
