Airdrop Details

Information Details
Rewarded Activity Mining, Referrals, Trading, Lending, Staking
Total Airdrop Amount 1% of token supply (Sakura Season)
Number of Eligible Users Not specified
Number of Claimants Not specified
Average Allocation Not specified

Timeline

Event Date
Engen Phase 1 Start 2023-11-27 (KYC Arrival)
Engen Phase 2 Start 2024-01-15 (Wallet Set-Up)
Engen Phase 3 Start 2024-02-07 (DeFi Rescue)
Engen Phase 4 Start 2024-03 (Capital Commitments)
Engen Program End 2024-05-17 09:00 PST
Engen Claims Start 2024-05-22
Engen Claims End 2024-06-15
Mining Program 2024-06 (Started)
Mining Duration 10 years
Momiji Season Start 2024-10-14
Momiji Season End 2024-12-20
Sakura Season Start 2025-03-22
Sakura Season End 2025-06-07
Token Listing 2025-03-31

Token Distribution

Tier/Category Amount Source
Community 55% of initial supply Initial Distribution
Maximum Community 70% of max supply Long-term Distribution
Mining Program 33% of max supply 10-year Mining Program
Engen Users 5% of initial supply Launch Program
Founding Members 15% mining boost Permanent Bonus

Eligibility Criteria

Primary Requirements

  • Mining Program Participants
    • Base mining rewards (1.5x during Sakura)
    • $K staking (50% extra mining bonus)
    • Trading volume requirements
    • Lending requirements
  • Referral Program
    • New user referrals
    • Requirements for referred users:
      • Deposit $500 for 1+ month
      • Trade $5,000 in perpetuals
      • Stake 10+ $K tokens

Additional Airdrop Opportunities

Trading Rewards

  • Trade $5,000 in perpetuals
  • Swap $5,000 worth of assets
  • Lend $5,000 worth of collateral
  • Rewards stack with referral bonuses

Staking Rewards

  • Stake $K in Kinto Vault
  • 50% more mining rewards during Sakura
  • Permanent 15% boost for Engen members

Special Conditions

  • Engen founding members receive:
    • Soulbound ENGEN tokens
    • Gas fee refunds
    • Free gas for future transactions
    • 15% permanent mining boost
    • Proto-governance voting rights

Previous Seasons

Momiji Season (Fall 2024)

  • 1% of token supply distributed via Mining Rewards
  • 1 K token per successful referral
    • Referred users must:
      • Create account during season
      • Deposit minimum $100 within two weeks
  • Top 25 users receive Daimyo Badge and 10% mining boost
  • Season ran from October 14th to December 20th, 2024

Price Tracking

Source References

Additional Information

  • Built as an L2 rollup on Ethereum
  • Features user-owned KYC/AML system
  • Native account abstraction for enhanced UX
  • Sybil-resistant by design
  • Focus on bridging TradFi and DeFi
  • Smart contract wallet integration
  • Perpetual trading with reduced fees (5bps base)
  • Volume-based fee discounts
  • Over 70,000 KYC’d users
  • $80M+ TVL achieved
  • $700M+ perpetual trading volume
  • 10-year mining program for sustainable growth
  • Governance implementation through ENIP proposals