Bittime - Good news comes fromKamino, a decentralized financial service ( DeFi ) based on the Solana blockchain.
They will distribute KMNO token airdrops to their users next April. The amount of tokens users receive will be based on the points they collect.
Kamino is one of the newest DeFi on Solana that is giving away tokens. As much as 7% of their total KMNO token supply was allocated for this first airdrop.
To determine who is entitled to receive the airdrop , Kamino will take user data (snapshot) on March 31, 2024.
The more points you have at that time, the greater your chances of getting more free KMNO tokens.
According to Thomas, a Kamino contributor, collecting these points is to prevent cheating. Those who try to cheat by creating multiple wallets (Sybil Attack) will not be able to take advantage of this airdrop.
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What is Kamino Finance?
Initially, Kamino Finance was created to provide the easiest way for users to provide liquidity and earn profits (yield) on the Solana blockchain .
Kamino's one-click automated concentrated liquidity strategy quickly became Solana's most popular LP product, and it laid the foundation for Kamino as it is today.
In short, Kamino is currently the first DeFi protocol to combine Lending, Liquidity and Leverage into one secure and integrated DeFi product suite. Through Kamino, users can:
Borrow and lend their crypto assets
It is similar to traditional banking services, but with more transparent and decentralized blockchain technology.
Provides leveraged liquidity to DEX (Decentralized Exchange) concentrated liquidity
This is a more efficient way to become a liquidity provider and potentially earn greater profits.
Also Read: Examining the Potential of Pepe (PEPE): A Meme Coin on the Rise
Build their own automated liquidity strategy
Experienced users can create and manage their own liquidity strategies to maximize profits.
Using concentrated liquidity positions as collateral
Crypto assets locked in a concentrated liquidity strategy can be used as collateral for loans.
Also Read How To Buy Crypto:
Kamino's entire product suite is packaged in an intuitive, industry-leading user interface (UX). Through Kamino, users can access transparent analytics, detailed performance data and complete positioning information.
With the advantages and convenience offered, it is not surprising that Kamino is giving away free tokens (airdrop) to attract more users and develop their ecosystem.
What is KMNO Token?
The KMNO token will serve as an asset for voting and important decision-making on Kamino. KMNO token holders will later be able to participate in determining the reward program, profit sharing, protocol operations and risk management of Kamino, as explained in their official tweet.
The total supply of KMNO tokens is 10 billion, of which 10% will be in circulation in April. Meanwhile, the remaining 7% is allocated specifically to be distributed to the community via airdrop.
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Airdrop Continues!
The plan is that Kamino will hold airdrops periodically. The "Season 2" airdrop will start in April and there may be more airdrops next.
"Season 2 will prioritize loyal users who actively use Kamino products," their official tweet said.
How To Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the Complete Guide on How to Buy Crypto at Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Eigenlayer Airdrop: Check How to Get Free Eigenlayer Airdrop
STRK Airdrop: 1.3 Million Wallets Get Free Airdrop of $STRK Tokens
DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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