Kelp DAO releases KERNEL token economics, 55% allocated to community rewards and airdrops

PANews reported on December 19 that the Ethereum liquidity re-pledge platform Kelp DAO announced the details of KERNEL token economics, 55% of which will be allocated to community rewards and airdrops (20% for airdrops, 35% for future community rewards), 5% is allocated to the ecosystem and partners, 20% is used for private sales, and 20% is allocated to the team and advisors (the team and private sales tokens have a 6-month lock-up period and are unlocked within 24 months).

In addition, 20% of KERNEL tokens will be distributed through three airdrops:

• First airdrop : 10% of the total supply allocated, snapshot date is December 31, 2024;

• Second airdrop round : 5% of the total supply will be allocated from January 1 to April 30, 2025; those who pledge again before January 15, 2025 will receive an additional 15% loyalty reward;

• Follow-up airdrop : The remaining 5% will be distributed, and the plan is to be determined.

KERNEL tokens will be used in scenarios such as governance, re-pledge to provide economic security, liquidity mining, and ecosystem revenue repurchase. The Token Generation Event (TGE) is expected to be completed in early Q1 2025.