Layer2 network Kinto announced on X that the mining plan will allocate 2% of the token supply this summer, and active users who deposit funds and application developers whose contracts receive the funds will be rewarded.
Earlier on June 19, Kinto announced on X that its mining plan was officially launched, and will allocate up to 33% of the token supply over a 10-year period. The rewards will gradually decrease over time, calculated off-chain, and allocated on-chain every week, and will be available on July 8. The mining plan will reward asset deployers and developers. The longer and more capital is deployed, the more Kinto tokens will be obtained.