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      Kinetiq Concludes kPoints Program Amid Decline in KNTQ Value

      Kinetiq has officially ended its kPoints rewards program, allowing points holders to purchase 50 million KNTQ tokens at a fixed price of $0.26 each. This offer comes at a time when KNTQ, which reached an all-time high of approximately $0.448 on October 1, 2026, has since dropped over 20%, currently trading near $0.33. The claim window for this purchase opened on October 1 and will last for 10 days, with any unclaimed tokens reverting to the Kinetiq Foundation for future ecosystem development.

      The kPoints program distributed a total of 36.8 million points over 46 weeks, with participants now able to buy KNTQ tokens without any lockup or vesting period. This allocation represents 5% of KNTQ's maximum supply of 1 billion tokens, potentially generating up to $13 million in gross proceeds if fully claimed. The initial claim price was seen as a significant discount when KNTQ was trading around $0.40, but as the price has fallen, the perceived value of the discount has diminished.

      In addition to the kPoints program conclusion, Kinetiq is implementing changes to KNTQ's economic model, including a governance proposal known as KIP-5. This proposal aims to direct revenue-funded buybacks of KNTQ to the Hyperliquid Assistance Fund, which is designed to permanently reduce the token supply. Kinetiq has previously conducted buybacks, acquiring over 5.39 million KNTQ at an average price of $0.15, and is now applying a similar strategy to its own token economics. Investors are advised to monitor the participation in the claim process and subsequent market activity as these developments unfold.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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