The KMNO token will be issued on April 30, with 7.5% allocated for initial community distribution

ChainCatcher news, according to official information, the Solana ecosystem's composable automated liquidity management protocol Kamino Finance Foundation has announced the KMNO token economics. The total supply of KMNO is 10 billion tokens, with an expected initial circulating supply of 1 billion tokens, of which 750 million tokens will be initially distributed to the community. The TGE date is April 30, 2024. The KMNO token economics are as follows: community and grants:

• 35% (including 7.5% for the genesis distribution);
• Liquidity and treasury: 10%;
• Core contributors: 20%;
• Key stakeholders and advisors: 35%.