Kinto launches mining plan, intends to allocate 33% of the token supply

Odaily News Layer 2 network Kinto announced its mining program on X, which will allocate up to 33% of the token supply over 10 years. The rewards gradually decrease over time, are calculated off-chain, and are distributed on-chain weekly, and will be available on July 8. The mining program will reward asset deployers and developers. The longer and more capital is deployed, the more Kinto tokens will be obtained. In addition, Engen founding participants who hold ENGEN tokens can receive a 15-20% reward; using specific protocols can get additional rewards, such as Mountain Protocol's wUSDM, which can get an additional 5% bonus.