Foresight News reported that the liquidity staking protocol Kinetiq on Hyperliquid has announced the launch of its governance token, KNTQ. The total supply of KNTQ is 1 billion, of which 30% will be allocated for protocol growth and rewards to incentivize users and ecosystem development; 25% will be distributed to participants of the genesis event; 23.5% will reward core contributors in recognition of their significant contributions to the protocol; 10% will support the operations of the Kinetiq Foundation; 7.5% will be allocated to early investors as a return for their support; 4% will provide market liquidity to support KNTQ trading; and 1% and 24% will be airdropped to users holding Hypurr and kPoints tokens, respectively, to enhance community engagement.