BlockBeats news, October 2: Kinetiq, a liquid staking protocol based on the Hyperliquid ecosystem, has ended its kPoints points program and opened KNTQ token subscriptions. Points holders can purchase KNTQ from their allocated quota at $0.26 per token within 10 days.
The subscription quota for this round is 50 million KNTQ. If fully sold, it is expected to raise about $13 million. After the news was announced, the price of KNTQ fell by about 23%.
Kinetiq previously accumulated users through the kPoints points mechanism, and is now opening a token acquisition channel to points users through paid subscriptions.

