On April 21st at 10 PM UTC in the Kwenta Discord, on the community stage the council will present the retro $KWENTA Launch Distribution details for Synth traders and $SNX stakers. Join the Kwenta community for the presentation of KIP-13. Kwenta has made exciting progress and is getting close to delivering on key milestones.
All KWENTA received by stakers will go into a one-year vesting contract which can be vested at any time, however, an attached fee which will begin at 80% and deplete linearly to 0% after one year will be executed when vested which burns the percentage of tokens exposed to the remaining fee, enabling short term holders to exit while decreasing the total supply.
In the event that a Synthetix community member believes they were incorrectly excluded from the distribution, there will be an application form open for 1 month where disputes can be submitted.
Get a localized time and a reminder for this event at Kwenta Discord Event.
If you haven't already, join the Kwenta community on Discord.
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