Transmute Protocol launches a 1-click claiming tool for the upcoming Kinetic call option airdrop without requiring upfront capital.
Tech & Launches ·
Transmute Protocol announced plans to build a one-click claiming tool for the upcoming Kinetic call option airdrop, designed to allow users who accumulated kPoints but lack available capital to claim their allocation without upfront payment. The initiative follows Kinetiq's distribution of final kPoints, which now enable holders to claim KNTQ, the governance token of the Kinetiq protocol, at kinetiq.xyz/kntq.
KNTQ serves as the primary value accrual instrument across the Kinetiq ecosystem and carries a total supply of 1 billion tokens. Current on-chain metrics show circulating supply at 331.5M KNTQ (valued at $94.04M market cap), with 77.18 percent liquid, 22.82 percent staked at $21.46M, and 1.19 percent burned. The token trades at $0.28 with a fully diluted valuation of $283.64M and 24-hour volume of $15.97M.
The mechanics of how the Transmute tool would function—specifically how it would enable claiming without capital outlay—remain unspecified. It is also unclear whether the tool has entered development or remains at proposal stage.