In the ongoing airdrop season, one of the most hyped aidrop which is gaining massive attention is Kamino Airdrop. Kamino is a Solana-based Defi protocol that will soon distribute free tokens to its eligible users. However, the most anticipated date for this airdrop is March 31, 2024. To become eligible and to claim Kamino Airdrop users need to have points which will convert into Kamino tokens once Airdrop goes live.
In this article, we’ll get to know more about, Kamino Airdrop detail, Kamino airdrop eligibility, how to claim Kamino airdrop, and many more things. So, Read till the end.
Kamino Airdrop Detail
Kamino Point Season 1 snapshot will be recorded on March 31, 2024, and during this snapshot, the Kamino finance system will collect user data like its activity, users’ points, and relevant data within the Kamino Point ecosystem. However, after the user’s snapshot, Kamino token distribution is scheduled for March 2024.
Kamino’s first token distribution details
Kamino token ticker name: KMNO
Total Kamino token supply: 10,000,000,000
Initial community distribution: 7% of total supply
Distribution method: Linear and based on Kamino points
Additionally, you all need to understand that this is the 1st Kamino token distribution through an airdrop, and Kamino will come up with more airdrops as per the data shared by Kamino Finance.
Initial Distribution Details
Ticker: $KMNO
Total Supply: 10,000,000,000
Estimated Day 1 Circulating Supply: 10%
Initial Community Distribution: 7%
Distribution: Linear based on Kamino Points
Snapshot: March 31st
TGE: April— Kamino (@KaminoFinance) March 7, 2024
Kamino Airdrop Eligibility
Kamino is a Defi protocol that offers lending, Liquidity, and borrowing to the crypto enthusiast. If the crypto users use any of these above features, you will be eligible for Kamino Airdrop. Based on the users’ engagement over the Kamino platform users will receive Kamino points. Once Kamino airdrop goes live the users who have Kamino points will be converted into Kamino’s KMNO token.
In a simple way earn points through the Kamino product using the Kamino platform. and later these points will convert into tokens as the airdrop goes live.
This is how you will be eligible and earn as many as Kamino points
- If you spend 1 dollar equivalent into Kamino lend Supply you will get the reward of 1 Kamino point per day.
- If you spend 1 dollar equivalent into Kamino lend borrow you will get the reward of 1 Kamino point per day.
- If you spend 1 dollar equivalent token into liquidity vaults you will get a reward of 1 Kamino point per day.
This means for each dollar you will get 1 Kamino point per day, the more dollar you use the more Kamino point you will get. Which directly creates an impact on, how many KMNO tokens you will get in the Kamino airdrop.
By following the above thing you will be eligible for the Kamino Airdrop.
How to Claim Kamino Airdrop?
To become eligible and to claim Kamino Airdrop you need to follow this easy guide:
Step 1: Go to the Kamino Finance website URL: https://app.kamino.finance/ (However this is also the first step to becoming eligible for Kamino Airdrop)
Step 2: Connect a Solana-based wallet here you can add your wallet such as WalletConnet, MetaMask, OKX wallet, Ledger, Ethereum Wallet, Torus, and others.
Step 3: Once you connect your wallet, add a Solana token or any other supported token through your wallet. Which you can add by using Binance or any other DEX.
Step 4: Now you are done. This a time where you can earn Kamino points using “Borrow/Lend” and you supply tokens or borrow tokens. The amount of tokens you supply or borrow, based on that you will get Kamino points.
Step 5: Following the above step, now you go to the “Liquidity” section. Choose any pool and provide liquidity there, based on the amount of token you provide in the liquidity pool you will get Kamino points.
Step 6: Once you are done with Borrow/Lend/Liquidity. Go to the Trading section and try Leverage trading and Multiply one click vault.
Step 7: Once you do this daily till March 31, 2024, the platform takes the snapshot (take your data like Kamino point and look at your engagement with the platform) based on that you will receive a KMNO token through an airdrop.
However, this is season 1 of Kamino Airdrop and a snapshot that takes your data till March 31, 2024, based on that you will receive a KMNO token. Additionally, if you continue to interact with the Kamino platform you might be eligible for the season 2 Kamino airdrop.
Season 2 & Beyond
Kamino Points Season 2 will begin in April, and will continue to reward protocol participation
Season 2 will emphasize loyalty & sustained usage of Kamino’s products
A large portion of $KMNO will be allocated to additional Points Seasons and reward campaigns
— Kamino (@KaminoFinance) March 7, 2024
What is Kamino Finance?
Kamino is a unique Defi platform that offers crypto enthusiasts a variety of Defi services like Lending, Borrowing, and Leverage which are used during the trade. Besides, this impressive feature on a single platform, Kamino Finance also makes all features more safer and secure so that crypto users do not suffer.
Initially, the Kamino platform was created for crypto users where they can easily earn rewards by providing liquidity on the blockchain. However, the interface of the Kamino platform is so simple, that users can easily track and see the details of their investments and the reward they receive.
Use Case of Kamino Finance
Kamino Finance has multiple use cases, like:
- Users can provide liquidity to earn rewards
- Crypto users can use this platform for lending
- Crypto users also borrow tokens through this platform and earn rewards by doing so.
- This platform also offers leverage trading services option to every crypto user.
Conclusion
Kamino Airdrop is one of the most awaited airdrops that crypto enthusiasts seek. However, a snapshot for this airdrop is scheduled for March 31, 2024, meaning if someone recently knows about this airdrop and wants to be eligible there is still time to become eligible. To become eligible users need to use the Kamino platform and earn Kamino points which will later convert into Kamino KMNO tokens. A total of 7% of the token supply is going to be distributed in this airdrop.
Frequently Asked Questions (FAQs)
Can I trade on Kamino Finance?
Yes, anyone can easily use this platform to trade and also this platform offers leverage trading to its users. Besides, trading users here you can easily collect your data like where you have made a profit, how many trades you have taken in this week, and many more metrics.
How many Kamino tokens will be distributed in Kamino Airdrop?
Kamino community is going to distribute 7% of its total supply. The total supply of Kamino tokens is 10 billion and 700 million tokens are going to be distributed in this season 1 airdrop.
How to buy a KMNO token?
Currently, it has not launched, however, once the KMNO token gets launched by using a DEX like Pancakeswap, SushiSwap, or another DEX you can buy this token or you can get this token on Metamask or Trust wallet.
