Kinto Allocates 2% of Token Supply for Mining Rewards Before September 18

Bittime - AndLight Layer 2 Kinto announced that it will allocate 2% of the total supply as mining rewards before September 18 2024. Read this article to find out the full news!

Kinto: Layer 2 that Focuses on Stability

Kinto is a Layer 2 network focused on improving the scalability and efficiency of transactions on the blockchain. The network offers solutions that enable faster transactions and lower fees compared to traditional on-chain transactions. 

With a focus on decentralization, Kinto aims to build an open and secure financial system, accessible to anyone. Allocating 2% of the token supply as mining rewards is part of a strategy to encourage user participation and strengthen the network.

Also Read: ORE Solana Reactivates Mining Activities with a Limited Supply of 21 Million Tokens

Most Mining Rewards Allocation

Kinto will allocate 2% of the token supply as mining rewards over the next 90 day period, ending on September 18, 2024. This amount is considered the highest in Kinto's history and it is believed there will never be another reward allocation of this size.

This not only attracts the attention of miners, but also investors and crypto enthusiasts who see a great opportunity in earning these substantial rewards. This high reward allocation is expected to encourage activity on the Kinto network and attract more users to join and participate in the Kinto ecosystem.

Mining Rewards: Opportunity for a Surge in Activity at Kinto

This announcement has created a buzz among the crypto community, especially among those already familiar with Layer 2 networks and their benefits. 

Through these mining rewards, it is estimated that there will be a surge in activity on the Kinto network, which can increase the value and utility of the Kinto token itself.

By providing significant incentives to miners, Kinto hopes to expand the reach and adoption of their network worldwide.

Also Read: Russia Legalizes Bitcoin Mining and International Trading Using Crypto 

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

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