Is $Joule just going to drop straight to 0 in 24 hrs 😂?
How is the token for Flare’s “premier lending protocol” dumping below 1/2 the marketcap of a community takeover memecoin $BUGO? https://t.co/RU1AFe30uM
Is $Joule just going to drop straight to 0 in 24 hrs 😂?
How is the token for Flare’s “premier lending protocol” dumping below 1/2 the marketcap of a community takeover memecoin $BUGO? https://t.co/RU1AFe30uM
“Big things coming”
@Kinetic_Markets announces they will be,
“curbing rewards emissions of the $JOULE token”
Then they INCREASE Joule emissions, 😭
“Users can already withdraw their staked Kii for $JOULE with no cooldown or withdraw penalty.”
Down only tokenomic design so far. https://t.co/RmvxkRjHKM
Kinetic is Evolving: Changes coming to the $JOULE token and the Kinetic protocol.
Big things are coming for Kinetic. As we prepare to expand and roll out major updates to the protocol, it's important that the protocol's token, $JOULE, evolves as well. That is why this epoch (ending Sep 29th) will be the final epoch that Kii Stake rewards and rebates are awarded.
Upcoming Changes:
- Rebates on fees through the various Kii tiers will sunset after this epoch.
- Kii Stake and Voting will be discontinued, aligning governance more directly with our new vision for the protocol.
(Unstaking restrictions on $KII have already been removed)
- The JOULE/sFLR Farm will remain incentivized for, at minimum, the next five months.
- Kinetic's ISO pool (JOULE, FLR, USDC) will remain available on Kinetic for the foreseeable future, subject to ongoing community demand.
By curbing rewards emissions of the $JOULE token, we aim to transition it from being an "incentives token" to a true "protocol token." Creating a token model