lowhash.hl

A little over 1 day into this, it’s vital to set the record straight: The communication about this claim could’ve been way better and for that, I take full responsibility. The allocation is now >41% claimed in a single day (fully unlocked, no vest), this tells us that even despite the thousands of pundits today, participants have been extremely receptive to the long term oriented mechanics of this program. This was never publicly disclosed, as there’s been no point to it for over a year, but Kinetiq received a $20m term sheet at $250m ($0.25) last year prior to KNTQ genesis. That sounds great on paper, until you realize that this would’ve essentially crushed the public economic value of the project, by creating ridiculously predatory vesting schedules that would’ve made Kinetiq (KNTQ) un-investable for years to come, which is the bane of the existence of essentially every other protocol in our singular category at the time. This would’ve been an unacceptable outcome to us, hence swiftly declined. Proof? Ask @wassielawyer who was kind enough to personally review each term sheet. Instead, we chose to follow through on the precedent Hyperliquid set by distributing 25% of the protocol after what was likely the shortest points program ever. You may feel that your trust in Kinetiq and our team was misplaced, but we’ve followed through on everything we said we would, and will continue to do so - whether you’re here or not. Regardless of how you felt about today, I (we) appreciate all of your commentary. The good, the bad, the ugly. The mission remains unchanged, and the vision ever more clear.

Important to note: > @Kinetiq_xyz raised <$2m, fractions of a fraction of competitors in staking, trading, and other general purpose ecosystems - with orders of magnitude greater results > if we did this with barely any capital, not hard to imagine what we will do with a bit more capital > my singular job is to make @Kinetiq_xyz // @Markets_xyz // @Enter_Elysium as huge as computationally possible Those who can, do Those who can’t, FUD

km Today reminds me a lot of the response to Hyperliquid’s introduction of “L1 points” just before summer of ‘24. Hyperliquid was absolutely torched that day, by many of the biggest names in the industry. (Enjoy the comment section, a nice stroll down memory lane) Having been a user since May of 2023 and seeing they had just announced HyperBFT + HyperEVM, I knew what this meant: Hyperliquid may have started as a perpetuals DEX, but was being setup to cater for something an order of magnitude greater; an entire ecosystem and beyond. This may upset you, but @Kinetiq_xyz is no longer purely a liquid staking protocol. It is equally set up to cater for an exponentially greater outcome. We are at the bleeding edge of exporting Hyperliquid’s greatest product via @Markets_xyz to a global userbase who may have never heard of a blockchain, and now at the precipice of ushering in a new era of Hyperliquid’s general purpose capabilities via @Enter_Elysium to users and builders who are about to see what happens when you build an extremely performant general purpose layer on top of the most liquid, utilized financial application onchain. KNTQ is at the epicenter of every single Kinetiq product from staking, to Markets to Elysium, and always will be. This is further cemented by publicly ensuring any and all value that accrues from the entirety of Kinetiq’s product suite is directed solely to it. Back to work