Kinto's Engen: The Commitment Phase – Your Last Chance to Become a Founding Member
Kinto is the only Sybil Resistant blockchain with User-Owned KYC and enforced Account Abstraction. Lock in Rewards Before Kinto's Mainnet Launch!
Kinto's Engen Launch Program Enters Final Phase!
Kinto, a groundbreaking Layer 2 (L2) blockchain solution, is nearing the culmination of its Engen Launch Program. This initiative offers a unique pathway for early adopters into Kinto's ecosystem while addressing fundamental barriers often associated with Web3 participation.
What is the Kinto Advantage?
Kinto distinguishes itself with a central focus on security and a seamless user experience. Its native sybil resistance (protection against fake accounts) and account abstraction (simplified wallet management) resolve prevalent issues in the crypto space. Kinto's May mainnet launch is highly anticipated, and the Engen Launch Program serves as the final onboarding stage for eager participants.
Engen Phase 4: The Commitment
The fourth and final phase of Engen, dubbed "The Commitment," is now live. Existing participants can magnify their rewards by allocating capital to the Kinto network. Importantly, users don't require a pre-existing wallet like MetaMask; everything is handled with a fully non-custodial approach directly within the Kinto ecosystem.
Committed capital generates yield through third-party protocols (sDAI, wstETH, weETH, and sUSDe) until the mainnet launch on May 16th.
Understanding Engen: A Quick Recap
The Engen program is structured into four strategic phases. Each phase presents opportunities for users to earn Engen credits by completing specific tasks:
Phase 1: KYC Arrival - Launched November 27th
Phase 2: Wallet Set-Up - Started mid-January
Phase 3: DeFi Rescue - Started mid-February
Phase 4: Capital Commitments - Live now
How to Participate and Maximize Rewards
In Phase IV, verified users make capital deposits to increase their earned rewards. Deposits are locked until Kinto's full launch on May 16th.
Reward calculations are transparent:
Base Multiplier: Determined by the amount of locked funds.
Time Factor: Emphasizes early participation for maximum yield. Diminishes over time.
Fairness and Anti-Exploitation Measures
Kinto's user-owned KYC system promotes community integrity. Unlike traditional airdrops, Kinto's design thwarts sybil attacks (where individuals attempt to game rewards through multiple fake accounts). This creates a genuinely equitable environment for genuine participants.
The Final Push: Covering Gas Fees
While Ethereum has become more scalable, the final bridging step into Kinto's L2 still temporarily requires Ethereum network 'gas fees'. To minimize this barrier, Kinto has implemented several measures to reduce these costs for users as much as possible, including enabling gasless deposits and covering certain transaction fees.
Yield Generation While You Wait
Since capital is locked for 60 days, Kinto offers an attractive feature – automated yield generation. Users choose from carefully selected options for optimal returns during the waiting period:
Closing Thoughts
Kinto's Engen Launch Program presents a compelling gateway to the future of decentralized finance. With the community's overwhelming response, this final phase won't last long.
If you're interested in a safer and user-friendly entry into the Web3 world, now's the time to act.
Phase IV is open until May 16th. Don't miss out! Join Engen!
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