Kamino: The Kamino Points Season 1 snapshot will take place on March 31, with token issuance in April

ChainCatcher news, the Solana ecosystem's composable automated liquidity management protocol Kamino Finance announced on social media that it will conduct the first season snapshot of Kamino Points on March 31, and will calculate it in the April KMNO token genesis distribution.

Kamino stated that the use cases for KMNO include controlling the protocol incentive program and revenue distribution, conducting protocol operations, and risk management, among others. The total supply of KMNO is 10 billion tokens, with an expected circulation of 10% on the first day. The initial community allocation of KMNO accounts for 7%. The second season of Kamino Points will begin in April and will continue to reward protocol participants.