Kinetiq Ends kPoints Program With Paid Token Claim as KNTQ Falls 23%

WHY IT MATTERS

Many crypto projects reward early users with points that can later be exchanged for tokens — similar to how airline miles can be redeemed for flights. Usually, this conversion is free. In this case, Kinetiq required users to pay money to claim the tokens they had earned through their points, which is more like being told you need to buy your reward after earning it. This upset many participants and likely contributed to a sell-off of the KNTQ token. For newcomers, this is a reminder that points-based reward programs in crypto do not always guarantee free tokens, and the terms can change in ways that may not match initial expectations.