BananaGun allocates 40% of net trading profits to KNTQ buyback and burn
Original headline바나나건, 거래 순수익 40% KNTQ 매입·소각에 배정
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Banana Gun has allocated 40% of its trading net revenue to the purchase and burn of Kinetiq's KNTQ token, per an announcement the trading platform made on X and reported by Foresight News. The 40% applies to net trading revenue rather than gross trading volume, and with net revenue figures undisclosed, the actual buyback amount and burn volume cannot yet be calculated. This allocation is separate from Kinetiq's previously disclosed mechanism directing 50% of Elixir sequencer fees toward KNTQ buy-and-burn, meaning the two revenue streams feed the same token sink through distinct channels. Kinetiq's official KNTQ documentation also indicates that a portion of protocol revenue is earmarked for KNTQ buybacks. The arrangement ties KNTQ's deflationary pressure to Banana Gun's trading performance, so watch for disclosures of Banana Gun's net revenue and burn execution data to gauge the buyback's actual scale.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Banana Gun, KNTQ, Kinetiq