KNC airdrop begun on Monday, 25 September 2017. If you belong to one of the 3 groups of people: (1) passed Kyber Network’s know-your-customer (KYC) check during the registration phase (including Chinese registrants who had registered but not able to participate in our initial token sale); (2) participated in Indorse’s initial token sale event; or, (3) SmartPool token holders, you should receive the airdropped KNC tokens anytime now. All eligible addresses would receive 2 KNC tokens.

SmartPool, being a non-profit decentralized project, resolves miner front running and transaction censorship, and it currently relies on donation to operate and for maintenance. Being one of the most widely used decentralized mining pools in the entire blockchain ecosystem, SmartPool has and will continue to benefit decentralized exchanges such as Kyber Network. As such, our decision to include SmartPool token holders in our airdrop program is mainly to recognize the contribution to Smartpool, which will benefit Kyber Network in the long run.

On top of the KNC tokens, the airdrop will also include a KGT token to those addresses that had passed the KYC check. Please be reminded that KGT is a non-transferable token, and it’s main purpose is to commemorate early supporters of Kyber Network. We plan to have special programs later on to reward KGT token holders. However, should you find your KGT token unnecessary, you can always delete it by sending a transaction to the burn() function in our contract.