Kinetiq Shuts Down kPoints Program Amid KNTQ Price Plunge

Kinetiq has announced that it will be stopping its kPoints program, which allowed users to exchange their kPoints for KNTQ tokens. The decision comes after a significant decline in the price of KNTQ, with the token plummeting by 23% since the news broke.

The move is likely to be seen as a response to the current market conditions, with many crypto assets experiencing a downturn in recent weeks. While the exact reasons for the decision are not clear, it's possible that Kinetiq is trying to stem losses and stabilize its token price.