Kona and Kona Kitty Holders Eligible for $PUNCH Airdrop on July 15

Kona DeFi, the consumer-focused DeFi protocol on Abstract developed by @KittyPunchXYZ, announced on June 11 that holders of KONA and Kona Kitty NFTs are eligible to receive the upcoming PUNCH token airdrop from @PunchMarkets, a novel lose-to-earn perpetual DEX on flow_blockchain.

The airdrop is scheduled for July 15, as part of Punch Markets’ launch. The perp DEX, which rewards users for losing positions, is building its community around this incentive structure. KONA and Kona Kitty holders will be included in the initial distribution.

Kona is a full-stack DeFi platform offering trading, lending, volatility derivatives, and yield products. It is part of the KittyPunch ecosystem, which also includes frothdotmeme and its FROTH token, convertible to KONA at a 10,000:1 ratio. The announcement positions KONA holders to gain exposure to the new PUNCH token.

Interested participants should ensure they hold KONA or Kona Kitty NFTs in their wallets before the snapshot date, which has not yet been specified.