Kamino ties team token unlocks to valuation milestones, plans $20M spend over 24 months

Kamino CEO Michael Weisz announced that most team KMNO token unlocks will depend on reaching sustained fully diluted valuation (FDV) milestones ranging from $1 billion to $10 billion. The Kamino Foundation plans to spend at least $20 million over the next 24 months on products, partnerships, and team growth. The foundation owns Kamino’s revenue and intellectual property and may consider KMNO buybacks or burns if financially feasible. Kamino aims to capture 10% of the tokenized real-world asset market in the short to medium term and 20% by 2030.

The news about Kamino's team token unlocks tied to FDV milestones coincides with a notable drop in KMNO's price on Pluang, where it trades at Rp545 as of Nov 03, 2026 11:02 WIB. The token's market cap stands at Rp3.17 trillion, reflecting significant investor activity. Despite the price decline, Pluang data shows a high sell order ratio of 88%, indicating strong selling pressure among users.