Business · Markets · 1 hr ago
Kaia to burn 4.9 million tokens and add JPYC to rewards program
Kaia DLT Foundation plans to burn about 4.9 million KAIA tokens from its blockchain network, with the first part scheduled for Oct.
21 and the rest for November.
The foundation will add JPYC, a yen stablecoin, to its reward program starting Oct.
21.
Until now, only deposits of the stablecoin USDT counted toward these rewards.
The program rewards users who deposit a stablecoin in a designated protocol and stake KAIA in the same wallet.
Users must stake 10 KAIA for each dollar's worth of USDT or JPYC for their deposits to count.
The monthly reward pool is fixed at 2.5 million KAIA, and tokens not paid out because users do not qualify are burned.
The change lets JPYC depositors qualify, while the foundation's planned token burns will reduce the amount of KAIA in circulation.
The Kaia DLT Foundation said it will burn about 4.9 million KAIA tokens.
It plans to burn 2,463,579 KAIA on Oct. 21 and the remaining 2,441,567 tokens during November.
From Oct. 21, the foundation will add the yen stablecoin JPYC to its Contribution Reward program.
The program rewards eligible users with KAIA based on their contribution to the network.
Users must stake 10 KAIA for each US$1 of eligible USDT or JPYC held in the same wallet.
- Who
- The Kaia DLT Foundation.
- What
- It plans to burn about 4.9 million KAIA and add JPYC to its Contribution Reward program.
- When
- The announcement was made on Oct. 14, 2026. The first burn and JPYC addition are planned for Oct. 21.
- Where
- Kaia’s blockchain network.
- Why
- The foundation did not state a reason for the burn. JPYC deposits will count toward rewards for network contributions.
This story does not have two clearly opposing sides.
The Kaia DLT Foundation announced the planned token burns and the addition of JPYC to the rewards program.
The foundation plans to burn 2,463,579 KAIA and begin counting JPYC deposits toward rewards.
The foundation plans to burn the remaining 2,441,567 KAIA.
- Planned burns
- About 4.9 million KAIA
- First burn
- 2,463,579 KAIA on Oct. 21, 2026
- Second burn
- 2,441,567 KAIA during November 2026
- New eligible asset
- JPYC, from Oct. 21, 2026
- Monthly reward budget
- 2.5 million KAIA
1 source
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