The Initial Minting and Public Minting Offers included some incentives to encourage early adoption of the minting process.
One of these was that a 3x multiplier would be applied to minted coins during these periods.
The effect is that a minting of 100 KAU will be treated as if it were a minting of 300 KAU.
For any Minter's yield accrued during these Offer periods, there will be no additional benefit in terms of the proportions of the total Minters yield allocation. The allocation, from the Master Fee Pool to all Minters within the Kinesis system, is still 5% and all early minters, that have been minting during the PMO period, are treated as if they minted 3 x of their actual minted amount.
After the PMO period (ended on 30th on June 2021), the 3x multiplier will not apply to new minters.
However, the early minters, that have been minting during the PMO period, will be receiving their Minter's yield 3 x multiplied in perpetuity.
Let's say that 10,000 KAU were minted during the Offer period and, followed by a further 10,000 KAU minted after the Offer period.
In total 20,000 KAU have actually been minted.
However, the offer period mintings are counted at 3 x, i.e. 30,000 KAU.
Therefore, the total mintings are calculated as 40,000 KAU.
Let’s say you minted 200 KAG and sold all on KMS in February 2021, during the active Public Minting Offer, Kinesis will count this amount as 600 KAG (3 x multiplier).
You also minted another 200 KAG in March but sold them in July, after the PMO period. It will be treated as 200 KAG, bringing your total eligible for Minter yield to 800 KAG.
Over time, as more KAU are minted, the overall share of the pot taken by the early minters will fall.