in the most respectful way
the first @KaitoAI capital launchpad project terms are
0% at TGE
50% after 12 months
50% vested over another 12 months
400M FDV
$4M raise
even if other rounds raised remotely close to this valuation, still doesn’t make sense to me on an r/r basis
this seems like a rerun of the “KOL/Strategic rounds” teams bent us over on in 2023/2024
first launch I know, things will change and iterate, but definitely not my cup of penguin tea
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