A vote to change the Kaito Launchpad terms for Espresso
I haven't seen even one big or small account say they'd buy in or that it's reasonable.
Espresso wants $4m USDC, but 0% unlock at TGE
At $400M USD valuation and 12 month cliff the odds of getting out of this profitable are near 0%.
I propose instead:
- 30% unlock or higher at TGE with drip each month
- $200M valuation or lower
I am seeing people say their last round was at $180m, so how did it get to $400m, please explain.
Anyway, with our feedback, you might see a change to something more reasonable.
What you think
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