I just heard that the rules of this launch pad are a bit outrageous!
- TGE doesn't release at all
- 50% release after 12 months
- The remaining 50% will be distributed linearly over the next 12 months
@espressoFNDN What kind of trouble is this? You set this rule, right?" Unless your pre-sale price is particularly low, someone will hit you? Who plays with such a high valuation, damn it!
@KaitoAI @espressoFNDN
✍️. @KaitoAI's Capital Launchpad is finally here, and the currently officially announced projects are Coffee @espressoFNDN and @TheoriqAI.
The first of these projects, @espressoFNDN, started on July 23 at 18:UTC+8
☻ So there will be many friends here asking, what is Capital Launchpad?
It is a platform that connects the community with high-quality projects, and Kaito's next strategic goal is to use an open, capability-based and relevant allocation method to replace the traditional first-come, first-served method, which should be distributed from the perspectives of Kaito holdings, ICT amount, yap points, project-specific leaderboards, etc., and there are no allocation rules yet.
🔸 How does it work?
The project sets round terms (valuation, fundraising target, vesting). Then, if you're interested, select the amount you want to get, deposit the corresponding USDC, and the project team reviews the data and prioritizes the allocation. If there are any unallocated ones, they will be opened to others in FCFS.
🔸 What are the stages of financing rounds?
- Pre-commitment phase: Announce the conditions for participation
- Commitment Stage: You deposit USDC to participate, and if you don't allocate successfully, you will be refunded
- Review Phase: The project team determines the final allocation to see how much to give you, which is equivalent to a whitelist
- Whitelist Priority: You will receive an email when you receive the quota, confirm and pay quickly, otherwise your USDC deposit will be confiscated. Use the Base Network embedded wallet.
🔸What kind of wallet does Capital Launchpad use?
Built-in, non-custodial Privy embedded wallet for all transactions. Only Base mainnet is supported.
However, KYC is required to participate, and Chinese users are excluded. Has any big brother tried whether Chinese users can have real names? @Punk9277 Can you give us an explanation?
@KaitoAI @Punk9277
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