Loud will launch the $LOUD token IAO on May 31, and 10% of the LOUD will be used for community programs and market making

PANews
PANews
SOL+0.54%

PANews reported on May 30 that Loud, an information tokenization protocol based on Kaito, announced that the initial attention offering (IAO) of $LOUD tokens will be launched on HoloworldAI's HoloLaunch platform at 22:00 Beijing time on May 31, with a total fundraising target of 400 $SOL (about $70,000). The IAO is divided into two phases: the priority phase for the first 1,000 $LOUD users, and the community phase for eligible users who have a Solana address bound to KaitoAI, on a first-come, first-served basis.

It is reported that the total supply of $LOUD tokens is 1 billion, 45% for IAO, 45% for liquidity pools, and 10% for community programs and market making. After the end of the IAO, the $SOL raised and 45% of the $LOUD tokens will be injected into the MeteoraAG liquidity pool, followed by the opening of the market for trading, and the trading fees will be distributed weekly starting in about 7 days.

Related Reading: Quick Facts at Loud: An Experiment in a Decentralized Attention Market to Reward Voices with Transaction Fees.

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