⏰ Theoriq @TheoriqAI has less than 24 hours left for the new listing on Kaito @KaitoAI
Currently oversubscribed by 6.5 times, expected to reach 8~10 times in the end.
The official oversubscription design has a maximum limit of 4 times for new listings, requiring only a deposit of 2.5 WU to get an allocation of 10 WU.
🥶 Comparing with the neighboring Espresso @EspressoSys
As of now, 4 million has not been fully subscribed yet.
Main reason: the release method is too unfriendly.
→ 50% TGE locked for 1 year, then unlocked all at once.
→ The remaining 50% will be unlocked linearly over 1 year.
📉 It's like treating retail investors as ATMs; no one wants to be a fool.
⚠️ TGE Warning | About @TheoriqAI's IDO
@KaitoAI
The Theoriq project is about to have its TGE, currently conducting an IDO on the Kaito platform, but there are several key points to note:
🔐 KYC is quite complex
Requires a mobile verification code and uploading proof of address (residency proof or bill)
The process is relatively cumbersome, and the KYC cost is significantly higher than regular projects
💰 Participation Rules Reminder
Application limit range: 1000 ~ 100000U
Once the limit is submitted, it cannot be modified, and if you win but do not pay, the deposit will be forfeited
⚠️ Be sure to think carefully about how much you are prepared to invest before deciding to submit!
The deposit does not need to fully cover: for example, if you apply for a limit of 10000U, the deposit only needs to be around 3000U
📈 Valuation and Expectations
The last round of financing valued at 150 million
This round of IDO is valued at 75 million
There is a possibility of making a profit, but the risk is on you, with an expected range of about 50% returns
🧠 Advice from the boss:
This project indeed has potential, but the threshold is high and the requirements are strict, not suitable for casual investments; if you are really ready to participate, be sure to handle the KYC in advance and assess the deposit and lock-up logic you can bear.
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