Kaito AI to Launch $1 Million Limitless Token Sale on Capital Launchpad
The presale for the Base-based prediction market platform Limitless significantly exceeded expectations, raising more than $200 million, oversubscribed by 200 times.
KAITO
Summary
Limitless, a prediction market on the Base blockchain, concluded its community presale on Kaito AI’s Capital Launchpad, raising over $200 million. The presale was oversubscribed by 200 times, indicating substantial investor interest far beyond the original target.
Terms & Concepts
- Token Generation Event (TGE): A specified date when a blockchain project's tokens are created and distributed to investors.
- Fully Diluted Valuation (FDV): The total market capitalization of a cryptocurrency if all potential tokens were in circulation.
- Base Blockchain: A Layer-2 blockchain developed by Coinbase to provide faster and cheaper transactions compared to Ethereum mainnet.