Kaito’s Limitless Token Sale Ends with 200x Oversubscription

The Limitless token sale raised over 46 million USDC with a 200x oversubscription, highlighting strong demand, especially among Kaito community members who received above-average allocations.

USDC
KAITO

Summary

The Limitless token sale on the Kaito platform concluded with 200x oversubscription, raising over 46 million USDC. 11 million KAITO tokens and 576 yapy were staked. Early participants, such as one who staked 250,000 USDC, received a 20,000 USDC allocation. Kaito community members secured double the average allocation, with 75% of them receiving above-average distributions through a dedicated pool.

Terms & Concepts
  • Token Sale: A fundraising method in which a blockchain project sells its native tokens to investors, often used to raise capital for development.
  • Staking: The process of locking up cryptocurrency to support a blockchain network’s operations, often in exchange for rewards or participation rights.
  • USDC: A U.S. dollar-pegged stablecoin issued by Circle, used widely in cryptocurrency transactions and DeFi applications.