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The Novastro Token XNL has fallen 75% from the public sale cost, raising community doubts about the fundraising platform Kaito AI.
On October 31, according to market data, the RWAfi project Novastro Token XNL fell below the issue price of the public sale of $0.05 after its TGE on the previous day, currently quoted at $0.0126, resulting in an approximate loss of 75% for users who participated in the public sale at the current price. Novastro previously held a public sale on Kaito AI, raising $2 million, which was over-subscribed by 2.3 times. The loss from the token public sale falling below the issue price has raised doubts among community users regarding Kaito AI, claiming that the fundraising platform bears partial responsibility for raising funds for “scam” projects.