1. Project positioning KAITO is an AI-driven Web3 search engine founded by former Citadel quantitative trader Yu Hu, aimed at integrating fragmented information and generating market analysis through AI large models, known as the 'Alpha Catcher' of Web3. Its core product MetaSearch supports crypto investors to access on-chain Alpha opportunities, with an ecosystem including 'Yap-to-Earn' social incentives and Genesis NFT airdrop system.
2. Token Distribution and Circulation - Total supply: 10 billion coins, of which 33.3% is used for airdrops (approximately 3.33 billion coins), and the rest is allocated to the team, investors, and ecological fund. - Initial Circulating Supply: 2.41 billion tokens (24.1% of total supply), circulating market value on the first day of listing is about 3.86 billion US dollars, current price is around 1.60 US dollars.
3. Controversy over Airdrop Mechanism - Airdrop distribution is accused of favoring users in the waist area, with lower than expected returns for head KOLs (such as each Yap point worth about $13-21, with Genesis NFT holders receiving up to $13000). - The selling behavior of some large holders has intensified market volatility, with 7 out of the top 12 airdrop addresses liquidating their positions. #GateioInto11
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1. Project positioning
KAITO is an AI-driven Web3 search engine founded by former Citadel quantitative trader Yu Hu, aimed at integrating fragmented information and generating market analysis through AI large models, known as the 'Alpha Catcher' of Web3. Its core product MetaSearch supports crypto investors to access on-chain Alpha opportunities, with an ecosystem including 'Yap-to-Earn' social incentives and Genesis NFT airdrop system.
2. Token Distribution and Circulation
- Total supply: 10 billion coins, of which 33.3% is used for airdrops (approximately 3.33 billion coins), and the rest is allocated to the team, investors, and ecological fund.
- Initial Circulating Supply: 2.41 billion tokens (24.1% of total supply), circulating market value on the first day of listing is about 3.86 billion US dollars, current price is around 1.60 US dollars.
3. Controversy over Airdrop Mechanism
- Airdrop distribution is accused of favoring users in the waist area, with lower than expected returns for head KOLs (such as each Yap point worth about $13-21, with Genesis NFT holders receiving up to $13000).
- The selling behavior of some large holders has intensified market volatility, with 7 out of the top 12 airdrop addresses liquidating their positions. #GateioInto11