Completed KYC and funded my Kaito Wallet but honestly, I’m pretty confused about Espresso, the first project on Kaito Capital Launchpad. Not gonna talk too much about the tech. Every crypto project has a slick deck and a fancy pitch. But two things jump out: - FDV at $400M - 50% unlock after 1-year cliff, then 50% vesting linearly over the next year With the scars from past KOL rounds and launchpad bets (where I watched 90% vanish in slow motion)... this setup feels way too familiar. Proceeding with caution. Not FUD, just experience talking.