So people are disappointed that Kaito Launchpad is KYC + that the first Project is Espresso @ $400M FDV + 50% unlock at 1 year cliff, 50% linearly over 1 year thereafter There is a key difference between paying out a couple hundred k for marketing expenses (leaderboards) and letting people invest at decent valuations with "size" with the amount of low quality projects clearly dominating kaito it might take some time till there is any deal worth participating in. The lockup part makes these kind of things very unattractive since you usually just wanna dump shit at TGE