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Boop.Fun leading the way with a new launchpad on Solana.
how the Kaito Launchpad works
(a lot of confusion in the replies)
1. everyone is eligible to pledge
2. you make a deposit of min 25% of your pledge
3. projects approve/deny people's pledges
4. if approved, you must fill in and pay the full pledge (failure to do that means forfeiting your deposit)
5. if denied, your deposit will be refunded to you
when oversubscribed projects will judge applicants based on a series of factors. this is where i believe gKaito will play a big role because i see it as your credit score
28.7. klo 20.38
UPDATE: the @TheoriqAI launchpad offering on Kaito is 564% oversubscribed with $11.3M pledged with a bit under 24hrs to go
hey did everything the other offering didn't
1. transparency on previous round
2. low valuation (50% less than previous round)
3. 100% unlocked at TGE
BUT
they updated terms & conditions after going live and so people like me who pledged according to the old terms & conditions couldn't change anything
this is something that should not repeat on the launchpad IMO because it makes no sense to have a system which changes terms & conditions and doesn't allow for editing the pledge
🧠 food for thought for Kaito
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