Kaito Platform Token Sale Oversold by 200x as Demand Soars

The Kaito platform’s token sale for Limitless, a key feature on the platform, has concluded with exceptional demand. Over 200 times oversubscribed, it attracted significant interest from investors, according to a recent announcement by platform founder Yu Hu. The average allocation rate for this round was a modest 0.5%. Notably, an impressive 11 million KAITO tokens and 576 yapy were staked during the sale, with total subscription amounts exceeding $46 million USDC. Early participants who staked within the first minute and allocated a maximum of 250,000 USDC received allocations of 20,000 USDC. This translated to an allocation nearly double the average for other users. Additionally, the community pool’s exclusive nature granted 75% of members access to allocations that exceeded the average level.