Kaito AI Announces Token Launch and Airdrop for Users
Crypto remains volatile mainly due to its permissionless nature and the ongoing search for product-market fit. Traders should monitor narrative changes for short-term gains.
Kaito, a Web3-focused search engine, offers sentiment analysis by aggregating data from social media. Its recent token airdrop has drawn attention, allowing users to earn "Yap" points through engagement on Twitter, which will determine their share of the KAITO token distribution.
Key details include:
- Kaito tokenizes the attention economy of Crypto Twitter.
- The platform weighs tweets by relevance, originality, and user reputation to prevent spam.
- Kaito collects valuable data on crypto trends, which can be monetized for marketing insights.
- Estimates place YAP points value between $20 and $140 each.
- Details on Kaito's tokenomics are pending; 24% of total supply is set for launch.
- Kaito's annual revenue is projected at $833k, suggesting a conservative market cap of $52.5 million based on a 20x P/S multiple.
- Current trading reflects a market cap of $320 million/$1.3 billion FDV.
Uncertainties remain regarding the relationship between Kaito's analytics capabilities and its token utility.