Kaito Airdrop Rankles Feathers with Token Distribution
The post Kaito Airdrop Rankles Feathers with Token Distribution appeared on BitcoinEthereumNews.com.
Kaito launched its token with an airdrop today, and the market saw notable volatility due to an early sell-off. Kaito’s tokenomics allocated 10% of tokens to its dedicated community, which rankled a few feathers. However, this structured distribution could ultimately strengthen the token’s long-term sustainability by limiting the ability to offload large amounts at once. Kaito Airdrop Triggers Mixed Reactions Kaito, an ambitious AI social media tokenization project, has been generating a lot of buzz lately. It already established a reputation as a Web3 information platform, but last week, it released a whitepaper for a much more ambitious project. Essentially, Kaito plans to use AI to incentivize meaningful content on social media platforms, and its airdrop began today. “Announcing the KAITO tokenomics! 56.67% is devoted to Community & Ecosystem. Of that, 19.5% going towards initial and long term community airdrops and incentives. For the Initial Community and Ecosystem Claim – 10% This allocation includes the initial Kaito Yapper community, Genesis NFT holders, and ecosystem yappers and partners,” the firm claimed. Although Kaito’s airdrop had a lot of momentum behind it, the community had a mixed response to this token distribution. For example, Binance’s BNB community received 2%, even though it only announced a Kaito listing yesterday. Many users believe a 10% distribution is notably low for a community that has been supporting the Kaito AI platform for so long. Still, many other users expressed satisfaction, claiming that airdrops don’t create sustainable value. “If this doesn’t generate too much FUD, then bullish as less selling pressure on day 1. I’m grateful for anything I will get. Big fan of what Kaito team is shipping and want them to succeed long term. Even if I sell some KAITO, will continue to support and root for them to suceed,” wrote Ignas, a popular…
Filed under: News - @ February 20, 2025 5:22 pm