Hooly shid is InfoFi actually working?
@TheoriqAI raising $2M at 75M FDV but $42M already committed so 21x oversubscribed
Even if it's a KYCed sale
Guess you have to pair it with no vesting and decent valuation for the masses to want to join
I can pretty much guarantee they would not be able to get that oversubscribed if it wasn't for InfoFi
It seems all these pledges come from those who've completed the KYC on Kaito.
I still can't believe how hard the @TheoriqAI wave hit.
+ Target: $2m
+ Current Allocation Requested: $15.55m
One thing's for sure: there will be no allocation left for the FCFS round if this heat continues.
Just my random thought: I think Kaito should change the mechanism to include a raffle to all participants ➜ the lucky ones get a guaranteed slot.
This approach could work if they decide to continue the pledge round after reaching the $2m target.
Let's see where the $THQ sale goes.
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