Keeta Network: The "Ripple Killer" is back? VC coins are no longer marketing
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Foresight News
Keeta Network, a payment-focused Layer 1 blockchain, recently conducted a TGE (Token Generation Event) on the Base network, with its token $KTA experiencing a 1000% surge in value within a week, reaching a fully diluted valuation (FDV) of $160 million.
Despite the project's lack of marketing and the initial FUD (Fear, Uncertainty, and Doubt) surrounding the non-public TGE, Keeta's "value discovery" was delayed. However, the project's team took steps to address the community's concerns, such as providing transparency around the token economics and development progress.
Keeta's decision to launch on the Base Layer 2 network, rather than its own mainnet, was driven by the lower transaction fees compared to the Ethereum mainnet. The project plans to eventually enable cross-chain functionality, allowing $KTA to be bridged to the Keeta mainnet.
The unique success of Keeta, in contrast to many VC-backed projects that have struggled after listing on centralized exchanges, highlights the importance of "DYOR" (Do Your Own Research) in the crypto market. In a time when many projects are focused on homogenized marketing and user acquisition, Keeta's approach of addressing community concerns directly may provide a non-conventional path to success.
KTA
11.86%
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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