"What You Need to Know About KAITO's New IDO" KAITO recently launched a new IDO project @BitwayOfficial. Here's a summary of the project information to help you decide whether to participate: 1 | Basic Project Information BTCFi's L1, formerly a side protocol; Total funding: $5.94M, primarily incubated by YZi Labs; 2 | Project Valuation The most recent targeted strategic funding round valued the project at $100M; The recent IDO on Kaito Capital Launchpad has an FDV of $80M, but only 50% is unlocked, with the remainder unlocking over three months; This means that after TGE, an FDV of $160M will immediately break even; 3 | Horizontal Comparison A simple comparison with BTCFi's public chain projects, mainly focusing on funding and FDV after TGE (current funding is not representative of all projects); 4 | Summary Investment requires caution, market participation carries risk, and decisions are your own responsibility.

It's been a long time since we've seen a new BTC ecosystem.