🐝ESP In-Depth Report｜a16z Leads Major Investment, Binance's New Token Earnings Fully Analyzed🔥
1⃣ Financing Background
The project has raised a total of $60 million
Seed Round (2022-03-07): $32 million, led by Greylock Partners and Electric Capital
Round B (2024-03-21): $28 million, led by top institution a16z crypto
2⃣ Core Token Data
Total Issuance: 3.59 billion tokens
Multi-chain Deployment: ETH Mainnet + Arbitrum
Initial Circulation at Launch: 15% (approximately 538.5 million tokens)
TGE Launch Time: Not yet announced
3⃣ Valuation and Cost Comparison
Binance Wallet New Token Price: 0.069638 USDT, FDV $250 million
Previous Kaito Public Sale Price: 0.111 USDT, FDV $400 million
Kaito Unlock Rules: No unlock on the day of TGE, 50% unlock after 1 year, remaining 50% to be released linearly over 12 months
Institutional Holding Cost: 0.117 USDT/token
Expected Valuation at Launch: No less than $400 million, likely in the range of $400-600 million
Corresponding Token Price Estimate: 0.11–0.17 USDT
4⃣ Airdrop Earnings Reference
Participants 30,000: Single account earnings approximately 72–180U
Participants 40,000: Single account earnings approximately 54–135U
Participants 50,000: Single account earnings approximately 43–108U
5⃣ Token Distribution Overview
Community Airdrop: 10%, covering over 1 million eligible addresses
Liquidity Market Cap: 4.5%, including market making, pre-issuance, and 1.5% share of Binance new token
Public Sale Rewards: 0.5%, used for incentivizing early participants of Kaito
6⃣ Project Highlights Overview
Founded in 2020, founding team from the United States
Positioning: Providing a high-performance decentralized underlying network for Rollup/L2
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