KAIKO (KAI)

Often, when a track/mechanic goes from hot to cold, only a few – the first, second, third dragons – actually make money, and the rest become fuel.
Just give a few examples.
When Galaxy was hot, there were a bunch of reputation projects on the chain, a mountain of tasks that couldn't be finished. But in the end, it seems that apart from Galaxy, I didn't see any other project actually making money.
When Kaito was hot, it was also a bunch of hype projects. Things like ethos, cookie, etc.; in reality, only Kaito could make money, I didn't see anyone else getting the meat.
After ICO got hot, wasn't it also the case that only the first few projects made money? Everyone later knew that.
Then came perps, and even future predictions.

Unfortunately, many projects actually understand this principle. Maybe limited by lack of funds, or lack of confidence, or overconfidence, they just love to stubbornly drag on.
A dragging tactic, dragging on until the end of time.
It was originally a story of a young girl at the prime of her youth getting married, but it got dragged into something even old virgins (or dogs) disdain.

So what are the names of those projects that like to drag? Fill-in-the-blank for you:
1. _____________
2. _____________
3. _____________
4. _____________
5. _____________

Kaia may need a closed loop, tying together its narratives; it currently has three main threads:

1. Social app entry point, backed by its parent companies Line and Kakao.
2. Asian stablecoin market, currently dominated by native USDT. The Japanese yen stablecoin is progressing a bit faster, and the Korean won stablecoin is also being pursued.
(The previous pump was due to news about the won stablecoin.)
3. On-chain RWA such as government bonds (in partnership with OpenEden), shipping, and SMEs.

Threads 1 and 2 can be roughly linked, while thread 3 needs a more appropriate spot to be integrated, forming a closed loop.