About the new KAITO IDO you need to know
KAITO recently launched a new IDO project @BitwayOfficial
Compiled the project information; decide whether to join the new;
1| Basic Project Information
BTCFi's L1, originally a side protocol;
Funding totals 5.94M, with a focus on incubation by YZi Labs;
2| Project Valuation
The latest round of directed strategic financing valued the project at $100M;
The recent IDO on Kaito Capital Launchpad sets FDV at $80M, but only 50% is unlocked, with the remainder unlocking over the next three months;
Thus, after TGE, an FDV of 160M would immediately break even;
3| Horizontal Comparison
Compiled a simple comparison of BTCFi's public chain projects, focusing mainly on financing
and FDV after TGE (current financing does not represent all)
4| Summary
Invest cautiously; market entry carries risk; make your own decisions;
