In summary:
Kaito incentivizes users to create crypto content to earn YAP points, which influence airdrop allocation.
KAITO is currently trading between $1.7 and $2 on Aevo, with a projected FDV of $1-2 billion, but many investors consider it “cheap.”
While there’s no official information yet, a 1 YAP = 1000 KAITO assumption is being considered.
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Kaito – a crypto market data platform with AI support – has just announced the launch of its whitepaper and plans for a KAITO token airdrop in the near future. This is also one of the projects that has been of interest to the Vietnamese investor community recently, alongside projects such as Sosovalue (SOSO) or Nansen.
Here are some summaries of community analysis and price predictions for KAITO.
Read more: Kaito Launches Whitepaper, Plans to Encrypt Social Media Content with AI
Investors are trying to price Kaito and predict the KAITO token price before its launch date.
Currently, there is no specific information on the total supply and allocation of KAITO tokens, but posts on X suggest there are assumptions about token distribution after one year of operation, with some users speculating about the value of each YAP when the token is released.
Previously, the project launched Yapper (Yap-to-Earn). This is a program that encourages users to create quality content about cryptocurrencies on X (Twitter). Users earn YAP points by sharing useful information, interacting with crypto-related content, and receiving engagement from their followers. These YAP points will determine the value of the future airdrop.
To predict the price of KAITO, it is necessary to determine some important conditions such as: The YAP to KAITO conversion ratio, the total supply of KAITO and the fully diluted market capitalization (FDV) of KAITO. An analysis by investor Ren_gmi has attracted attention by making assumptions about these variables.
With approximately 25,000 YAPs being issued daily, we can calculate the total number of YAPs in circulation at different times. It is highly likely that Kaito will take a snapshot of the number of YAPs in the future to determine token allocation. For example, if March 11th is chosen as the snapshot date (i.e., 90 days since the Yapper program started), then the total number of YAPs in circulation would be 2.275 million. With a fully diluted valuation (FDV) of the KAITO token at $1 billion and the airdrop accounting for 30%, if tokens are allocated linearly to YAPs, then each YAP would be worth $131.” – Investor Ren_gmi predicts.
The above analysis assumes 1 KAITO = 1 YAP. But this information has not been disclosed yet. By observing prices on the pre-market, many investors are starting to suggest different ratios. Currently, on the AEVO pre-market, KAITO is trading in the price range of $1.7 – $2. Many investors believe that the conversion ratio could be 1:1000.
“KAITO is trading at $1.7 on Aevo’s pre-market. Now, I wonder how many YAPs per $KAITO? Maybe 1 YAP = 1000 KAITO.” – Investor Wilson predicts.
Most investors are predicting the project’s FDV to be in the range of $1 billion – $2 billion. The price is then derived based on information about the total supply and the conversion ratio. But Gustavo believes this valuation is still “cheap.
Is Kaito’s pre-market price of $1.8 on Aevo too cheap? We don’t know the total supply? We don’t know what the circulation is and how much it accounts for? In my opinion, it’s cheap.” – Gustavo commented.
In the Vietnamese crypto community, although many investors are interested and use data from this platform, due to language limitations (English), not many investors participate in the Yapper program. According to BeInCrypto’s report, most new projects launched recently have recorded a sharp decline, with many tokens falling by up to 80%.
Read more: Kaito, Dune, Nansen have the potential to launch tokens in 2025
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