I'm considering buying some Kaito for staking, as Sunrise, which I criticized a few days ago, is going to airdrop tokens to Kaito stakers.
@SunriseLayer
The total supply of Sunrise tokens is 500 million, with 1.5% (7.5 million tokens) allocated to Kaito stakers. Specifically:
3.75 million tokens (0.75%) for the top 100 "debate masters"
The remaining 3.75 million tokens (0.75%) for top Kaito stakers
1. Why Stake Kaito?
🔶 To bet on the Sunrise airdrop opportunity.
🔶 This might signal a trend: Kaito stakers could receive more airdrops in the future, similar to the Cookie model.
🔶 On-chain data shows 30 million Kaito tokens are staked globally, worth approximately $50 million—not a large amount.
🔶 Becoming a "debate master" is too difficult: Chinese-speaking users have lower weight, and ranking among the top 100 is nearly impossible.
🔶 It's worth a try with spare funds.
2. Risks to Note
🔶 Kaito has a FDV of $1.7 billion, with only 17% in circulation. Future unlocks could cause severe price drops.
🔶 With competitors like Cookie and Galaxy joining, Kaito's market share may shrink, reducing stakers' rights and interests.
What do you think?
@KaitoAI
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