The subscription phase for Theoriq and Espresso's Capital Launchpad has now been completed!
We are excited to announce that both have been oversubscribed, with a total subscription amount of approximately $84 million.
Next, we enter the review phase — both project teams will comprehensively analyze various data, including social reputation, on-chain assets (not limited to Kaito holdings), past alignment with the projects and their related fields, geographical distribution, willingness to participate, subscription amounts, and more.
Therefore, the quota results for Espresso will be announced after July 31, and Theoriq's will be announced after August 5.
The Pledging phase of the Capital Launchpad for both Theoriq & Espresso is complete!
Excited to say that both finished oversubscribed with a total of ~$84M pledged.
Now for the review phase - the two teams will analyze the data including social reputation, onchain holdings (not only Kaito holdings), historical alignment/relevance to the project and its relevant sectors, region, conviction, size of pledge, and more.
Note - if you are not chosen in the allocation (which will happen to people, given both are oversubscribed) your deposit will be refunded.
Espresso:
- Review phase: 29 Jul, 12 PM UTC - 31 Jul, 2 PM UTC
- Fulfilling phase: 31 Jul, 2 PM UTC - 4 Aug, 2 PM UTC
Theoriq:
- Review phase: 29 Jul, 12 PM UTC - 5 Aug, 2 PM UTC
- Fulfilling phase: No fulfilling phase as total deposits > their raise target
So for Espresso, you'll find out if you received allocation after 31st July, and for Theoriq after 5th August.
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