Let's understand the future potential of $KAITO
$KAITO is a reward token designed to incentivize quality content creation in Web3.
Kaito has distributed around 10% of the supply in the initial airdrop.
They plan to allocate around 7.5% of the supply as creator incentives over a period of two years, starting from August 20.
Additionally, they have allocated 32.2% of the supply for network and ecosystem growth, where they plan to introduce creator grants in the near future.
Now, there is a clear demand from creators, coming directly from the content they post on X.
Kaito has built an algorithm to evaluate content quality based on overall weighted engagement, and they have created metrics called Yaps, Mindshare, and Smart Followers so far.
The Kaito team has rolled out a plan to increase staking demand by giving higher reward distribution weightage from the ecosystem and creator incentives. This has resulted in 27% of the claimed airdrop supply being staked.
The whole flywheel of $KAITO depends on its ability to push more people to stake and lock tokens for a longer time. If there are incentives driving that behavior, it would eventually create a supply shock for $KAITO in the long run.
It follows the same playbook as early $TIA when people staked $TIA to receive airdrops. Here, you can stake $KAITO to vote on projects on Kaito Connect, and you could potentially receive dozens of airdrops in the near future.
$KAITO is at the center stage of the crypto attention economy, connecting projects, users, and creators by distributing the right incentives for all.
With more projects joining Kaito, they could potentially grow the network effect around the $KAITO token, helping the flywheel spin even better in the future.
Disclaimer: I'm holding a decent bag of $KAITO, and i am not sharing any financial advice here. Please use this information as an educational purpose only.
From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.