Kaito token launch: Hype and Controversy
The Kaito project, blending AI and data analysis, introduced its KAITO token in February 2025 via an airdrop. The launch stirred excitement, but the distribution method sparked mixed feelings in the community.
Kaito aims to provide a robust tool for financial data analysis using AI. it gathers data from over a thousand sources, including social media and forums.This helps investors make quicker, informed decisions.
Kaito operates through three main components:
- Kaito Connect: An InfoFi protocol using blockchain and AI for efficient financial data analysis.
- Kaito Pro: A premium search engine that accesses hard-to-reach data sources.
- Kaito Yaps: A social media tool analyzing market sentiment and rewarding valuable content.
KAITO, the native token, was listed on major exchanges on February 20, 2025. Token holders can pay for services, access premium content, and participate in governance.
Since launch,KAITO’s price has been volatile. It peaked at $2.92 on February 27 but dropped to $1.40 by March 13, a 51% decrease from its high.
The Yaps distribution mechanism has faced criticism. It rewarded users based on social media activity, favoring those with more followers. This lack of transparency and subsequent token sales by whales led to price drops and concerns about speculation.
Currently, around 241 million KAITO tokens are in circulation, with a total supply capped at 1 billion. Kaito was founded in 2022 by Yu Hu, a former Citadel managing director.
While Kaito offers promising tools, its security and future performance remain uncertain. The airdrop controversy adds to the complexity of the project.
