Despite Airdrop Controversy, Kaito Token Secures Bithumb Listing

- Announcement of KAITO Token Listing on Bithumb KRW Market - 20% of the total token supply was allocated for the airdrop, but the community response to the distribution has been intense [Unblock Media] Kaito, an AI-based Web3 information platform, is drawing attention with its recent announcement of listing on the Bithumb KRW market and conducting a large-scale airdrop. Kaito AI announced that 20% of the total token supply will be allocated for airdrops and incentives. Among this, 10% will be distributed to early community users, Genesis NFT holders, ecosystem participants, and partners. Additionally, 56.6% of the total tokens are allocated for community and ecosystem expansion, with 19.5% earmarked for short-term and long-term airdrops and incentives. However, there are concerns about initial selling pressure as 43.3% of the total token supply is allocated to the team and early investors, with the team's share set at 35% and early investors' share at 8.3%. The airdrop was conducted on the Base network, with eligible participants including Yapper program contributors and Kaito Genesis NFT holders. The Yapper program rewards users who create crypto-related content on Twitter(X) and actively engage with the community, selecting them as recipients of the airdrop. Following the completion of the airdrop, discussions within the community have been heated. A high-ranking Yapper, CBB, expressed dissatisfaction with the number of tokens received, stating on X, "4431 $KAITO for 2450 Yaps, lmao. I am officially broke." Community also pointed out inconsistencies in the number of tokens airdropped per NFT. As backlash against the Kaito Foundation grew within the community, Kaito CEO Yu Hu responded, emphasizing the project's rapid progress: "Yaps went from a concept to TGE in just three months while maintaining a healthy cash flow. We ship, we announce, and we ship again. If you think TGE is the end, we will prove you wrong." Additionally, Hashed's on-chain analyst, An Subin, reaffirmed confidence in the project, stating, "I have no plans to sell my $KAITO or NFTs for now. While I’ve considered selling at a high price, I want to see more of Kaito’s vision unfold." Amid ongoing debates within the Kaito community, Bithumb officially announced on February 20 that it will list Kaito tokens on its KRW market. Deposits and withdrawals will be available starting from 9 PM on the same day, and the supported network is Base. Deposits through other networks are not supported, so investors need to be cautious. The start time of trading will be announced later, after liquidity is secured. For a safe trading environment, initial trading restrictions will be applied. For five minutes after the start of trading, buy orders will be restricted, and sell orders will only be possible at prices -10% below or +100% above the reference price. The auto order function will be activated after the first execution. Additionally, following the implementation of the Travel Rule, deposits and withdrawals will only be possible through virtual asset business operators supported by Bithumb. Deposits from unsupported external exchanges will not be reflected and could take a long time to be returned. Kaito is a cryptocurrency data analysis platform utilizing AI, aimed at optimizing Web3 information exploration and tracking. It recently published a white paper and announced plans for the KAITO token and airdrop, and is working to establish a system that rewards new content on social media. KAITO token is listed on major exchanges like Binance, OKX, starting with the Bithumb KRW market listing. This is expected to increase liquidity and attract more investors, positively impacting the expansion of the Kaito ecosystem and enhancing the platform’s credibility.