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The Wale Show w/ Kaito
Recorded: July 25, 2025 Duration: 1:07:01Space Recording
Short Summary
In a recent discussion, the Kaito team highlighted significant trends in the crypto market, including a rally in Bitcoin and NFTs, and introduced the Kaito Capital Launchpad, a new fundraising platform aimed at aligning community interests with project investments. The conversation also touched on the evolving InfoFi landscape, emphasizing growth potential and innovative fundraising mechanisms.
Full Transcription
Thank you. Welcome everyone to another episode of the whale show i see shiv is already here
as co-host so we can get it started shiv how are you doing oh my god bro it's been a while
it's been a while for the people uh since we hosted our last whale show i know there's been
so much that's happened since then. The market has been rallying.
NFTs are getting its spark again.
Bitcoin surging at all-time highs.
Even ETH and alts following through.
We had a few TGEs happen like Pump and a couple other ones.
It's been an interesting aspect on the timeline.
But what's remained since Q1 and Q2, the info5 5 season, if not it's involved into what we have today, with not only just Kaito, but with other protocols as well. It's kind of an interesting landscape right now, I do want to get into it, but I think what's been amazing to see is that it's a lot of creators just really, you know, gaining a lot more traction in this quarter than we've had before so there's a lot to cover here i know we're joined with the kaito team so i appreciate the boys coming up um but
whale whale first of all how you been bro i'm not gonna lie i think you might need to go on another
vacation i'm looking at the charts i'm looking at my bags and i looked at my charts uh i looked at
my bags when you were in barcelona there's clearly a correlation to have there.
Hey man, how you been?
Doing good, man.
As I said, I've been on vacation a lot recently, so I don't know when we hosted the last show,
probably like three or four weeks back.
But this might be, or it's definitely one of our most anticipated shows in a while, I think.
So we want to get right into it.
We have the Kaido team up on the stage today.
We want to talk a little bit about We have the Kaido team up on the stage today.
We want to talk a little bit about, of course, everything that's new,
the changes to the algorithm that they announced a few,
or to the mechanics that they announced a few days ago.
Of course, the Kaido Capital launchpad that had the first launches today,
actually, we want to cover that.
But also a little bit kind of how I named the space, the state of InfoFi, where we see it going.
We have a few other speakers that we'll add on to the space
later to maybe discuss InfoFi in general a little bit broader.
But before we do that, I want to give a warm welcome
to Mr. Yoohoo, who is joining us today.
Super excited to have you on.
How are you doing?
Hey, guys.
Good to be here.
Thank you for having me.
Excited to be sharing more about Kaito today.
Let's go.
Good to have you on.
you how do you see the current state of info 5 i think the whole the whole matter is still very
I actually want to go into the space with a broader question for you. How do you see the current state of InfoFi?
early and thinking about you know thinking of the whole thing started basically seven months ago
right and it feels like forever but actually only only started seven months ago. And then we're still kind of just in the very, very small bubble, right?
So we're on crypto Twitter, and there's only so many people on crypto Twitter.
But if you think about where crypto is at right now,
some of the biggest themes are all about crypto going mainstream.
Either it's some of the global equities,
liquidity pool, stablecoin, mass adoption,
infrastructure, all this kind of stuff.
Increasingly, we're seeing that happening.
But if you think about the go-to-market strategy
for most of the projects right now,
it's still basically crypto Twitter.
And it's not even kind of, you know, a lot of the audio content or video content, live streaming content, not to mention that some of the other platforms.
So overall speaking, it's still super early
and something that's very, very early
is obviously going through cycles.
And you've seen some of the crazy period,
obviously Kaizo AirDrop marked one of those.
And then you've also seen Q2,
which has also seen some of the you know crazy launches
and stuff and you've also seen some of the criticism that emerged and i think that all of
these are very very natural developments of something that's new at this stage of the
development but at the same time like i like i just said we're still in you know in this stage of the development. But at the same time, like I just said,
we're still in this kind of a small bubble and you can see some of the bigger trends that are forming.
So POM.fun, one of the major developments,
is basically betting big on live streaming.
Now, we've seen the traction that for example abstract is doing a lot
of the live streaming platforms are doing and even just outside of crypto
that has increasingly become basically the the way that people prefer consuming
content these days and kind of becoming much. It has to be kind of much more real time.
People don't want to be waiting for, you know, for example,
the All-In Park has scheduled, you know, for a few days down the line.
But people just want instant views in terms of, hey,
what's happening on Trump versus
Elon right so all these kind of stuff these are major major trends that are happening in
kind of the way that people consume content interact with content um interact with information in general so i think that you know if if i think about Kaito or Yappalita Bo in its current form,
it's still kind of a very primitive stage. And I think that, you know, maybe seven months ago,
people thought that, hey, that this is very, very innovative. I've never seen something like this
before. We are currently probably at a stage where people have lost that sort of sense of novelty.
But in terms of the whole kind of paradigm shift, I think we're just getting started.
Yeah, I agree.
I think, as you said, this whole Inf whole info 5 meta in kaido itself is still
at least like the the app part of of kaido is still pretty new i think when did it start in
late december right late december 2024 yeah uh yeah something like that yeah so about six months
now so still very very young shift as you you i see you have your hand up so i want to give you
the opportunity to chime in but i have a a question kind of building on what you just said.
Yeah, I'll let you go first, Will, because I have a bit of a different question.
Okay.
You said, and I agree with that, that over these six months,
we've seen a lot of changes in the info file space.
We've seen a lot of players pop up.
We see a lot of changes with
inside um kaido and it feels like especially like in the last when you announced i think it was four
days ago probably on monday uh there was quite a big change or it felt like a big change and kind
of like a change in in the course for um for kaido and i down what you, because you replied to that as well,
and you said,
the current YEPA leaderboards
have swayed too far
into allowing noise and farming.
So would love to hear,
like, what did you mean by that in detail
and what changes can people expect from that?
Yeah.
So I think that,
I think anything in our space,
it's almost always going to be financialized, right? So one way or another, if you remember,
initially, for example, we had a process of vote to list, right? So it's called Kytoconnect.
And by the way, we're restructuring that.
We're going to be relaunching that with a whole new mechanism.
It's going to be very, very exciting.
But if you will remember, the whole idea was people would essentially vote to vet projects.
But very quickly, it became bribing, right?
But very quickly, it became bribing, right?
So that's, and I think that in our space, people very, very quickly normalize that.
Because I think that's the kind of the, you know, crypto culture in a way that everything is, you know, hyper-financialized.
Which is no different than Yappa Leaderboard.
I think there's a big difference from Q1 to Q2 in terms of a whole new wave of people.
Maybe initially when content was not financialized or incentivized, then people would be posting for what they
like to talk about.
And I think in Secure, there are two things that happened.
One was the rewards were kind of ramping up.
The second thing was also that I think Twitter has also significantly increased the payout,
I think to the tune of 5 to 10x for a lot of the people.
So, and I think that, you know, some of the people are making solid a few thousand US
dollar a month, which basically means that this can, you know, very solidly be a full-time
job for a lot of the people in many parts of the world.
So that has completely changed the financial incentive in the game.
And I say this because overall, that's almost a one a kind of one order of magnitude change.
So if this was maybe a couple hundred dollars a month, then I don't think people's behavior will be significantly changed.
But because people making four, five, six digits of money, then that has significantly changed people's behavior.
significantly changed people's behavior and I think that in our space especially
on crypto Twitter is actually very small so in a sense that you don't have that
many content creators that are that have a very solid audience yet because
everything happens so quickly right so if this has been a thing that has been going for four years that people had a
lot of time to essentially build up the audience but obviously in our space
things are happening so quickly so very naturally a lot of people will be going
for shortcut right so instead of you know obviously like you know well you build up your account for
like multiple years right from the last cycle and years of content and years of kind of reputation
building but a lot of the people don't have that luxury of of that existing audience so basically
people will be taking shortcuts driven by financial incentives.
So that's very natural, I think, in my view.
I think the solution to that is we need to continue
having sort of a way for people to move up the ladder,
which has been happening across the Kato ecosystem.
So many smaller accounts, basically. a way for people to move up the ladder, which has been happening across the Kato ecosystem.
So, so many smaller accounts, basically.
And a lot of them actually started in January and February, but very quickly grew to be influential accounts.
And we've seen this over and over again, right?
So you've seen, you know, I think ICOB, you know, I think back in the day grew his account through the blast period and then had a major boost during the Kaito period. So that that is basically just one year, roughly.
And, you know, very similarly, you know, Brad is kind of a similar case.
You know, Brad is kind of a similar case. I was kind of looking at his stats, basically grew his account to one of the top 10 accounts on crypto Twitter within six months. So things can start and, you know, can grow in a very, very short period of time. But it doesn't happen to everyone. It does take patience, skills, dedication. So I think that it's very important to,
for example, you know, us as a network to have that sort of that channel for people to move up.
But at the same time, it does need to have sort of a threshold and criteria so that the overall perception and
the overall rewards are basically being handed to the more authentic creators and the higher
quality accounts.
accounts. And I think that over the long term, that's a win-win for everyone. And I think that
And I think that over the long term, that's a wing-wing for everyone.
as the kind of the guardian of the network and someone who basically started this whole thing
with the idea that this is all about being transparent, being accessible, being permissionless, being fair and democratic
and results-driven for everyone.
And I think that this is very important for us to bear that in mind without losing the
reason why we have been doing this for the whole time. So to come back to your question, I think
as a response to that, we have decided to essentially set a threshold. We haven't disclosed
yet in terms of what the threshold is going to be. So there's a lot of kind of analytics that's
been going on on that. At the same time, I do think that there are a bunch of other mechanism uh that
are going to be put on so which i'm obviously happy to talk about in a bit but i but i hope
that that has sort of addressed the question i love it a few things before asking your my next
question if you guys are tuning in right now please like or tweet the space if you have any
questions tag me down below
and obviously follow the peeps up on stage.
There's a few things
that you've announced recently.
Another big thing was
G-Kaito. Perhaps you want to
get into that a little bit, kind of just explaining it?
Yeah, so I think that
the whole idea about
G-Kaito is
if you think about Kaito, we had a huge acceleration
or, you know, since the exception, that was from December to February.
February was basically the multiple launch token.
So we had a points program called Yaps. So back in the day, everyone, every sort of participant in the Kaito network was basically Yapper who was being generating content. It doesn't necessarily have to be related to any sort of Kaito ecosystem projects. People can be talking about any crypto-related topics to essentially be able to earn YAPs.
That was the single metric that we optimized and focused on in terms of designing the points program.
And I think that since February, over the past five months, Kais Kaiser has expanded and transformed significantly.
We now have very broad and
sort of also very diverse set of users, audience.
So we've grown from a platform that was historically even,
mainly serving some of the project teams at LiquidFunds.
To maybe, if you think about December, that was round about kind of a hundred thousand very, very core yappers.
So nowadays, roughly a million registered users and some of the people doesn't necessarily have significant Twitter presses,
but has been very, very actively participating in, for example,
today's Capital Launchpad, right?
So, and also at the same time, we have NFT holders,
you know, kind of you have project teams who have been very generous
to the Kito ecosystem.
So nowadays, we have a very broad set of stakeholders.
And I think that for any project, actually, not just Kaito,
I really believe that for any project, post-TGE,
there's also a merit in having something that basically combines different elements
of different stakeholders within the ecosystem.
And the reason why that kind of the GEKai tool is, you know, some sort of, I wouldn't
call it points program because we already have a token, but it's almost like a system that combines both the on-chain metrics and holdings and contribution, combining that with some of the off-chain, more softer side of things, right? So the on-chain side of things will be, you know, for example,
you know, the S-Kaito holdings
and some of the derivatives.
You also have some of the AFT holdings.
But very interestingly,
and I think that more and more projects
will be doing this as well,
you can also combine that
with some of the off-chain elements,
which essentially represents,
for example, you know, YAPs, that's an off-chain social
element. We can also represent a lot of the YAPers who have been talking about and contributing
to the Kato ecosystem by contributing content to Kato ecosystem projects, but also at the
same time, some of the very cultural elements to it, right?
And I think that these things are very, very important, especially in crypto, because it's
not like a stock market.
There's a lot of kind of intangible assets in this space that are actually very, very
important for many people.
So I think that a system that recognizes all of that and blends everyone's contribution
into a holistic system has a lot of merit.
So in the future, you can think about the world where right now, for example, most of the Kaito ecosystem benefits are going directly to S-Kaito holders. But
in the future, it could be much more diverse, right? And we can be much more nimble in terms
of how we want to direct some of the incentives, how we want to think about things holistically. And essentially, GKITO will serve that purpose.
Makes sense.
Okay, so GKITO basically is a more holistic kind of way of measuring people's involvement
in InfoFi or Kaido in general, which goes beyond, as you mentioned, YAPS, holding the
token, holding the NFTs.
By the way, for people in the audience, if you have questions, we'll go to some community
questions somewhere in the second half of the space.
So if you have questions, feel free to drop them in the bottom right corner.
Like in which video space if you haven't already.
To reset the room real quick, we have the Kaido team on today to talk a little bit about
the state of InfoFi and all the new stuff that
Kaido released recently. We already talked about GKaido, about what you think about the general
kind of trajectory of InfoFi at the moment. Next up is what has probably been the talk of town
within InfoFi in the last few days, certainly today, which is the Kaido Capital Launchpad.
So, you, maybe before we go into the details,
could you give us a brief intro for the people who didn't pay attention,
a brief intro into what the Capital Launchpad is
and why you started it in the first place?
Yeah, so Capital Launchpad is basically a place
where community members can invest in projects directly through the platform.
And the reason why we have been thinking about doing that, actually, this has been for a while, because pre-Kaito TG, we actually thought about raising a public round.
But at the time, there was no existing solutions
in the market that could really do what we wanted to do
because we don't think that we want,
we don't think that we wanted a first come first serve
sort of sale.
We also didn't want sort of a,
because basically there are two automated processes, right?
When it comes to kind of raising capital,
one is just first come first serve,
which is very similar to the pump.fund one.
Basically like whoever's clicked the fastest on,
for example, by a bit,
we essentially get allocations to pump.fund.
But the other one is you basically,
everyone sends fund,
and then based on how many times oversubscribed,
you essentially get to subscribe on a priorized amount.
We didn't want any of the two because we believe that token distribution
is so important from the perspective of who gets the token,
not necessarily from the perspective of, for example,
you're just raising a round,
then you only basically look at the money that you raise.
So we thought about doing that pre-Kaizu TGE, didn't go ahead because there was no solution in the market that could really satisfy that.
satisfied that. And then post-TG that became obvious work for us to do because, you know,
all our clients and project teams that we, that we partner with have a huge demand in terms of
aligning interest with people in the ecosystem that have been very, very actively participating.
You can think about that as in one way is obviously rewarding
people who have been creating content, yapping, participating, using product. But another
way is also to have some sort of long-term alignment. And I think that over time this
has become more and more obvious. If I think about the Pump.Farm process,
the thing that I think heard some of the community members
of the Pump.Farm Solana ecosystem
was some of the people have been using the product
for almost two years.
But when it comes to an oversubscribed community round,
they could not get any allocation.
And I think that for any founders
who've been building in the space,
that mechanism just doesn't make sense.
Because any founder would essentially prefer
to be allocating to people who have been using your product for a long period of time, who have been supporting the ecosystem for a long period of time.
And most likely going to be, you know, essentially contributing the money back to the ecosystem again, which I think is what the hyperliquid ecosystem has done very, very well on.
So I think that we wanted to come up with a whole new mechanism
that allows public sale to be much more surgical and much more data-driven.
And I think that that's going to be the future of,
especially in a world where VC funding is drying up and a lot of the kind of the projects
are thinking about raising directly from the community, there's a return of all the whole
kind of ICO era coming back. I think the data-driven approach will lead the whole matter to the next phase because it's not about just you
know having the most mercenary capital going for a quick flip at the TGE it's
really about how you optimize the allocation if as long as you have a
cover oversubscribed around right so that's that's really where we come in
and so that's the kind of the essence of Capital Launchpad.
So think about that as a data-driven ICO.
And one thing that's very unique about this process is
the nature of the Capital Launchpad is
the Kytos Capital Launchpad is probably the only Capital Launchpad
that's fully owned by the community because
And we published this in our FAQ as well
Every dollar that we make from the capital launchpad
So which has the project in terms of you know
Two and a half percent in terms of the dollar raise and two a half percent in stable and 2.5% in terms of the tokens.
And all the tokens are essentially redistributed back to the community.
So everyone within the Kaiser community can essentially be benefiting from that,
regardless of whether people are directly participating or not.
And this is the value that we generate, and this is the most community-centric way
that we're thinking about doing the community launchpad.
Amazing. By the way, for the audience,
I just posted a poll in the replies.
If you go to bottom right corner,
if you allocated any money to one of
the first two Kaido launchpad projects yet,
if you're in a space, please go there.
Bottom right corner, second treat and vote.
Would love to get some community feedback here on the perception.
That would actually be my next question.
So obviously I won't ask you to comment on any of the launches
in particular on the terms.
But I think a question that came up a lot,
especially after the Espresso round,
is how does the curation work for the projects
that get listed there?
Again, obviously you don't have to recommend
or speak against any of the projects listed,
but is it like,
do they basically submit the terms to Kaido and you are just a middleman
to list it is there some back and forth between the projects and you as a platform how does the
curation work? Yeah that's a good point and I think that obviously this is a new is a new
platform right so we're also kind of uh uh experiment in in terms of a lot of the
different terms and there are a wide range of different terms being submitted
and typically always goes through a bit of a back and forth because and this is
not just for capital launchpad to be honest is also for for example yeah
palatable kai to earn and some of the other stuff.
We actually work very closely with most of the project teams.
And so, you know, typically, for example, for the Yapolidobor process,
a lot of the project teams will be asking for our views
in terms of how they want to be running certain campaigns,
how to activate certain
regional, you know, yappers and stuff like that.
And we'll always kind of give our views here.
And this is no different than Capital Launchpad.
We'll always give our views in terms of what we think the market wants.
And I'll say that projects, every project is also different, right?
So there's no sort of one-size-fits-all solution here.
As a platform, we're not forcing everyone to have exactly the same term.
But our principle is all the projects that we list will be with the preferential terms
versus what it did in the past.
And that's kind of the principle of the platform
because we want to be bringing deals
that are more kind of preferential
because the whole idea is
the thing is going to be data-driven, right?
So in a data-driven round,
our sweet spot is really that
we can make the round oversubscribed.
And then when the round becomes oversubscribed,
then it's all about data curation that comes in there.
And the data curation can essentially help the project teams
choose the best people that they want to let into the round.
So that becomes the flywheel.
So the project teams are happy to essentially set some of the preferential terms,
knowing that they will have high-quality people come in,
but also knowing that they will have control in terms of who, for example,
they can resonate with and who have historically been sort of contributing to the ecosystem, right?
So many of the projects that we work with, they already have an existing community.
They have the people who are holding their existing NFT and all that kind of stuff
so that they can prioritize these people in terms of either allocation or that kind of stuff.
So that becomes a flywheel.
So we list projects with preferential terms,
try our best in terms of making the round oversubscribed
and then leveraging our data capabilities
to essentially optimize the allocation
so that the best quality people can essentially get
more allocation or help the project teams optimize
the people that they bring to the round.
So that's the whole idea.
So when you look at the first two projects that were listed, and by the way, there's
a long list of projects, I would say double digit in terms of submissions and really
kind of a huge interest in terms of being listed on Kayato
and all preparing for some of the very good terms
for the ecosystem.
And if you look at for example,
Expresso, they raised ACCZ round at 600 million
and then they're raising here at 400 million.
Obviously, there are market feedback
in terms of whether, whether, you know, there
is market preference for shorter unlock or that kind of stuff.
That is also because that some of the goalpost has been changing on a real time basis, right?
So you've seen pumped up on you've seen, you've seen plasma and you've seen a lot of these
newer deals.
So that has shifted some of the goalposts.
But one thing that did not change is that was at a much more favorable sort of terms versus ACCNZ,
being that it's kind of a lower valuation, much quicker unlock.
Similarly for Theoric, they were raising at $75 million,
and last one was $150.
And it was only a couple months ago.
And they also just kind of changed the vesting schedule
to be fully unlocked at TGE.
So it's way more favorable than what they were otherwise being prepared to essentially offer.
So this is only exclusive on the Kaito Capital Launchpad because they know that here they can get the best people
and that we can leverage our data infrastructure and analytics to essentially optimize and get them the best people.
analytics to essentially optimize and get them the best people.
Actually, while we're talking about this, I see that they're just, uh, uh,
oversubscribed so that they're having more than 2 million now. Um, but yeah,
I mean that, that's the whole, that's the whole idea.
And I think that that flywheel can really be spinning so that the more and more
projects wanting to be listed here and then that's going to
be positively impacting the space because you know we're moving away from some of the most
primitive token diffusion mechanism which is you know basically based on you know, basically based on, you know, first come, first serve or some of the very, very, you know,
primitive mechanism. So something that's much more holistic, much more nuanced and much more data-driven.
And I think that that's, you know, that's kind of a move in the right direction.
Yeah, I just have the launch pad open on my laptop. So Theoric crossed the 2 million mark.
I guess we went up after they announced 100% TG unlock up from I think 25% before.
Espresso at 600,000 out of the 4 million they're targeting. So just before I hand it to shift,
a quick comment because that's a question i i saw
a lot that doesn't mean that people can't allocate anymore right they basically have three hours and
three days and 20 hours still time to allocate even though the two million target has already
been raised and basically the allocation will be determined later based on yeah kind of few metrics
uh within the within the Kytool, correct?
Yes, that's right.
So people can still pledge.
We're probably going to be checking with the team
in terms of whether there's more appetite
in terms of upsizing the round and stuff like that.
But yeah, I mean, so people can still pledge,
but essentially we'll be running analytics
in terms of who pledged early, but also at the same time, who's of higher quality, who has done more to the ecosystem.
There's kind of a whole different analysis that we're doing.
It's almost like running an airdrop analysis, but we're applying the airdrop analysis to the allocation of a capital launch pad.
And that's really kind of the essence of the mechanism there.
Very cool.
We'll hand it to Shif.
I think we have a few more questions, kind of like broader Kaido ecosystem.
Shif, take it away.
Yeah.
If you guys are obviously on the panel, love for you guys to raise your hands up.
If you have any questions, we'll get around to them in a second. But I do want to pivot the conversation slightly.
I did mention earlier that we're seeing this massive rally up in NFTs.
It's great to see our JPEGs are finally catching some bids and love again.
That being said, you guys also have a NFT collection.
And there's a few holders that have complained about the lack of benefits to the the yappy barras uh which also gets reflected in the current floor price uh there's been a few
promises surrounding them uh but feel like since the first kai to airdrop they didn't get as much
attention as people hope uh what do you kind of see uh i guess like in the near future um happening
with the collection some stuff around it it. Love to hear about it.
Yeah, it's a good question.
I mean, the Yapivera collection has always been something that we put a lot of focus on.
But the focus that, as we've always been saying,
is that, you know, because TASA is probably one of the rare projects that essentially post-TGE still put a lot of focus on some of the kind of a pre-TGE collection, which is typically quite rare if you think about some of the other projects. The reason why is within that culture is very important, and especially
in crypto. And the NFT collection also represents the first on-chain footprint. And we also
have a lot of the... Historically, Kaito has been in the space for three years,
and we have had a lot of early users being kind of using the institutional platform
or some of the analytics platform.
So they've been very, very loyal to the Kaito ecosystem.
A lot of them are basically diamond-handing the Yappie Barra collection.
So the community is very, very important to us
because it represents both the OG community,
but also the culture layer of Kaito.
What we don't want to do is, because we do have a token,
we don't want confusion in terms of what represents what.
So from the beginning, we've been very, very clear in terms of, look, the token is going to be representing the ownership of the network
because over time we'll get increasingly decentralized and governance is going to be based on the token.
And ownership obviously comes with some of the direct utilities
of all the stuff that we're doing.
But we do want to build a culture layer around Yappie Barra.
And that has been very consistent in terms of what I've been saying
and what we have been designing around the mechanism and all that kind of stuff.
I think because the history of Yapibara has gone through certain periods where certain people, for
example, projects have airdropped some of the stuff to Yappie Barra holders.
So there was, I think, some sort of expectation buildup in terms of whether there's going
to be future airdrops and all that kind of stuff.
And whatever this sort of expectation is always, you know,
potentially a disappointment in terms of, oh,
it seems that there's been a while, there has been no airdrop,
stuff like that, right?
So which is understandable.
But I think that from our perspective, we remain committed
and we remain very keen on kind of building this to be the cultural side of things.
So we've been actually putting a lot of work in terms of building the stickers that's actually been widely used.
used I've kind of personally kind of obviously I changed from a punk profile
picture it's a yappie pop a profile picture making that as my identity and
you know all of the kind of the kaito team members are kind of embracing that
we've kind of been making a lot of the sticker pad with each of the client that
we have so it's it's always gonna a very important part of who we are.
It's always going to be a very important part of the culture side of things.
And I think that if anything, there's even newer mechanism that we just introduced.
So if you think about GKITO, that's explicitly incorporating some of the cultural element to the whole ecosystem.
So I actually think that, you know, in the short term,
obviously people have expectations and speculations
and also kind of different movements and stuff.
But I think that from our perspective,
the goal and the messaging has been very coherent.
And I also think that, to be honest,
if people take a long-term view of the Yapi Bara and if people do some of the math there,
there is one mechanism, for example, being that Yapi Vara is going to be,
you know, acting as a reward multiplier.
So if you think about reward multiplier,
if you think about kind of a G-Kaito mechanism,
G-Kaito actually basically broadens the whole, you know, beneficiary coverage from just S-Kaito holders.
So a much broader set of people, right?
So it kind of starts to include general Yappers who may or may not be actively participating in any of the you know kaito ecosystem Yapp leaderboards or mail may not be holding
You know for example as title but still they will be making G kaito and
There will be kind of ecosystem yappers who may may or may not have as title and
Yappie bar is gonna be a reward multiplier for all of these
so the goal is really kind of a
you're making this as the cultural layer, but also at the same
time that making everyone to essentially eventually be wanting one. So that's kind of the goal.
And we're kind of doing our best in terms of, you know, building the culture, building the mechanism that makes that happen.
But I just don't want this to be that people, you know,
confuses the Yappie Barrel collection with the token
because it does represent different things.
And we want this to be very, very clear.
Yeah, I think that's where some of the confusion
that Shiv mentioned came from.
That I think dollar for dollar, and I think that's where some of the confusion that Shiv mentioned came from.
That I think dollar for dollar, and I think that's a fair point, there probably have been more Yapp rewards for Kytos, for the same amount of holding S-Kytos versus holding a Yappie bar NFT.
At least in the last few weeks, it felt like that.
But thank you for clarifying that. So ladies and gentlemen, what are we going to do? I have one more question for you
and then we'll do a quick fire with community questions.
So you, I actually don't know if I'm allowed to ask this
but I think on behalf of everyone in this space
will there be another Keitel airdrop at some point?
This reminds me of the Pump.fun stream.
So I hope that this is not...
Everyone's looking at the charts right now as you speak.
No pressure.
I gotta say we're in a different position though.
We have done one of the largest airdrops.
But obviously stuff like this is market moving.
We're not going to be able know comment anything on the on the
space today okay so what you're basically saying is what did Ellen say on the
space there will be but it's in the not too near future so like that that's my
interpretation you don't have to comment on that so you I don't know if you're
ready for a few quickfire questions
maybe we do can do one sentence max so we get through uh a lot of them because we received a
lot of questions uh under the post earlier so or actually shift us over hand up do you want to
do one before we go yeah yeah yeah i got a quick question i feel like this is the most common
question that i've been receiving and been hearing on Spaces and whatnot.
Is there such a thing as yap jail?
I see a lot of creators being like,
hey, I'm in yap jail right now.
Either their content sucks or they're actually in yap jail.
If you want to clear that up.
Yeah, I mean, you do realize that some of the people
are saying that they're in yap jail
just to get other people to engage with them. So we've seen a lot of instances like that.
But I think that for YAPs currently, so I've actually said this in the mechanism that we
talked about on Monday, and I think that it will be with actually up until this point we
have never implemented a slashing mechanism for yaps right so I think that
in the future they could be because I think that for any sort of incentive
mechanism there also needs to be disincentive mechanism to essentially
protect the good guys who have
been doing all the right things.
And I think that, but we'll obviously do that in a very, you know, we're very conscious
in terms of the psychological impact on people, because I think that up until this point,
most of the farming has been on the YAP leaderboard rather than on YAPs.
There are obviously still kind of a farming on YAPs.
But I think that as we implement the reputation threshold, there's going to be more pressure that's going to be shifted towards YAPs.
So that's why I think that it will be necessary for us to essentially have this incentive
mechanism to essentially encourage this incentive mechanism to
essentially encourage people to be thinking more long term. So I think that's necessary mechanism
that we're going to be thinking there. Amazing. All right. So we got a few community questions.
As I said, if you can, one sentence max so we can go through a lot of them. First question by
Diego Armando asking uh when we
will see instagram and tiktok mind your leaderboards yeah so our goal our goal is is this quarter and
and i think that the goal is overall speaking each tool is all about social media platform expansion. And I think that some of
the most important ones are TikTok, YouTube, and at the same time, live streaming platforms.
So I think that these three are going to be the most important, but also at the same time,
we're going to be expanding to Instagram plus some some of the regional ones as well some of the regional uh for example some of the you know Chinese social media stuff like that they're
also important so but I mean long story short that's the biggest focus for H2 and for Q3 we're
already going to be launching some of the social media platforms amazing Alec asking uh what's the
long-term vision for the holder batches and I'm adding there what is more important, the holder batch or the total amount of SKY to hold?
But I guess the holder batch depends on how much people got in the first airdrop.
Yeah, I mean, we can't comment too much on that, but to be honest that what has not been publicized is actually for a lot of
the partner airdrops in the past hodl hodl a badge actually played a role so
sometimes we did announce that for example I think there was some explicit
announcement by way found a team saying that I think was from a memory I think there was some explicit announcement by WayFounder team saying that I think it was,
from my memory, I think it was 30% multiplier in terms of the rewards there.
And it typically always has been kind of a playing a role,
but obviously at the project's discretion.
But I think that increasingly we see a lot of demand
in terms of rewarding people who have a holdover badge.
And as Kaya told, it's different in a way that obviously that represents the absolute holdings
and ownership of the network.
So obviously we're determining the upcoming GKITO mechanism,
we're determining the KITO ecosystem portion, the staker rewards, all that kind of stuff.
So one is proportional
and more of a multiplier,
and one is, I guess,
your absolute ownership of the network
and determines your staking rewards
and partner airdrop,
all that kind of stuff.
Very cool.
R2D2 and Achilles,
I will give you both a question, but please frame it in
a way that you can answer it as fast as the answer the last two ones. So R2D2, first of
you.
Thank you. Thank you. Very quick one. In regards to the Capital Launchpad, I'm seeing
people asking about KYC, would you mind explaining very quickly what's the fastest way for people to go and request support if they have any challenges?
But also, would you mind just briefly explaining in regards to the KYC, what is it that you're seeing happening next?
We know US folks, for example, have a bit of a barrier there.
Also, UK and some other regions.
Thank you. Yeah yeah good question so we actually have some of the jurisdiction restrictions laid out in the FAQ
section so very specifically as a platform we do allow accredited US investors to be joining.
So there's no issue actually for accredited US investors to be investing on Capital Launchpad.
Expresso actually made specific restrictions disallowing US investors in general.
So that's kind of a very project specific.
But Theric, for example, does allow
U.S. accredited U.S. investors essentially joining. So there are two layers of KYC here,
all kind of jurisdiction restrictions here. So one layer is as a platform, we do have to
essentially restrict sanctioned countries and unfortunately China as well.
And I think that's mostly it.
And obviously, you know, certain jurisdictions, we have to be kind of more careful,
which is, for example, U.S. will have to be, you know, people have to be accredited investors.
And then it will be kind of at the project level.
So project level will be saying that you know for example pump.fung will be saying okay us and uk are not allowed
because they just worry about certain uh you know regulatory risk uh so there's always the kind of
a platform level and a project level so but i think that you know that that has been the case
so if if people had any issues, people can email.
There is kind of a contact number that's a contact email that we have on the platform.
So people can very quickly just email us.
Perfect.
Achilles, again, quick question, please.
Thank you so much.
Thank you so much for the explanation.
Really thought answers. I had a question as well related to not KYC but the process for the projects on the Launchpad. To what extent basically Kaito performs any scrutiny on the previous rounds or previous numbers or anything that is shared by the project on the Launchpad launchpad page because I checked it out it's pretty comprehensive just wanted to know like to what extent do you guys get involved in this or you just like just post it or
what you do with the process thank you yeah so right now we're in the first
phase of the capital launchpad which means that we are mostly targeting projects who have
historically raised funding.
Then the vetting becomes relatively easy because they're mostly raised from VCs already.
Then they had a prior valuation that we can reference to.
They usually have a deck, all that kind of stuff, right?
So I think most of the time the i wouldn't be calling that
vetting but our criteria is are we bringing a good deal that is more preferential that uh that all
the you know for example the the previous round uh investors that are in the uh kind of in the
company that's kind of the criteria right now. And I think that as the platform evolves,
we are going to be bringing more community, sort of earlier stage community projects to
the platform. Then I think the whole process will be different. And I'm thinking about a process where people would essentially,
we want to decentralize the vetting in a way that people will be
kind of openly supporting the project and the project will be kind of going through a graduation phase or whatever.
So this is still kind of an ongoing process in terms of how we're thinking
about doing this. But essentially, that will be, so the vet thing would essentially be left
to the community. But naturally, it comes with more upside, right? And it probably comes with
some sort of preferential entry point for people who are willing to do the
work to essentially vet the project.
So there's a whole new mechanism that we're thinking about doing that.
But as for now, it's relatively straightforward in terms of we want to be bringing the deals
that represent a better value versus the last round.
And, you know, and typically these deals are also very community centric because they know that
people are getting better deals than the last round and then they have more wiggle room in terms of,
for example, there is a good example today being that they update to the vesting schedule to be fully unlocked at TGE, right?
So we're going to be seeing more project teams like that.
But also just bear in mind that the capital launch plan is not going to be something that, you know, everyone will be APing without doing any research, right?
So it's not going to be like every deal is going to be for everyone.
So it's going to be selective, which I think is healthy
because, you know, I tend to think that the best deals
are some of the heavily debated deals rather than, you know,
everyone will be thinking that this is a no-brainer, we're just trying to get in and stuff like that. Then over time, it
kind of, you know, it sort of loses the purpose because there needs to be kind of a self alignment
process. There needs to be some sort of filtering and it needs to be some sort of selection
there for that to be even interesting. So I think that as a platform, we're doing
our best in terms of bringing the best deals
and bringing
especially for the more community
centric deals
to our community, but also
to everyone on CT, obviously.
But I think that at the same time that people
should be exercising
caution in terms of, hey,
is this a good good deal it's not
just because that Kaiser for example you know Kaiser doesn't vet a deal right so
it's if anything that you know we're using a lot of reference points and so
that's kind of like the amount of I guess due diligence per se, or, you know, I guess, you know, the amount of the reference points that we check.
So I think that that's kind of a healthy situation.
It does require people to essentially pay more attention to the ecosystem, what they're doing,
whether, you know, people want to be long-term aligned with the project.
But yeah, I hope that kind of answers the question.
Very good.
Karma, I will give you the last question if you're fast with it.
We have one minute left.
We want to be very respectful of use time, so please go ahead.
Absolutely.
We'll skip the glazing.
Love you all.
When are the Kaito staking rewards distributed and how?
Because I haven't seen my balance move a single time since I ever staked.
Yeah, so it's actually distributed continuously.
So the mechanism is same as Athena.
So the way it works is once you stake your Kaito, so it converts the Kaito token to be SKaito.
So the SKaito token is not going to be changing.
But if you, for example, go to the UI and then you just type in the number of SKaito tokens that you have,
you see that that number will essentially convert to a higher KITO token than you originally had.
So it's basically accumulating on a continuous basis.
Amazing. I hope that answers the question, Karma.
Yu, thanks so much for coming on today.
Actually, one last question maybe.
I know you guys released a lot in the last few days alone,
but is there anything that you're looking forward to
that's about to be released?
I know, as I said, there's a lot of new things already,
but anything on your roadmap that you think you're really excited for?
So obviously there's a lot of mechanism that I talked about.
That's going to be the upcoming stuff.
There's a lot of good community feedback that we haven't been able to turn around and add to the portal.
That's going to come as well.
So for example, people have been suggesting can we add holding period for some of the stuff,
for the assets that they've been holding across that category for system a lot of the
Improvements that want to want to be doing but in terms of some of the big bucket stuff will be new mechanism
It will be kind of connect
It will be G kaito and it would be new social media platforms and it will be iterations to the capital launchpad
You know the kind of the mechanism that we just talked about currently is still basically on some of the you know I'll
say that maybe growth stage projects right so later you know later on it will
be kind of early stage projects good stuff if I see with hand up oh no mind
you kind of you kind of answered I i was going to say you know infify has really taken off over the past seven months but we've seen iterations of
it beforehand uh particularly with nft inspect uh was like the early kind of phase of what we have
now but obviously this is more refined and so it's nice to know what's coming up in the near future
i guess like one more thing to build on top of it you don't have to give too much of the source
away what excites you the most like down the line then there's a lot of moving components
but one thing like i'm really looking forward to this i think um i think from our perspective is
the two things that from a just like a you know i guess grand scheme of things that are most important for us.
One thing is this is sort of a becoming a sort of a multi-platform sort of algorithm.
And that's, you know, kind of leveling up the current level of analytics to a whole new level, right?
So going from kind of a text-based analytics to video and streaming and, you know, kind of a video content
and across different social media platforms, which has completely different reputation implications.
So that's kind of in the near term what I think will be fundamentally changing the business. And then over the long term, the most important thing is to replicate the business model outside
of crypto.
And I think that there is a very solid use case and chance for us to be doing that.
And I think
that percentage has drastically decreased, partly because a lot of the information is no longer
accessible on the open web. Some of the information is now hosted on Twitter, some of the information
is now hosted on YouTube and TikTok, Instagram, or all these different platforms. And because of the information is now hosted on YouTube and, you know, TikTok, Instagram, or all these different platforms.
And because of the prevalence of LLN, every single social media platform is becoming very restrictive in terms of data.
So entering a world where you basically have all these content island that is not talking to each other.
all these content island that is not talking to each other.
So really the kind of the grand vision of Kaiser over the very, very long term is we're
uniting all the creators and then we're indexing all the information across all the social
media that allows us to break through all the information silos and allow all the creators to essentially borrow reputation from across
all the social media platforms, not having to worry that their livelihood is basically
at the mercy of a single platform decision.
And we're becoming the best platform with the best analytics to essentially help
every single brand in the world to essentially distribute monetization opportunities across
platform. Precisely because none of the platforms will be talking to each other, but by directly
having that sort of connection with every single creator, we
can essentially do that job and index content across social media platforms.
So that's kind of the long term goal and long term vision.
We don't know whether that will come, but I think that we have a very good shot in terms
of first tackling that within crypto and then branching out to some of the adjacent verticals and then bringing that to be a much bigger
scale.
Let's go.
Good stuff.
As we said in the beginning of the space, InfoFi and Kydo itself is still very, very
new.
So excited to see where it goes the next few months and years.
So, Yuhu, again, thank you so much for taking time today.
It was really, really great to have you on and for answering.
We asked you a lot of questions, so thanks so much for answering all of them.
And, yeah, looking forward to what you will ship in the next few weeks and months.
Thank you so much for the support, and it's really nice to be here.
And I see there, obviously, a lot of interest from the community,
and I thank you for gathering everyone together and like I said always having
a open dialogue with everyone and appreciate all the you know obviously either appreciation,
criticism, constructive feedback, whatever we're always listening and we're spending a lot of time
on you know these days we're spending a lot of time on these days
we're spending majority of the time
obviously on building product
but we're also kind of
very conscious in terms of
the feedback that people have been putting
forward so I appreciate all of that
good stuff, thanks so much everyone for tuning in
we will be back maybe next week
we'll see
like and read through the space again.
Definitely tell us on the timeline
your key takeaways. We'd love to read them.
And we'll be back soon. Thanks everyone. Bye-bye.
Thanks everyone. Bye-bye.
