The first batch of projects on the KAITO Launchpad, @TheoriqAI and @EspressoSys, have completed their subscription phase, with a total stake of approximately 84 million USD, both of which were oversubscribed 🥳

Now entering the review stage, the team will decide on the allocation based on various factors, including social reputation, on-chain holdings (not limited to Kaito holdings), historical consistency/relevance with the project and related fields, subscription willingness, stake amount, and even geography.

This is the stage where the project party selects candidates, considering their overall contributions and past experiences. What is the situation regarding the region? Do Western countries offer more? Or do poorer areas provide more to help you turn your life around? 🤣 If not selected, the staked amount will be refunded through the original route.

Espresso: The distribution results will be announced on July 31, and the distribution phase will end on August 4.
Theoriq: The distribution results will be announced on August 5th, with no allocation phase, as the stake amount has already exceeded the target.