Competitive Landscape - Kaito's launchpad future is potentially threatened by Cookie's ACM in partnership with Legion [1] - Kaito faced negative feedback on its first sale, Espresso, due to high valuation and long vesting period [1] - Theoriq, Kaito's subsequent project, was better received due to lower valuation and shorter vesting [1] - Cookie's project, Almanak, falls into the same DeFi agent category as Theoriq [2] Valuation and Fundraising - Almanak has a $75 million (and $90 million) fully diluted valuation (FDV) and is fully unlocked at TGE [2] - Theoriq has a $75 million FDV with a vesting schedule of 25% unlock at TGE, 375% after 12 months, and 375% linearly over months 13–24 [2] - Almanak is raising approximately $2 million [2] Launchpad Platform - Legion has helped over 10 teams raise over $22 million, giving Almanak an edge over Kaito's in-house launchpad [2]
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Ivan on Tech 🍳📈💰·2025-07-25 12:26