Initially 1 Kaito Yap / 1000 vote power went for for ~2 OTC This "baseline" of Kaito votes value was also the peak The value of votes can only go down over time Here is why: 1/ Past Demand The initial demand for Kaito leaderboard spots was higher than ever 2/ Potential EV for leaderboard spots is unclear Its currently unclear if it's +EV medium to long term for projects to spend marketing dollars to bribe for votes for a leaderboard spot 3/ Yaps/points/votes dilution As more Yaps are distributed the value of Yaps and votes are naturally worth less as the total pool is now larger Unless the "bid price" for a Yap/vote can progressively increase to meet this "inflation" the ask/sell price for a yap/vote will naturally go down as seller compete for the most competitive price 4/ Currently a inefficient market There is no automated or fast way to sell your voting power OTC currently As a "whales market like" platforms start to emerge + the amount of yaps/votes for sale start to increase (especially for the top 100 accounts) It will become more cost efficient for project to "bribe for votes" in large quantities at a bulk discount from larger accounts opposed to paying a "premium" to pay for the same amount of votes cumulatively across multiple accounts 5/ What does mean going forward Is voting power useless now? Not exactly just instead of raw $ = vote power now its going to be up to projects to find creative user incentive benefits for voters Ex have min X amount of voting power for our project or being in top X of all voters = some sort of internal ecosystem benefit which (ideally for the user) ties back into some form of monetary reward in the future