Kaito will launch Web3 crowdfunding platform Capital Launchpad this week

According to The Block, AI driven Web3 data provider Kaito announced the launch of a new fundraising platform called Capital Launchpad this week. The platform will allow users to participate in token private equity and new project investments, using an allocation mechanism based on indicators such as social reputation and on chain holdings, replacing the traditional first come, first served model. Yu Hu, founder of the platform and former hedge fund manager of Citadel, stated that the project party can independently set financing terms, including investment amount, valuation, and lock up period, and can review investor qualifications and allocate quotas in stages. Kaito emphasized that the platform is a natural extension of its mission to become a distribution center in the field of encryption. The newly launched Launchpad is similar in functionality to the Echo platform founded by renowned trader Cobie, marking a further expansion of the company's business scope.