Kaito Treasure Hunting Guide: Which Pre-TGE projects are "bulls" and which are "losers"?

Original: DeFi Warhol, Crypto KOL

Compiled by: Yuliya, PANews

With the Kaito ecosystem thriving, numerous projects are emerging like mushrooms after the rain, dazzling to behold. Which ones are truly value opportunities, and which are hidden traps? The author of this article, DeFi Warhol, will provide a clear "gold mining map" that categorizes them into three levels based on core indicators such as project fundamentals, community incentives, and market prospects: "bullish" for those with huge potential, "consolidating" for those with unclear prospects, and "bearish" for those with higher risks. Below is the original text of the article, compiled by PANews, representing only the author's personal views and not constituting any investment advice. DYOR.

has great potential

INFINIT: This project has solid fundamentals, possesses truly usable products, and is elevating DeFAI to a new level. Currently, 0.5% of the IN token supply has been allocated to yappers (users participating in tasks or community interactions).

Lombard: A leading BTCfi project, with core metrics showing exponential growth. The project has set up a reward pool of $1 million to $5 million, with plans to distribute it by the end of the year.

Infinex: A leading DeFi super application built around chain abstraction and a user experience akin to centralized exchanges. Approximately $6 million in rewards have been allocated to yappers.

Caldera: One of the most active actual builders in the Rollup space, with a current TVL exceeding 1 billion USD. A Kaito rewards program is expected to launch soon.

Openledger: A leading AI network that drives community co-creation of data and AI models. The project has allocated 2 million USD worth of OPEN tokens for community rewards.

unclear prospects

Hana: The project vision is good, but the execution progress is still lagging. On the other hand, the 1.5% yapper allocation is quite considerable, and the competition in the market is not very intense at the moment.

Mitosis: Focused on the liquidity sector, but this segment has become highly crowded. Whether it can break through largely depends on the project's execution capabilities. Currently not part of the Kaito Earn program.

Mira: Building a trust layer for AI, the competition in the field is fierce and the market has become saturated. The project team allocated 0.5% of the token supply to yappers.

0G Labs: Currently the largest decentralized AI ecosystem, the project's fundamentals are very strong; however, its popularity is too high and competition is too intense, making it difficult for new users to participate. In addition, the project has not yet launched any reward activities on Kaito Earn.

Camp Network: The vision and products are good, but it also faces issues of overcrowding and excessive farming. They are allocating 0.25% of the CAMP token supply and a monthly reward of $40,000 to yappers.

high risk

MemeX: Holds a pessimistic attitude towards memecoins and memecoin issuance platforms; this narrative needs to exit the stage.

Puffpaw: The fundamentals are weak, user value and distribution channels are limited, and it is essentially just an "e-cigarette store."

Lumiterra: The GameFi sector is currently still in a weak and underutilized state, with relatively low potential returns on investment.

Monad: Monad is one of the most anticipated projects at present, with very high market expectations for it. The outcome of this project is likely to be the next Hyperliquid or ZKSync, with a tendency towards the latter.