Boundless, which raised $54 million in financing, stirred controversy by choosing Kaito for its token sale.

Written by: Asher (@Asher_ 0210), Odaily

Yesterday, Boundless, which raised $54 million, officially announced its token economic model, allocating 6% for community sales and airdrop distribution. In addition, it was recently announced that the community token sale will begin on August 25 on the Kaito Capital Launchpad. Community members who participate in the mainnet testnet and achieve bronze, silver, gold, or diamond levels will be eligible for priority allocation in the sale, with specific sales details to be announced by Kaito.

Next, Odaily will take everyone on a deep dive into Boundless, which is highly anticipated by the "hair pulling party", including project introduction, token model, community sales, and more.

Project Introduction

Boundless can be defined as "the native modular execution layer of Ethereum," a positioning that subtly implies a paradigm shift in blockchain architecture. Just as cloud computing disassembles data centers into different layers, Boundless is splitting ZK proofs into pluggable components:

ZK Mining Market: Drawing on the competitive mechanism of Bitcoin PoW, but replacing hash collisions with proof generation to eliminate energy waste;

Verification as a Service: Just as AWS Lambda abstracts server management, developers do not need to build their own verification nodes;

Cross-chain execution layer: Similar to the HTTP protocol unifying internet communication, Boundless becomes a ZK co-processor shared by multiple chains.

Currently, more than 30 teams plan to build and deploy applications on Boundless.

Regarding financing, Boundless is a project under RISC Zero, and to date, RISC Zero has raised 54 million dollars.

On July 16, Boundless announced on platform X that the mainnet Beta version is now live. Completing related tasks will grant access to the Boundless token sale whitelist and additional token rewards. The tasks are divided into four levels: Bronze, Silver, Gold, and Diamond.

Token economic model: Community sales and airdrops account for a total of 6%, with the airdrop portion being 100% unlocked at TGE.

According to the official documentation, Boundless is about to launch its native token ZKC, with an initial total supply of 1 billion tokens, distributed as follows:

Ecosystem Growth: 49% of the total supply. Of this, 31% will be allocated to the ecosystem fund, held by the Boundless Foundation, with 25% of this portion locked for 1 year, and the remaining 75% will be unlocked monthly in equal installments over the next 24 months, until fully unlocked by the end of the 3rd year;

Strategic Growth Fund: accounting for 18% of the total supply, it is used for enterprise integration, business development, and institutional-level proof-of-stake access. This portion of the tokens will be gradually unlocked over a period of 12 months.

Core team and early contributors: 23.5% of the total supply. Of this, 20% of the tokens are allocated to the core development team and early contributors who brought Boundless from concept to mainnet. An additional 3.5% is allocated to RISC Zero, the company that initially incubated Boundless, with the unlocking rules consistent with those of the ecosystem fund.

Community Token Sale and Airdrop: 6% of the total supply, rewards for early contributors including validators and Kaito Yappers. Community sale tokens will unlock 50% at TGE, with the remaining 50% unlocking 6 months later, and airdrop tokens will unlock 100% at TGE.

Investors: 21.5% of the total supply will be locked for 1 year, and the remaining 75% will be unlocked in equal monthly installments over the next 24 months, until the unlocking is completed by the end of the 3rd year.

ZKC token model

In addition, after the TGE, the inflation rate of the tokens in the first year is 7%. Thereafter, the inflation rate will gradually decrease each year, reaching 3% by the eighth year, and then maintaining an inflation rate of 3% each year thereafter.

According to feedback from multiple community members, the specific allocation for the community sale and airdrop with a total of 6% is as follows:

Kaito Ranking:占 0.25%；

S1 Incentive Prover: Accounts for 0.5%;

The remaining 5.25% will be used for token sales, S2 incentive validators, testnet/mainnet validators, Discord roles, and community participation, etc. (The specific allocation ratio of this 5.25% is currently unclear).

The community token sale will start on August 25 at the Kaito Capital Launchpad.

Currently, the Boundless mainnet Beta version's tasks for the four levels of bronze, silver, gold, and diamond have concluded. Participants who engaged previously can check their account ranking and other information (link:

Mainnet Beta version diamond address diagram

As the community token sale will start on August 25th on the Kaito Capital Launchpad, eligible participants need to complete identity verification on the Kaito platform.

Need to bind X account + KYC certification, multi-account users "lost a lot".

After Boundless announced the token model yesterday, although the "hair-pulling party" had some complaints about the low proportion of tokens allocated for airdrops, there is still a great expectation for the launch of such a high-financing and high-profile project. However, after Boundless announced today that it would conduct the token sale on the Kaito platform, the community's response showed a noticeable negative sentiment.

There are two main reasons. First, the Kaito platform requires users to bind their addresses to the X account, which causes great confusion for those "holding dozens or even hundreds of gold or diamond level multiple accounts." Second, the accounts participating in Kaito's token sale need to undergo KYC verification, but KYC verification is not supported in many countries and regions, and KYC identities from China cannot be used, which has left the vast majority of community members who were originally looking forward to participating feeling disappointed and dissatisfied.

As for the specific details of the token sale, we can only wait for further announcements from the Kaito official.