From Potential Stocks to Scamcoins: A Comprehensive Look at the Pros and Cons of Pre-TGE Projects

Original text: DeFi Warhol, crypto KOL

Compiled by: Yuliya, PANews

With the Kaito ecosystem thriving, numerous projects have emerged like mushrooms after rain, dazzling to the eyes. Which ones are truly undervalued, and which ones are hidden traps? The author of this article, DeFi Warhol, will provide a clear “gold mining map,” categorizing them into three levels based on core indicators such as project fundamentals, community incentives, and market prospects: the highly promising “bull,” the uncertain “consolidation,” and the higher-risk “bear.” Below is the original text of the article, which has been compiled by PANews and represents the author’s personal views, not any investment advice. DYOR.

has great potential

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

Lombard: A leading BTCfi project with core metrics growing exponentially. The project has set up a reward pool of $1 million to $5 million, which is planned to be distributed by the end of the year.

Infinex: A leading DeFi super application built around chain abstraction and a centralized exchange-like user experience. Approximately $6 million in rewards have been allocated for yappers.

Caldera: One of the most active builders in the Rollup space, with a current TVL exceeding $1 billion. 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 team has allocated $2 million 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, a 1.5% yapper allocation is quite considerable, and the competition in the market is not very fierce at the moment.

Mitosis: Focused on the liquidity sector, but this niche is already highly crowded. Whether it can break through ultimately depends largely on project execution. Currently, it has not joined 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, with a strong project foundation. However, its popularity is too high and competition is too fierce, making it difficult for new users to participate. In addition, the project has not yet launched reward activities on Kaito Earn.

Camp Network: The vision and products are good, but it also faces issues of overcrowding and excessive exploitation. A distribution of 0.25% of the CAMP token supply and a monthly reward of $40,000 is being allocated to yappers.

High risk

MemeX: Holding 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, essentially just an “electronic cigarette store”.

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

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