Limitless raised a staggering 50 million dollars on the Kaito platform, exceeding 50 times and creating the most insane Token sale in the history of encryption.

The prediction market platform Limitless of the Base ecosystem has set a staggering record in the token sale event on the Kaito platform, raising over 50 million USD, an astonishing 50 times beyond the original target. This explosive financing achievement once again proves that despite market fluctuations, investors' enthusiasm for high-quality encryption projects remains high.

Limitless: From the Invisible Champion of the Base Ecosystem to the Financing Frenzy

Limitless has quietly become the largest prediction market platform in the Base ecosystem, with cryptocurrency and stock price trading volumes nearing 400 million dollars, demonstrating astonishing market appeal. The success of this company is not accidental—the founding team has an impressive background, and the founder's previously developed AI consumer product received support from a16z and achieved an astonishing record of 300 million downloads.

"The success of Limitless merges the innovation of the prediction market with the execution power of the team," commented a cryptocurrency analyst. "They are not just building products on the blockchain, but are truly addressing the pain points in the market prediction field."

Financing Journey: A Leap from 7 Million to 50 Million

Limitless's financing journey demonstrates investors' ongoing confidence in its vision:

The token sale on the Kaito platform initially set a target far below the final raised amount, but investor enthusiasm far exceeded expectations, resulting in an oversubscription of an astonishing 50 times. Such a level of oversubscription is also rare in the history of cryptocurrency, reflecting the market's extremely high expectations for Limitless's future potential.

Kaito platform Token sale details: crazy competition under strict thresholds

Limitless has set relatively strict participation criteria for the Token sale on the Kaito platform, but this has not dampened investors' enthusiasm:

Participation Requirements: Complete Kaito platform KYC certification and stake sKATIO greater than 5000 dollars.

Investment Limit: 1,000 to 250,000 USD

Token Unlocking Mechanism: 50% unlocked at TGE, the remaining 50% unlocked 6 months after TGE ends.

KYC Requirements: KYC must be completed, and KYC from mainland China cannot be passed.

Deadline: October 5, 2025

"This phased unlocking mechanism demonstrates the project's confidence in long-term development," said a Token economics expert. "The 50% initial unlocking balances the liquidity needs of early investors with the necessity to prevent large-scale sell-offs."

New Project Craze: Limitless is Just the Tip of the Iceberg

The successful financing of Limitless is not an isolated case, but rather part of the current wave of new projects in the encryption market. Recently, the Sonar platform under Echo has attracted widespread attention due to the unexpectedly high returns of the Plasma new project, and multiple new projects have been launched on various platforms, pushing the heat of the new project sector to new heights.

In addition to Limitless, there are two other highly discussed new projects in the market worth paying attention to:

1. Momentum: The liquidity engine of the Move ecosystem

Momentum is the centralized liquidity engine in the Move ecosystem, formerly known as Momentum Safe, providing solutions such as multi-signature fund management, token holding, and liquidity allocation. The project has completed $10 million in financing and is currently conducting liquidity provision activities on the Buidlpad platform, with a total TVL exceeding $220 million.

2. YieldBasis: A DeFi Innovation with Zero Impermanent Loss

YieldBasis, developed by Curve Finance founder Michael Egorov, aims to address the impermanent loss issue faced by liquidity providers. The project completed a $5 million funding round in February 2025, with a token valuation of $50 million. Currently, YieldBasis is conducting a token sale on platforms such as Legion, where participation in CEX follows a first-come, first-served basis, with a cap of $20 million.

Market Analysis: The Driving Factors Behind the New Project Craze

The successful financing of Limitless and other new projects reflects several key trends in the current encryption market:

Institutional Capital Reflow: Traditional venture capital and professional crypto investment institutions are actively seeking high-quality projects, and the participation of well-known institutions is clear evidence.

Practicality First: Unlike past speculative projects, investors now prefer projects with practical application scenarios and proven market demand.

Cross-Ecosystem Expansion: Successful projects are expanding across multiple blockchain ecosystems, such as Limitless on Base, Momentum on Move, YieldBasis on Ethereum, etc.

The Importance of Founding Team Background is Increasing: Teams with successful entrepreneurial experience are more likely to gain investors' trust, such as the successful experience of the AI product from Limitless's founder and the Curve Finance background of YieldBasis's founder.

"We are witnessing the maturation of investment logic in the encryption market," said a crypto venture capital fund manager. "Investors are no longer merely chasing concepts and hype, but are paying more attention to team execution, product-market fit, and sustainable token economic models."

Conclusion: The Beginning of a New Wave of Encryption Innovation?

Limitless's astonishing performance of 50x over-subscription on the Kaito platform may mark the beginning of a new wave of innovation in the encryption market. With the improvement of infrastructure and the increase in institutional participation, high-quality projects are receiving unprecedented financial support.

For investors, this is both an opportunity and a challenge. On one hand, early participation in quality projects may bring considerable returns; on the other hand, the surge in project numbers also increases the difficulty of discernment. In this environment, in-depth research into project backgrounds, team experience, and practical application scenarios becomes particularly important.

The development of projects such as Limitless, Momentum, and YieldBasis will serve as an important window to observe this emerging trend. As they transition from the financing stage to product development and market expansion, the market will further test whether they can fulfill the promises and expectations made during the financing.