OpenMind, a leader in the robotics industry, is set to launch its native token, ROBO, on the Kaito platform with a fully diluted valuation (FDV) of $400 million. The token sale is scheduled for January 26 at 8:00 PM Beijing Time, offering 0.5% of the total ROBO supply. The sale aims to raise $2 million, with purchase limits set between $1,000 and $250,000 per address.
OpenMind, founded by Stanford professor Jan Liphardt, focuses on creating a decentralized network for intelligent machines. The company has strong ties with the Fabric Foundation, which oversees the Fabric protocol's governance and development. The ROBO token sale will allocate 40% of its offering to priority community members, with the remaining 60% available to the public. Despite backing from major investors like Pantera Capital and Coinbase Ventures, the high initial valuation raises concerns about potential selling pressure at the Token Generation Event (TGE).
OpenMind's ROBO Token to Launch on Kaito with $400M Valuation
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