The founder of Kaito has used personal funds to purchase 1 million KAITO and locked them up, becoming the second largest staker on the chain
ChainCatcher news, Kaito AI founder Yu Hu stated on social media that in the past few days he has used his own funds to purchase 1 million KAITO (approximately 1.4 million USD), and has locked them all, making him the second largest KAITO staker on the chain.
He also set a self-locking mechanism based on Kaito protocol revenue: 50% will be unlocked when the protocol revenue reaches 50 million USD, and 100% will be unlocked when it reaches 100 million USD. Yu Hu will elaborate on his operational motives and views on Kaito's long-term development tomorrow.
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