Kaspa Grew Without a VC Token Sale: Inside Its Fair-Launch Funding Model
- —DAGLabs raised $8 million led by Polychain Capital but received no KAS allocation after mining began
- —A crowdfunding campaign for DAGKnight research raised 70.23 million KAS, or 0.24% of max supply
- —The Crescendo hard fork on May 5, 2025 lifted block rate from 1 to 10 blocks per second at 100 ms
- —A Sept. 20 exploit in the Kasplex KRC-20 indexer drained 94–99.6% of two liquidity pools
Why it matters: With no treasury or VC backing, Kaspa depends on volunteers and grants, raising questions about the long-term sustainability of its roadmap.
Source: BSC News