200x Oversubscribed Limitless Token Sale Leaves 32K Investors With Meager Allotments

The Limitless (LMTS) token sale on the Kaito platform concluded on October 5, 2025, with a total subscription amount of $200.96 million, representing a 200x oversubscription of the $1 million fundraising targetLimitless (LMTS) Token Sale on Kaito Launchpad^[1]. Participants submitted bids ranging from $1,000 to $250,000, with 32,186 individuals participating in the sale. Despite the overwhelming demand, the average allocation rate was less than 0.5% of requested amounts, with participants receiving an average of 31 USDC and a median of 10 USDCKaito AI releases the Limitless public sale allocation plan^[2]. This allocation structure, prioritizing core users and active traders in Tier 1, reflects a strategic effort to reward engaged community membersLimitless Community Sale on Kaito Oversubscribed by 200 Times^[3].

The token sale priced LMTS at $0.05 USDT, offering 20 million tokens-1.33% of the total supply-with a fully diluted valuation (FDV) of $75 millionLimitless (LMTS) Token Sale on Kaito Launchpad^[1]. The offering's success underscores a broader resurgence in on-chain token sales in 2025, driven by regulatory clarity and investor confidence in transparent frameworksLimitless Community Sale on Kaito Oversubscribed by 200 Times^[3]. Limitless, a decentralized prediction market platform built on Ethereum's Base layer, leverages a Central Limit Order Book (CLOB) architecture to facilitate fast, liquid trading on short-term asset price volatilityLimitless (LMTS) Token Sale on Kaito Launchpad^[1]. This approach diverges from traditional AMM models, enabling direct "Yes/No" outcome shares akin to binary optionsLimitless Community Sale on Kaito Oversubscribed by 200 Times^[3].

Institutional backing has further solidified Limitless's credibility. The project has secured $7 million in funding, including a $4 million strategic round led by Coinbase Ventures, 1confirmation, and Arthur Hayes' MaelstromLimitless (LMTS) Token Sale on Kaito Launchpad^[1]. Additional investors include Collider Ventures, Node Capital, and Punk DAO, reflecting strong alignment with DeFi and crypto-native venture ecosystemsLimitless Community Sale on Kaito Oversubscribed by 200 Times^[3]. The platform's team, comprising founders with backgrounds in Gitcoin, Reface, and Witnet, has emphasized technical innovation and social trading mechanics to attract a hybrid audience of traders and creatorsLimitless (LMTS) Token Sale on Kaito Launchpad^[1].

Market adoption metrics highlight Limitless's rapid growth. As of September 2025, the platform reported $425 million in cumulative trading volume, with $342 million processed through its v1 AMM model and $83 million via the CLOB architectureLimitless Community Sale on Kaito Oversubscribed by 200 Times^[3]. Daily trading volumes exceeded $15 million, and the platform executed 923,000 trades in September aloneLimitless (LMTS) Token Sale on Kaito Launchpad^[1]. These figures position Limitless as a key player in the $2.1 billion global prediction market sector, which has seen increasing institutional adoption as platforms like Kalshi and Polymarket matureLimitless Community Sale on Kaito Oversubscribed by 200 Times^[3].

Analysts suggest that Limitless's focus on short-term, high-frequency trading differentiates it from competitors. By targeting crypto and stock price volatility with hourly or daily expirations, the platform mirrors 0DTE options trading but with lower costs and faster executionLimitless Community Sale on Kaito Oversubscribed by 200 Times^[3]. While its FDV of $75 million lags behind Polymarket and Kalshi, growth in trading volumes and institutional backing could drive valuation expansion. Analyst forecasts estimate FDV potential between $150 million and $1 billion if the platform sustains its adoption trajectoryLimitless (LMTS) Token Sale on Kaito Launchpad^[1].