PANews reported on May 30 that Loud, the information tokenization protocol based on Kaito, announced that the $LOUD token initial attention offering (IAO) will be launched on HoloworldAI's HoloLaunch platform at 22:00 Beijing time on May 31, with a total fundraising target of 400 $SOL (about 70,000 US dollars). The IAO is divided into two phases: the priority phase is for the first 1,000 $LOUD users, and the community phase is for KaitoAI-bound Solana addresses and eligible users, using a first-come, first-served model.

It is reported that the total supply of $LOUD tokens is 1 billion, 45% for IAO, 45% for liquidity pool, and 10% for community programs and market making. After the IAO is over, the raised $SOL and 45% $LOUD tokens will be injected into the MeteoraAG liquidity pool, and then the market will be opened for trading. The transaction fees will be distributed weekly starting about 7 days later.

Related reading: A quick look at Loud: An experiment in a decentralized attention market that rewards speakers with transaction fees .