A list of industry trends that may be missed during the Dragon Boat Festival

There is no rest button in the crypto market, only the ever-changing narrative rhythm and market tentatives. With the holiday season over, BlockBeats has compiled a list of events and signals worth paying attention to during the Dragon Boat Festival.

Loudio (LOUD),

the "flash in the pan"

SocialFi project of the LOUD token,

completed its IAO on May 31 through HoloworldAI's HoloLaunch platform, with 45% of the total issuance of 1 billion tokens used in this round of crowdfunding, raising approximately 400 SOL. The project was initiated by @0x_ultra, a developer who has participated in the DeFi protocol Jones DAO, and the construction idea is highly dependent on Kaito AI's on-chain social scoring system.

The most notable initial FDV of $150,000, combined with the threshold of 0.2 SOL per person to participate in the IAO, sparked significant speculation in the Solana community.

LOUD evaluates the originality and dissemination of content posted on platform X through Kaito AI, and rewards 72% of the transaction fees to the top 25 posters according to the leaderboard every week, another 18% to KAITO stakers, and 10% to the creator fund. In order to compete for the position of the leaderboard, some users posted a large number of homogeneous content on the X platform, and even borrowed clickbait technology to attract interaction, which caused a certain amount of disgust in the community.

At the time of writing, LOUD's total market capitalisation was $6.57 million, down 80% from its market capitalisation high.

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