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Alpha

Limitless Token Sale on Kaito Launchpad

Limitless, Base’s largest prediction market, launched its $1M $LMTS token sale through Kaito Capital Launchpad — attracting over $50M in commitments and spotlighting how fast on-chain prediction markets are scaling into a major trading niche.

GuideICO
04 Oct, 202510 min readbyDropsTab
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Quick Overview


  • $LMTS sale raised $50M in commitments vs. a $1M target, priced at $0.05 (1.33% of supply).
  • Over $425M in total trading volume and 923K trades in September 2025, marking 25× growth.
  • Built on Base with CLOB architecture for fast, liquid prediction markets.
  • Backed by Coinbase Ventures, 1confirmation, and Arthur Hayes’ Maelstrom.
  • Targets short-term on-chain volatility, bridging options trading and prediction markets.

$LMTS Token Sale Structure


Twenty million tokens are going up for grabs at $0.05 USDT each — just 1.33% of the total supply — and demand is exploding far beyond expectations. Over the 10-day window (September 25–October 5, 2025), participants are placing bids ranging from $1,000 to $250,000, hoping to secure a slot in one of Kaito Capital Launchpad’s most sought-after offerings.



The Limitless sale also mirrors a wider comeback of on-chain token offerings in 2025, as new platforms and regulatory clarity breathe life back into public sales. That shift—covered in our look at how modern ICOs are evolving under new market rules, shows how investor appetite and transparent frameworks are reshaping fundraising this cycle.


Instead of a random draw, Limitless introduced a tier-based allocation system designed to reward its most engaged community members:


  • Tier 1: Core users and active Limitless traders received first priority.
  • Tier 2: Broader community applicants were considered only after Tier 1 allocations closed.

Limitless on Capital Launchpad
Source: https://yaps.kaito.ai/capital-launchpad - Limitless on Capital Launchpad

Key metrics from the sale


  • Fully Diluted Valuation (FDV): $75 million
  • Fundraising target: $1 million
  • Token price: $0.05 USDT
  • Offering size: 1.33 % of total supply
  • Sale duration: 10 days (Sept 25 – Oct 5, 2025)
  • Platform: Kaito Capital Launchpad
  • Total tokens offered: 20 million LMTS
  • Minimum allocation: $1,000
  • Maximum allocation: $250,000
  • Unlock schedule: 50 % at TGE, 50 % after 6 months
  • Estimated TGE date: October 2025

The unlock plan is deliberately simple: half the tokens release at TGE, and the rest follow six months later, roughly lining up with Season 2 of the Limitless Points Program. That timing keeps early supporters invested—not just financially but emotionally—as the project enters its post-launch phase.


Limitless Platform Fundamentals


At its core, Limitless runs as a decentralized social prediction protocol built on Base, where users trade outcomes on short-term events — mostly around crypto and stock price movements. It’s not about betting on elections or politics here. It’s about trading volatility itself, one micro-forecast at a time.


The numbers tell the story. Since late summer 2025, the platform’s traction has been explosive.


A recent Dune dashboard from @limitless_exchange confirms the growth curve, showing over $425 million in cumulative trading volume — with roughly $342 million coming from the v1 AMM model and $83 million already processed through the new CLOB architecture.


Limitless total trading volume
Source: https://dune.com/limitless_exchange/limitless - Limitless total trading volume

That’s not a fluke. Limitless built its engine differently from the usual DeFi crowd.


Technical architecture:


  • Runs on a Central Limit Order Book (CLOB) instead of AMM pools — giving traders real order-book depth and price discovery.
  • Users can trade “Yes” and “No” outcome shares directly, almost like binary options.
  • The model allows capital-efficient share mechanics — minting paired “Yes + No” shares from collateral and later merging them back to reclaim it.

Active traders often note that prediction markets reward those who understand their quirks. As one user, @0xTulipKing, put it, “half the edge in prediction markets comes from knowing how expiry and liquidity shape pricing — there’s still free money in illiquid markets if you’re small enough.” It’s a reminder that while Limitless runs on efficient tech, market behavior still hinges on trader psychology and micro-structure nuance.


Behind this structure is a globally distributed team of around 25 members. Limitless is led by founders CJ Hetherington, Roman Mogylnyi, Dima Horshkov, and Rev Miller — a team with backgrounds spanning Gitcoin, Reface, and Witnet. Their combined experience in Web3 trading, social platforms, and protocol design gives the project both technical edge and cultural reach.


This approach makes the platform feel more like a high-speed trading venue than a casual prediction site — and that’s exactly what its community seems to want.


To see how the Limitless platform actually works in practice, check out DropsTab’s walkthrough video:


The short tutorial covers how to connect your wallet, enter your first market, manage your portfolio, and sell shares before resolution.


Institutional Backing of Limitless


Behind Limitless sits a serious mix of capital and credibility. The project has raised $7 million across two rounds, with the latest $4 million strategic raise bringing in some of crypto’s most respected institutional investors.


Limitless fundraising rounds
Limitless fundraising rounds

Leading the round were Coinbase Ventures, a Tier-1 backer focused on projects within the Base ecosystem; 1confirmation, the earliest supporter that also led the $3 million pre-seed round; and Maelstrom, Arthur Hayes’ family office — with Hayes himself joining as an advisor.



The broader cap table reads like a who’s-who of DeFi venture circles, including Collider Ventures, Node Capital, Paper Ventures, Public Works, Punk DAO, and WAGMI Ventures.


Limitless investors
Limitless investors

Prediction Markets Growth Trajectory


Prediction markets aren’t just a crypto experiment anymore — they’re becoming a legitimate asset class. Global monthly trading volume has climbed to around $2.1 billion, a milestone that would have seemed unthinkable just a few years ago.


Crypto category of prediction markets
Crypto category of prediction markets

Recent Dune data shared by @DeFi0xJeff on September 24, 2025, showed Kalshi maintaining its 62% dominance while Limitless and other Base-native protocols began appearing on volume charts for the first time. The post highlighted how prediction markets are evolving beyond politics into AI-driven analytics, lending, and DeFi integrations — a clear sign the sector is maturing fast.


Several forces are driving this surge. Institutional investors are beginning to treat prediction markets as alternative yield instruments rather than speculative gambling tools. In the U.S., regulatory progress has helped platforms such as Kalshi gain legitimacy, especially in event-based markets. Meanwhile, the line between traditional finance and DeFi keeps blurring as prediction mechanisms find their way into structured products and on-chain derivatives.


Amid that shift, Limitless has chosen a different path. Instead of political forecasts or macroeconomic bets, it focuses on short-term asset price predictions with hourly or daily expirations. The format mirrors 0DTE options trading — but faster, cheaper, and more accessible — a niche that perfectly suits crypto traders who thrive on speed, precision, and volatility.


At its $75 million valuation, Limitless sits well below Polymarket and Kalshi, suggesting significant upside if trading volumes continue to scale in line with broader market growth.


Limitless Adoption


Limitless isn’t just riding market momentum — it’s building it. The platform connects traders, creators, and institutions through a fast, social, and data-driven ecosystem.


Its mobile-first interface and natural language market creation make short-term prediction markets simple to use, while capital-efficient mechanics keep entry costs low. A points program rewards trading, liquidity, and referrals, with the TGE synced to Season 2. Market creators can also earn fees, turning users into active participants.


Recent Dune data from @limitless_exchange shows that activity spike in numbers — daily volumes above $15M and nearly 923K trades in September alone.


Limitless daily trading volume
Source: https://dune.com/limitless_exchange/limitless - Limitless daily trading volume

Backed by Coinbase Ventures and advised by Arthur Hayes, Limitless ($LMTS) fills a gap between traditional options and long-term prediction markets — fast, transparent, and Base-native. The next test is maintaining that growth against Polymarket while navigating regulation. Still, with solid infrastructure, community traction, and institutional credibility, analysts see FDV potential between $150M and $1B if the platform keeps scaling.

Disclaimer: This article was created by the author(s) for general informational purposes and does not necessarily reflect the views of DropsTab. The author(s) may hold cryptocurrencies mentioned in this report. This post is not investment advice. Conduct your own research and consult an independent financial, tax, or legal advisor before making any investment decisions.