Is the next Plasma coming? A look at the three most popular IPO projects recently.

Recent popularity in the Web3 IPO sector, fueled by successes like Plasma, has brought attention to three major ongoing projects:

Limitless IPO on Kaito
- Largest prediction market platform on Base, with nearly $400M in predictions.
- Raised $7M total funding, including a recent $4M strategic round from Coinbase Ventures and others.
- Participation requires KYC and staking >5,000 sKATIO, with a $1,000-$250,000 limit. 50% tokens unlock at TGE, the rest after 6 months. Event ends October 5.
Momentum IPO on Buidlpad
- A Move ecosystem liquidity engine (formerly Momentum Safe) providing multi-sig treasury and liquidity solutions. Raised $10M.
- Users provide liquidity on SUI to earn allocation. TVL has surpassed $220M.
- Requires KYC. Event ends October 19.
YieldBasis IPO on Legion & Kraken
- A DeFi protocol by Curve Finance's founder aiming to eliminate impermanent loss for LPs.
- Raised $5M in Feb 2025 with a $50M token valuation.
- Legion requires a $5M points threshold; Kraken uses FCFS with a $20M quota. 100% unlock at TGE. Kraken event starts October 1.

Original: Odaily Planet Daily

Author: Asher

The Web 3 new release season is here again.

Recently, Echo's Sonar platform, thanks to its exceptional returns from the Plasma IPO, has garnered widespread attention. Simultaneously, numerous IPO platforms have launched new projects, further fueling the popularity of the IPO sector.

News: Participate in Plasma IPO and deposit $1 to win over $10,000 worth of XPL tokens

Below, Odaily Planet Daily will sort out the three new projects that are still available for participation and are the most discussed: Limitless, Momentum, and YieldBasis.

Limitless IPO on Kaito platform

Limitless Project Introduction

Limitless is currently the largest prediction market platform in the Base ecosystem, with nearly $400 million in cryptocurrency and stock price predictions. Its founders previously developed a viral consumer AI product, backed by a16z and downloaded 300 million times.

On July 1, Limitless announced the completion of a $4 million strategic round of financing, with participation from Coinbase Ventures, 1 confirmation, Maelstrom, Collider and others. The company had previously completed a $3 million seed round of financing. As of now, the total financing amount has reached $7 million . The new funds are intended to be used to prepare for the upcoming TGE.

IPO on Kaito platform

Participation website: https://yaps.kaito.ai/capital-launchpad

Participation conditions: Complete Kaito platform KYC certification and pledge more than 5,000 sKATIO tokens, with a limit of US$1,000 to US$250,000.

TGE unlocking situation: 50% will be unlocked by TGE, and the remaining 50% will be unlocked 6 months after TGE.

Current fundraising data: more than 50 million US dollars have been raised, 50 times more than the amount raised.

Is KYC certification required: Yes, and mainland KYC cannot be passed.

Event deadline: October 5th.

Momentum IPO on the Buildpad platform

Momentum Project Introduction

Momentum, the centralized liquidity engine for Move, formerly known as Momentum Safe, provides solutions for multi-sig treasury management, token vesting, and liquidity provisioning. Momentum has raised $10 million in funding.

Buy new shares on the Buildpad platform

Currently, Momentum is providing liquidity on the new stock issuance platform Buidlpad in preparation for future new stock issuances. Therefore, in order to obtain more new stock issuance shares, more liquidity must be provided in this activity.

Participating website: https://buidlpad.com/hodl/momentum

Participation conditions: Connect to the SUI ecological wallet, select a qualified pool, and then click "Add Liquidity". The more liquidity you add, the more new shares you will get ( for detailed instructions, click here to jump to the official operation document ). The current cumulative TVL exceeds US$220 million.

Eligible liquidity pools: SUI–USDC, suiUSDT–USDC, LBTC–wBTC, xBTC–wBTC, xSUI–SUI.

Is KYC certification required: Yes, and mainland KYC cannot be passed.

Event deadline: October 19

YieldBasis is available for new listings on Legion and Kraken.

YieldBasis Project Introduction

YieldBasis is a DeFi protocol designed to address impermanent loss, a core pain point in automated market makers (AMMs), for liquidity providers (LPs). Developed by Michael Egorov, founder of Curve Finance, who founded YieldBasis in 2024, the project has been focused from the outset on achieving a "zero impermanent loss" liquidity provision standard through mathematically elegant methods. This allows users holding assets like BTC and ETH to securely earn market-making returns without worrying about losses from price fluctuations.

YieldBasis completed a $5 million venture capital round in February 2025, with a token valuation of $50 million.

IPOs on Legion and Kraken

Note: Legion requires a points threshold of $5 million to participate, while Kraken uses a first-come, first-served (FCFS) system with a $20 million quota. It's worth noting that YieldBasis is Kraken's first launch project.

Event start date: Legion will apply for quota at 10:00 PM Beijing time on September 29th, and Kraken will "grab a share" at 10:00 PM Beijing time on October 1st.

TGE unlock status: TGE unlocked 100%.

Is KYC certification required: Yes, and mainland China KYC cannot be passed (Kraken mainland China KYC can be passed).