Web3 IDO Projects: A Look at Limitless, Momentum, and YieldBasis

Introduction to the Web3 IDO Season

The Web3 space is currently witnessing increased activity in the Initial DEX Offering (IDO) sector. Echo's Sonar platform recently garnered attention due to the higher-than-expected returns from the Plasma IDO. This has spotlighted other IDO platforms, which have also seen the launch of new projects, further amplifying market excitement.

Rumors have circulated regarding substantial profits from participating in the Plasma IDO, with claims that depositing $1 USD resulted in receiving over $10,000 worth of XPL tokens. In this article, we will explore three IDO projects that are still accessible and generating significant buzz: Limitless, Momentum, and YieldBasis.

Limitless on Kaito Platform

Limitless Project Overview: Limitless is the largest prediction market platform on the Base ecosystem, with nearly $400 million in cryptocurrency and stock price prediction trading volume. Its founder previously developed a viral consumer AI product, backed by a16z, which achieved over 300 million downloads.

On July 1st, Limitless announced the completion of a $4 million strategic funding round, with participation from Coinbase Ventures, 1 confirmation, Maelstrom, Collider, and others. The company previously raised $3 million in a seed round, bringing the total funding to $7 million. The company aims to use the new funding to prepare for its upcoming Token Generation Event (TGE).

Participation Link on Kaito Platform: https://yaps.kaito.ai/capital-launchpad

Participation Requirements: Complete KYC verification on the Kaito platform and stake at least 5000 sKATIO tokens. Allocation sizes range from $1,000 to $250,000.

TGE Unlock Schedule: 50% of tokens will be unlocked at the TGE, with the remaining 50% unlocked 6 months later.

Current Fundraising Data: Over $50 million has been raised, exceeding the target by 50 times.

KYC Verification Requirement: Yes, and it cannot be passed by users from mainland China.

Participation Deadline: October 5th.

Momentum on Buidlpad Platform

Momentum Project Overview: Momentum is a Move-centric liquidity engine, formerly known as Momentum Safe. It provides solutions for Multi-Sig Treasury Management, Token Vesting, and Liquidity Provisioning. Momentum has currently raised $10 million in funding.

Participation on Buidlpad: Liquidity provision is currently being offered on the Buidlpad platform in preparation for the upcoming IDO. To secure a larger IDO allocation, more liquidity needs to be provided at this stage.

Participation Link: https://buidlpad.com/hodl/momentum

Participation Requirements: Connect a SUI wallet, select an eligible pool, and click "Add Liquidity". The more liquidity added, the larger the IDO allocation you will receive (refer to the official operation documentation for a detailed guide). Currently, the total value locked (TVL) exceeds $220 million.

Eligible Liquidity Pools: SUI–USDC, suiUSDT–USDC, LBTC–wBTC, xBTC–wBTC, xSUI–SUI.

KYC Verification Requirement: Yes, and it cannot be passed by users from mainland China.

Participation Deadline: October 19th.

YieldBasis on Legion and Kraken Platforms

YieldBasis Project Overview: YieldBasis is a DeFi protocol aiming to address the core pain point for liquidity providers (LPs) in automated market makers (AMMs) - Impermanent Loss. The project was developed by Michael Egorov, the founder of Curve Finance. Founded in 2025, YieldBasis has focused from the outset on achieving a standard for liquidity provision with "zero impermanent loss" through mathematically elegant methods, enabling users holding assets like BTC and ETH to safely earn market-making returns without worrying about losses from price fluctuations.

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

Participation on Legion and Kraken: Legion requires participation through a points system, with an allocation of $5 million. Kraken utilizes a First-Come, First-Served (FCFS) approach, with an allocation of $20 million. Notably, YieldBasis is the first project to launch on Kraken.

Activity Start Date: Legion is on September 29th at 10 PM Beijing time (to submit allocation requests). Kraken is on October 1st at 10 PM Beijing time (to "snag allocations").

TGE Unlock Schedule: 100% of tokens will be unlocked at the TGE.

KYC Verification Requirement: Yes, and it cannot be passed by users from mainland China (can be passed on Kraken).

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investing in IDOs carries high risk, and you should conduct your own research before making any investment decisions.