A brief talk about what @stayloudio wants to do as the first split sub-token of kaito:

1. Issue a $LOUD

2. Take a cut from the trading fees of LOUD/SOL on Meteora, with 72% going to the Top 25 Yappers, and 18% going to sKaito holders.

To simplify: the idea is similar to kaito plus believe, using mouth mining + trading fee sharing to incentivize the entire system.

However, as a sub-token, there is no trading pair for LOUD/KAITO, and it won't provide much benefit to sKaito holders. It mainly exists as a demonstrative demo of a kaito API service and can be understood as the first memecoin of the ecosystem.

Whether traders and KOLs can form a substantial relationship and whether volume can be converted into trading volume still needs further observation.