The fifth phase of Gate Launchpad's Kodiak (KDK) IPO saw nearly $90 million raised in just 24 hours.

PANews reported on December 20th that, according to official data, the fifth phase of Gate Launchpad's Kodiak (KDK) IPO has been open for 24 hours, with subscription activity continuing to rise, reaching a total subscription amount of nearly $90 million. The subscription activity is still ongoing and will close at 16:00 (UTC+8) on December 21st.

The total subscription amount for this Gate Launchpad is 3,000,000 KDK, and it supports subscription in both USDT and GUSD currencies. The subscription price is 1 KDK = 0.35 USDT/GUSD, and a single user can subscribe to a maximum of 30,000 KDK.

In addition, users who successfully subscribe to Launchpad can enjoy extra income incentives when participating in USDT wealth management, with a maximum annualized return of 200%, including a 200% annualized return exclusively for new users and a 30-day 2% annualized return for all subscribers.