Participants in the Novastro sale on Kaito Capital Launchpad are sitting on -74% drawdown. Raised 2M at a 50M FDV, hyped as a community-first project. Now trading at a 14M FDV, and the same community that farmed quests for months is left holding the bag. From oversubscribed launchpad darling to another chart straight down. Lesson is there- never confuse marketing hype with real product hype(Justin Wu)