#371: Getting Loud with Loud

Loud is a tokenized attention experiment introduced by a small team, in which yappers who post about it earn a share of trading fees and a 45% token sale is planned for a May 31 Initial Attention Offering. Mindshare and rankings are determined by Kaito's algorithms, and the token has no inherent utility and serves as a proxy for attention. The article notes that Loud's 4% trading fee sends 72% to a mindshare pool, so a $1M prize pool would require about $35M in trading volume. It also cites skeptics such as Xeer and Cobie, and says reputational risk is the main reason founders and VCs are not participating.