Polygon Split Disk @ 0xMiden has been launched on Kaito. The team has a Meta engineer background and incubated internally at Polygon Labs for 3 years before becoming independent A16z crypto leads $25 million seed round investment Miden's theoretical ceiling is high enough. Let's make a prediction: how much the final Miden Yap reward will be. Miden valuation Look at the financing details. Financing amount: 25 million US dollars Round: Seed Round Date: April 2025 Leading investors: a16z crypto, 1kx, Hack VC According to industry conventions, the valuation of Miden is likely to be between $150 million and $250 million. We take a conservative value, which is 150 million US dollars. What is the value of Yap rewards? Generally speaking, the Yap airdrop ratio for Kaito's online projects ranges from 0.3% to 1%. Still conservatively estimated, taking a value of 0.5%. 0.5% multiplied by $150 million=$750000 If divided among the top 200 Yappers, it would be $3750 per person. 3/Conclusion The Miden mainnet is expected to be launched by the end of the year and is currently in the development stage. The valuation is based on seed round calculations, and there may be significant differences in actual TGE. The true value also depends on the performance online and offline of the main network and market recognition. DYOR