KELTA (KLT) Project Overview and Historical Context
KELTA (KLT) is a cryptocurrency project launched in 2018, with its tokens issued based on the ERC-20 standard.The project was initially positioned to provide computing power to researchers, scholars, and cryptocurrency miners. According to the project team’s description, each KLT token is said to represent 1 watt of data center capacity, and holders can earn passive income by utilizing this computing power, with weekly yield payments promised.
The KELTA project is associated with the AGEM DATA family, in which AGEM DATA owns data centers, while KELTA Capital, S.R.O. is responsible for operating and selling KLT tokens. Kelta (the company associated with the crypto project) was founded by George Mac in London, UK, in 2015.
ICO Raising and Token Economics
The KELTA project conducted its Initial Coin Offering (ICO) in 2018. The presale phase ran from January 15, 2018, to March 25, 2018, while the main sale phase took place from March 12, 2018, to April 30, 2018.During the ICO, the project raised approximately 53,169.51 ETH. The main sale target was $39.55 million, and the project ultimately achieved 94% of that goal, raising approximately $37.3785 million.
During the ICO, the price of the KLT token reached a low of $4.00 during the presale phase (with a minimum purchase of 10,000 tokens), while the price during the main sale phase increased exponentially on a weekly basis.The ICO conversion rate varied by week; for example, it was 0.00565 ETH in Weeks 1 and 2, and 0.00655 ETH in Weeks 7 and 8.
The total supply of KLT tokens is set at 12,500,000 KLT, of which 10,000,000 KLT are allocated to investors.
Project Status and Risk Disclosure
According to publicly available information, the KELTA project has faced challenges in its later stages of operation.As of October 21, 2022, Kelta’s application is no longer available. Furthermore, as of June 7, 2026, Kelta, the company associated with this crypto project, is listed as “unfunded” and has only one employee, suggesting that the project may be inactive or stalled.
In the project’s early stages, third-party organizations had already issued cautionary advice regarding KELTA’s services.For example, Wallet Scrutiny advised users to exercise caution regarding Kelta’s services, noting that they were complex and that its terms and conditions were questionable, and labeled the service as custodial and unverifiable. ICOholder also warned users that team member information might not have been verified and recommended verifying details through official channels.
Given the project’s claimed “passive income” model, the deactivation of its application, and the company’s current operational status, investors should be fully aware of the inherent risks associated with such projects, including but not limited to technical, operational, and market risks. Any project involving promises of high returns should be viewed with extreme caution.
