Yapper Leaderboard Launchpad FAQs

Introducing Yapper Leaderboard Launchpad

Kaito is introducing a new Yapper Leaderboard launching mechanism: Yapper Leaderboard Launchpad.

Since the launch of Yaps, we have received overwhelming support from the community, for which we are forever grateful. Given the physical capacity constraint, and with the hope of building a more accessible and more inclusive network - collectively with the yappers and all other stakeholders in the ecosystem - we are taking the first step towards a more fun, and more community-centric launching mechanism.

Specifically:

  • We want every yapper (and in the future other key participants in the Kaito ecosystem) to be able to participate, regardless of whether you have earned any Yaps to date

  • We want every yapper (and in the future other key participants in the Kaito ecosystem) to start to be directly involved in the launch process

  • We also hope this new mechanism will help us more efficiently prioritize our development pipeline

We’ve designed the Launchpad mechanism such that it starts with:

  • Pre-TGE projects, where information asymmetry can be the biggest and market consensus is needed the most

  • Yaps and Smart Followers in the voting mechanism in the current phase

We will continue working with post-TGE projects who are interested in implementing a long-term, ongoing reward program for their respective community members, so stay tuned on more exciting launches outside the launchpad!

1/ Yapper Leaderboard Launchpad

  • How does the launchpad work?

The Yapper Leaderboard launchpad is a platform where community Yappers get to decide which Yapper Leaderboard they want to launch next.

The launchpad starts with pre-TGE projects where information asymmetry is the biggest and market consensus is needed the most.

The launchpad operates on a continuous basis — three projects from the launchpad have their Yapper Leaderboard launched each week on Monday, Wednesday, and Friday. Yappers participate by voting using their Yap score and smart followers (in the future could include other representations in the Kaito ecosystem), calculated with the formula: Total Votes = (Voted Yaps x 100) + Voted Smart Followers At the end of each voting period, the project with the highest total votes proceeds to launch 7 days after.

2/ Voting Mechanics

  • How does the voting process work?

Voting is conducted on the Yaps platform, where users (referred to as "Yappers") cast their votes to help projects launch their Yapper Leaderboard. Each Yapper has two types of votes they can use: Yap Votes and Smart Followers Votes.

  • Are there any restrictions on who can vote?

Anyone with Yaps or Smart Followers on the Yaps platform can participate in the voting process. Votes will be locked for 7 days and become redeemable afterward.

  • How many votes does each individual have?

Each person’s Total Votes = (Yaps x 100) + Smart Followers. For example, if a user has 100 Yaps and 100 Smart Followers, their total votes available would be 10,100.

They can then choose to award these votes to project(s) of their choice.

  • Are all Yaps weighted equally?

Yes, all Yaps are weighted equally. Each individual’s voting power is determined by their total votes using the formula above. Every Yap has the same value in the calculation.

  • How many projects will launch Yapper Leaderboards each week?

Projects can express interest in joining the launchpad at any time through the platform.

Once added to the launchpad, projects enter a 2-day waiting period before becoming active for voting.

Each week, three projects are selected — the top-voted projects from the Monday, Wednesday, and Friday voting period.

The projects' Yapper Leaderboards are set up and launched 7 days later (on the corresponding Monday, Wednesday, or Friday).

  • Do projects have to hit quorum to be selected for launch?

No, there is no quorum requirement. The project with the highest accumulated votes at the end of the voting period will proceed to launch.

  • Can I vote for multiple projects?

Yes, you can distribute your Yap Votes and Smart Follower Votes across multiple projects as you see fit.

  • What happens to my votes after submission?

Votes are locked for 7 days. After this period, they become redeemable.

  • Who has access the voting information?

The voting information, including who voted and how much they voted, is publicly accessible.

  • Can I withdraw my votes before the 7-day lock period ends?

No, votes are locked for 7 days - so cast carefully.

3/ Post-Voting Process

  • What happens if a project gets top votes by the end of each voting period and proceeds to launch?

When a project is proceeding to launch:

  • It appears under the "To Launch" tab immediately after the voting period ends.

  • 7 days later, Kaito launches the project's Yapper Leaderboard.

  • What happens if multiple projects receive the same number of votes?

In the event of a tie at the end of the voting period, the project that reached the final vote count first will be selected to have a Yapper Leaderboard launched.

  • What if a project isn't selected this round?

Projects remain on the platform and continue to be part of the process of rallying community support unless they choose to withdraw from the launchpad.

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