Holder Votes
Holder Votes Overview
What are Holder Votes?
Holder Votes make up 75% of the total voting power on the Yapper Launchpad, which comes from onchain representations in the Kaito ecosystem, specifically Genesis NFTs and staked KAITO (sKAITO).
How does sKAITO and Genesis NFTs combine to represent Holder Votes?
Holder Votes are split between Genesis NFTs and sKAITO. This exact % split is based on the relative market cap of Genesis NFTs and sKAITO.
For example, if the market cap of Genesis NFTs is $X million and the market cap of sKAITO - calculated based on the amount of KAITO staked in the staking pool - is also $X million, the voting power split between Genesis NFTs and sKAITO will be 50%/50%.
How do I vote with sKAITO and/or Genesis NFT(s)?
A user can simply connect their wallet(s) holding sKAITO and/or Genesis NFTs via the ‘Link Wallet’ button at the top banner of Kaito Connect
Determine the number of sKAITO and/or Genesis NFTs to be allocated to a project.
How many wallets can I link?
A user can connect multiple wallets holding sKAITO and/or Genesis NFT(s).
I haven’t registered with Kaito Yaps - how can I vote with sKAITO and/or Genesis NFT(s)?
Currently, a user will need to register with Kaito Yaps with via their 𝕏 account to vote using sKAITO and/or Genesis NFT(s). In the future, we plan to enable wallet log-in, making the access permissionless.
Do I reveal my 𝕏 account when I vote with sKAITO or Genesis NFT(s)?
No, only the linked wallet address (holding sKAITO or Genesis NFTs) will be displayed in the 'Vote Details'.
Can I change my linked wallets after I have submitted my sKAITO or Genesis NFT votes?
Yes. A user can add, remove, or switch wallets at any time.
If a user unlink their wallet, the voting records associated with the wallet will no longer appear (such as under 'Vote Details' or 'My Votes' page).
What’s the difference between the wallet(s) that I’ve input on the site, and these linked wallet(s)?
Input wallet: Wallet address manually provided by user through the “Input Wallet” button (beside their name in Yaps). This does not require a wallet signature and is collected solely for reward distribution, either by Kaito or our partner projects. A user may remove or update their address at any time if they choose not to participate.
Linked wallet(s): Used to verify ownership of sKAITO and Genesis NFT(s).
Please note that these wallets are separate, so a user will need to input or link in each place respectively for each use case.
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