Holder Votes

Holder Votes Overview

• What are Holder Votes?

Holder Votes make up 50% 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)?

1. 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

2. 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.