Kaito Connect FAQ
  • Yapper Launchpad FAQs
    • Staking Mechanics
    • Voting Mechanics
    • Yapper Votes
    • Holder Votes
      • sKAITO Votes
      • Genesis NFT Votes
Powered by GitBook
On this page
Export as PDF
  1. Yapper Launchpad FAQs
  2. Holder Votes

Genesis NFT Votes

PrevioussKAITO Votes

Last updated 1 day ago

Genesis NFT Votes

  • What are Kaito Genesis NFTs?

Genesis NFTs are the first onchain representation within the Kaito ecosystem.

  • How is the voting power of Genesis NFT calculated?

The total voting power of Genesis NFT will be a function of the following parameters:

  • Genesis NFT: the number of Genesis NFT(s) held

  • Exchange Rate (N): Dynamic exchange rate based on total Yapper Votes and sKAITO voting pool

HolderVotes(perNFT)=GenesisNFT∗NHolder \hspace{0.1cm} Votes \hspace{0.1cm} (per \hspace{0.1cm} NFT) =Genesis\hspace{0.1cm}NFT\hspace{0.1cm}*\hspace{0.1cm} NHolderVotes(perNFT)=GenesisNFT∗N

Note that each Genesis NFT is capped at 0.5% of Total Voted Yapper Votes. This is reflected under 'Current Cap' when a user hover over Genesis NFT Holder Votes ratio.

  • Where can I see the real-time Holder Votes per Genesis NFT?

Refer to the top banner where a user is able to see “1 Genesis NFT ≈ Y Holder Votes”.

  • Where can I see how many Genesis NFT votes I have available to vote with?

The total number of Genesis NFTs shown in 'My Vote' page is the total number of Genesis NFTs across all linked wallets a user has linked.

  • What happens to my Genesis NFT votes after submission?

Similar to Yaps and Smart Follower votes, Genesis NFT votes are locked for 7 days. During this lock period, a user cannot re-vote with that NFT, regardless of ownership changes.

  • What happens if I sell or transfer my NFT after voting for a project?

If a user sells or transfers a Genesis NFT that was used to vote, the vote for the project will still count for 7 days. After 7 days, if the user has not bought it back or transferred it back, the vote will expire, and voting rights will be transferred to the new owner.

Note that if the user sell the Genesis NFT or transfer it to a wallet that is not linked to Kaito Connect, the user will no longer see the voting record under ‘My Votes,’ which always reflects the voting record under the associated 𝕏 account and linked wallets. However, as stated above, the vote will still be counted for the project originally voted for, and the user can view it under the ‘Vote Details’ section of that project.

  • What if I buy a Genesis NFT that was used to vote by the previous owner?

A user must wait for its 7-day lock to finish before being able to vote with the Genesis NFT.

Once the lock expires, the vote is automatically redeemed to the new owner's wallet.

  • How do I check whether a Genesis NFT is available for voting?

To check whether a Genesis NFT is available for voting, please refer to the 'List of Vote-Locked Genesis NFTs on the Market' under 'My Vote' page.