Voting Mechanics
Last updated
Last updated
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: Yapper Votes and Holder Votes.
How many votes does each individual have?
Each Yapper's Total Votes = Total Yapper Votes + Total Holder Votes.
Are there any restrictions on who can vote?
Currently, 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 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 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?
Yes, projects need a minimum of one vote to be selected for launch.
Can I vote for multiple projects?
Yes, you can distribute your Yapper Votes and Holder Votes across multiple projects as you see fit.
Can I vote at any given time?
Voting will pause every Monday, Wednesday, and Friday at 12:00 PM UTC for 1 hour, during which votes will be tallied to determine the project with the highest total vote. Voting resumes right after.
Who has access the voting information?
The voting information, including who voted and how much they voted, is publicly accessible.
What happens if the project that I voted for wins immediately after?
Your vote is still locked for 7 days, but will be automatically returned to you after this period.
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. Projects can stay for up to 6 months unless they opt to withdraw from the launchpad.