🔽Overview

KIP’s goal is to provide data and payment rails to connect owners of AI assets – models, apps and datasets – letting them compete and collaborate freely within a decentralized ecosystem. However, these creators are not the only players in the KIP ecosystem. Because KIP transactions are recorded and settled on-chain, the network also depends upon the work of legions of indexers, validators, checkers, voters, bundlers and RPC providers. Without these contributors, KIP could not provide its services to developers or users, expand our network or incentivize participation.

As in any decentralized system, KIP’s goal is trustless coordination. This cannot happen without checking mechanisms. From the validators who update the underlying chain, to the indexers who make on-chain data available for query, to the voters who exercise governance powers. Any efficient network must recruit and reward these vital components of the process. KIP Protocol does this via its own internal settlements token: $KIP.