🪙$KIP Token Utility

Monetise your work

Powering the Knowledge Ecosystem

The $KIP token serves as the fuel of the KIP Protocol, and powers the entire ecosystem of KIP Protocol.

$KIP is used in the following ways:

1. SFT Ownership:

• Ownership Tokens: Knowledge Asset ownership is represented by ERC 3525 Semi-Fungible Tokens (SFTs) on the blockchain. These SFTs grant ownership and control to knowledge creators and token holders.

2. Transaction Currency / Accounting Unit:

• Monetizing Data Assets: $KIP tokens are used as a transaction currency within the KIP Protocol ecosystem for use of AI apps and Knowledge Assets. Because $KIP are used as a universal settlement mechanism, the internal flows also constitute a transparent record for users wishing to know which datasets have been used with which models, and for creators wishing to establish clear value metrics for their work.

3. Grants, Rewards and Engagement:

• KIP DAO Grants: $KIP tokens are deployed via the KIP DAO to fund new and innovative research projects, resulting in new Knowledge Assets. These financial incentives encourage the development of valuable Knowledge Bases to serve as hubs of commerce for the entire KIP Protocol.

• Community Engagement: Users and community members earn $KIP tokens as incentives for actively participating in discussions, reviewing knowledge bases, and engaging with the ecosystem. These incentives promote ongoing user engagement and community building.

4. DAO Governance:

• Decentralized Decision-Making: $KIP token holders actively influence the direction of the KIP Protocol through decentralized governance. They propose, debate, and vote on crucial decisions, grants, and protocol upgrades, ensuring that the community has a direct say in the evolution of the KIP Protocol.

5. KIP Starter Launchpad:

• Project Allocation: $KIP token holders may stake their tokens to gain allocation for projects on KIP Starter. This engagement mechanism ensures that projects align with the community's interests and values.

• Project Funding: $KIP tokens are used to fund Knowledge Base projects with growth potential on KIP Starter, providing creators with the resources to bring their visions to life.

6. KIP X: Decentralized Exchange for Fractionalised Knowledge Assets:

• Fractionalized Ownership Trading: $KIP tokens facilitate the trading of fractionalized Knowledge Assets on KIP X. This specialization opens up diverse investment opportunities, enhancing the liquidity of Knowledge Asset ownership.

• Trading Fee Rebates: Users who stake $KIP tokens on KIP X gain trading fee rebates, providing them with added incentives to participate in the platform.

7. Community Building and Grants:

• Community Building: $KIP tokens are used to reward community builders and ambassadors who actively contribute to the growth and vibrancy of the KIP community.

• Grant Funding: Beyond KIP DAO, dedicated grants funded by $KIP tokens can support community-driven projects, educational initiatives, and events that align with our mission.

The $KIP token is not merely a digital currency; it is the catalyst that empowers every participant to actively shape the future of decentralised AI.