About KDAO Token

Abstract

KDAO is a utility token that is distributed between fact-checkers. KDAO token is given to users as a reward, for the mission to combat misinformation. This whitepaper outlines the key features, mechanisms, and benefits of KDAO.

Utility

KDAO serves as the primary incentive mechanism for fact-checkers within the Kindao ecosystem. Fact-checkers earn KDAO tokens for successfully debunking misinformation or providing accurate information. These tokens can be used within the Kindao platform for various purposes, including:

1. Attaching bounties to fact publishings to reward honest fact-checkers.
2. Trading on supported cryptocurrency exchanges for liquidity and value realization.

Distribution

KDAO tokens are distributed to fact-checkers based on their contributions and reputation within the Kindao community. The distribution mechanism is designed to reward accuracy, diligence, and active participation in the fact-checking process.

• The three individuals with the most upvotes on their fact reviews will earn KDAO tokens.
• The tokens attached as bounty to each fact review will be distributed to the fact-checkers according to the number of upvotes they receive.

Governance

The governance of KDAO tokens is decentralized, allowing community members to participate in decision-making processes. Token holders have the power to propose fact reviews in the Kindao platform. This democratic governance model ensures the alignment on community engagement and ownership.