How Koji Works
Every time a token launches on Ponzu, each Kioke Card on that token’s chain receives 10 Koji. Koji is non-transferable, can’t be bought, and can’t be traded seperately from its Kioke. You accumulate it from token launches, and burn it on projects. Koji does not cross chains. An Ethereum barrel accrues Koji from Ethereum launches and burns it on Ethereum projects. A Robinhood Chain barrel does the same on Robinhood Chain. By default, 1 Koji is automatically allocated to every project so you never miss out on rewards. An additional 10 accumulate in your barrel for voting on projects you like.Quadratic Voting
Koji is burnt quadratically. The more you burn on a single project to signal your curation, the less each additional Koji is weighted for that project.
Credits = √(Koji burned) + 1.
Your portion of a project’s Kioke rewards = your credits / total credits from all barrels on that project. Only barrels on the project’s own chain curate for that pool.
What You Earn
Rewards are paid in project tokens and ETH. When you curate a project, you earn a share of that project’s Kioke cut of swap fees, taken at Ponzuki before the remainder reaches the Distributor. ETH rewards are only given to those who signal. Early endorsement matters. First to endorse a winner, your share is larger. The more Koji you stack on a token, the larger your weight is for that token. Conviction pays.Genesis Kioke
Genesis Kioke minted for the launch on Ethereum and Robinhood Chain