The KAIRA’s Token Earning Mechanism

Published on: 14.04.2022

Models for Earning Tokens

There are 2 main ways to earn tokens on Kaira Network platform:

Author Rewards: Users can post their content about different topics. When the community members upvote this content, the creator gets a token reward at every upvote he/she gets. Basically in Kaira; every upvote you get means earning KAIRA tokens.
Curator Rewards: Any user who upvotes any content earns KAIRA tokens as a curator reward because they bring forth the posts they upvote. This way you can earn by just reading and upvoting other creators’ content.

There is a bandwidth value associated with every user that increases with the reputation they have inside the platform (Kaira Power) and decreases when used. During the day this value will decrease whenever you upvote or create content by a certain rate. At the end of the day, this value will automatically rise according to a specified rate. You can think of it as “mana” in-game cultures and upvoting is your skill.

In Platform Reputation: KAIRA Power

The reward of the community members will earn through creation and curation will be given in two parts. The first part will be liquid KAIRA Token while the other part will be in KAIRA Power (KP). In essence, KP is just KAIRA tokens staked in the platform. 1KP will always be worth 1 staked KAIRA token.

The users’ effect on the distribution of the reward pool is directly proportional to how much KP they hold. The more KP a user has meant more effect on how the prizes are distributed. This system is a way to definitively scale every user’s reputation.

The higher KP you have, the stronger and more effective your upvote skill will be.

If desired, users can “power up” bought or earned liquid KAIRA tokens to KP. However, there’s a certain limit. When a certain user reaches the maximum power up rate the only way to earn more KP is through creating or curating content. Through this system, we aim to stop the whales from earning more than the end-users thus making our platform equal and fair.

Also, users can “power down” their KPs to turn them into liquid KAIRA tokens. This way they can exchange the liquid KAIRA tokens they hold to different cryptocurrencies. However, this power-down period is a 12 week linear lock opening period. For example; if you own 1200 KPs, every week you can power down 100 of your tokens and open their locks. At the end of 12 weeks, your 1200 KPs will be in your wallet as KAIRA token.

About Kaira Network

Kaira Network is the first decentralized social network for NFT communities. Users can use their NFT avatar as a social ID in the Kaira Network. Offering a cost-effective and easy-to-use social media platform with the power of Avalanche blockchain and Subnet.