metadata: {"signature": "0x93d546f1f2a8985bc28c90ca71b2bfc6639033aeda4d9ca6582d3612beccc7611c46b61e2621cca6a1d100390624b1e54eecc1cfc152fb6dfdd69a012c90d1f61b", "application": {"round": "0xe03a19f4921d69cddd37f54dfe814dc66aa92100", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "610KqVDC/VxCJeift0sWRyfi7Jm2sJn8fQ/bS9qQXzdBEkvdyxa/ZYAA1bFKApbW", "encryptedSymmetricKey": "ca08544b2415e624540e5e5f7fcd808fa05bd029fd341d9195001996de08e4e2aca604b674c75659d88e5a90761777076c7934985d60b8bd4db08ccc06825ac4302f2ec59d10b77db95bf6264389da6246ce68582ab53d3f127f64a8b50455994a3a5989fcdb073000b226c4f27fa84371c974b6da2105aad4cb356b8ece6bc60000000000000020aba25fe6f074ff95a66e192ea4421943765643a7f90e527bc5fed336c251276ef366836a836d0c11451d2c963c881ba8"}}, {"type": "short-answer", "hidden": true, "question": "Telegram Handle We Can Use To Contact You(you can answer N/A)", "questionId": 1, "encryptedAnswer": {"ciphertext": "jnW+d0YzJ5ARPHmUFlEmu+ZnmeD1x7Fc/ln+KOu6q1k=", "encryptedSymmetricKey": "78835777587750431a6f3a10dd76d489c11ce10d66d847f26cbbb4712f87eb1ffec48695664ff0f54dcb1012abde8a1836e9e6a97a38cf6cb4754c2d88e9089fb4470d223bf8cad3a87830cf54983836664325f6062499c6e8d61c7c324233ab3c9faccd2839cb9dce229ce5d7265e36b1cd2729721b4f8260f8f9118989e70e00000000000000204b57e8eed2339879844a2c6ca742f2d87fed5f7e9f99c602cccc5155d771ff66fe8245d78d03dde1c2c066d67d55af8b"}}, {"type": "link", "answer": "https://github.com/koltoken/sol", "hidden": false, "question": "Project GitHub Repo (Not Team Page): ", "questionId": 2}, {"type": "number", "answer": "4", "hidden": false, "question": "Total Team Size", "questionId": 3}, {"type": "paragraph", "answer": "lexobe - 0xba6e9bCdDDdd5F4626046FA1483128844E8aE2Cf\nkendalework - 0x65985fDB2DFAe5935f8e329f6DB99e7a62a126f7\nlaneroy - 0x8f516197Cf0F42B83Dfb3F35d72f322DC66c277a\nmossray - 0xa6240987e6eAfE9ae33393a170deEF3ED64d0B15", "hidden": false, "question": "List the Github Handles and Wallet Addresses of Each Team Member (e.g. owocki - 0x123, kbw  - 0x456):", "questionId": 4}, {"type": "paragraph", "answer": "https://twitter.com/KoL_Token\n\nhttps://warpcast.com/kol-token\n\nhttps://warpcast.com/lexobe\n\nhttps://warpcast.com/kendale", "hidden": true, "question": "Social profiles (Twitter, Farcaster, Lens, etc.) of other main team members publicly associated with the project (N/A for solo founders): ", "questionId": 5}, {"type": "link", "answer": "https://t.me/+jrIqNz5It0k5MGZh", "hidden": false, "question": "Link to your Public Group Chat (e.g. Discord or Telegram)", "questionId": 6}, {"type": "paragraph", "answer": "N/A", "hidden": false, "question": "If you've participated in past grant rounds, please share any new updates or milestones from the prior months (N/A if you haven\u2019t participated previously). ", "questionId": 7}, {"type": "address", "hidden": true, "question": "If you participated in past grant rounds using a different project payout wallet address, please share it here:", "questionId": 8}, {"type": "paragraph", "answer": "Opensea: https://opensea.io/collection/cnft-of-kol-token/, we once topped Opensea Ranking\n\nOkx Ranking: https://www.okx.com/web3/marketplace/rankings #22 in our 30-day deal ranking on the Arbitrum One chain\n\nWebsite: https://koltoken.world/dashboard/explore, as can be seen on our website, there are currently 768 KT in total, with a total market capitalization of 1.82K ETH", "hidden": false, "question": "Where should we look to see the impact of your project? Please provide links to public websites and/or the latest values for key metrics you track privately. This might be used in future impact reports", "questionId": 9}, {"type": "paragraph", "answer": "In October 2023, project members contributed 20 ETH (~ 40,000 USD)", "hidden": false, "question": "Total Prior Funding Amounts, Sources, and Dates for the project in USD", "questionId": 10}, {"type": "checkbox", "answer": ["Grants"], "hidden": false, "question": "Which of the following funding sources do you have? Check all that apply", "questionId": 11}, {"type": "number", "answer": "6", "hidden": false, "question": "How old (in Months) is the project?  ", "questionId": 12}, {"type": "multiple-choice", "answer": "North America", "hidden": false, "question": "Location/Region where the project is based ", "questionId": 13}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Have you read and confirmed your grant abides by the Program General Eligibility Policy? ", "questionId": 14}, {"type": "short-answer", "answer": "No", "hidden": true, "question": "Are you applying for any other OSS rounds in GG20? (Reminder: you can only be accepted into one) ", "questionId": 15}, {"type": "paragraph", "answer": "**KoL Token quantifies social influence into tokens, building a personal value network.**\n\n- \ud83d\udcb0Tokenization\nA completely transparent and fair token mechanism that turns KoL influence into sustainable revenue.\n- \ud83d\udcc8 100x\nKT has refined the traditional Bonding Curve Token (BCT) model through its innovative financial mechanisms, managing to unlock a significant amount of ETH previously trapped in contracts. Unlike Friendtech and Bitclout, KT not only fully liberates all ETH but also boosts the leverage ratio, circumventing associated risks and time constraints. This is achieved by adhering to rigorous mathematical computations, enabling a 100-fold increase in capital efficiency.\n- \ud83c\udf31\u00a0Sustainable Revenue\nKT platform charges a 1% tranding fees on each trade, serving as a continuous income source for KoL. Additionally, every early \u201cChampioner\u201d of KT receives 5% of thetranding fees to foster community growth and participation.\n- \ud83c\udf0d\u00a0Enhancing the Ethereum Ecosystem\nOur financial innovations can transform the blockchain economy by improving capital efficiency. These mechanisms increase liquidity, reduce costs, and free up locked funds, accelerating blockchain's widespread adoption.", "hidden": false, "question": "Please describe your dApp or App, focusing on its innovative utility or service within the ecosystem. Highlight the problem it solves or the need it addresses.", "questionId": 16}, {"type": "paragraph", "answer": "KoL Token offers various features and design choices that significantly improve the user experience in the Web3 space, especially regarding decentralized social networks and quantifying personal value. Here are some key features and design choices that enhance accessibility and practical utility:\n\n- **Quantification and Trading of Personal Value**: KoL Token allows users to transform their social media influence into digital assets. This mechanism not only provides economic value to social media influence but also empowers users to expand their reach through tokenization.\n- **Connecting KOLs and Fans**: The project redefines the interaction between Key Opinion Leaders (KOLs) and their fans. Fans can invest in KOLs to gain economic returns, incentivizing them to further support the growth of KOLs. Meanwhile, KOLs can leverage this economic support to drive more innovative content production, creating an open, interactive social media economy.\n- **cNFT Mechanism**: To address the challenges faced by KOLs from non-blockchain communities in tokenization, KoL Token introduces the cNFT mechanism. Holders of cNFTs receive a permanent 5% share of the trading fees and can become \"Championers,\" guiding and supporting KOLs in their tokenization journey. This approach makes the entire process more accessible and reduces technical barriers in the blockchain space.\n- **Risk-Free Mortgage Mechanism**: KoL Token offers an innovative mortgage mechanism allowing holders to borrow ETH without risk, providing greater capital efficiency and flexibility. The minimum value of KoL Token ensures that even in extreme market fluctuations, the value of the collateral remains stable.\n- **Integrated NFT Assetization Mechanism**: To facilitate the management of revenue rights, KoL Token uses NFTs to assetize a portion of the trading fee's revenue rights. This integration not only increases ecosystem flexibility but also provides more investment and trading opportunities, allowing community members and investors to diversify their participation and potential earnings.\n\nThrough these design choices and features, KoL Token creates a user-friendly, decentralized ecosystem with high flexibility in the Web3 space, encouraging sustainable growth of social media influence.", "hidden": false, "question": "Describe how your application improves user experience in the Web3 space. Include any specific design choices or features that enhance accessibility and practical utility.", "questionId": 17}, {"type": "paragraph", "hidden": false, "question": "In what ways does your project contribute to financial inclusion, education, or social impact? Explain the specific areas of impact and the target audience or communities you serve.", "questionId": 18}, {"type": "paragraph", "answer": "We use the same open source license as uniswap: Business Source License.\n\nWe are currently open-sourcing the code of the deployed contracts, and we are planning to open-source the entire code of dApp.", "hidden": false, "question": "What type of open source software (OSS) license(s) do you have? Is all of your code available on public repos or is some portion of your codebase private?", "questionId": 19}, {"type": "paragraph", "answer": "We has successfully launched!\n\nOfficial website: [https://koltoken.world](https://koltoken.world/)\nWhitepaper: https://medium.com/@KoLToken/whitepaper-0b646d640c5f\nOpensea: https://opensea.io/collection/cnft-of-kol-token\nDiscord: https://discord.com/invite/dSsWbTF8e2\nTelegram: https://t.me/+jrIqNz5It0k5MGZh\nX: https://twitter.com/KoL_Token\n\nWe plan to go live with a full-featured mobile version in June 2024!", "hidden": false, "question": "What stage of development is your application currently in, and what are your immediate next steps? Provide a roadmap or development timeline if available.", "questionId": 20}, {"type": "paragraph", "answer": "We plan to allocate the funds from this round as follows\n\nDevelopment: 30%\nUser Research and Experience: 30%\nCommunity Building: 40%", "hidden": false, "question": "How would funding from this round support your project's development and goals? Outline specific areas where the funds would be allocated (e.g., development, user research, community building).", "questionId": 21}, {"type": "paragraph", "hidden": false, "question": "Anything else you'd like to share about your project, previous work, or other project affiliations? Anything you'd like to add that may help in determining project eligibility?", "questionId": 22}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Would you like to opt-in to future messages from Gitcoin for updates, information, and/or interviews? ", "questionId": 23}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Would you like to opt-in to us sharing your information with select third-parties for investment opportunities? ", "questionId": 24}], "project": {"id": "0xfecfd8f2ba4992b663377901c662f725ae1136f829ba7bda015e738e1aa059a3", "title": "KoL Token", "logoImg": "bafkreibmhomjhqsf3iaai4bful7v5lbehyrs3236xai7pilzr35ojvib2q", "metaPtr": {"pointer": "bafkreicerop4xewd6xzrjm2lxnqxllwstzr2thked6iaevnfriilk2ezxq", "protocol": "undefined"}, "website": "https://koltoken.world/home", "bannerImg": "bafkreiclk3vfurbsznnxyo5oenl4lkcda7lgneszj7vzvr2injz2tl6mdu", "createdAt": 1713956634265, "userGithub": "kendalework", "credentials": {}, "description": "**KoL Token quantifies social influence into tokens, building a personal value network.**\n\nOpensea: https://opensea.io/collection/cnft-of-kol-token/\n\n## What\n\n- \ud83d\udcb0Tokenization\nA completely transparent and fair token mechanism that turns KoL influence into sustainable revenue.\n\n![BCT](https://github.com/koltoken/sol/assets/146308769/edb1d48f-7904-4ed2-ae35-b28ba5a392ea)\n\n- \ud83d\udcc8 100x\nKT has refined the traditional Bonding Curve Token (BCT) model through its innovative financial mechanisms, managing to unlock a significant amount of ETH previously trapped in contracts. Unlike Friendtech and Bitclout, KT not only fully liberates all ETH but also boosts the leverage ratio, circumventing associated risks and time constraints. This is achieved by adhering to rigorous mathematical computations, enabling a 100-fold increase in capital efficiency.\n\n- \ud83c\udf31\u00a0Sustainable Revenue\nKT platform charges a 1% tranding fees on each trade, serving as a continuous income source for KoL. Additionally, every early \u201cChampioner\u201d of KT receives 5% of thetranding fees to foster community growth and participation.\n\n![cNFT](https://github.com/koltoken/sol/assets/146308769/63531f66-fbe2-401c-b3e1-efc497c19c8c)\n\n![oNFT](https://github.com/koltoken/sol/assets/146308769/f3853541-631b-424f-932c-ab0f55327bd4)\n\n- \ud83c\udf0d\u00a0Enhancing the Ethereum Ecosystem\nOur financial innovations can transform the blockchain economy by improving capital efficiency. These mechanisms increase liquidity, reduce costs, and free up locked funds, accelerating blockchain's widespread adoption.\n\n## How\n\n1. **\ud83d\udd10 Digital Identity**\n - Each Kol has a Bonding Curve Token (abbreviated as KT), uniquely identified by their Twitter account. The formula is as follows:\n - ![F1](https://github.com/koltoken/sol/assets/146308769/5eae86ed-929d-4a19-9ef8-a74ad6584cf0)\n        \n2. **\ud83c\udfc6 Dual NFT Rewards**\n  - Each KT is complemented by two NFTs:\n    - Owner NFT (oNFT)\n    - Championer NFT (cNFT)\n3. **\ud83d\ude80 Mint to Activate**\n    - Anyone can mint a cNFT to activate that KoL's KT.\n4. **\ud83d\udee1\ufe0f Anti-Exploit Minting Fee**:\n  - ![F2](https://github.com/koltoken/sol/assets/146308769/dd4867bb-a2c4-430c-b0f4-aea2d04ddb0e)\n5. **\ud83d\udc26 Twitter Verification**\n    - At any time, a KoL can authenticate via their Twitter account to claim their oNFT.\n6. **\ud83d\udca7 Transaction Fees**\n    - KT comes with a trading fee of  1%.\n7. **\ud83d\udcb0 Revenue Distribution**\n    - 95% of trading fees go directly to oNFT holders, with the remaining 5% to cNFT holders.\n    \n\n## Case Study\n\nTom, a devoted follower of Alice, recognized the significant impact of her educational content on social media. He decided to help Alice convert this influence into a digital asset\u2014the @Alice Token.\n\n1. **Quantifying Influence**: Using the KoL Token platform, Tom helped Alice evaluate and quantify her social media presence, resulting in the creation of the @Alice Token, which mirrors her impact.\n2. **Fan Investment and Engagement**: Tom invested in the tokens himself and encouraged other fans to do the same, transforming fans from simple supporters to investors sharing in Alice's success.\n3. **Technical Support and Profit Sharing**: As Alice is not a blockchain expert, Tom assisted her in setting up and managing a digital wallet to safely receive and use @Alice Token. Alice earns 95% of transaction fees as ongoing income, while Tom, as the initiator, receives the remaining 5% in fees, acknowledging his promotional and managerial efforts.\n\nUltimately, Tom's initiative not only secured a steady income for Alice but also rewarded him for his contributions!", "lastUpdated": 0, "projectGithub": "koltoken", "projectTwitter": "KoL_Token"}, "recipient": "0xC84bFA4Cc96E96804137135A671403fb77ef6427"}}