Koinos Fund System
A comprehensive guide to using the Koinos Fund System (KFS) - the decentralized funding platform that empowers the Koinos blockchain community through democratic project funding.
Project Overview
What is the Koinos Fund System?
The Koinos Fund System (KFS) is a decentralized autonomous funding platform built specifically for the Koinos blockchain ecosystem. It serves as a democratic mechanism where community members can propose, vote on, and fund projects that advance the Koinos blockchain and its ecosystem.
Why does it exist?
Traditional blockchain funding mechanisms often suffer from centralization, lack of transparency, and limited community input. The KFS was created to address these fundamental issues by providing:
Democratic Governance
Every KOIN holder has a voice in which projects receive funding, proportional to their stake.
Transparent Process
All proposals, votes, and funding decisions are recorded on-chain for complete transparency.
Sustainable Funding
Continuous funding mechanism that supports long-term ecosystem development.
Innovation Driver
Encourages innovation by providing accessible funding for developers and creators.
How does it work?
The KFS operates on a simple yet powerful principle: community-driven funding through token-weighted voting.
Project Submission
Community members submit project proposals with clear objectives, timelines, and funding requirements.
Community Review
KOIN holders review proposals and vote using their tokens as voting weight.
Funding Distribution
Projects with sufficient community support receive monthly funding payments automatically.
Who benefits?
Developers
Get funding to build tools, dApps, and infrastructure for Koinos.
Community
Participate in governance and shape the future of the Koinos ecosystem.
Ecosystem
Benefits from continuous innovation and development funding.
Getting Started
The Koinos Fund System (KFS) is a decentralized platform where the Koinos community can propose, vote on, and fund projects that benefit the Koinos blockchain ecosystem.
What You Can Do
- Vote on projects using your KOIN tokens or VHP tokens (without spending them)
- Submit your own projects for community funding
- Track funding distribution and payments
What You Need
- Kondor wallet extension installed
- KOIN tokens or VHP tokens for voting
- Understanding of the Koinos ecosystem
Wallet Setup
Installing Kondor Wallet
Step 1: Install the Extension
Download and install the Kondor wallet extension from the Chrome Web Store.
Step 2: Create or Import Wallet
Follow the setup wizard to create a new wallet or import an existing one using your seed phrase.
Step 3: Connect to KFS
Click "Connect Wallet" in the top right corner of the KFS platform to connect your Kondor wallet.
Browsing Projects
The KFS platform displays projects in two main categories:
Active Projects
Currently running projects that are actively receiving funding based on community votes.
• Receiving monthly payments
• Open for voting
• Sorted by total votes
Upcoming Projects
Projects that will become active in the future and are currently gathering community support.
• Not yet receiving payments
• Open for voting
• Will become active on start date
Project Information
Each project card shows: title, description, monthly payment amount, start/end dates, total votes received, beneficiary address, and current payment status.
Voting System
How Voting Works
Vote Weight
Each KOIN and each VHP counts as one vote. You can allocate all your votes to a single project or distribute them among multiple projects (fractions of 5%).
Vote Duration
Votes are time-limited and will expire in 6 months. You can renew expired votes or change your vote percentage at any time.
Tokens are not locked
KOIN and VHP tokens are not locked, you can transfer them at any time. Whenever you make a transfer, your votes are automatically updated.
Impact on Funding
Projects with higher total votes receive priority in funding distribution. If the fund balance is insufficient, higher-voted projects receive full payments while lower-voted ones may receive partial or no payments.
Voting Steps
- Connect your Kondor wallet
- Click "Vote for Project" on any project
- Choose your vote percentage (5%, 10%, 15%, etc.)
- Confirm the transaction in your wallet
- Wait for transaction confirmation
Submitting Projects
Project Submission Process
Required Information
- • Project Title: Clear, descriptive name
- • Description: Detailed explanation of the project
- • Monthly Payment: Amount in KOIN requested per month
- • Beneficiary Address: Valid Koinos address to receive funds
- • Start Date: When funding should begin
- • End Date: When funding should end
Submission Fee
A submission fee is calculated based on the project duration and current number of projects. The fee is automatically calculated and displayed before submission.
Review Process
Once submitted, your project will appear as "Upcoming" until the start date, when it becomes "Active" and eligible for funding.
Submission Steps
- Click "Submit Project" button
- Fill out all required fields
- Review the calculated submission fee
- Submit the form and confirm the transaction
- Wait for blockchain confirmation
Funding Mechanism
How Funding Works
Fund Balance
The platform maintains a fund balance that is distributed monthly to active projects. You can view the current fund balance on the main page.
Payment Priority
Projects are ranked by total votes received. Higher-voted projects receive priority in funding distribution each month.
Payment Status
• Full Payment: Project receives full monthly amount
• Partial Payment: Project receives partial amount due to limited funds
• No Payment: Project receives no funding this month
Payment Schedule
Payments are distributed monthly according to the next payment time displayed on the main page.
Fees & Costs
Understanding Costs
Submission Fees
Project submission requires a fee calculated based on:
- • Project duration (end date - start date)
- • Number of existing projects
- • Fee denominator set by the system
No Voting Fees
There are no fees for voting.
- • Votes are free, you just need to hold KOIN or VHP.
Fee Calculation
Submission fees are calculated automatically and displayed before you submit your project. Make sure you have enough KOIN to cover both the submission fee and transaction costs.
Frequently Asked Questions
How do I get KOIN tokens?
You can purchase KOIN tokens from various exchanges or earn them through mining. Visit the official Koinos website for more information about acquiring KOIN.
Can I change my vote?
Yes, you can change your vote percentage or vote for different projects at any time. Your new vote will replace your previous vote for that project.
What happens if my vote expires?
When your vote expires, it no longer counts toward the project's total votes. You can renew your vote by voting again for the same project.
Why was my project rejected?
Projects are not rejected by the system - they are submitted to the blockchain and become available for community voting. Low community support may result in no funding.
How are payments distributed?
Payments are distributed monthly based on vote rankings. Projects with higher votes receive priority, and payments are made to the beneficiary address specified in the project.
Can I submit multiple projects?
Yes, you can submit multiple projects. Each project requires its own submission fee and will be evaluated independently by the community.
Ready to Get Started?
Join the Koinos community and start participating in decentralized funding decisions.