What is “Yaps” that has once again ignited the enthusiasm of the cryptocurrency community? How does the Kaito Yaps Points Program work? And what is the business of the development company Kaiko?
What is “Yaps”?
In the process of participating in cryptocurrency discussions, people can earn points through Kaito’s Yaps Points Program. “Yaps” claims to focus on real and high-quality participation in discussions, and uses advanced AI technology to measure the value and influence of content. This article will analyze how to earn Yaps points, common questions, and details of the scoring mechanism.
Yaps is not only a potentially useful tool, but what makes the community go crazy is the expectation of monetizing attention through points.
“Yaps”: Yapping, Rambling
Named “Yaps”, slang for Yapping, refers to the behavior of speaking for a long time disrespectfully to an uninterested audience, causing discomfort, annoyance, or dissatisfaction. This may also reflect the behavior of cryptocurrency KOLs on Twitter, who ramble, talk nonsense, express superficial views, and repeat biased opinions. Although “Yaps” claims to focus on finding high-quality content, perhaps its name indicates that “community attention” may be more important.
Understanding the Kaito Yaps Points Program and How It Works
How to earn Yaps points?
Yaps claims that the core of earning points lies in genuine and valuable participation. The following are the main criteria for scoring:
Cryptocurrency relevance: Content related to blockchain and cryptocurrencies.
Authentic and weighted interactions: Evaluated based on the reputation weight of the participants.
In-depth and original discussions: Prioritizing content quality over quantity.
It should be noted that Yaps points do not depend on the quantity of content or interactions, so they cannot be obtained through simple repetitive behaviors.
Yaps uses Proof of Work, Proof of Exchange, and Proof of Insight to describe the type of content the platform desires.
Only individual accounts can participate in Yaps, not company accounts.
Yaps is designed only for individual account participation, and if registered as a company organization, it will be blocked by the algorithm.
Yaps scoring criteria and fairness
1. Does it require mentioning specific projects?
No, it does not. Any discussion related to cryptocurrencies qualifies for Yaps points and will not be biased towards specific topics.
2. Do non-English content have the same weight?
Yes, it does. Kaito uses LLM (Large Language Model) that understands regional languages and ensures the same weight as English content. In addition, the platform is developing regional language models that adapt to subtle cultural differences in different regions.
3. Do you need to stay connected to “Kaito AI” all the time?
No, you don’t. After initial verification of the X account (Twitter), you can start accumulating Yaps points without the need to stay connected or frequently re-verify.
Common questions about Yaps
1. Why am I not receiving Yaps points?
Content does not meet the threshold of reputation-weighted influence.
Content is not evaluated by LLM as sufficiently in-depth or original.
Repetitive use of meaningless keywords will not be counted for points.
2. Do I need to mention Kaito to earn points?
No, you don’t. All eligible content will be counted without specifically mentioning Kaito.
3. Does Kaito have spam content filtering?
Yes, it does. Kaito uses LLM to filter low-quality content and junk information, ensuring fairness in scoring.
Yaps invitation links and referral points
1. Why are referral points not showing?
Referral points will only be counted after the invitee starts earning Yaps points, and the update frequency is once every hour.
2. How to find invitation links and social cards?
After logging in, go to the personal profile page and click on “My Social Card” in the upper right corner to generate invitation links and social cards, or directly share them on Twitter.
Explanation of Yaps proprietary terms
1. What is Total Yapss?
Total Yapss is the total points you have earned, including earned points and referral points.
2. What are Smart Followers?
Smart Followers refer to accounts in the cryptocurrency community with the highest internal correlation ratio, which are dynamically maintained by the algorithm.
3. What is Mindshare?
Mindshare is an indicator that measures the prominence of specific projects/people in the overall cryptocurrency market.
Yaps Interface Feature: Ranking of KOL Account’s Comprehensive Influence
Yaps uses Mindshare to rank different Twitter accounts, recording the Mindshare share of different accounts among participants. Currently, aixbt is leading. It also records the rankings of Top Gainer/Top Loser in Mindshare changes.
CT Yapsper Social Graph
It is an interactive section that allows you to view different connections in this social network.
Top 100 CT Yapsper
Yaps also displays relevant data for the top 100. In the image below, you can see Mindshare share, Casual vs Hardcore (content softness vs. hardness), Shitposter vs Curator (spam posting/curated content), Copy Paste vs Creative (copy-pasting/original content).
Smart Followers:
Kaiko states that this feature allows people to quickly discover communities of smart followers, which is very helpful for discovering investment opportunities and conducting research.
Yaps Interface Feature: Ranking analysis for public chains, startups, and VC themes
Similar to the statistical models mentioned above, Yaps’ rankings can also be applied to popular AI agent accounts, different public chain ecosystems, newly established accounts that have not issued tokens, and analysis of venture capital accounts.
Kaito Yaps Points Program’s Advantages and Limitations
Advantages of Kaito Yaps
Incentive mechanism for high-quality participation: Kaito’s Yaps points system focuses on the “quality” rather than “quantity” of content, avoiding many drawbacks of traditional points systems and preventing users from “gaming” the system through repetitive or junk content. This design promotes valuable discussions and is a positive driving force for the entire cryptocurrency ecosystem.
Cross-language compatibility: Kaito not only supports English but also multiple regional languages, and plans to deploy language models to bridge cultural differences in content, making it more internationally appealing.
Integration of AI to evaluate content: Content filtering and evaluation are performed through LLM, effectively removing low-value or junk content, ensuring a high level of user experience. It also features innovative indicators such as “Smart Followers” and “Mindshare”.
Simplified user process: The verification system is designed reasonably, and users can continue to accumulate points after the initial verification of their Twitter account, reducing the complexity of operations, which is important for improving user stickiness.
Referral system: Kaito’s referral points mechanism is transparent, and users can track the calculation method and update frequency of referral points, which enhances user trust to a certain extent.
Product limitations
Ambiguity in scoring criteria: Although Kaito emphasizes the quality and reputation-weighted influence of content, the specific scoring logic may not be transparent to users. For example, users may have difficulty understanding why certain tweets are not counted for points, which may cause confusion and frustration.
Not newcomer-friendly: New users may have difficulty quickly earning points due to a lack of initial reputation, which may make newcomers feel unfair to some extent, thus reducing their enthusiasm for participation.
Potential neglect of non-mainstream content: Although Kaito claims not to bias towards specific topics, mainstream cryptocurrency topics may still have greater influence. It may be difficult for users discussing niche or emerging projects to earn points that match their level of engagement.
Challenge of market education: The Yaps system is a new mechanism based on quality and reputation-weighted influence, but the market may not be familiar enough with this innovation. Kaito may need to invest more effort in market education to help users understand and adapt to this new points model.
Kaito provides information search and insights for the Web3 era
Kaito claims to be a next-generation information platform focused on Web3, capable of indexing a wide range of content sources that traditional search engines find difficult to access. These sources include social media, governance forums, research reports, news articles, podcasts, conference records, and other diverse data.
AI integration as a major feature
Kaito claims to extract actionable insights from massive unstructured data using advanced artificial intelligence technology as the core and transform them into user-friendly search results. This not only enhances the accessibility of information but also greatly optimizes the decision-making process for users.
Kaito states that its team consists of top experts in hedge funds, machine learning, and blockchain fields. The product includes Portal (a comprehensive Web3 information integration and analysis platform), API, quote systems, and the aforementioned Yaps.
Risk Warning
Cryptocurrency investment carries a high level of risk, and prices may fluctuate dramatically, resulting in the potential loss of your entire investment. Please carefully evaluate the risks.