What Is Koisan (KIC)? Complete Guide Review About Koisan.

What Is Koisan (KIC)?

The site owner may have set restrictions that prevent you from accessing the site. Contact the site owner for access or try loading the page again. The access policies of a site define which visits are allowed. Your current visit is not allowed according to those policies. To continue engagement within the community after the pre-launch, Koisan will soon implement a social token called Spoon. With Spoon, we can offer incentives to community members to offer their skills to the co-op through quests and a tiered role system.

As community members continue to engage and provide their talents to the protocol, they will be able to purchase a higher tier role with Spoons that will give them a set amount of gems. The main roles that they can move up in will be Engineering, Policy, Community, Marketing, and Partnerships. Community members will assume more tasks as they move up the system, and they will be rewarded with more gems. Gems will be a form of currency that may be used to purchase Concave assets such as p-Tokens.

Koisan Storage Key Points

Structure

Koisan has a strong team with over 60 active contributors that are using their skills to make the project the best that it can be. Many of these talented individuals came from the community and worked their way up to important contributors to the protocol. The Miners (community) are without a doubt the most important members of the community. They are the foundation to which this co-op stands. Without them, the structure falls, and we are left with a failed polis. Synchronizers, Commanders, and Cave Dwellers exist because of the Miners. Their role is to shape the co-op by voting and proposing changes that directly strengthen the core.

Scrumlords

Koisan ensure that the team is synced vertically and horizontally across the organization. They are the Servant Leaders of the Teams and are a complementary role to the Commander. They are responsible for facilitating the Teams’ daily Scrum, Plannings and Retrosective meetings. They mentor, coach and guide the Team towards a high performing, self-directed, flexible, value production focus and to embrace the Concave Culture Code. They also assist the Team in removing any blockers to delivery.

Synchronizers

Synchronizers act as the liaison between their assigned department(s). Their main objective is to set macro-level co-op goals. Though they may not be directly involved with each and every project, they oversee and proactively seek opportunities to ensure the long-term success of the co-op. The Cave Dwellers (builders) are directly responsible for building and creating content that strengthens the co-op based on community feedback. They are the artists behind each and every project, ensuring that value is continuously produced and added to the co-op.

Frax Finance

Stable coins have over time become a huge market in crypto, worth over $167 billions at the beginning of 2022 and shows no signs of slowing down. There are two main categories of stable coins, centralized fully backed stable coins which are backed by $1 in a bank somewhere in the world (USDC/Tether) or algorithmic stable coins backed by crypto (DAI/Terra UST). Both categories of stable coins have their inherent flaws (centralized stable coins can blacklist funds and are reliant on an actor to ensure their promise to keep their backing, algorithmic stable coins are prone to losing their peg if the collateral crashes in a back swan event).

Koisan is the first fractional-algorithmic stable coin that aims to combine the best of both worlds and minimize the drawbacks of each model. This is open-source, permission less, and entirely on-chain – currently implemented on Ethereum and other chains. The end goal of the protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC.