KAP Games collects publishing and distribution fees from games on its platform and services, as well as a fee from in-app purchases and microtransactions inside of its games.

KAP Games is a web3 gaming distributor, publisher & studio, specializing in browser and mobile-native experiences. KAP Games was founded by the Kapital Foundation and launched in 2022.

KAP tokenholders own and govern the protocol. They currently take all of the total publishing and distribution fees (revenue). Kapital DAO's investors include Polygon Ventures, Wintermute Ventures, Yield Guild Games, etc.

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KAP Games

# KAP Games Token incentives Methodology

## 1. Overview

The Kapital DAO token incentives metric measures the daily value of KAP tokens paid as fees by gaming organizations to Kapital DAO when collecting rewards through the platform. This metric tracks revenue generated by Kapital DAO's gaming infrastructure, representing in-app fees collected from gaming partners. The calculation identifies KAP token transfers that occur during rewards collection events and aggregates them into daily USD amounts.

## 2. Data sources

The calculation relies on several underlying data sources:

- **Smart contract events**: Parsed `CollectRewards` events from Kapital DAO's RewardsLocker contract on Ethereum, which are emitted when gaming organizations collect their accumulated rewards
- **Blockchain transaction data**: Ethereum ERC-20 token transfer logs capturing all KAP token movements on the network
- **External data**: End-of-day token price feeds for KAP token USD conversion and token metadata for decimal precision corrections

## 3. Step-by-step calculation

### Component A: Rewards collection event extraction
- **Purpose**: Identifies when gaming organizations collect rewards through Kapital DAO's platform
- **Logic**: Extracts `CollectRewards` events from the RewardsLocker smart contract on Ethereum. Each event contains the beneficiary address (gaming organization), transaction details, and timing information. These events serve as the trigger points for fee collection.
- **Key fields**: `block_timestamp` for timing, `transaction_hash` for linking to transfers, `beneficiary` address for the gaming organization, `log_index` for unique event identification

### Component B: Token transfer matching
- **Purpose**: Identifies the actual KAP token transfers that represent fees paid during rewards collection
- **Logic**: Matches token transfer logs with rewards collection events using multiple criteria. For each `CollectRewards` event, finds corresponding ERC-20 transfers where the transaction hash matches, the transfer recipient matches the event beneficiary, the token address is the KAP token contract, and the final recipient is Kapital DAO's multisig address. This ensures only fee transfers related to rewards collection are captured.
- **Key fields**: `token_address` filtered to KAP token contract, `value` as the transfer amount, `to_address` matching both event beneficiary and multisig address

### Component C: Business classification and aggregation  
- **Purpose**: Categorizes and aggregates the fee transfers for consistent reporting
- **Logic**: Classifies all identified transfers as belonging to the Gaming business line with gaming market sector and game business segment. Groups transfers by day using timestamp truncation, summing the token amounts for each day. Assigns version as 'v1' and chain as 'ethereum' for consistent categorization.
- **Key fields**: `timestamp` truncated to daily grain, `business_line` set to 'Gaming', `market_sector_id` as 'gaming', `amount` as aggregated daily token transfer values

### Component D: USD conversion and decimal correction
- **Purpose**: Converts raw token amounts to standardized USD values
- **Logic**: Applies the standard USD conversion process using end-of-day price feeds for KAP tokens. Corrects for token decimal precision to ensure accurate value calculations. Uses the token's defined decimal places to properly scale raw transfer amounts before price conversion.
- **Key fields**: USD-converted `amount` values with proper decimal scaling applied

### Final aggregation
- **Combining components**: The processed transfers flow through the finalization macro which validates the data schema and ensures complete time series coverage
- **Currency conversion**: Token amounts are converted to USD using end-of-day KAP token prices, with decimal corrections applied based on the token's 18-decimal precision
- **Time aggregation**: Daily boundaries are determined by truncating block timestamps to day level, with all transfers within a day summed together
- **Final calculation**: The final metric represents the sum of USD values of KAP token transfers to Kapital DAO's multisig that occurred during gaming organization rewards collection events, aggregated by day with zero-filling for days without activity

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of native tokens distributed as incentives.

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Token incentives

Token incentives

Competitive landscape

Chain breakdown