Question 1

What is SompsOnKas (SOMPS)?

Accepted Answer

SompsOnKas (SOMPS) is a meme coin created on the Kaspa blockchain to increase awareness of the smallest unit of Kaspa, known as "sompi", which is equivalent to 0.00000001 KAS. SOMPS is also a tribute to Yonatan Sompolinsky, the founder of Kaspa. The token is designed to bring attention to Kaspa’s foundational unit with a light-hearted approach, embedding cultural and historical significance. SOMPS is built within the KRC-20 token standard of the Kasplex platform and introduces new features to the Kaspa ecosystem​.

Question 2

What is SompsOnKas (SOMPS) used for?

Accepted Answer

SompsOnKas (SOMPS) has several functions within the Kaspa ecosystem. It acts as a meme coin, aiming to raise awareness of Kaspa’s smallest unit, "sompi", by bringing attention to it in a playful manner. Additionally, SOMPS is used to reward miners on the Kaspa network. A tool has been developed to track Kaspa transactions, allowing rewards to be distributed in SOMPS tokens to miners who successfully find network blocks. Furthermore, SOMPS introduces new features to the KRC-20 ecosystem, enhancing the functionality of this token standard on Kasplex. It makes use of Kaspa's technology to enable efficient data insertion and improved scalability.