Yay! ecosystem is a token-based economic sphere operated within the Yay! platform.
This ecosystem is designed to allow all users to participate by utilizing tokens and contributing to the community, such as through app usage.
This approach fosters a system in which users deepen their connections, engage more participants, and help activate the app, driving growth and generating value.
Key Components of the Yay! Ecosystem
Tokens
$YAY serves as the governance token and is central to decision-making and reward distribution within the ecosystem.
$EMPL is a utility token that users earn by contributing to the community, which can be exchanged for $YAY.
Pal NFT Usage
Pals are digital pet NFTs that play a central role in ecosystem activities, encouraging user contributions and reward acquisition. Users holding Pals can participate in community activities to earn $EMPL and additional rewards.
Sustainability
The ecosystem sustains itself by reinvesting revenue from legal tender sources, such as ads and VIP subscriptions, back into the community. This supports demand for $YAY and enhances their value by offering ongoing revenue opportunities for participants.
User-Centered Design
The ecosystem is built to be accessible even for newcomers without specialized web3 knowledge, allowing simple entry into the token economy. Meanwhile, experienced users can leverage NFTs and DeFi features for enhanced returns.