Introduction

Yay! is the social community hub that came into being in January 2020. Its 9 million+ registered users have created over 100,000+ communities where they can chat and play games with each other through group calls. We are building a token economy using crypto assets, based on this community service that many users use daily.

The key feature of Yay!'s token economy is that it is designed to allow users to engage in ways that match their literacy and preferences.

Yay! users can earn token rewards based on their contributions to the community. When receiving rewards, the system is designed in a way that does not require special web3 knowledge such as managing wallets or exchange accounts, making it easy for users who have never dealt with crypto assets to get started. On the other hand, users who regularly play GameFi and web3 service platforms can leverage their token rewards by purchasing NFTs.

For advanced users experienced in Decentralized Finance (DeFi), we have established roles that enable them to contribute external liquidity to the ecosystem. We provide options to mitigate risks while offering revenue opportunities that grow alongside the expansion of the Yay! community.

Yay! aims to lead the mass adoption of web3, involving users who have never interacted with crypto. Yay! will realize the vision of true “Social Finance (SocialFi)” through its authentic community and generating revenue as a social service.