The Reason Why Yay! Takenomics Can Be Sustainable
The common scenarios of collapse in GameFi can be summarized into the following five:
Price collapse due to oversupply of NFTs
Deterioration in capital efficiency as utility tokens become a one-sided sale
No external revenue and the operator collects fees from tokenomics
Not enough users of the service and only the tokens stand alone
Neglect of liquidity for external traders.
Yay!'s tokenomics will be designed to prevent a vicious cycle and create a sustainable tokenomics:
Having a limited life span for Pal will create demand for Pal by new users as well as existing users
Selling pressure for utility token is limited due to appropriate in-service utility consumption design and conversion structure to YAY on withdrawal
Yay! operation is run by external revenue through advertising and paid subscribe features and will increase the revenue as the user base expands. In addition, all of ETH in liquidity pool is used to sustain the token economy, including purchasing YAY at the time of withdrawal for EMPL
Currently, a large number of highly enthusiastic users use the service on a daily basis even without incentives
The design of the service is designed to create constant buying pressure whenever users withdraw EMPL. This makes it easier for traders to handle the service because the experience and liquidity of the service are the same
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