Yay! wiki EN
  • Introduction
  • About Yay!
    • About Yay!
    • Yay!’s Key Features
    • Purpose
  • Tokenomics
    • Tokenomics Overview
    • YAY (Governance Token)
    • EMPLE (Utility Token)
    • Yay! Genesis (NFT)
      • Yay! Dashboard
      • Pal Minting
      • Difference in Expected Rewards Between Marketplace and Pool
    • Yay! Pal (NFT)
      • Community Contributions
      • Pal Life Spans and Beyond
      • Pal Strength and Rarity
      • Pal Races
      • Items and Effects
    • How Value is Focused to YAY
    • Legal Tender Revenue: Advertising and VIP Fees, etc.
    • Pal Purchases as the Driver of Tokenomics
    • The Reason Why Yay! Takenomics Can Be Sustainable
  • Information
    • Off-Chain and On-Chain Tokens
    • YAY Allocations
    • YAY Token Sales
    • EMPLE Allocations
    • Roadmap
    • Operating Policy
    • Our Team
  • Update
    • 2024-12-09 Yay! Mission Challenge for Genesis Holders
    • 2024-12-18: Pal Reward Adjustment and Yay! Gold Backfill
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  • Overview of Marketplace Tokenomics
  • Overview of Pool Tokenomics
  1. Tokenomics

Tokenomics Overview

The following tokens will exist in Yay! tokenomics: “YAY” and “EMPLE” as Fungible Tokens (FTs), and “Yay! Genesis” and “Yay! Pal” as Non-Fungible tokens (NFTs). The role of each token is described below:

  • YAY: governance token; issued on Soneium; 10 billion issue limit

  • EMPLE (EMPL): utility token; issued on Soneium; unlimited issues.

  • Yay! Genesis (Genesis): NFT giving the right to mint Pals; issued on Ethereum; 5,000 issue limit.

  • Yay! Pal (Pal): NFT for Play to Earn; issued on Soneium; unlimited issues.

There are two types of tokenomics within the service:

  • Yay! Marketplace: users participate by purchasing Pals.

  • Pal Pool: users participate by acquiring Pals for free.

Participants perform different roles according to their literacy and attributes.

  • Genesis holders: expected to be people who are very familiar with crypto assets and DeFi, community operators, and key opinion leaders (KOLs) whose role will be to boost Yay!’s recognition.

  • Pal purchasers: expected to be users familiar with GameFi or who have already acquired Pals for free and have a little first-hand experience of Yay! tokenomics through beta tests.

  • Users who have acquired Pals for free: expected to be users who have never been exposed to NFTs and crypto assets, or users who have engaged in GameFi in the past but may feel uneasy about purchasing NFTs.

A different persona is ascribed to each user role, with rewards earned and level of difficulty differing accordingly, but all Yay! users can participate in tokenomics by understanding of the risks and returns involved.

The value of the project is ultimately consolidated in YAY in a way that is designed to match the interests of all stakeholders.

Overview of Marketplace Tokenomics

Users can participate in our tokenomics by purchasing Pals. Marketplace transactions are designed so that purchased Pals will be able to earn a higher amount of EMPL than Pals acquired from the pool.

Overview of Pool Tokenomics

Transactions in the pool do not require underlying funds for purchasing Pals, and until users wish to sell EMPL they have obtained, there will be no need to set up a wallet or deal with crypto exchanges. This means that most activity can be completed off-chain, making participation risk-free and plausible even for crypto asset novices.

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Last updated 4 months ago