> For the complete documentation index, see [llms.txt](https://yay.gitbook.io/yay-wiki/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://yay.gitbook.io/yay-wiki/yay-wiki-en/information/yay-token-sales.md).

# YAY Token Sales

YAY will be issued on the Ethereum blockchain according to Standard ERC-20, falling under “Cryptocurrency 1” classification.<br>

■ Overview of YAY

| Issuing Method                  | Issued in mass quantities through Initial Exchange Offerings (hereinafter, "IEOs")                     |
| ------------------------------- | ------------------------------------------------------------------------------------------------------ |
| Token Name                      | YAY（Yay Token）                                                                                         |
| Ticker Symbol                   | YAY                                                                                                    |
| Issuing Standard                | ERC-20                                                                                                 |
| Maximum Number of Tokens Issued | 10,000,000,000                                                                                         |
| Sales Method                    | Token sales through cryptocurrency exchanges for users verified by Know Your Customer (KYC) inspection |
| Uses                            | <ul><li>Ecosystem contribution rewards</li><li>Origin-related use</li><li>Staking</li></ul>            |
| Sales Dates                     | *To be announced*                                                                                      |

* We will maintain transparency by regularly publicizing our use of proceeds from IEOs, and by undergoing financial audits regarding this project’s expenditures
* Token sales will be carried out in compliance with the appropriate laws under the appointed jurisdiction. Users eligible for the sales of YAY will be those who have been verified by KYC inspection for the necessary cryptocurrency exchange.
* All customers of token sales and all others who possess YAY will undergo a strict KYC and AML (money laundering prevention) investigation, as well as agree to a list of potential sanctions. This will be carried out not by Yay! but by an appropriate, third-party service company.