YAY Games updated tokenomics
The YAY Games Initial Decentralized offering (IDO) is almost here! Given the overwhelming interest and support shown by our investors, community, and partners, we have decided to update our previous tokenomics.
We are well aware that a change in tokenomics may cause some disturbance to those who have been with $YAY since the beginning. However, we believe the decision will be beneficial to everyone involved in our project.
The following article will give you all the latest details on prices, allocations, and vesting periods. We will also explain how and why these changes were implemented to ensure that you have all the information needed to make a conscious decision when it comes to participating in the YAY Games IDO.
The Reasons behind the updated model
Hard work pays off! In the past few weeks, we watched as our community grew at an astonishing rate. It’s good to know that so many of you share our vision. As expected, the demand for the $YAY token has also increased. Therefore, we have decided to take a step back in order to re-evaluate our tokenomics.
Due to increased demand, we have decided to raise our initial market cap from $253,000.00 to $510,000.00. In order to increase the market cap, we have unlocked tokens that were previously locked at the time of the Token Generation Event (TGE). Keep reading to get all the details.
In our old tokenomics model, tokens allocated to game mining mechanics, future developments, and community contests were locked for a certain period of time. Given the influx of new community members and investors, we have now decided to release a small percentage of those tokens at the TGE stage. Thus, our initial market cap will be higher than previously planned, but we can ensure that the recent updates won’t affect fundraising rounds. All metrics can be seen in detail below.
$YAY Token: The Basics
$YAY is a BEP-20 token hosted on the Binance Smart Chain (BSC), and it will be available for pairing with both BNB and BUSD after its release on decentralized exchanges.
Users can earn $YAY tokens by playing multiple games, unlocking new features, and achieving new rankings.
With the development of our marketplace and new games joining our community, we plan to launch more tokens and give users different revenue streams aside from the obvious sell features.
$YAY will also serve as a governance token, allowing token holders to vote on developments, partnerships, and other key decisions regarding the future of YAY Games.
- Token: Yay Games ($YAY)
- Total Supply: 1,000,000,000.00
- Token Price on IDO: $0.011
- Initial Market cap: $597,240.00
- Team members: 10%
- Marketing and PR: 10%
- Seed Round:8%
- Strategic Round: 7,5%
- Presale Round: 4%
- Public Round(IDO): 5%
- Game Mining: 20%
- Farming Rewards: 16%
- Airdrop for Initial Investor: 1.5%
- Future Developments: 14%
- Exchange Liquidity:3%
- Community Contests: 1%
- Seed Round: 400 000,00 @ $0.005 per $YAY
- Strategic Round: 450 000,00 @ $0.006 per $YAY
- Presale Round: 360 000,00 @ $0.009 per $YAY
- Public Round (IDO): 550 000,00 @ $0.011 per $YAY
- Team members: 4% released seven months after Token Generation Event(TGE) + 4% per month thereafter
- Marketing and PR: 2.5% released at TGE + 2.5% per month thereafter
- Seed Round: 10% released at TGE + 6% per month thereafter
- Strategic Round: 10% release at TGE + 7,5% per month thereafter
- Presale Round: 30% released at TGE + 14% per month thereafter
- Public Round (IDO): 30% release at TGE + 8,75% per week thereafter
- Game Mining: 5% release at TGE + 2.5% per month thereafter
- Farming Rewards: 5% release 90 days after TGE + 2.5% per month thereafter
- Airdrop for Initial Investor*: 33% per month starting from January 2022
- Future Developments: 33% per month starting month four onward
- Exchange liquidity: 50% at TGE + 50% for future listings
- Community Contests: 2.7% at TGE + 2.7% per month thereafter
*1.5% of the total supply is allocated to both private and public investors. To qualify for this airdrop, investors must not sell more than 60% of their allocations until the airdrop. Otherwise, they will be disqualified, and their airdrop allocation will be burnt instead.
About YAY Games
YAY is a decentralized gaming marketplace designed for gamers, traders, and farmers that merges the gaming sector with decentralized finance.
YAY, at its core, is a gaming marketplace platform that is introducing multiple games in a decentralized way, utilizing blockchain technology to diminish the gap between games and decentralized finance.
We bring the regular gamer into the blockchain by adding innovative in-game mining mechanics, farming pools and non-fungible tokens to casual games. Thus, rewarding the user based on the number of games played, achievements accomplished, tournaments and more.