Yay!｜Everyone can be themselves virtual world

Launched in 2020, the virtual world "Yay!" features a token economy utilizing crypto assets and currently has over 9 million registered users and more than 100,000 communities. Users can easily earn crypto asset rewards without opening a wallet or exchange account. Especially for users familiar with NFTs and DeFi, there are mechanisms in place to earn token rewards in more advanced ways.

Vision and Goals

Yay! leverages Web3 technology to promote participation in the token economy for a wide range of users, from beginners to experts in crypto assets. This platform adopts a design that allows even beginners to participate easily, while providing advanced economic activities using tokens and NFTs for advanced users. By implementing a reward system based on interaction and contribution within the community, it aims to establish a sustainable token ecosystem.

Characteristic Features

• Timeline Feature: Provides a timeline feature that allows users to view posts from followed users and open posts, according to privacy settings. Posts can also be displayed only to friends, allowing for safe communication.
• Group Call Feature: Equipped with a function that allows multiple people to make voice calls in real time, providing a place to enjoy chatting and games. Voice changer and BGM functions are also available, allowing for richer interaction.
• Circle Feature: Users can create their own communities based on hobbies such as games and manga, and manage them as administrators. This promotes interaction based on specific themes.

Token Ecosystem

Yay!'s token ecosystem is built around the ERC-20 standard governance token "YAY". YAY plays an important role in decision-making within the community, and users can use this token to receive rewards and sell them on exchanges. Furthermore, it provides rewards based on contributions within the community using the utility token "EMPL". EMPL is earned through community contributions using Pal and can be used outside the service by exchanging it for YAY.

Strengths

• User-Friendly Design: For beginners, a mechanism has been introduced that eliminates the need to open a wallet or exchange account. This allows users unfamiliar with crypto assets to easily participate in the token ecosystem.
• Advanced Features for Experienced Users: For users familiar with NFTs and DeFi, leveraged trading of token rewards and revenue opportunities through the provision of external liquidity are provided.
• Community-Driven Ecosystem: Users can earn rewards based on their contributions to the community, allowing all users to participate in the economy with a role to play. This establishes a sustainable token ecosystem.

Technical Strengths

Yay! employs major blockchain technologies such as Ethereum and Soneium, enabling safe and efficient management of tokens such as the governance token "YAY", the utility token "EMPL", and the NFT "Genesis". In particular, the minting of Pal using Genesis and trading on the marketplace are at the core of the ecosystem and are attractive elements even for advanced users.

Also, by separating on-chain and off-chain token management, it achieves high usability while complying with legal regulations. On-chain tokens can be traded on exchanges, while off-chain tokens are used within the app, allowing participation in the token economy with low fees.

Future Prospects

In the future, it is planned to provide more diverse use cases through partnerships with external partners and the addition of new functions. Furthermore, the expansion of the token economy centered on Genesis holders will be promoted, providing new revenue opportunities for users.

Yay! Official Documentation

Nanameue Inc. raised approximately 1.6 billion yen, including loans, in its Series B funding round from SBI Investment, FFG Venture Business Partners, Akatsuki, Headline Asia, Infinity Ventures Crypto (IVC), DG Daiwa Ventures, 90s, Skyland Ventures, and others.

Tokenomics

In Yay!, all tokens are issued at the time of the token sale, and 400 million YAY, which accounts for 4% of the total, will be distributed for the airdrop. It seems that airdrops can be earned by contributing to the community, participating in the testnet, and participating in various events.

Yay! Related Rewards

• Yay! Gold: Earned by performing activities as a Genesis, such as staking and supplying Pal by participating in the beta test.
• Yay! Points: Earned by participating in point campaigns and using Yay! daily.
• Yay! NFT: Distributed to participants in return for community contributions to the service, or at various events hosted or co-hosted by Yay!.

Referral Reward System

By referring other users, you can receive an additional 10% of the Yay! Gold earned by the referred users. Also, the referred users will receive an additional 5% of the Yay! Gold they earn. The referral limit is set to 50 people.

Airdrop Details Page

Summary of Steps

1. Connect your wallet on the website
2. Enter the referral code (2FI5Q)
3. Refer friends to earn rewards

Detailed Steps with Images

1. Connect your wallet on the website

2. Enter the referral code (2FI5Q)

3. Refer friends to earn rewards