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Cryptocurrency News Articles

Yay! accelerates the expansion of its ecosystem, first partnering with StakeStone

Aug 22, 2024 at 11:44 am

Yay!, a leader in the future of SocialFi, today announced the launch of the "Yay! Staking Campaign" on August 28 at 9 a.m. ET

Yay! accelerates the expansion of its ecosystem, first partnering with StakeStone

Yay! to Unveil Staking Campaign, Forging Ahead in Web3 Integration

Launch of Airdrop Campaign to Engage Community in Yay!'s Future

Yay!, the vanguard in SocialFi, today announced the launch of the "Yay! Staking Campaign" on August 28 at 9 a.m. ET, a pivotal initiative to bolster the foundation of the Yay! Web3 ecosystem.

Yay! is renowned for fostering connections among over 9 million individuals through shared interests since its launch in January 2020. Now, Yay! is set to expand its token economy both within and beyond the platform, leveraging new web3 features. The upcoming features will introduce four tokens: "YAY" (governance token), "EMPL" (utility token), "Yay! Genesis" (NFT for creators of Pals), and "Yay! Pal" (NFT for play-to-earn). Genesis holders will play a crucial role in the ecosystem by supplying Pals in Yay!.

Yay! is planning multiple airdrop campaigns to engage and reward its community. An overview website for the Staking Campaign and Airdrop has been published today. Through these campaigns, Yay! aims to gather dedicated supporters to help build and strengthen the Yay! ecosystem.

Yay! Staking Campaign

The Yay! Staking Campaign enables participants to earn various rewards, including protocol points, yields, Yay! Gold, and ???? points, based on the amount and duration of their staking. By inviting acquaintances, both the referrer and the invitee can earn additional rewards. Referral links are tied to wallets to connect to Yay! user accounts as future options. More vaults will be added gradually with different points and rewards.

Yay! Vault Partner: StakeStone

Yay! will be able to successfully launch the Staking Campaign in collaboration with our vault partners. The Yay! Staking Campaign allows stakers to select vault partners directly from the Yay! Dashboard, with these trusted partners managing the assets.

Yay! Gold Usage DetailsAnnounced at Yay! Carnival 2024, Yay! Gold is a new point system that can be used to redeem various Yay! services and products. Yay! Gold will be rewarded during the Yay! Staking Campaign and can be used for the following services:

Yay! Premium MembershipYay! Gold members can enjoy exclusive benefits within Yay!, such as priority access to new features, special events, and community support. Members will also receive Yay! Gold member badges on their Yay! user profiles.

Yay! Genesis NFT MintingYay! Gold can be used to mint Yay! Genesis NFTs, which are NFTs for creators of Pals. Genesis holders play a crucial role in the Yay! ecosystem by supplying Pals in Yay!. They will also receive special benefits and rewards in the future.

Yay! HardwareYay! Gold can be used to purchase Yay! hardware, such as Yay! Glasses and Yay! Controller, at a discounted price. These hardware devices are designed to enhance the Yay! experience and enable users to interact with Yay! in new and exciting ways.

Yay! MerchYay! Gold can be used to redeem Yay! merchandise, including Yay! T-shirts, hoodies, and accessories. These items feature unique Yay! designs and are available in limited quantities.

Yay! Gold will be gradually integrated into more Yay! services and products in the future. Stay tuned for further updates!

About StakeStoneStakeStone is an omnichain liquidity asset protocol building an adaptive staking network for liquid ETH/BTC. Through its yield-bearing asset, STONE/STONEBTC, it allows for asset staking beyond the traditional consensus layer. It is fully decentralized, has multi-underlying asset compatibility, automatic yield optimization, and maximizes capital efficiency for the crypto space. StakeStone is dedicated to establishing new standards for liquid assets and enhancing liquidity distribution to earn widespread user trust and adoption.

Website: https://linktr.ee/stakestone Official X : @Stake_Stone

About Yay!With the mission of "Building Community with Science," nanameue operates Yay!, the virtual world of interconnected interests. Since January 2020, Yay! has been providing a place everyone can belong to more than 9 million users. Its users connect based on shared interests, manage their smaller communities, and enjoy chatting on group calls while playing their favorite video games. With the circle feature, currently over 100K community groups are created. Next, Yay! aims to realize the future of SocialFi by creating a token-based economy.

Yay! Official Website (web version): https://portal.yay.space/en Download: https://yay.onelink.me/jqva/press X Official Account Yay! Global (@Yay_Global) https://x.com/Yay_Global

Original source:itnewsonline

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