[Press Release] SocialFi’s Yay! starts staking campaign from August 28th *Nanameue Co., Ltd.*
Press release: August 22, 2024
*To all members of the press*
SocialFi’s Yay! starts staking campaign from August 28th
*Partners with StakeStone as first protocol partner to accelerate ecosystem expansion*
* Nanameue Co., Ltd. (Headquarters: Minato-ku, Tokyo; CEO: Ishihama Takahiro (hereinafter referred to as Nanameue) announced today the Yay! Yay! We announced that the “Staking Campaign” will start on August 28th at 10:00 pm (Japan time). *
* Yay! releases staking campaign and airdrop overview site * Launched in January 2020, Yay! has over 9 million people using the “virtual world of likes and connections” and plans are underway to introduce new web3 features to expand the token economy both on and off the platform. This new feature introduces four tokens: YAY (Governance Token), EMPL (Utility Token), Yay!
Genesis (NFT that allows you to mint Pal), “Yay! Pal” (Play to NFT for Earn). In particular, the Genesis holder plays an important role in supplying Pal within Yay!
Yay! is planning to carry out multiple airdrop campaigns in the future, and today we have released the airdrop overview site along with the staking campaign. Through various campaigns, Yay! aims to gather supporters who can help build the ecosystem together. * Staking campaign site: * https://portal.yay.space/stake
* Airdrop site: * https://portal.yay.space/airdrop
* Staking campaign overview *
In the Yay! staking campaign, participants earn protocol points, yield, Yay!, depending on the amount and duration of staking. There is an opportunity to earn rewards such as Gold, ???? points. Also, by inviting friends, both the inviter and the participant can earn additional rewards. Referral links are linked to wallets and will be able to connect to Yay! user accounts in the future. More Vaults will be added in the future, offering different points and rewards. * Start date: * August 28, 2024 10:00 pm (Japan time)
* How to participate: *
– Participants use ETH to stake on Yay! Dashboard
*Dashbaord will be released on the start date via the campaign site – By joining with a referral link, both the inviter and the participant will earn additional rewards.
* Rewards: * Earn the following rewards depending on the staking amount and period
– Yay! Gold??? Points (details will be released later)
– Protocol points
– Additional rewards for referrals
*Campaign highlights:*
– At the initial stage, a total staking limit is set, but it is subject to change.
– Unstaking will reset ???? points, but Yay! Gold will not be affected. Yay by Unstake!
You will stop earning Gold, but any Gold you have already earned will be retained.
– Lockup conditions and the impact of unlocking on points vary depending on the protocol, so please check each before unstaking. – If you stake on StakeStone, the staker will say Yay!
You can earn Gold, ??? Points, StakeStone points, EigenLayer points, Symbiotic points, Mellow points. You can also earn double STONE-W1 points.
– For StakeStone, it may take 7-10 days for unstaking to be reflected on the Dashboard.
*Future plans:*
– Staking Vault will be added gradually
– Different Vaults offer different points and rewards
* Yay! Protocol Partner: StakeStone*
Yay! collaborates with partners to implement staking campaigns. The Yay! staking campaign allows participants to earn Yay!
By selecting “Vault (protocol partner)” directly from the Dashboard, your assets will be managed by the selected partner.
*About StakeStone*
StakeStone is an adaptive staking network backed by liquid Ethereum and Bitcoin, enabling asset staking beyond traditional consensus layers through STONE, a yield-producing asset. With its cutting-edge architecture, unwavering commitment to transparency, and advanced yield optimization, StakeStone is dedicated to establishing new standards for liquid assets and strengthening the distribution of liquidity across multiple chains and protocols. Masu. Our vision is to create liquid ETH/BTC with adaptive and optimized yield opportunities for everyone.
*About Yay!*
Yay! is a virtual world that connects people through love, launched in January 2020, based on the concept of “a place for everyone.” Yay!, used by over 9 million people, allows you to connect with people with similar interests, manage various communities, and enjoy chatting and playing games while making group calls. the current,
There are 100,000 active community groups within the app. In the future, we will build an economic zone on Yay! using tokens and NFTs, and realize a virtual world “Yay!” in the web3 era using sustainable tokenomics.
Yay! Official website: https://portal.yay.space/
Download Yay! here: https://yay.onelink.me/jqva/press
X official account Yay! Japan (@Yay_JP) https://x.com/Yay_JP X official account Yay! Global (@Yay_Global) https://x.com/Yay_Global X official account Yay! Update information (@Yay_Update)
https://x.com/Yay_Update
*About Nanameue Co., Ltd.*
Nanameue operates Yay!, a virtual world in the web3 era where anyone can express themselves, with the mission of “science of
connections.” In April 2022, we will complete Series B funding for a total of 1.6 billion yen, form a token economy on the community, and aim to realize a sustainable virtual world.
Nanameue official website: https://nanameue.jp/