Explaining the YOHO economic model: ecological value and pass-through logic
YOHO is a blockchain project derived from a decentralized autonomous ecological experiment in 2020, whose main purpose is to provide a low-threshold web3 social platform for the majority of users. The AITD Block social DAPP has been developed based on the AITD public chain, helping more zero-based users to realize a decentralized social experience and to understand and master Crypto knowledge, Web3 industry dynamics and other information.
The current social ecology based on YOHO integrates Web3 applications including NFT aggregated trading, GmaeFi, SocialFi, and its ecological pass YOHO is also planning to open trading pairs in PancakeSwap to realize the link between self ecology and external space. Currently users can get the token YOHO for free through the official YOHO campaign.
There are some issues we need to understand about YOHO.
1、What are the segments involved in the YOHO ecological plan?
YOHO is the first community certificate of interest on the AITD China chain, with strong MeMe social attributes, and its core business is naturally the SocialFi platform, which is mainly a social service. And social can bond more Web3 applications, just imagine, in YOHO social platform, user's avatar, virtual identity and every speech will be circulated in the decentralized world as unique NFTs.
These NFTs record the user's creation time, creation content, dissemination channels, user interaction records and other core value data, which not only makes the information more efficient dissemination efficiency, but also a high-value information carrier.
At the same time, as a proof of identity for users in the Web3 world, users can travel in the YOHO ecology, experience different types of GameFi, travel in different forms in the meta-universe, or seamlessly connect to different kinds of Web3 applications in major well-known public chains, which are all functions that YOHO has completed or is building, and the basis for all this is YOHO.
- How does the YOHO token work in the ecosystem?
As the underlying economic foundation of the Web3 ecosystem, owning a YOHO token means having access to the YOHO ecosystem applications and related rights. Users can choose to trade YOHO in the secondary market or participate in official pledging activities after obtaining and holding YOHO.
Or they can use YOHO to exchange NFT of the existing ecology and participate in the chain game ecology, through which YOHO can purchase the rights of the corresponding chain game to enhance the in-game experience and get more YOHO rewards. Take "Dark Horse" as an example, players pledge YOHO to get VIP level, can open different levels of the one-key skip function, and at the same time in the game can buy props to horse racing NFT synthesis breeding and even buy tickets interaction behavior, can directly improve the game output benefit.
3、YOHO consumption and release mechanism?
As a pass token running on the AITD Chain, every user interaction requires technical support from miners, so their interaction requires payment of a Gas fee. In the early days of YOHO, in order to improve the user experience, the government subsidized the cost of gas so that it was less than the normal application consumption. However, as the YOHO ecosystem grew and the number of interactive applications increased, relying solely on the government to maintain low gas was an extremely perverse way to develop.
With the adjustment of the official policy, part of the gas fees generated by user interaction will be used to maintain the stability of the ecology on the chain, and part will be given back to the community in the form of airdrops and other forms, so that the ecological cycle within the reality.
At the same time YOHO will implement a black hole destruction plan, destroying 1% per week, i.e. 100 billion YOHO; in the next 40–50 weeks, the total amount of YOHO issued will be reduced to 50% of the total supply.
4、What are the basic rights and benefits for YOHO holders to follow?
Ecological incentives are the most different between Web3 projects and traditional financial projects. In order to thank users who have contributed to the ecological construction in the early stages of the project, generally the project will use a separate portion of the total number of passes for user airdrops.
In fact, YOHO has already distributed a large portion of Toekn to allow many early participants to get enough rewards and incentives, and these airdrops are still going on in the social platform. And in YOHO's pass-through model, it also indicates that 15% of YOHO will be given out to give early adopters community participation rewards.
As a YOHO holder, you can quickly participate as an early adopter in the new projects that come online in the YOHO ecosystem, not only to get more lucrative rewards, but also as an ecological builder who will airdrop some of these chain Tokens to the users in the future.