Utility
The $YOYO token utility plan
The Yoyo Market Token is a vital component of our app, acting as the foundation for building a strong user base and cultivating a lasting community. We've carefully designed the utility of our token to bring all participants into harmony and drive sustained growth.
Weekly fee rebates through staking:
Each week, 40% of revenue is allocated to fee rebate
Users who contributed revenue to the protocol and staked at least a certain amount of tokens will be eligible for rebate. This amount can change over time and will be communicated on official channels.
To stake $YOYO, use the same Ethereum mainnet wallet address as the one that you are using on our app on the Arbitrum network. Tip: Import your private key into a wallet of your choice, such as Metamask, and send the $YOYO tokens you want to stake to this address.
App revenue While our app is free to use, it charges a fee of 5% on successfully executed pools and PvP predictions. This fee is firstly being used for paying gas fees for settling challenges and pools. Do note that the app fees are subject to change in the future. Overall, this is how the revenue distribution would look like (after paying for gas):
50% will be allocated to growth of the project: lp, development, mods, infrastructure and other mandatory day-to-day costs
30% rebate for stakers
20% buyback & burn
Please note that $YOYO is purely a utility token being used within our Telegram web app. $YOYO holds no inherent financial value or investment potential.
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