BlockchainSpace’s YEY Launches In-App Factors System | BitPinas

ByTecha Viral
BlockchainSpace’s YEY Launches In-App Factors System | BitPinas

Rewarding those that joined the lately concluded YEY Quests Season 1, the rewards redemption marketing campaign of metaverse guild hub BlockchainSpace’s expertise platform YEY has began, the place quest factors could be redeemed for XP, that are convertible to both YEY factors, USDC, or a mixture of each.

What’s the importance: A rewards redemption marketing campaign exhibits that crypto entities are critical about rewarding contributors that assist construct their group. 

About YEY Quests S1 Rewards Redemption Marketing campaign

  • Conversion: Contributors can redeem their farmed quest factors into XPs.
    • 1 XP = 1.5 YEY Factors
    • The conversion of XP into $USDC relies on a pro-rata share of the rewards pool
  • Find out how to redeem rewards?
    • Log in to YEY and go to the Redemption Web page.
    • Choose the popular steadiness between YEY Factors and $USDC.
      • Be aware: USDC will likely be distributed on the Polygon community, requiring a appropriate pockets.
    • Affirm and redeem the rewards.
  • Timeline: The redemption window is simply open till September 16, 2024.

About YEY Factors

Photo for the Article - BlockchainSpace’s YEY Launches In-App Points System
  • Operate: In accordance with BlockchainSpace CEO Peter Ing, YEY Factors will function the expertise platform’s in-app factors system. 
  • Advantageous: BlockchainSpace, in a media launch, encourages S1 contributors to transform their XPs into YEY Factors due to an a variety of benefits:
    • Profit 1: YEY Factors will unlock precedence entry to approaching options, unique collaborations, and potential development alternatives because the platform expands.
    • Profit 2: YEY Factors would be the official factors system for the platform’s future campaigns.
  • Use Circumstances: YEY Factors can be utilized on:
    • Extra campaigns
    • Premium options
      • Verified badges
      • Superior dashboards
      • Co-Branding alternatives
      • Income-sharing choices.
    • [Soon] Exchanged for rewards or tokens. 
  • Find out how to Earn YEY Factors: 
    • Working campaigns
    • Claiming Shinys
    • [Soon] Via purchases. 
Photo for the Article - BlockchainSpace’s YEY Launches In-App Points System

Key Quote: 

“YEY POINTS (YP) is the in-app point system for YEY.tech  A point system for our Community Owners. A point system for the Fanbases of our Community Owners.. Engagement needs to be tracked!”

Peter Ing, Chief Govt Officer, BlockchainSpace

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What to observe: BlockchainSpace highlighted that the launch of YEY Factors introduces a brand new period of group engagement, with future occasions, unique rewards, and potential partnerships within the pipeline.

The underside line: YEY Factors was famous to empower customers to form the way forward for the YEY ecosystem, providing each engagement alternatives and monetary rewards.

Value studying: In Might, YEY model 1.4 was launched, that includes cryptocurrency pockets integration and social media platform connectivity to boost consumer expertise by means of improved interplay and connectivity.

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