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Blockchain Powered Platforms

Web3 Social Networks Explained | How SocialFi Powers Communities

SocialFi merges social networking with decentralized finance (DeFi), powered by blockchain technology. It enables data ownership, token rewards, and community-driven governance, reshaping Web3-powered digital communities with transparency and security.

December 10, 2024

FREQUENTLY ASKED QUESTIONS

@yeytechnologies
What is YEY?
YEY is an innovative platform at the intersection of technology and culture. It empowers creators, gamers, and communities by offering unique digital collectibles called "Shinys" that represent membership and exclusive rewards, and access to events.
What are Shinys?
Shinys are digital collectibles on the blockchain, serving as a bridge between web2 and web3. They represent community membership and can grant access to exclusive activities and campaigns. 
What chain are Shinys on?

Shinys operate on the Polygon chain, offering swift transactions, low fees, and eco-friendly practices. Read more here.

What is $GUILD?

$GUILD is our native utility token, adding a layer of value within the YEY ecosystem. Stay tuned for more exciting developments around $GUILD!

What is the utility of Shinys?

Initially serving as collectibles, Shinys may gain additional utilities over time. For instance, holding multiple Shinys could enhance your eligibility for airdrops or exclusive perks within the YEY ecosystem.

Can I use YEY if I'm not familiar with blockchain technology?

Absolutely! YEY is for everyone. While blockchain is the underlying technology, the user interface is user-friendly, ensuring a seamless experience for all users. 

WANT TO GIVE
YOUR communities SOMETHING COOL?

YEY will help you reward your community in ways you’ve never imagined before. Come through - let’s work together!

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