What is YCLUB (SYC)?
YCLUB presents a proposal for a full-service ecosystem that provides a coherent user experience and a financial infrastructure to facilitate innovation in the virtual space. YCLUB will improve access to DeFi and, from there, to real-world investment opportunities. The emergent NFT market suffers from a perceived division between digital and physical asset NFTs. YCLUB’s proposed NFT strategy blurs these lines. Furthermore, YCLUB’s real-world asset ownership NFTs will be so unique that ownership validation is part of the value proposition: real-world asset-backed NFTs, with real utility, representing real assets. YCLUB's NFT marketplace offers its members access to the exclusive world of Superyachts. Community members enjoy revenue share opportunities and member-only access in the Metaverse and IRL.
What is the utility of YCLUB’s Native Coin?
The YCLUB coin, $SYC, is an ERC20 token minted on Ethereum. YCLUB will set up a liquidity pool to ensure that this token will be tradable via the peer-to-peer crypto token trading platform, Uniswap.
As the native token, $SYC provides the ecosystem reward mechanism and enables the distribution of revenue from the pNFT income streams. $SYC is also the coin used for trading within the Metaverse.
$SYC provides:
- Access to Metaverse and the Metaverse events
- The currency for trade within the Metaverse
- Reward for holding NFTs
- Reward for holding $SYC
- Governance over aspects of the DeFi and the Metaverse
$SYC is released according to a schedule to a fixed supply; see Tokenomics. It will also be available on a third-party DEX, i.e., publicly listed.