Celo Labs x Yesports
CeloLaunch is pleased to announce that CeloLaunch Labs has completed the project appraisal rounds and invested in Yesports.
About Yesports
1. Project Overview
Yesports is the world’s first Web 3.0 Esports Engagement Platform (W3EP). The Yesports platform will provide access to exclusive content, community initiatives, merchandise, and more by acquiring or holding NFTs.
Yesports is setting a new standard for esports fan2team engagement by creating the World’s First and only Cross-Chain Metaverse Engagement Platform (MEP) — consisting of;
- Esports-centric NFT marketplace where esports teams can sell unique generative NFT packs or rare 1/1 NFTs on their own team NFT “storefronts”
- NFT Metaverse Access Cards that create true value for NFTs in that they have unique utility — allowing fans to access the Yesports Metaverse
- The world’s only Esports Metaverse that allows teams to create virtual space in web3 for their teams and fans to engage in ways never experienced before
- Yesports will also be governed by the $YESP coin where investors, advisors, teams and even fans will be able to stake, earn rewards and help decide on the future of the Yesports Metaverse Engagement platform long term.
Token Economy
The YESP token is not a payment utility token, it’s used for:
- First access/whitelisting (similar to what we see working well for top IDO platforms.)
- Staking and multi asset rewards (brining the best of DeFi markets into the NFT space to allow stakers to win NFTs, win more tokens, and other prizes related to the platform).
- Voting and governance rights (Over time allowing the market to move to a governance model)
- Receiving platform discounts (Binance is the exemplar here and we have worked across key advisors from binance to deliver great utility.)
- Buyback and burn – whilst not a feature of the token its a feature of the wider tokenomics, allowing the platforms fees to be used to buyback and burn the token.
Token Distribution
- Token Name: Yesports
- Ticker: $YESP
- Total Supply: 1,000,000,000
About CeloLaunch Labs
CeloLaunch Labs – Venture Capital of CeloLaunch, identifies, aims, and empowers viably potential decentralized entrepreneurs, startups, and communities, providing financing to industry projects that help grow the project larger in Celo and other ecosystem.
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