Introducing YEY Points: Powering the Future of Fandoms

5 min readAug 26, 2024

New Era of Web3-Powered Fandom Communities + Rewards Redemption Update for S1 Questers

Today, we’re not just launching a new feature — we’re igniting a revolution in Web3-powered fandom communities with YEY Points, our brand-new in-app point system designed to empower community owners, fans, and brands alike.

YEY Points: fueling growth and engagement in web3-powered fandom communities.

This isn’t just another rewards system; it’s a paradigm shift in how fans engage, creators flourish, and communities thrive in the Web3 era.

📜 YEY POINTS MANIFESTO

Imagine a digital world where every engagement, participation, and creation truly matters. That’s the reality we’re building with YEY Points. As we grow together, YEY Points will spark exciting partnerships, empower you to shape the future of fandom communities and unlock the full potential of Web3 technologies.

More than just an in-app point system, YEY Points is the lifeblood of our ecosystem, designed to empower community owners, fans, and brands alike.

Our vision is to create a dynamic and inclusive reward system where every interaction, contribution, and engagement is valued and rewarded, driving sustainable growth and revolutionizing community engagement.

By participating in the YEY Points ecosystem, you’re not just earning points — you’re gaining a stake in the future of digital communities. Get ready to be part of something bigger!

Core Principles

Active Participation — Your engagement is your superpower. The more you contribute, the more rewards you unlock. It’s that simple!
Fairness and Transparency — No hidden algorithms here. Our reward system is clear, measurable, and fair for everyone. Your efforts will always be recognized.
Sustainable Value — We’re in this for the long haul. We’re constantly innovating to ensure your YEY Points become more valuable over time.

YEY Points unlock a world of exciting features and opportunities within the YEY ecosystem.

YEY Points Utilities

YEY Points are the cornerstone of our ecosystem, creating value for all participants through various utilities:

1. In-App Activities

YEY Points is the primary medium of exchange within our platform, enhancing user experience and unlocking premium features:

Premium Membership: Use YEY Points to subscribe to our soon-to-launch premium membership program, unlocking exclusive benefits and features.
Campaign Creation: Community Owners (COs) require YEY Points to run campaigns, ensuring high-quality engagement opportunities.

2. In-App Rewards and Brand Partnerships
YEY Points bridges the gap between users, creators, and brands, fostering a dynamic rewards system:

User Rewards: Earn YEY Points through quests, campaign participation, and friend referrals, creating a perpetual engagement loop.
Brand Collaborations: Partnering brands can offer YEY Points rewards in exclusive campaigns, providing unique marketing channels and user-earning opportunities.

3. Leaderboard Tracking

YEY Points serve as a metric for community rankings, adding a competitive edge to the platform:

Progress Tracking: Compare your YEY Points earnings and engagement levels with others on daily, weekly, or seasonal leaderboards.
Tiered Rewards: Climb the ranks to unlock higher tiers, qualifying for increased future rewards and benefits.
Community Recognition: Showcase your dedication and influence within the YEY ecosystem.

The future of YEY is bright, and with YEY Points, you’re holding the key to unlock it. We are committed to expanding YEY Points’s utility as we grow. Our development roadmap includes:

Exclusive community events with special rewards
Unique digital assets for YEY Points holders
Cutting-edge tech integrations to keep us ahead of the curve

We’ll announce new features and utilities as they’re finalized. Your feedback and usage patterns will help shape our priorities, ensuring YEY Points’s value continues to grow with our community.

YEY Points, USDC, or both? The choice is yours!

🏆 YEY QUESTS S1 REWARDS REDEMPTION

Now, for our dedicated YEY Questers, your moment to shine is almost here! From August 28 to September 16, 2024, you can turn your hard-earned XP into YEY Points and/or USDC. This is your opportunity to cash in on all your incredible contributions!

Starting today, you can check if you’re qualified to redeem rewards by visiting app.yey.tech/redemption. Set a reminder for August 28, when redemption begins!⏰

Redemption Strategy: YEY Points vs. USDC

Deciding between YEY Points and USDC? There’s no one-size-fits-all strategy. Consider your goals and choose the option that best aligns with your vision! Here’s a quick guide:

Choose YEY Points if you’re excited about the platform’s future, want to engage more deeply with the community, or aim to become a community leader.
Choose USDC if you need immediate liquidity.
Go for a mix if you want to balance long-term engagement with short-term flexibility.

Mix and match YEY Points and USDC however you like (e.g., 100% YEY Points, 100% USDC, 50–50 split, or any other ratio). Our previous article provides a breakdown of conversion rates with examples. Remember: your choice is flexible, but once made, it’s irreversible.

Why Choose YEY Points? 🤔

By opting for YEY Points, you’re investing in the future of YEY and fandom communities powered by Web3. YEY Points holders will enjoy:

Priority access to upcoming features
Exclusive opportunities with partners
Potential for growth as YEY expands

WHAT’S NEXT?

Your engagement fuels the YEY ecosystem. Whether you choose YEY Points, USDC, or a mix, you’re shaping the future of digital communities. Here’s what’s coming up:

Discord AMA (August 28, 2024, time TBC): Join us for an in-depth discussion on YEY Points. Get your questions answered and learn about exciting upcoming features!
YEY Quests S1 Rewards Redemption Period (Aug 28 to Sep 16, 2024): Don’t miss your chance to claim your hard-earned rewards! Remember to visit app.yey.tech/redemption when redemption opens.
Upcoming Features: Stay tuned for announcements about new ways to earn and use YEY Points.

To stay in the loop:

Follow @yeytechnologies for the latest YEY activities and opportunities.
Explore YEY Points to discover how they can unlock premium features and exclusive benefits.
Invite your friends to join the YEY community and experience the future of fandom together.

⏰ The redemption window is open from August 28 to September 16, 2024. Don’t let your hard-earned XP go to waste! Mark your calendar and bookmark the redemption page at app.yey.tech/redemption.

Thank you for being an integral part of our community. Let’s shape the future of web3-powered fandom communities, one YEY Point at a time! 🌟

About BlockchainSpace

BlockchainSpace is a Singapore-based Web3 company backed by leading investors that fuses technology and culture to empower diverse communities across Southeast Asia — from gaming and the creator economy to sports, music, and everything in between.

Offering specialized solutions like YEY, Metasports, Creator Circle, and the Guilds Hall, BlockchainSpace delivers tailor-fit tech solutions that redefine digital engagement and community growth.

YEY, a Web3-powered platform for fandom communities, is owned by CAAB Technologies Inc. This community engagement and loyalty platform helps fandoms thrive by providing powerful tools and support, empowering both community owners and members to celebrate their shared interests and unlock exclusive experiences.

$GUILD is the utility token underpinning BlockchainSpace’s entire ecosystem. It facilitates seamless interactions, incentivizes engagement, and creates value across BlockchainSpace’s diverse Web3 applications and communities.