$YOOL

The native cryptographically-secure fungible protocol token of the Yooldo platform (ticker symbol $YOOL) is a transferable representation of attributed governance and utility functions specified in the protocol/code of the Yooldo platform, and which is designed to be used solely as an interoperable utility token thereon.

$YOOL token utilities are as follows:

Governance Staking

$YOOL would allow holders to propose and vote on governance proposals to determine future features, upgrades and/or parameters of the Yooldo platform, or provide feedback, with voting weight calculated in proportion to the tokens staked. The right to vote is restricted solely to voting on features of the Yooldo platform; it does not entitle $YOOL holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, or select the board of directors of these entities, or determine the development direction of these entities, nor does $YOOL constitute any equity interest in any of these entities or any collective investment scheme; the arrangement is not intended to be any form of joint venture or partnership.

It is the community members which would maintain and drive the development of the Yooldo platform, so $YOOL incentives would need to be distributed to promote enthusiasm for community governance, increase community activity, and compensate them for their time, expertise and effort. Only users who have participated in the submission of proposals, commenting, reviewing and/or voting will be entitled to receive $YOOL token governance rewards. These governance rewards will include all profits occurring in the platform, such as a portion of in-game fees, marketplace fees and NFT sales etc.

Platform Assets Purchase

$YOOL is a functional multi-utility token which will be used as the medium of exchange between participants on the Yooldo platform in a decentralised manner. The goal of introducing $YOOL is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the Yooldo platform without any intermediaries such as centralised third party entities/institutions/credit. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. $YOOL does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $YOOL entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. $YOOL may only be utilised on the Yooldo platform, and ownership of the same carries no rights, express or implied, other than the right to use $YOOL as a means to enable usage of and interaction within the Yooldo platform. The secondary market pricing of $YOOL is not dependent on the effort of the Yooldo team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.

As the native platform currency, $YOOL can act as a medium of exchange for purchasing all platform content and game-related assets including PFP and Partz NFTs. $YOOL which had been collected from purchases will be included into the incentive pool, and set aside to incentivise active contributors and users on the platform.

Platform Incentive Pool

$YOOL provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on the Yooldo platform, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. $YOOL are an integral and indispensable part of the Yooldo platform, because without $YOOL, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on the Yooldo platform. Given that additional $YOOL will be awarded to a user based only on its actual usage, activity and efforts made on the Yooldo platform and/or proportionate to the frequency and volume of transactions, users of the Yooldo platform and/or holders of $YOOL which did not actively participate will not receive any $YOOL incentives.

The $YOOL incentive pool will be distributed to incentivise all active participants on the platform, for example users which play the supported game, purchase or trade in NFTs, participate in governance voting, or participate in special events/activities. The pool will include a portion of all in-game content commission, marketplace commission and NFT sales revenue.

Yooldo Content Commission

$YOOL can be used to pay fees for purchasing and providing content on the Yooldo platform. These content will include Yooldo content-branded NFTs, merchandise and game items. Also, a part of content commission can be allocated for ecosystem development to support other content on the platform.