2021-10-19 06:36:34
ANNOUNCEMENT - YAKI GOLD (YAG)
We have recently received a large amount of feedback regarding the volatility of the YAG price as well as the increase in YAG supply.
We are aware of the situation and have devised a strategy to solve it.
First, we created YAG as the second currency in the CryptoZoon ecosystem to protect the project's long-term development and to support ZOON token deflation.
YAG is designed to function similarly to Axie Infinity's SLP. As a result, YAG can be mined and added to the reward pool of the Fight Monsters game. This is the primary cause of YAG's price decreases and inflation.
On the MEXC side, they have been extremely supportive in the token listing. Furthermore, MEXC has no impact on the price decrease of YAG. We appreciate this cooperation and hope that
users understand the situation and do not have negative opinions towards MEXC.
To handle the problem of inflation, we have announced
a plan to improve and develop the CryptoZoon game system. Yag used for ZOAN hybridization, purchasing, and upgrading items will be burned immediately. As the products are completed, we will
disable the Fight Monsters function and replace it with PVP modes on the game application, where you will have to overcome difficult challenges as well as defeat other players in order to earn the rewards. Therefore, the total supply of YAG will decrease significantly and the current inflation phenomenon will be resolved.
The detailed plan will be available to the community in the near future.
Thank you for your understanding.
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