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The cryptocurrency industry has seen immense growth since its inception over a decade ago with the birth of Bitcoin (BTC). The past few years have been especially productive, and investors have benefited the most with various new opportunities coming from all types of projects.
Staking became a sensation last year as it allows token holders to lock their assets and receive rewards. NFTs, on the other hand, blew out of proportions in 2021, being adopted by prominent individuals and businesses outside of the crypto space.
Yummy Crypto has now decided to combine the best of both worlds by launching its Staking Ecosystem Platform with NFTs, aiming to increase APRs.
New Platform After 30% Token Burn
After a successful migration to the new V2 contract, Yummy Crypto is on its way to achieving its first roadmap milestones.
Its BEP-20 token, issued on the Binance Smart Chain, goes through regularly-scheduled burning events. The team behind the protocol recently updated that it had completed one of the biggest burns on BSC. A total of 150BIL Yummy tokens got burned worth approximately $1.5mil.
This means that roughly 30% of the currently circulating supply has been burnt, but the team made sure to emphasize that the total supply will always remain one trillion coins.
Separately, the team also outlined the launch of a brand new product, which aims to bridge the gap between staking and non-fungible tokens. Essentially, the feature, dubbed Staking Ecosystem Platform, will allow investors to lock their NFTs and have the chance to receive enhanced APRs.
What Are Yummy NFTs?
Yummy Dogs are 10,000 cute NFTs created from hundreds of possible traits. Each NFT is provably unique, with traits randomly assigned at the mint. Each Yummy Dog grants its owner access to the Yummy ecosystem, including educational content, additional staking rewards, and more!
What is the Yummy Dollar?
The Yummy Dollar (YUSD) is a completely new stablecoin that is going into the 1st stage funding round in early-mid January 2022. It will be used for staking purposes mainly on their staking platform.
The team emphasized that YUSD, operating as a stablecoin, is designed for long-term investments. As a stablecoin, it’s going to be pegged at $1, the main mechanic behind this is Yummy’s Growth Fund. The Growth Fund will be used for backing of the YUSD.
What is the Yummy Academy?
The Yummy Academy is a part of the ecosystem that is dedicated to delivering educational materials to the participants. Investors can enter the Yummy Academy by either owning at least 10 YummyDog NFT’s or paying a fee per class. The educational materials consist of general blockhain topics, teaching paticipants to use wallets/exchanges, safe investing, writing a smart contract, and much more!