yoyo

yo yo! thank you to all who've been creating, collecting, and trading on yoyo thus far :)

two product updates:

1. creators can now configure pricing

2. the default pricing is lower, to encourage more trading

more on both below!

Having traded for the first few days, I like the idea.
But there are points that need attention:
As the price goes up, new collectors lose motivation to buy because the value is not clear. When the price is low, it's just fun. But when the price goes up, you need an incentive.
Some thoughts:
Thread.

Crypto since the early days. Investor. Trader. /onchain

As a solution, I see a reward system for collectors that correlates equally with price, adjusted for time of purchase. What the rewards would be is a question that needs further study.
For example, it could be points convertible into tokens.

Don't judge harshly, these are just raw thoughts full of inaccuracies. I may be wrong about something. I will be glad to get feedback.
Overall, the idea is cool and can be scaled!

To stimulate demand for tokens, we need stakers who will be rewarded from every transaction on the platform.
To increase liquidity, we need an environment for speculators. It all starts with them.