A genuine thank you to the community for your patience. We’re thrilled with the response we’ve received from those of you anticipating the launch of YOLOrekt, eager to get involved early.
The YOLOrekt team is working around the clock — and we have good news: we are finally clear for Beta launch on Tuesday, October 26th, 2021!
We are building one of the most advanced gamified experiences for short-term price predictions. And soon, the YOLOrekt Community will be able to experience and earn on predicting prices on popular assets such ETH, Doge, Tesla, JPY, and more — on 3-minute intervals. Make sure to follow our channels for all the latest launch details, Twitter, Discord, and Telegram.
Who gets the early Beta access?
As indicated in our previous article, there will be 251 Beta participants and some early YOLO OGs from 2019, all of whom will be airdropped YOLOrekt’s original mint NFT. This will serve as the key for participation. Along with the NFT, you will have YOLO Tokens for Beta (not real Tokens, yet), which will be airdropped and serve as a mechanism to participate and as a metric to measure the amount of YOLO you would be earning.
Furthermore, YOLOrekt is bringing you multi-colored coins in all their 8-bit glory (tip-of-the-hat to bitcoin and Nintendo OGs alike). Our most avid users can level up and acquire bigger and better Yolo NFTs — magenta, purple, silver, gold — which unlock more benefits and rewards, and of course, they are fully interoperable with ERC-721 compliant platforms.
All Beta participants can track their YOLO earnings through their YOLO wallets on the platform as shown below:
Don’t have an NFT, how do you get Beta access to earn YOLO?
We plan to let no more than 50 new users into the Beta program every week through referrals and contests. These contests, which will be hosted a few times a week, will allow those who are on the Waitlist to become active participants of the Beta program.
What will Beta users do?
In addition to being a part of the most fun and addictive prediction game, YOLO Beta participants will help discover usability issues and critical bugs. Don’t worry. We’ll handsomely reward you for your participation! YOLO NFTs are allowed to be re-sold whereby ownership will be transferred, which means you will be also transferring your participation statistics/incentives associated with it to the new owner. Some of the reward distribution metrics are also mentioned in our previous article.
The YOLO NFT will also serve as an indicator to track progress, participation in terms of the number of bids and total wins/loses, and total Beta YOLO won and lost. The more you participate in the YOLO Beta Program, the more YOLO you will earn!
Designed for maximum fun
The YOLOrekt UI and UX were built to not only maximize the gameplay experience, but to give the user the data they need at the right time, to make the most informed decisions about how to Bid. The Chat feature, which is globally accessible, is designed to keep you engaged with other bidders as the rounds progress, so you can share information and ideas. We’ve also focused on your earnings, winnings, and balances — so you are always aware of how much you’re winning (and losing), as well as YOLO earnings from participation.
There are more exciting UI/UX enhancements in the pipeline, so stay tuned.
YOLOrekt’s Automated Liquidity Balancer
The YOLO team will be introducing a novel liquidity balancing algorithm during beta. The algorithm provides intraround liquidity ensuring users the required counterparty matching for a low-fee and consistent experience at all times. Liquidity is drawn from a funding pool established by liquidity providers (LPs), who dedicate funds to the platform in exchange for fees earned from all game instances associated with the YOLO platform. The model uses a mix of concepts found in short-term trading and community discussions from the early stages of DeFi — these discussions were never realized for lack of practical implementation, until now. This is a new pattern with respect to DeFi not found in the current generation of primitives, setting YOLOrekt apart from all other platforms in the market. (Take a look at our LitePaper for more information.)
As early beta participants, you’ll get the opportunity to match up against both our algos and other participants. As contributors to the DeFi ecosystem, we believe in a healthy and open space, where we can advance dynamic, efficient marketplaces for participation by all. The algorithms will be open-sourced in due course as the logic migrates into a fully decentralized system. In the meantime, take a guess at how it works! Hone your strategy and get the edge!
About YOLOrekt
YOLOrekt is building a comprehensive short-term prediction platform for crypto, stocks, and more. YOLO is a social and fun way to bid on the future price of an asset. Provide in-game liquidity to earn game fees and YOLO rewards. Here’s our Twitter, Telegram, Discord, and Website:
Twitter | Telegram | Discord | Website
