[PRESS RELEASE – Lisbon, Portugal, 10th May 2022]
Yuse ecosystem launching its own wallet
Yuse protocol, an ecosystem of digital products backed by blockchain technology, is taking a big step forward with the release of its non-custodial wallet.
From the 19th of May onward, members of the Yuse community will be able to store their Yuse Tokens ($YUSE) in a safe and decentralized manner. Beyond storage, users will be able to earn rewards by staking $YUSE, as well as take advantage of the wallet’s built-in exchange to perform trades.
What is Yuse?
Built on the Binance Smart Chain (BSC), Yuse is a comprehensive ecosystem that will allow users to earn rewards by playing games, learning, socializing, as well as creating and consuming content.
All of the features aforementioned are backed by $YUSE, a multi-purpose utility token that powers the protocol and its rewards structure. $YUSE was recently listed on both Coinmarketcap and Coingecko, the two largest price-tracking websites for crypto assets.
Overview of Yuse’s Ecosystem
Yuse is pioneering several decentralized applications (dApps), each one offering a different service.
The first digital product being developed by Yuse is Circle, a dating platform that rewards users for simple actions such as chatting or completing their profiles. Users are financially incentivized to engage with the platforms, receiving YUSE tokens for creating, sharing, and consuming content.
The Circle platform will take extra security steps by storing data on the blockchain, thus minimizing the risk of sensitive information about users being hacked and leaked. Another innovative feature is the decentralized conflict settlement system, where users can vote and decide if certain users should be kicked out or allowed to stay in the community.
Another application in the pipeline is the Yuse university, a learn-and-earn program that uses blockchain technology to track users’ accomplishments. Scholarships will be distributed among the community, allowing students of the Yuse university to participate in different courses. The Yuse university offers gamified educational content, as well as YUSE rewards, so students are highly engaged and eager to learn.
Other products being worked on by the Yuse team include a SocialFi application (FUNTasy), a GameFi platform (YUPLAY), a decentralized cloud storage solution (AIRlift), and a unique traveling application (XperienZ).
Bright Future Ahead
The YUSE token will be at the center of every product and service, making the wallet release a major milestone achievement. Further down the road, the YUSE team aims to integrate a non-fungible token (NFT) marketplace into its ecosystem, as well as leave BSC to create its own highly scalable blockchain.