Yumerium: A look at the YUM token

The YUM token is a fundamental component of the Yumerium ecosystem – a Blockchain based, incentivized, open gaming platform. The YUM token will serve as the economy driver of the Yumerium ecosystem, it’s use not limited to buying of game money or game items by gamers. One of the major problem of the existing gaming system is that gamers are not being given the recognition they deserve, Yumerium is aiming to correct this and other problems and introduce a gaming platform that gamers will be incentivized with YUM tokens for their contribution in promoting games each time they share or review games or even for playing certain games. Also game developers who are looking to promote their games will have to spend YUM token to incentivize gamers in order to retain their interest.

Yumerium has put a soft cap of $3m and a hard cap of $20m for the token sale. 50% of the total token supply of 633,813,700 will be available for purchase during the token sale. Contributions can be made in any of Bitcoin, Ethereum or Fiat. The presale will start on the 24th of May, 2018 with the first presale and a discount of 30%. The presale period will be in 3 stages, presale 1 (30% discount), presale 2 (20% discount), and presale 3 (10% discount) and it will last until the 10th of July, 2018. The main sale will start from 11th July, 2018 and end on the 24th of July, 2018 with a 5% discount. Also, they will be volume bonuses in addition to the presale bonuses.

One of the positives to take from the Yumerium token sale is in the amount of YUM token which is available for purchase. By making available 50% of the total token supply for sale puts a lot of power in the hands of the community users.

Looking at the additional volume bonus for the presale, I’m a little worried by the amount of bonuses being offered. Offering a bonus of up to 80% for $3m contribution may not spell well for the token value in the long run.

Important links

Website: http://www.yumerium.com/

Ann Thread: https://bitcointalk.org/index.php?topic=3272290.new#new

Whitepaper: http://www.yumerium.com/whitepaper.pdf

Telegram: https://t.me/joinchat/H5o7EE7ncnHvSXJJYWSLYg

My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1456130

 

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