Conclusion: If you're bullish on $YAKU my observation is that it's undervalued relative to peers.
Overview: YAKU is at the intersection of a Metaverse/ P2E Game. P2E is what will get people in the door, the utility/community is why they will stay.
General Thoughts: sticking just to the tokenomics of the protocol, learn more about YAKU: https://www.yakushima.io/#avatars
YAKU is currently implementing an interesting model of releasing the token w/out a price. Allowing users to stake and purchase in the secondary via @FamousFoxFed
This ambiguity is a double edge sword as it has gamified the desire to earn $YAKU, which I believe has lead to an extremely strong % of individuals staking (80%+).
Let's dive into the pros / cons of the tokenomics.
Max Supply: 500,000,000 $YAKU
Release Period: 2022-2024
The average person staking will earn:
2 $YAKU per bike - per day
6 $YAKU per capsule - per day
4 $YAKU per day for every avatar
12 $YAKU per day for each complete set of three you are holding
(give or take 20%-50% depending on rarity/tier).
In a two year deployment timeline, this will mean:
A maximum of (estimates based on max usage)
30.6m $YAKU, 6.13% for motor-cycle staking
122.6m $YAKU, 24.53% for staking a full sets/combo
306.6m $YAKU, 61.32% for racing
40.2m $YAKU, 8.02 for DAO and prizes
The functions of the $YAKU token within the Yakuverse will include:
- Renting Bikes, Spaces for Events
- *Purchasing upgrades
- Gambling @ YAKU casino
- Race betting
- Shopping
- Concerts / Events
10% of all tokens spent on items in the *metaverse store will be burned.
Main Question: Are the tokenomics sound / does the price reflect the potential?
Given the daily airdrop/staking yield is 30 $YAKU per complete set with a staked motorbike, a maximum total of ~210,000 $YAKU can be generated per day, 76,650,000 per year from these methods.
Todays current prices have $YAKU at $0.15 USD which equals ...
A Fully Diluted Market Cap of $75,000,000 for the $YAKU token. Assuming a 30% participation rate in the upgrade store 2.25m ($337.5k) $YAKU burned per year or .0045%.
Comparatively $SLP ($0.01) from Axie has a MarketCap of $487,251,695 (96% down from the peak of $0.39)
Lastly Solana comps like @SolChicksNFT $CHICKS ($0.011) has a Fully Diluted Market Cap of $111,754,132 (97.8% down from the peak of $0.5).
@YakuCorp wisdom of having a low total supply + staking w/out value + burn + utility (P2E) may boost $YAKU to a top 5 spot in its class.
There are so many other examples, but this is my take for now, DM with any questions, would love additional #thoughts