YESP

Overview of YESP

YESP is a utility token built on the Ethereum blockchain. Launched in 2022, it is the native token of the Yesports.gg platform, a revolutionary web3 ecosystem designed to deepen the connection between esports fans, gamers, and the world of blockchain technology, powering various features and functionalities that enhance the overall user experience. YESP token holders can participate in shaping the future of the platform by voting on proposals related to its development and direction.

To obtain more information, you can visit their website: https://yesports.gg/ and try to log in or register to use more services.

Pros and Cons

- Integration with the eSports industry: By being intrinsically linked with the eSports industry, YESP can tap into a rapidly expanding market and provide unique solutions designed to cater to the needs of gamers, fans, and other stakeholders.

- Digital asset ownership recorded on a distributed ledger:Ownership of YESP is recorded on a blockchain. This provides transparency, prevents fraud, and enables easy verification of transactions.

- Management adheres to predetermined protocols: The operation, distribution, and governance of YESP adheres to predetermined protocols. This gives the entire system a degree of predictability and security.

- Potential price volatility: Like other cryptocurrencies, YESP can be subjected to intense price volatility. This could lead to financial losses if the market prices drop significantly after acquisition.

- Technological vulnerabilities: Blockchain technologies can have vulnerabilities that may be exploited by malicious entities leading to loss of digital assets.

What Makes YESP Unique？

YESP differentiates itself from other cryptocurrencies primarily through its close integration with the eSports industry. It offers a unique proposition for this particular sector, creating a streamlined ecosystem for gaming, athletes, fans, sponsors, and advertisement. Rather than positioning itself as a general purpose currency, YESP focuses on addressing the specific needs of the eSports industry, potentially offering more targeted solutions.

How Does YESP Work？

YESP operates on the principles of blockchain technology. This means that transactions carried out with YESP are stored consecutively in a digital 'chain' of blocks. Each block represents a transaction or a set of transactions. This allows for transparency and makes the ledger resistant to fraud or tampering.

The primary aim of YESP is to streamline interactions within the eSports industry. This implies that transactions and exchanges related to gaming, be it between players, fans, or sponsors, are simplified and made quicker and more efficient through the use of this cryptocurrency.

The decentralized nature of YESP transactions means that there is no central authority exercising full control over the currency. Hence, it offers a sense of autonomy and cuts the dependence on traditional banks for managing transactions.

Market & Price

Total circulating supply: The total circulating supply of YESP is currently 87.5 million. This means that there are 87.5 million YESP tokens that are currently in circulation. YESP is a non-mineable cryptocurrency. This means that there is no fixed supply of YESP, and new tokens can be created by the Yesports team at any time. This could potentially lead to inflation and a decrease in the value of YESP tokens.

The price fluctuation of YESP: Yesports raised $225 thousand in a crowdsale that started in Apr 2023, price for one YESP at ICO was $0.0400000. Yesports hit its maximum price on 18 Apr 2023 and has recorded an all-time high price of $0.016250. Roughly and 9 Months have passed since then.The minimum level YESP dropped after ATH is $0.000255 price is up by 14.01% from that low . For the previous 52 weeks, the lowest and highest value for Yesports was $0.0002552 and $0.0193990. Yesports YESP Price today is $0.0002909, for the last 24 hours 36,225,796 YESP coins were exchanged with a trading volume of $10,538.

Exchanges to Buy YESP

Gate.io: Gate.io is a prominent cryptocurrency exchange that provides a range of trading options for digital assets. It offers features such as spot trading, margin trading, futures trading, and perpetual contracts. Gate.io focuses on providing a secure and user-friendly platform for traders of all levels. It also offers a wide selection of cryptocurrencies for trading and has a reputation for good liquidity.

AscendEX (BitMax): AscendEX, formerly known as BitMax, is a global cryptocurrency exchange that offers spot trading, margin trading, and futures trading. It provides access to a wide range of digital assets and trading pairs. AscendEX emphasizes high performance, scalability, and security in its trading platform. It also offers features like staking, lending, and token sales.

How to Store Yesports (YESP)？

There are various wallets you can use to store your YESP tokens, each with its own advantages and features.

• Hot Wallets: Ideal for frequent use, platform activity, and easy accessibility.

Sequence wallet: This is a non-custodial web3 wallet developed by Sequence, a web3 development platform. It focuses on user-friendliness and seamless integration with various web3 applications and dApps.

MetaMask: A popular and user-friendly non-custodial wallet compatible with Ethereum and ERC-20 tokens like YESP. It's available as a browser extension and mobile app, providing easy access and flexibility for managing your cryptocurrencies on various devices.

Coinbase Wallet: Another well-known option, Coinbase Wallet offers a simple and secure interface for storing and managing various cryptocurrencies, including YESP. It's available as a mobile app and web extension, making it convenient for both on-the-go and desktop use.

• Cold Wallets: Best for long-term holdings and prioritizing maximum security.

Ledger Nano: A hardware wallet that stores your private keys offline, providing the highest level of security for your YESP tokens. Ledger wallets are small and portable, making them ideal for storing large amounts of cryptocurrency for long periods.

Trezor: Another popular hardware wallet option, Trezor offers similar security features to Ledger wallets and supports a wide range of cryptocurrencies, including YESP. It's known for its user-friendly interface and additional features like password management.

Is It Safe？

Whether YESP is considered “safe” as an investment depends on various factors, and assessing its safety requires a nuanced understanding of the associated benefits and risks.

One potential benefit is the growth potential tied to the expanding esports industry, projected to surpass $1.5 billion by 2025. Yesports.gg is positioned to capitalize on this growth, potentially increasing the value of YESP. Moreover, holding YESP provides access to a dedicated community of esports enthusiasts, fostering engagement, networking opportunities, and shared experiences within the Yesports.gg ecosystem.

However, investing in YESP comes with its share of risks. Cryptocurrencies, including YESP, are notorious for their volatility. The value of YESP tokens can experience significant fluctuations, and investors should be prepared for unpredictable market dynamics. Furthermore, the cryptocurrency market is relatively new and lacks regulation, exposing investors to market uncertainties and potential scams.

How to Earn YESP Coins？

There are several ways to earn YESP coins. By actively participating in the Yesports.gg ecosystem, showcasing your skills, and engaging with the community, you can unlock various avenues to earn YESP tokens and deepen your involvement in the exciting world of web3 gaming.

• Participate in Tournaments and Competitions:

Put your gaming skills to the test and compete in various esports tournaments hosted on Yesports.gg. Top performers and winners often receive YESP rewards as part of the prize pool.

• Fan Engagement and Content Creation:

Show your dedication to your favorite esports teams and players by cheering them on in competitions, creating fan art or content, and participating in community events. Yesports.gg may reward passionate fans with YESP tokens for their contributions.

• Marketplace Activity:

Buy and sell in-game items, NFTs, and other digital assets on the Yesports.gg marketplace. Each transaction incurs a small fee in YESP, contributing to the platform's economy and potentially earning you rewards if you frequently engage in marketplace activities.

• Governance and Voting:

As a YESP holder, you have the right to participate in the platform's governance process. Vote on proposals that shape the future of Yesports.gg and potentially earn YESP rewards for your active participation in shaping the platform's direction.

• Special Events and Airdrops:

Keep an eye out for special events and airdrops organized by Yesports.gg or partnered platforms. These events may offer opportunities to earn free YESP tokens through participation or giveaways.

Conclusion

YESP is a unique cryptocurrency that operates with an emphasis on the rapidly growing eSports industry. It aims to streamline interactions and transactions within the eSports landscape, making it a potentially appealing option within the digital currency realm. But it is subject to common risks such as price volatility, regulatory changes, and potential investment loss due to market factors.

FAQs

Q: What industry does YESP mainly serve？

A: YESP primarily targets the eSports industry, providing an integrated platform for gamers, fans, sponsors, and advertisers.

Q: What risks are associated with investing in YESP？

A: Investing in YESP involves potential risks such as price volatility, possible changes in regulatory policies, tech vulnerabilities, and market fluctuations which may lead to capital loss.

Q: What principles does YESP operate on？

A: YESP operates based on blockchain technology.

Q: Does investing in YESP guarantee profits？

A: No, investing in YESP, like all other investments, carries risks and does not guarantee profits.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.