$YOOH - Betting Token

Pirate Squad Wagering Token

Coming soon on our hub.

To have a clear management of the money flowing into the system, we had to create a token, responsible for handling the real value ($) on our hub.

This is why we created the $YOOH token. Used inside betting PvP modes or wagering applications, you'll need to deposit USDC or SOL to load your account with some $YOOH.

The value of each $YOOH is equal to exactly one dollar.

Deposit

To credit $YOOH to your account, you'll have to go through our deposit process. Simply connect your wallet on the hub, click on the "$YOOH" button on the top right part of your screen, and off you go!

Withdraw

Withdrawing $YOOH is as easy as depositing. Click on the "$YOOH" button on the top right of your screen, fill the withdrawal form, and voila! $YOOH cashed out!

Money Management Disclose

The Pirate Squad project manages its liquidity by swapping everything into a stable coins. If you want to deposit some non-stable tokens like SOL (and more coming), we will apply an optimal swap to it before crediting you the $YOOH amount. here are two examples:

• A user is depositing USDC, our system receives it, verifies the transaction and credits the exact same amount of $YOOH on the related user account (identified by the public address of the sender in the transaction). No swaping fees taken, no slippage.

• A user is depositing non-stable tokens, 1 SOL for example. Our system will use Jupiter swap to directly swap it to a stable token, USDC. The system will then verify the transaction and credit the exact same amount of $YOOH as the output of the swap, on the related user account (identified by the public address of the sender in the transaction). Swapping fees are taken, paid by the user.

With this strategy, we can allow user to withdraw without approval of our team, as we ensure that 1 $YOOH = 1 USDC.

Amounts will always be rounded down (0.01).