PiggyBank.co
  • Introduction to PiggyBank
    • The Rise of Memecoins
    • The PiggyBank Vision
    • What is PiggyBank?
  • How PiggyBank Works
    • How to get Credits
    • Opening LootBoxes
      • What's in each LootBox?
      • How do I withdraw my rewards?
    • FAQ
    • Tutorials
    • Official Links
  • Incentivised Testnet
    • Overview
    • Earning XP During Testnet
      • How to earn Credits and USDC on Testnet
      • How to get ETH on Testnet
    • How to Provide Testnet Feedback
    • Testnet FAQ
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  1. Introduction to PiggyBank

What is PiggyBank?

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Last updated 1 month ago

PiggyBank is an exciting new addition to the Yelay ecosystem, designed to help users maximize the potential of their idle crypto while gamifying the staking experience. By staking ETH, stables, and other popular currencies, users can earn "Credits" that can be used to open LootBoxes filled with memecoins.

A Credit is the primary unit of currency within our reward system, earned by staking your crypto. You can exchange Credits for LootBoxes, with the conversion rate being 1 USD for every 1,000 Credits.

During out Testnet, Credits can be earned through completing tasks on the platform and maintaining a streak.

During the testnet Credits can also be earned through activity in the platform and daily activity streaks.

LootBoxes

Once users deposit their crypto, they begin earning Credits, which can then be used to open one of four unique LootBoxes:

"For a Rainy Day": The entry-level LootBox containing one memecoin.

  • Memio": Provides 3 different memecoins with some low to mid cap gems.

  • "Coolio": The only Lootbox where you can receive credits as one of the rewards. It could be a cool option.

  • "Elite": Best in class and your best bet. 'Elite' features the best 'blue-chip' memecoins.

  • For further information, you can find our dedicated LootBoxes page here.

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