Yral

What is YRAL?

YRAL is a decentralized, gamified social media platform built on the Internet Computer Protocol (ICP). It enables users and creators to monetize their time and content through Play-to-Earn mechanics, fostering an equitable and engaging digital ecosystem. Originally launched as "Hot or Not," YRAL rebranded and decentralized via the Service Nervous System (SNS) in July 2023, transitioning to a fully on-chain model. The platform offers short-form video content, interactive games, and a creator-centric economy, aiming to redefine user engagement in the Web3 era.

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Key Features

• Gamified Content Interaction: YRAL incorporates Play-to-Earn mechanics, allowing users to earn rewards by engaging with content, participating in challenges, and contributing to the community.
• CENTs and DOLR Economy: The platform utilizes CENTs as its in-app currency, which can be converted to DOLRs (1 DOLR = 100 CENTs), providing real-world value and simplifying the cash-out process for users.
• AI-Driven Personalization: YRAL employs artificial intelligence to personalize content feeds, enhancing user experience by delivering relevant and engaging content.
• Cross-Platform Accessibility: Available as a Progressive Web App (PWA) and on iOS, with an Android version in development, ensuring broad accessibility for users across devices.
• Creator Empowerment: The platform supports a growing community of over 3,500 creators, offering tools and opportunities to monetize content and engage with audiences effectively.

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Native Token: CENT

CENT is YRAL's in-app currency, serving multiple roles within the ecosystem:

• Earnings: Users earn CENTs by participating in platform activities, such as content creation, engagement, and gameplay.
• Transactions: CENTs facilitate transactions within the platform, including tipping creators and purchasing digital assets.
• Conversion: CENTs can be converted to DOLRs, providing users with a tangible monetary value for their in-app earnings.

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Integration with Cryptoworth

YRAL integrates seamlessly with Cryptoworth, offering users enhanced financial clarity in their digital asset accounting workflows. Through this integration, users can efficiently track, categorize, and report their CENT and DOLR transactions, ensuring accurate financial reporting and compliance with accounting standards.

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Getting Started

1. Visit the YRAL website to explore the platform and its features.
2. Sign up for an account and set up your profile to begin engaging with content and the community.
3. Download the YRAL app on iOS or use the Progressive Web App (PWA) for access across devices.
4. Participate in platform activities to earn CENTs, which can be converted to DOLRs for real-world value.
5. Utilize Cryptoworth to monitor and manage your CENT and DOLR holdings for streamlined accounting and reporting.

Frequently Asked Questions

1. How can creators report earnings from YRAL?

While YRAL enables creators to earn CENTs and convert them to DOLRs, these earnings must be properly categorized and reported. Cryptoworth helps content creators and accounting teams structure this income into transaction-level reports, simplifying financial reporting and enabling better compliance tracking.

2. Is it possible to calculate cost basis for CENT-to-DOLR conversions?

Yes. Every CENT earned or converted carries an acquisition value. Whether from tips, games, or platform rewards, Cryptoworth’s cost basis engine helps calculate fair market value at the time of receipt and conversion — essential for accurate recordkeeping.

3. Can Cryptoworth support influencers or DAOs using YRAL?

Absolutely. For creators operating as businesses or guilds managing shared wallets, Cryptoworth enables multi-entity financial reporting. This ensures clarity when tracking CENT/DOLR flows across multiple stakeholders. Learn how audit tools can support digital content economies.