Most ventures fail due to two key issues, according to industry experts: failure to build a large enough community and, for projects with large enough communities, failure to maintain community enthusiasm. Yumpie’s solution is to create an ecosystem built on top of a social networking platform. A social media platform is the ideal tool for establishing, growing, and maintaining a project’s community engagement. Yumpie can build a sustainable network and critical mass impact by connecting every bitcoin user in a single ecosystem, bringing new users into the ecosystem on a regular basis.
The concept of leveraging a social media platform gives rise to a linear and scalable business model in contrary to the concept of “Do Things that Don’t Scale”. Yumpie’s ecosystem is made up of several use cases. The utility of YUM and revenue generated by the ecosystem will increase at a cumulative proportion as the ecosystem grows. The greater the incentive and reward funnelled back to each YUM holder, the more money and utility the ecosystem can accumulate. The ecosystem does not have the scalability element to thrive in the bull run and maintain in the bear run without a social media element.
Despite the failures of numerous attempts by would be coming projects, Yumpie emerges as the solution to common development concerns. Yumpie is on track to build a one-stop crypto ecosystem that uses social media as its foundation to connect worldwide enterprises and communities.