Yokai Money is the native cryptocurrency of the Yokai Masks platform. Yokai Masks is a platform that claims to facilitate the trading of non-fungible tokens (NFTs). According to the website, Yokai Masks have around 3,000 unique non-fungible tokens, also known by the name masks. These 3,000 masks are identical and can be collected by the users of the platform.

The Yokai Masks collection seeks to capture and celebrate the faces of unique Yokai. The platform aims to provide artwork that expresses Yokai’s features and forms. The platform aims to bring to life traditional storytelling by merging art with digital assets. According to the website, Yokai is a group of supernatural creatures associated with Japanese folklore. Yokai can be translated as monster, demon, spirit, or goblin. The website further claims that the users have a powerful collection of art pieces with stories and characters from Japanese mythology once they own a piece of artwork on the blockchain.

To confirm the uniqueness, the platform aims to introduce a seal system. According to the website, seals verify an artwork of Asian paintings from old times. In the past, seals were carved on a woodblock or stone, and the artists used them to stamp them on their paintings. The users also intend to see the literal signatures of artists who made it on the platform. Moreover, the stamps are signatures in many Japanese paintings and depict the artwork’s theme.

Further, the platform aims to provide the mask owners with the benefit of giving a unique name to the mask. The platform intends that the users can be a part of the creation process by providing such a unique name. Further, the platform has built an NFT bridge between Binance Smart Chain (BSC) and Ethereum blockchains. The platform also seeks to include other blockchains in the future if the community requires them. The platform also aims to provide decentralized finance (DeFi) functionalities on the BSC with a low fee on the NFT market on Ethereum.

Yokai money is referred to with the ticker name YOKAI. The token is used to pay fees and trade for various masks in the NFT marketplace, and hence serves as a utility token.

The word Yokai is a mixture of two words, yo and kai. Yo means bewitching, calamity whereas kai means mystery or wonder. Katsushika Hokusai was a well-known artist of the Yokai artwork. The maximum total supply of the YOKAI token is 100,000 YOKAIs.

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