YFX

YFX Token Genesis Mining



YFX Token Genesis Mining



  1. Token Distribution

Community (60%): Genesis Mining, Airdrop, other marketing activity and community rewards. These tokens will distribute to community in three years. 50% for the first year, 25% for the second and third year.


Strategic Partner (10%): 30% of this party will be released when YFX token start to distribute. 70% of this part will be linearly release in one year.


Team and Early investor (25%): 20% of this part will be released to team and early investor when YFX token start to distribute. 80% of this part will linearly release in one year for Early investor and two years for the team.


Strategic Investor (5%): This part will reserve for strategic investor in the future. 30% will be release immediately, the rest 70% will be linearly release in one year.



Economic model for YFX token:

  1. 50% of the transaction fee received by YFX will used for token buy back on Uniswap, Mdex, JustSwap or other swaps.
  2. No more than 50% of insurance fund will be used for token back buy as well.
  3. YFX token could be used as margin in perpetual contract trading.
  4. Each YFX token have equal voting power.


YFX token distribute on different blockchain.

Blockchain

Total Supply

First Round Mining

Second Round Mining

ETH 

50,000,000

-

-

Heco

10,000,000

1,000,000

2,000,000

BSC 

10,000,000

1,000,000

2,000,000

Tron 

10,000,000

1,000,000

2,000,000

OKChain 

10,000,000

-

-

Polkadot

10,000,000

-

-


This number may be vary, we may adjust the supply on each blockchhain due to trading volume. The total supply amount and first round token amount won't be affected.


  1. Genesis Mining


For the first round of genesis mining, there will be 3,000,000 YFX token mined out by Trade Ming, Liquidity Mining and Trading competition. The first round will last for 2 weeks on Binance Smart Chain, Heco and Tron.



Blockchain

First Round Supply

Trade Mining

Invitation Rewards

Liquidity Mining

Trading Competition

Heco

1,000,000

600,000

100,000

200,000

100,000

BSC

1,000,000

600,000

100,000

200,000

100,000

Tron

1,000,000

600,000

100,000

200,000

100,000



YFX token will be released after the second round of Genesis Mining ends. Estimate no later than middle of April. All mined tokens will be released at the same time. No lock up period.


  1. First Round Genesis Mining details


      Time Period:  March 2nd, 2021 – March 15thh, 2021.


  1. Trade Mining


Trade on:

BSC: https://bsc.yfx.com/ 

Heco: https://ht.yfx.com/ 

Tron: https://trx.yfx.com/ 


For trade mining, you need to trade on the trading pairs below to get YFX token. We may add new trading pairs later.

Tron

BTC_USDT(USDT), TRX_USDT(TRX)

Heco

BTC_USDT(USDT), ETH_USDT(USDT), BTC_USDT(HT)

BSC

BTC_USDT(USDT) 


The following wallet support trading on YFX: Meta Mask, Tronlink, Huobi Wallet, Trust Wallet, Math Wallet, imtoken, Token Pocket, Bitkeep, Bitpie, HyperPay.


You will receive 1 Hash Power when you hold a position valued at $1. For example, whenever you trade a position that worth $1200.60, you will get 1200 Hash Power.


Est. YFX tokens rewards = Your Hash Power for Trade Mining / Total Hash Power for Trade Mining * YFX Trade Mining token pool


  1. Liquidity Mining

Provide liquidity to YFX’s market maker pool. The more liquidity you provide, the more Hash Power you got. The longer time you hold the LP token, the more Hash Power you get.


You will get 1 Hash Power for 1 USD Valued add to market maker pool every minutes. You will get 1 Hash Power for 1 USD Valued add to market maker pool every minutes. For example, if you add $10 USD to the liquidity pool, you will get 10 Hash Power from the next minute. If you hold this for an hour, you will get  600 Hash Power.


Est. YFX tokens rewards = Your Hash Power for Liquidity Mining / Total Hash Power for Liquidity Mining * YFX Liquidity Mining token pool


It will be disqualified if you transfer LP token to other address.


*Trade Mining and Liquidity Mining are two different pools; the hash power will be calculated separately.


  1. Trading Competition

We will reward top winning and top losing account with YFX token.


1st place (who earn the most in trading)

30,000 

2nd place

20,000

3rd place

10,000

Last place (who lose the most in trading)

10,000

4 - 13

2,000 each

Last 2 - 11

1,000 each


  1. Invitation Rewards

Invite other people to participate in YFX Genesis Ming, will receive more Hash Power. You get 10% of your invitee’s Hash Power.

When the invitee makes any trade, you will get Hash Power of his/her trade. The more people you invite, the more Hash Power you got.

      1USD Trade Value = 1 Hash Power




Risk Alter:

YFX token have not issued yet or listed on any exchange or swap.

There's no public sale for YFX token. Participate in Genesis Mining events is the only way to get YFX token.

There is no investment value in YFX token. YFX token is the utility token in YFX network.



----------------------------------------------------------------------------------------------

Reference:

Website: https://www.yfx.com/

Twitter: https://twitter.com/YFX_Defi

Telegram: https://t.me/YFX_EN

Discord: https://discord.gg/xwAtjpabC5

Media Contact: media@yfx.com




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