The iYield team is bringing you an announcement regarding the Round 2 of our Liquidity Episode, price updates, token addresses, contract addresses and audit, all in one place as well as the launch date of our platform and updated airdrop distribution schedule. Without further ado, let’s get to it!
Sale & Platform Launch Dates
The Round 2 of our Liquidity Episode is going live on our platform on the 20th of February 2021, currently scheduled launch time is 10:30pm EST timezone.
The Liquidity Episode will be live for 14 days, that is until 6th of March 2021 ending at 10:30pm EST timezone.
The platform is launching on the 7th of March 2021 at 10:00am EST timezone. Once we launch, we will be launched forever, i.e. open for business and yield generation.
Times are subject to change.
To lower initial market capitalization and give more room for organic growth and the profit of our individual users and investors, we are lowering the prices of both yB and yCASH.
yB old price: $875.00 USD
yB new price: $50.00 USD
yCASH old price: $0.85 USD
yCASH new price: $0.50 USD
Liquidity Episode Round 1 participants
“I participated in Yield Bank Liquidity Episode Round 1 — now that the token prices have changed, did I lose money?”
The answer is, of course not! Quite the opposite. First and foremost, users who participated in Round 1 will be given additional tokens to make up for the price difference so that the new price set in Round 2 of our sale reflects the updated value. In layman’s terms, what it means is that if you invested $1000, you are still getting $1000 worth of tokens — you will simply be getting more tokens for the same amount of money.
Secondly, users who participated in Round 1 will be given extra tokens on top of the tokens they will receive due to the price change.
This is meant as a thank-you bonus from the iYield Team and Yield Bank’s developers for being early investors and Yield Bank supporters. In layman’s terms, what this means is that if you invested $1000, you are getting $1100 worth of tokens, $100 being the bonus (this is purely a demonstrative example, not actual numbers or percentages). The bonus structure will be revealed before our launch, but those small few made a great choice, we will say that!
Token & Contract addresses
yCASH Sale Supply: TBA
yB Sale Supply: TBA
You can look the addresses up using any ETH block explorer, we recommend using etherscan.
Audit & Security
Yield Bank has passed the security audit of our smart contracts with flying colors. The security audit was conducted from Jan 07, 2020, to Jan 19, 2020.
Audit was conducted by AnChain.AI, one of the biggest and most reputable auditors in the space. At Yield Bank, security of user’s funds is our top priority. We understand the current sentiment in the DeFi space, with protocols being hacked and/or exploited left and right.
Rigorous audits, having flawless code and always putting security as the number one priority are key standards that we hold ourselves to.
You can read the full audit report here
Exchange listings of yB & yCASH
Our audited set of smart contracts will automatically and autonomously deploy yB and yCASH liquidity pools onto Uniswap after the sale has concluded. This improves security and ensures safety of user’s funds.
After the Uniswap listing (i.e. pool deployment), we will be getting listed on centralized exchanges to increase liquidity, market awareness of our tokens and accessibility to trading our tokens.
We will also list all of our tokens addresses for all areas i.e. Vested Team Tokens, Marketing Tokens, Rewards Tokens, etc. - all addresses will be displayed for our users to see.
The new date for distributing our airdrop is set for 30 days after the launch date of our platform.
We would like to thank to everyone who has participated in our community contest and we apologize for the delays.
Times are subject to change.
Follow us on any of our social media accounts listed below to stay updated.
The article and any other associated content of Yield Bank does not constitute as financial advice. Cryptocurrencies are a high risk investment and may not be suitable for all members of the public and all types of investors. This is an experiment in DeFi yield aggregating to bring longer and steadier yields to its users.
Next article coming up: TBA
Telegram Room: t.me/YieldBank
Telegram Announcement Channel: t.me/YieldBankAnnouncements
Liquidity Episode Round 2 date: 20th of February 2021