Our fifth article. This is the one that many of our early supporters and followers have been waiting for and we are thrilled to finally bring it to you. At last, the iYield team is releasing the tokenomics of our two amazing tokens — yB and yCASH.
The yB and yCASH tokens are deflationary — The yB token’s coding applies a (MDI) Market Directional Index to create positive market price direction and to actually reduce negative MDI and sell pressure — not just pretend to like current tokens on the market. An Autonomous penalty percentage, driven via an algorithm based formula from the size of the swap, sale, or transfers volume will be applied to all of the non-whitelisted addresses selling the asset. This penalty is then used in conjunction with another autonomous algorithm to buy back and burn the yB token if various conditions are met. Thus creating the ultimate in buying pressure ever created.
The yCASH token also has propriety MDI coding capabilities to resist sell pressure as well as our own propriety coded methods to further boost the buy back mechanism and reduce selling pressure. The yCASH token will be the rewards token and additional buying pressure support of its native yB token. For every yCASH token purchased a purchase is additionally made of the yB token from “The Support Fund” taken from each yCASH sale of a variable autonomously set percentage driven via an algorithm based formula from the size of the sale.
yB Token — The star of the show
Ownership of our native yB token is required — yB acts as quite literally a key to our platform as without a valid ETH address in your wallet with yB on it, you will not even be able to unlock access to our platform and thus you will not be able to use any of our many unique features. This is another addition to the positive feedback loop we have created, as new users introduced to the platform will be buying yB off the open market to access our platform, increasing the price, and bringing more people into the project. As stated before, Yield Bank’s ecosystem will have a wide variety of highly liquid pools where our yCASH pools will be supporting our yB pools. Additionally, the yB token can be staked independently by itself unlike many other platforms.
yB Token supply breakdown
Total supply: 75,000 yB
[68 %] Rewards — 51,000 yB
[8 %] Liquidity Episode — 6,000 yB
[6 %] Reserved / CEX Listing Supply Escrowed — 4,500 yB
[5 %] iYield Team — 3,750 yB
[5 %] Circulation / UNI Liquidity Pool — 3,750 yB
[5 %] Development — 3,750 yB
[3 %] Marketing & Partnerships — 2,250 yB
yCASH Token — the meticulously crafted rewards token
From the inception of the project, one thing was clear to us. We have to have a different reward system. A system where yield farming and staking will not introduce almost indomitable levels of sell pressure to our flagship token. We decided to go the route of having an entirely separate rewards token that will not create a direct conflict of interest between long-term yB holders and short-term oriented yield farmers.
While the majority of our platform and the products we will offer is targeted towards more long-term, stability, relatively risk-averse investors, we will also have a set of products for more risk-seeking investors and traders. As with any investment, a greater risk should offer a greater reward.
In turn, yCASH’s value will be backed by all the liquidity locked in our liquidity pools, the money raised through sell penalties, the sheer size of our platform and the support the liquidity pools in our ecosystem will offer to each other by seamlessly looping them into one another.
yCASH Token supply breakdown
Total supply: 75,000,000 yCASH
[68 %] Rewards — 51,000,000 yCASH
[10 %] Liquidity Episode — 7,500,000 yCASH
[9 %] Development — 6,750,000 yCASH
[5 %] Circulation / UNI Liquidity — 3,750,000 yCASH
[5 %] iYield Team — 3,750,000 yCASH
[3 %] Marketing & Partnerships — 2,250,000 yCASH
Follow us on any of our social media accounts listed below to stay updated. Liquidity Episode date will be announced in the coming weeks.
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: DeFi Futures, perpetual contracts & derivative trading
Website: yieldbank.finance
Medium: medium.com/@YieldBank
Twitter: twitter.com/YieldBank
Telegram Room: t.me/YieldBank
Telegram Announcement Channel: t.me/YieldBankAnnouncements
Discord: discord.gg/4DrKFzJ
Email: social@yieldbank.finance
Liquidity Episode date: TBA
