🏆 YEARN FINANCE ONE (YFiONE)Abstract
The YFiONE vision is to build several decentralized financial applications (Defi - Apps) and then develop these products into full fledged projects thereby increasing the value of the YFiONE ecosystem. With the uproar of several decentralized financial (Defi) products not having real use cases and simple methods of use, product usage has been difficult for Defi users especially because it requires vast understanding of the Ethereum blockchain. Another common problem is the false value which many Defi projects propose by building simple swap websites and then halting further development. This makes it seem as though the Defi swap is all there is to offer but this is not so.
The YFiONE project and its decentralized team from different countries, promises to create a sustainable ecosystem by developing and building several Defi products around its platform and guarantees the ultimate true value of what a Defi project should be. YFiONE is a community-driven blockchain project which aims to build severally Defi-applications on top of its platform with creative and disruptive blockchain Defi ideas, hence becoming the first cutting-edge Defi project worth emulating.
Introduction To YFiONE
The YFiONE envisions an ecosystem of several Defi applications (Defi dApps) built for usage by both the YFiONE team of the YFiONE project and the decentralized community of YFiONE product users.
With that said, YFiONE Finance is a community driven DeFi-project, orchestrated to build decentralized products, with the aim of producing real Defi values to improve the YFiONE ecosystem for the community and its users.
YFiONE is dedicated to systematically produce new Defi products with the team acting as an ad-hoc enabled squad who will help develop, market and launch these Defi products to help grow its biosphere while simultaneously delivering desirable gains to the community, project and users.
YFiONE can also be described as a decentralized venture capital (DVC) which empowers a decentralized interest-free financial ecosystem by building Defi products invested in by its community with the aim of distributing revenue as profit shares (rewards) to stakeholders.
The YFiONE Ecosystem will be a home to a variety of unique decentralized finance products. The YFiONE products will be linked to its token, the YFONE Token, in the quest to re-create the true meaning of decentralized finance.
The YFONE token’s major use case will be as the only governance token for each product which will give holders a claim over the revenue generated by those products. It will be a platform for staking YFONE tokens while the YFiONE team builds the marketplace and subsequently, the holders benefit immensely just from holding the token.
Defi General Problems
One might have thought that the recent increase in scam rates of Defi projects might be a major problem hindering Defi products or services from scaling higher and going mainstream. However, it is not a major problem nor is it the reason why Defi projects haven't gained so much acceptance even though they have gained much attention. All that notwithstanding, scams by projects/teams are definitely problems of Defi and we have seen a lot of cases where projects dump tokens on their communities/token holders, and exit without fulfilling promises made.
As soon as Defi made the headlines for better use cases of blockchain technology utilizing the Ethereum ecosystem, most people jumped into it without thorough understanding as to what they could achieve. Projects rose up to make quick bucks. We saw cases of CEOs leaving the projects after exit scams. What could have been the most spectacular experience for communities and cryptocurrency investors became what investors saw as fuzz. Instead of building solutions using Defi to sustain a scalable ecosystem, they generated problems that the YFiONE project intends to solve.
The YFiONE Project Solutions
There are so many questions to ask as regards why Defi projects can't really sustain themselves with the increasing downtrend of their tokens despite the huge Defi hype and being listed on top exchanges. However, the real question is how many developers/projects are really building blockchain solutions to improve the way decentralized financial products exist? Projects and their developers are meant to ensure seamless utilization of these applications for users to integrate them into their business thereby unleashing the full service scale of Defi.
The main hindrance leading up to Defi’s inability to get mainstream attention is the fact that projects are not building intuitive Defi products that can be used even by newbies on blockchain to witness the full potential of decentralized finance and growth. The YFiONE team is bringing a solution to this by creating diverse Defi products that will increase the values of both the Defi and YFIONE ecosystems. This solution will empower you to benefit from simply holding the tokens while the projects grow via the numerous decentralized finance products.
The YFiONE Model
YFiONE will commence with building 4 flagship decentralized finance applications (Defi-Apps). These products will be fabricated such that token holders can utilize them seamlessly without hassles and newbies can easily be oriented for better usage.
Since the token will have a full governance mechanism for community decisions, every milestone achieved will always be a motion set by the community because they’ll have to vote for all initiatives. It will drive us closer to the next phase on our roadmap as it would help narrow down the next course of action required to achieve our end goal which is to cause a paradigm shift on Defi products. We plan to construct these first Defi products to enable us to leverage on and build dedicated communities of Defi lovers, supporters, investors who in turn will improve the product usage. We have envisaged products that should resolve a number of problems regarding wallet, farming, swap and much more.
All of the above will be orchestrated by the YFiONE team to facilitate successful product launch and integration. The dedicated team and the early adopters who are actively involved in supporting these platforms will immensely benefit from the value system of our business model both financially and through its usability.
The YFIONE Products
• Decentralized wallet
• Decentralized exchange
• Decentralized swap
• Decentralized stake
• Yield farming
• More Defi products in the coming times
Application In Several Verticals
YFiONE DeFi will be applied in many verticals: • DeFi based (DEX)
• DeFi based DEX development.
• Decentralized insurance applications.
• Decentralized staking platform.
• Cryptocurrency Wallet App.
• DeFi based lending/borrowing Platform.
YFiONE Token
YFiONE Token is a governance token of the YFiONE project. The token will be used to gain full access to all YFiONE DeFi products. Owners of this token will earn for utilizing it on the Defi products especially through staking and farming.
Details And Information:
Token Name: YFiONE FINANCE
Token Ticker: YFONE
Token Type: ERC20
Token Cap, Price And Supply:
Token Sale Price Start: 0.05 ETH
Max Supply: 20,000 YFONE
SoftCap: 3,000 YFONE
HardCap: 8,000 YFONE
Contract address:
https://etherscan.io/token/0x94ba76a4cc5013a015c2525e60523b7716b789de
The YFiONE Tokenomics
Presale - 40%
Liquidity Pool - 5%
Staking Pool - 10%
Development - 20%
Marketing & Airdrops - 15%
YFIONE Team - 10%
(Team 10% will be locked for 5 months)
YFiONE Roadmap
Oct-Nov (2020 )
• Planning and development of YFiONE
• The first marketing campaign
• YFiONE Presale starts
Dec (2020 )
• Launch of the first YFiONE Defi platform
• Start Listing on 3 reputable exchanges; Uniswap, bounce, 1inch
Jan (2021 )
• Launch of the staking platform
• Expand the network
• Listing on more CMC Exchanges
Feb (2021 )
• Launch of the Swap platform
• Second Marketing Campaign
Mar-Apr (2021 )
• Development of Defi wallet
• Launch of borrowing and lending
Note: We will post our roadmap progress at the end of every month and we will also initiate the establishment of new products every 3 months to grow our ecosystem.
Conclusion And Summary
The YFiONE project will employ result oriented modules like milestones, completed tasks and other measurement metrics to ensure transparency and to keep us in sync with our community as they are the major drivers of the project. We are very optimistic that YFiONE will have the kind of forward momentum that will be well balanced in terms of operations and expectations from both the team and the community.
YFiONE is a project that aims to build several Defi-applications from vague thoughts into completed Defi applications. We are intent on developing platforms to help Defi get recognized by mainstream users.
As we aim to accomplish our vision, we have set in place fascinating ways to maintain consistent execution of each goal by creating reward systems for members of the community, investors, and the general public. The consistency will be upheld by an efficiently coordinated management to systematize the ecosystem as well as a well thought-out business model to improve and add monetary values to the project in its entirety. The completion of each item on the roadmap will validate trust, our trust is the platform, the platform is our community.
YFiONE, BUILDING DECENTRALIZED FINANCIAL PRODUCTS TO DECENTRALIZE THE WORLD.
YFiONE SOCIAL MEDIA:
🔗WEBSITE:
https://yfione.finance🔗GROUP:
https://t.me/YFI_ONE🔗CHANNEL:
https://t.me/YFIONE🔗TWITTER:
https://twitter.com/yfione🔗GITHUB:
https://github.com/YFIONEYFIONE Finance Airdrop Live!!
Use this link to join our airdrop!
https://t.me/YFIONE_bot
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