THEIR PRESALE IS ACTIVE RIGHT NOW ON BOUNCE.FINANCE
TODAY IS THE LAST DAY!
Empowered by Yucan.io, YucanSwap will serve as the bridge between the DeFi community and the loyalty points industry with our upcoming AMM launch. YYU will act as the governance token for YucanSwap until Yucan's mainnet launch.
The goal of YucanSwap is to achieve equitable distribution to the community before Yucan.io launch our mainnet. The crypto landscape is ever-changing — we see a need in adopting liquidity mining to incentivise more community members to be part of us, at the same time, to reward all of our early supporters with our yield token, YYU.
$YYU TOKENOMICS99% of lifetime supply of YYU will be distributed by mining. 1% (500,000 YYU) is created on genesis for use in presales and for use of liquidity pool. Any remaining unused pre-mined YYU will be burnt.
The total amount of YYU is 50,000,000, which will be released in about 8 years through mining.
95% of YYU released by mining is distributed to users and 5% is reserved for the development team. (e.g 95 goes to pool, 5 goes to dev wallet)
Mining will be divided into 5 stages:
YYU is mined every Ethereum block (around ~ 20 seconds a block)
Below is the schedule of mining=>
Genesis Mining: 50 YYU /block,total 50,000 blocks(~7 days)
Stage 1: 5 YYU /block,total 5,000,000 blocks(~1.9 years)
Stage 2: 2.5 YYU /block,total 5,000,000 blocks(~1.9 years)
Stage 3: 1.25 YYU block,total 5,000,000 blocks(~1.9 years)
Stage 4: 0.625 YYU /block,total 5,000,000 blocks(~1.9 years)
To encourage international users, token distribution design will help existing Uniswap liquidity providers to start migrating to YucanSwap more easily. There will be 2 Liquidity Pools on YucanSwap, any Uniswap LP Token holder can put those LP Tokens into YucanSwap pools. The YYU mined will be distributed among the 2 Liquidity pools, with the YYU/ETH having 10x the rewards. Details about all Pools will be released in another update.
YucanSwap smart contract will be able to include or exclude Liquidity Pools (from Uniswap) as and when, if the community vote for it.
1% of YYU total supply will be pre-mined for presale. This is to reward YYU early adopters of the Yucan Ecosystem.
ETH raised from presale will be allocated to provide liquidity on UniSwap upon listing, and this initial liquidity will be locked on Unicrypt immediately after listing.
