YFX, the world’s first decentralized cross-chain perpetual contract trading platform is set for its token launch. After years of preparation the YFX token launch schedule has been released.
YFX: Low Fees, Multiple Blockchains
Currently, YFX utilizes four different blockchains and xDAI on Ethereum to keep fees low and YFX DEX running more efficiently than all competitors. Right now traders can utilize the Ethereum, BSC, TRON, or HECO blockchain and additionally Polkadot and OKEx chains are forthcoming to optimize the trading experience even further.
YFX Token Launch
With the recent success of other governance tokens such as Uniswap’s $UNI, the YFX team wanted to give their users the same opportunity to share in the DEXs success and enable voting rights with a token of their own, $YFX. The YFX token launch schedule will include an Initial Dex Offering (IDO), a Liquidity Bootstrapping Pool (LBP) and Decentralized Exchange (DEX)
Initial Dex Offering
The IDO (Initial Dex Offering) will start on May 6th, 2021. Investors participating in YFX IDO need to be whitelisted before May 6th.
YFX Token: IDO Bounce， WeStarter
YFX Token Contract: 0xF55a93b613D172b86c2Ba3981a849DaE2aeCDE2f
Total Amount: 100000000
YFX Token Launch Schedule：IDO, LBP. DEX
Period: May 6th-May 9th
IDO: Bounce WeStarter (May 6th）
YFX Token Price:$0.8
Platform
Bounce（ERC 20）, WeStarter（Heco Chain）Will start at the same time
Bounce：https://bounce.finance
WeStarter：https://www.westarter.org
Token Allocation and Swap
Bounce：125,000YFX
WeStarter：125,000YFX
The maximum amount for each participant is $400($0.8/YFX)=500YFX=
Total Value $200,000.
YFX tokens will be released after LBP from May 9th 10:00 AM (UTC)
Tutorials and Official Links
Each IDO platform has a whitelist, and users need to finish the whitelist authentication.
Bounce
WeStarter
To learn more about YFX DEX and the launch of their governance token you can check out their links below.
For more information about YFX, please visit — https://www.yfx.com/
Follow YFX on Twitter — https://twitter.com/YFX_Defi
Read about YFX on Medium — https://yfxdefi.medium.com/
Join the Telegram group — https://t.me/YFX_EN
YFX on Discord — https://discord.gg/xwAtjpabC5
Liquidity Bootstrapping Pool
The YFX token will be deployed to Balancer’s Liquidity Bootstrapping Pool (LBP) on May 7th and run until May 9th. Investors will be able to purchase YFX after opening LBP which is open to all investors. Investors participating in LBP do not need to be whitelisted. The address of LBP Pool will be announced in the official channel in advance.
LBP uses a variation of Dutch auction and reverse auction. At first YFX token will be set at a high price and if there are no buying orders, the price of YFX token will keep decreasing with time. Please make sure you are familiar with the auction rule before participating.
DEX Launch
After LBP the YFX Token will Launch DEX on May 9th and investors will be able to trade freely at that time. The YFX token will be fully priced by the market. All the information will be released in official channels!
Media Contact Details
Contact Name: Kivi Zhang
Contact Email: media@yfx.com
YFX.COM is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest
Source: thinkbitcoins