YFX DEX Governance Token Launch Forthcoming
May 4th, 2021 at 3:04 pm UTC · 3 min read
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.
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.
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.
YFX Token Launch Schedule is as follows: IDO – LBP – DEX
Period: May 6th-May 9th!
IDO (May 6-7th)
On May 6th, YFX will start IDO (Initial Dex Offering) on 2-3 platforms on Ethereum and Heco Chain. Investors participating in the YFX IDO need to be whitelisted in advance on the platform. The list of IDO platforms and participating tutorials will be announced in the official channels in advance. Please stay tuned!
LBP (May 7-9th)
YFX token will be deployed to Balancer’s Liquidity Bootstrapping Pool (LBP) on May 7. 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.
Platform URL: https://balancer.finance
Note: 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.
Launch DEX (May 9th)
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!
NOTE: All the information will be released in official channels!
YFX Token IDO – Bounce, WeStarter
YFX Token Contract: 0xF55a93b613D172b86c2Ba3981a849DaE2aeCDE2f
Total Amount: 100000000
IDO Starting Time: May 6th 10:00 AM (UTC)
Investors participating in YFX IDO need to be whitelisted before May 6th.
Price: $0.8 per YFX Token
Platform
Will start at the same time.
Allocation
- Bounce: 125,000YFX
- WeStarter: 125,000YFX
The maximum amount for each participant: $400 ($0.8/YFX) = 500YFX
Total Value: $200,000
Swap
Note: YFX tokens will be released after LBP
Date: May 9th 10:00 AM (UTC)
Tutorials
Each IDO platform has a whitelist, and users need to finish the whitelist authentication.
- Bounce: Official tutorial, Twitter, Telegram, Medium.
- WeStarter: Official tutorial, Twitter, Telegram, Medium.
If you want to learn more about YFX DEX and the launch of their governance token you can check out their links: website, Twitter, Medium, Telegram, Discord.