Yolo’s Native Token Economics

($YOLOc Tokenomics)

Coins are one of the most integral parts of a fully functioning blockchain. Particularly for a Delegated Proof-of-Stake (DPoS) consensus blockchain like YoloChain.

Since blockchains help store data, cryptocurrencies (coins and tokens) are used to transfer value and these transactions are recorded on a distributed ledger.

For a DPoS blockchain, these tokens help secure the network by incentivizing or (dis)incentivizing validators. The Yolo token, represented by $YOLOc, is a deflationary and the native cryptocurrency of Yolo’s blockchain, YoloChain (an independent blockchain in the BSC ecosystem).

What is the Utility of Yolo Token?

Being a DPoS blockchain, the YoloChain requires Yolo tokens to onboard and encourage validators to keep the network running.Purchase domain names and NFTs to support the existence of transaction services necessary for the Yolo ecosystem.

$YOLOc for Governance

The creation of Yolo DAO on-chain governance proposals in the future will require $YOLOc tokens as a deposit. Token holders can then vote on these proposals with their staked $YOLOc.

$YOLOc for Buying and Selling of NFTs and domain name

Yolo tokens can be used by creators and collectors to$YOLOc will be used to pay for transaction fees, platform commission, and creator royalties.

$YOLOc will also be used for the curation of the platform (via curation DAO), which plays an integral role in an NFT marketplace and domain name marketplace governance.

How Are The Yolo Tokens Distributed?

Total: 100 million $YOLOc

Team (10% — 10 million $YOLOc) To support the team for continuous development and expansion of the platform capabilities, 10 million Yolo tokens are reserved with a locking period of 12 months followed by a linear vesting period of 36 months.

Liquidity Pool（10% — 10 million $YOLOc）

Pre-sale （30% — 30 million $YOLOc ）

The pre-sale will be held at pinksale

Pre-sale Date : 04/22 14:00 UTC

Launch Date: 04/29 14:00 UTC

The pre-sale fund will be 100BNB

80% will enter the liquidity pool
20% will be used as a bonus for the pre-sale draw

(Every 0.2BNB of addresses participating in the pre-sale is regarded as a lottery ticket. After the pre-sale is over, five winners will be randomly and fairly drawn, and each winner will be rewarded with 4BNB)

YoloDrop（50% — 50 million $YOLOc）

The YoloDrop refers to the airdrop of Yolo tokens.

The Yolo tokens are distributed to the public via airdrops instead of conventional methods like ICOs or IDOs. At genesis incentivizing: early adopters,Pre-sale participants , Active community members.

Frequently Asked Questions (FAQs)

1. Is the Yolo token inflationary or deflationary?

The Yolo token is a deflationary token on the YoloChain.

All $YOLOc consumed by purchasing the genesis domain name is burned

All $YOLOc consumed by purchasing genesis Yolo-NFT is burned

2. What is the use of the Yolo token?

The utility of the Yolo token is virtually endless. It can be used across the entire Yolo ecosystem.

One of the key use cases of the Yolo token is to secure the YoloChain.

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