Our Community Have Spoken, and Here is the IMO of Your Choice!
Following our governance decided asset selection, we bring you the first YDragon community voted index
It is a momentous day here at YDragon HQ, with our latest, upcoming product launch being our first index decided by you, our loyal community. The people’s index, if you will! Or as we have named it, the YDragon Blue Chip Index.
We provided you, our community, with a selection of assets we believe show real strength and are active on the BNB Chain. Yes, of course, for true, neutral governance, we would have allowed you to choose from the entire network, but that would simply have been unmanageable! With this in mind, we put our heads together to bring you what we believed to be the ten most promising assets across the network, for you to choose your top five.
The BSC Blue Chip Index ($BBI) Composition
From the available asset selection, you, our community, selected the five you believe offer the most strength moving forward, and the team here at YDragon added a couple more, and of course, YDR!
Key IMO Details
Being just a couple of hours away from the BSC Blue Chip Index ($BBI) IMO, here is all the need-to-know info for your seamless investment.
- IMO begins at 9am UTC Friday 15th July and lasts for 48 hours, ending at 9am UTC on Sunday 17th July.
- As soon as you click ‘buy’, index tokens will be added to your wallet after you accept the transaction.
- Index price will be set to $1 initially.
- During the IMO there will be a 0% minting fee. Once the IMO period has ended, you can still buy (mint) the index but the minting fee will be 0.5%.
- Selling (redeeming) the index token on the YDragon platform will have a dynamic fee of 2% to 6%, depending on the structure of the X and Y vaults of the index. The less assets present in the X vault, the higher the fees. (to learn more about how the X and Y vaults function have a read of our whitepaper here)
- Liquidity for the index will be added as soon as the IMO period finishes.
- Index tokens will be tradeable on both the YDragon platform and Pancakeswap, but only after the IMO period ends for the latter.
- When investing in an index it is advisable to buy (mint) the index from the YDragon platform, but when selling an index it is advisable to sell on Pancakeswap rather than sell (redeem) on the platform.
About YDragon
YDragon is a crypto index platform offering you a range of opportunities to own a diverse selection of the best performing and most promising cryptocurrencies with a single token. Armed with market-leading cross-chain capabilities and yield-generation opportunities, YDragon offers you a seamless, cross-chain, multi-asset experience.
Not only do investors gain diversified exposure to the best and brightest of what’s available on a selection of blockchains, they have the added luxury of benefiting from the most trusted and lucrative yield farming protocols around, ensuring optimum passive-income on your investment.
The YDragon protocol is actively working on expansion into multiple blockchains and ecosystems, to give our investors expertly selected exposure to as many diversified investment and passive-income opportunities as possible.
Buy YDR here
Contract Address: 0x3757232b55e60da4a8793183ac030cfce4c3865d
Find out more about YDragon on our website.
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