YuCanSwap Launch — $YYU Presale🚀
🌎🛫YYU Presale > Uniswap Listing > Liquidity Lock > YuCanSwap Launch > Yucan Mainnet Launch🛬🌕
Yucan Team has been working on development over the past few months and we are pleased to announce that YucanSwap will be launching on 3rd December 2020 (~ 16:30 GMT +8). Just in case if you are new here, click on these articles to find out more about Yucan and YucanSwap.
Before the farm launch, there will be a presale on bounce.finance from 30th November to 2nd December 2020. Do note that this presale is purely for liquidity on Uniswap and to reward early adopters onboard before farm launch. Team will hold no pre-mined tokens after burning remaining tokens as soon as liquidity is contributed and locked. Burn address will be shared across all social channels. Don’t forget to follow us on Twitter and Telegram for the latest update!
$YYU is just the beginning for Yucan ecosystem and we are excited to have you onboard!
YYU Token Contract Address: (Uploading Token Info, need to wait for Etherscan approval)
0x5E7bED6A5C8Ef7Ab019aaff2A2eceC5f6b40C6b1
https://etherscan.io/token/0x5E7bED6A5C8Ef7Ab019aaff2A2eceC5f6b40C6b1
YucanSwap Founder Linkedln & Bio:
Raymond brings a vast experience in the hospitality industry, over 20 years working in various capacity from a local hotel to regional role, from boutique hotel chains to major hotel chains. During his tenure, he has the benefits of working with people across the board, starting from owners to all through the ranks.
Nadhir brings 20 years of knowledge and experience in the technology field and has won several awards. He develops technical aspects of the company’s strategy to ensure alignment with its business goals; discover and implement new technologies that yield competitive advantage. He supervises system infrastructure to ensure functionality and efficiency; build quality assurance and data protection processes.
Do look forward to our upcoming live webinar on Block Live Asia, where our founder will be sharing more about Yucan and answering questions from the community!
YuCanSwap Launch Timeline:
*All timing in GMT+8
30th NOV- 2nd DEC
3 Days Presale. To raise 100 ETH for initial liquidity.
DAY 1 (30th NOV) & DAY 2 (1st DEC) Presale — 22:00 STARTS: 24 Hours or until sold out.
DAY 3 (2nd DEC) Presale — 22:00 STARTS — ENDS 12:00, 3rd DEC or until sold out.
3rd DEC
- Uniswap Listing at before 13:00 for both YYU/ETH & YYU/MGX
- Lock Liquidity on Unicrypt at 13:15
- YucanSwap launch by 16:30 (Start Staking Uniswap LPs and earn YYU)
Presale Details:
- Only 500,000 YYU will be premined for presale and liquidity on Uniswap.
- 76,710 YYU is used for presale
- Remaining to be used for YYU/ETH initial liquidity together with the 100 ETH raised and for YYU/MGX liquidity. Numbers to be announced after confirmation with the MGX team.
- Any remaining YYU that is not used for presale and providing liquidity will be burnt.
- Presale will be held on a first-come-first-serve basis.
- Each tier will end after 24 hours (Except last day or until the hard cap is reached.)
- $YYU presale value will be pegged to ETH at a fixed USD value of US$580/ETH over the 5 days.
- Uniswap listing will commence on 3rd December, 13:00 (GMT +8).
- Maximum contribution per user: 10 ETH
Bounce Level = There will be different max ETH worth of $YYU allocated for each day. Maximum total ETH to be raised during presale is 100 ETH.
YYU Uniswap Initial Listing Price: US$1
$YYU Presale Price:
30th NOV: ~US$0.6
1ETH= 967 YYU
(Bounce Level: 20 ETH)
1st DEC: ~US$0.75
1ETH= 774 YYU
(Bounce Level: 30 ETH)
2nd DEC: ~US$0.85
1ETH= 683 YYU
(Bounce Level: 50 ETH)
Important reminder: Please be aware that during pre-sale period, there will be scammers trying to list unofficial YYU presale pools on Bounce.finance. Please double check that the token address is the same YYU official token address. For every round of presale, we will be announcing the official pool number and name. Always clarify on our social channels before participating in any presale or swapping $YYU on UniSwap.
100% of all ETH raised from presale will be used to provide initial liquidity for YYU/ETH on Uniswap. Thereafter, the LP will be 100% locked for 1 year on Unicrypt. This is aligned with Yucan’s mainnet launch next year!
YYU Tokenomic
99% 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 maximum supply of YYU is 50,000,000 (will be lower after burn), which will be released in about 8 years through mining.
95% of YYU released by mining is distributed to users and only 5% is reserved for the development team. Any transactions on DEV wallet will be announced beforehand (Eg, Airdrop Campaign)
For transparency purpose, DEV wallet address will be 0x76E4a6f92663F59aA0252899111f669dD5ED4B49
https://etherscan.io/address/0x76E4a6f92663F59aA0252899111f669dD5ED4B49
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 stake these LP Tokens into YucanSwap pools. The YYU mined will be distributed among the 2 Liquidity pools, with the YYU/ETH having 10x the rewards.
Pools on YucanSwap:
YYU/ETH ( x10 rewards)
YYU/MGX
Do note that we only wish to incentivise users who contributed liquidity for YYU pairings, hence we did not include other popular DeFi token pairings with ETH. It won’t be fair to YYU holders!
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. Dev cannot mint any more YYU, all new YYU generated will be purely through liquidity mining according to the schedule above. Team will not hold any YYU after burning unused YYU and when YucanSwap launch.
What is YucanSwap and YYU for?
Seeing the growth of DeFi and the benefits of an AMM protocol in 2020, YuCanSwap is created to allow Yucan ecosystem early adopters to reap the benefits of DeFi protocol at the initial stage while getting reward through yield-farming. With Yucan’s mainnet launch due in 2021, the goal of YuCanSwap is to achieve equitable distribution to the Yucan community before our mainnet launch in 2021. YYU token holders will be migrated to Yucan mainnet upon launch. Read the full article about YucanSwap here!
What is Yucan?
Yucan aims to be the industry leader in position to strive above the current crisis, with the World’s First DEX for loyalty points. A growing trend of loyalty points globally reveals an untapped potential exceeding the $126B loyalty market. As the world moves towards digitalisation, loyalty points’ portability as a universal currency in a pandemic-stricken economy will drive the consumer market as well as the loyalty economy. This opens up an opportunity for loyalty program providers to supply much-needed liquidity and monetary relief for consumers. But in order to unlock loyalty points’ true potential as a valuable form of currency, retailers should think more like fin-tech firms and bridge traditional reward models with financial technology paradigms. This is where Yucan steps in to innovate and accelerate the loyalty economy. Read the full article about Yucan here!
Don’t forget to check out the roadmap on Yucan Whitepaper!
Follow our channels to get the latest update!
Website: https://yucan.finance/ (Do note that the functional website will be updated on 3rd DEC)
Twitter: https://twitter.com/SwapYucan
Telegram: https://t.me/YuCanSwap
Yucan.io Website: https://yucan.io/
Yucan.io Twitter: https://twitter.com/PointsYucan
Yucan.io Telegram: https://t.me/yucanpoints
