YFX Token Genesis Mining
1. YFX token distribute on different blockchain：
This number may be vary, we may adjust the supply amount on each blockchain due to trade volume. The total supply amount and total first round token amount won’t be affected.
2. Genesis Mining
For the first round of genesis mining, there will be 3,000,000 YFX token mined out by Trade Ming, Liquidity Mining and Trading competition. The first round will last for 2 weeks on Binance Smart Chain, Heco and Tron.
YFX token will be released after the second round of Genesis Mining ends. Estimate no later than middle of April. All mined tokens will be released at the same time. No lock up period.
3. First Round Genesis Mining details
Time Period: March 2nd, 2021 — March 15thh, 2021.
(1) Trade Mining
You will receive 1 Hash Power when you hold a position valued at $1. For example, whenever you trade a position that worth $1200.60, you will get 1200 Hash Power.
Est. YFX tokens rewards = Your Hash Power for Trade Mining / Total Hash Power for Trade Mining * YFX Trade Mining token pool
For trade mining, you need to trade on the trading pairs below to get YFX token. We may add new trading pairs later.
Heco:BTC_USDT(USDT), ETH_USDT(USDT), BTC_USDT(HT)
The following wallet support trading on YFX: Meta Mask, Tronlink, Huobi Wallet, Trust Wallet, Math Wallet, imtoken, Token Pocket, Bitkeep, Bitpie, HyperPay.
(2) Liquidity Mining
When provide liquidity to YFX’s market maker pool, you will get Hash Power. The more liquidity you provide, the more Hash Power you get. The longer time you hold the LP token, the more Hash Power you get.
You will get 1 Hash Power for 1 USD Valued add to market maker pool every minutes. For example, if you add $10 USD to the liquidity pool, you will get 10 Hash Power from the next minute. If you hold this for an hour, you will get 600 Hash Power.
Est. YFX tokens rewards = Your Hash Power for Liquidity Mining / Total Hash Power for Liquidity Mining * YFX Liquidity Mining token pool
It will be disqualified, if you transfer LP token to other address.
*Trade Mining and Liquidity Mining are two different pools; the Hash Power will be calculated separately.
(3) Trading Competition
We will reward top winning and top losing account with YFX token.
1st place (who earn the most in trading)：30,000
4–13 place：2,000 each
Last place (who loss the most in trading)：10,000
Last 2–11 place：1,000 each
4. Invitation Rewards
Invite other people to participate in YFX Genesis Ming, will receive more Hash Power. You get 10% more Hash Power.
When the invitee makes any trade, you will get Hash Power of his/her trade. The more people you invite, the more Hash Power you got. 1USD Trade Value = 1 Hash Power
YFX token have not been issued yet or listed on any exchange or swap.
There’s no public sale for YFX token. Participate in Genesis Mining events are the only way to get YFX token.
There is no investment value in YFX token. YFX token is the utility token in YFX network.
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