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 6th – May 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 7th – May 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!
explore bounce platform
YFX Token IDO—Bounce、WeStarter
YFX Token Contract 0xF55a93b613D172b86c2Ba3981a849DaE2aeCDE2f
YFX Token Launch Schedule：IDO—LBP—DEX
Period:May 6th-May 9th
⬤ IDO (Initial Dex Offering) will start on Bounce、WeStarter (250,000YFX)
⬤ 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
Bounce（ERC 20, WeStarter（Heco Chain）Will start at the same time
The maximum amount for each participant is $400($0.8/YFX)=500YFX=
Total Value $200,000。
Note: YFX tokens will be released after LBP.
Date: May 9th 10:00 AM (UTC)
Each IDO platform has a whitelist, and users need to finish the whitelist authentication.
⬤ Official tutorial：https://docs.bounce.finance/bounce-auction-types/fixed-swap-auction/participate-in-a-fixed-swap-auction
⬤ Official tutorial：https://westarter.medium.com/westarter-tutorial-how-to-set-up-the-heco-wallets-5d8bfc253c78
If you want to learn more about YFX DEX and the launch of their governance token you can check out their links below.
Media Contact: [email protected]
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Insta Daily News journalist was involved in the writing and production of this article.