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 the YFX decentralized exchange running more efficiently than all its competitors. Right now, traders can utilize the Ethereum, Binance Smart Chain, Tron, HECO, blockchains, with the Polkadot and OKEx chains soon 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 its users the same opportunity to share in the DEX’s success and enable voting rights with a token of its own, YFX.
The YFX token launch schedule is as follows: IDO — LBP — DEX
Period: May 6 to May 9
Initial DEX offering: May 6 and May 7
On May 6, YFX will have an IDO 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 official channels in advance. Please stay tuned.
Liquidity bootstrapping pool: May 7 to May 9
The YFX token will be deployed to Balancer’s Liquidity Bootstrapping Pool on May 7. Investors will be able to purchase YFX once the LBP opens, which is open to all investors. Investors participating in the LBP do not need to be whitelisted. The address of the LBP will be announced in official channels in advance.
Platform URL: https://balancer.finance
Note: LBP uses a variation of Dutch auction and reverse auction. At first, the YFX token will be set at a high price, and if there are no buying orders, its price will continue decreasing with time. Please make sure you are familiar with the auction rules before participating.
Launch on the DEX: May 9
After the LBP, the YFX token will launch on the DEX on May 9, 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 our official channels.
YFX Token IDO — Bounce, WeStarter
YFX Token Contract 0xF55a93b613D172b86c2Ba3981a849DaE2aeCDE2f
Total Amount: 100000000
YFX Token Launch Schedule: IDO — LBP — DEX
Period: May 6 to May 9
IDO — Bounce, WeStarter May 6
- The initial DEX offering will start on Bounce, WeStarter (250,000 YFX).
- IDO Starting Time: May 6, 10:00 AM (UTC)
- Investors participating in the YFX IDO need to be whitelisted before May 6.
- Price: $0.8 per YFX token.
Platform：
Bounce ERC-20, WeStarter（Heco Chain)
Bounce: https://bounce.finance
WeStarter: https://www.westarter.org
Allocation:
Bounce: 125,000 YFX
WeStarter: 125,000 YFX
The maximum amount for each participant is $400($0.8/YFX)=500 YFX
Total value: $200,000.
Swap：
Note: YFX tokens will be released after LBP.
Date: May 9, 10:00 AM (UTC)
Tutorials
Each IDO platform has a whitelist, and users need to finish the whitelist authentication.
Bounce:
- Official tutorial: https://docs.bounce.finance/bounce-auction-types/fixed-swap-auction/participate-in-a-fixed-swap-auction
- Twitter: https://twitter.com/bounce_finance
- Telegram: https://t.me/bounce_finance
- Medium: https://bouncefinance.medium.com/
WeStarter:
- Official tutorial: https://westarter.medium.com/westarter-tutorial-how-to-set-up-the-heco-wallets-5d8bfc253c78
- Twitter: https://twitter.com/westarter_org
- Telegram: https://t.me/westarter_official
- Medium: https://westarter.medium.com
If you want to learn more about the YFX DEX and the launch of its governance token, you can check out the company’s links below.
Website: https://www.yfx.com/
Twitter: https://twitter.com/YFX_Defi
Medium: https://yfxdefi.medium.com/
Telegram: https://t.me/YFX_EN
Discord: https://discord.gg/xwAtjpabC5
Media Contact: media@yfx.com