We wouldn’t want any exciting Defi wave surfers to miss our ever-popular YAO governance token, and here is what all our token holders need to know.
YAO are essentially “tokens” on a smart contract that are programmatically developed and enforced based on fixed criteria written on mandate. These rules can be changed/updated through a consensus voting mechanism built into the smart contract. The only way to acquire $YAO token is through participating in the staking of funds into $YAO product’s smart contract. Works exactly as “vesting shares” in a typical technology start-up.
Execute the power to make a difference!
The incentives mechanism of YAO governance token is designed to attract and stake liquidity and ensure network efficiency and long-term demand and abundant community involvement.
A simple governance framework with $YAO token holders can easily participate in shaping the direction of the YAO protocol. Each $YAO token is counted as 1 vote. Anyone with 1000 $YAO token in their delegated address can vote any governance plan, its either propose custom quant strategies, or changing priorities on integrations, even other functions that LP seems suitable for funds directions.
All proposals are subject to a 3-day voting period, and any address with voting power can vote for or against the proposal. If a majority votes are cast for the proposal, it is queued in the timelock, and can be implemented after 2 days. All voting is done at Snapshot.page for easier management and gas saving. Note that 20% of the staked $YAO needs to vote on a proposal for it to pass, or else it will fail. Also, it has to have at least 51% of the votes for a yes. All of this is executed on smart contracts.
Token model & price
We put YAO token model out here so our holders can get a straightforward idea:
· Initial market cap: A very modest $558k initial market cap.
· YAO is an anti-inflation model. Block rewards reduction running monthly for 2 years.
· Low Inflation. 100k YAO tokens daily.
· Ticket size per individual is capped at $5k for individual and $50k for institution.
· Small pre-sale raise. 3m YAO token available in advanced for private and public sale, $400k private and $100k public sale (equivalent in ETH and/or stablecoins).
· Low cap valuation. $13,888,888 pre-sale valuation
· High liquidity & low slippage, with 1% allocation for initial liquidity at Uniswap and CeX.
For highlights, YAO uses a much simpler model for calculation that crypto investors would understand, we architect and implement the deflationary rewards model, that provides 30%initial liquidity for LP. By the 2 years cycle, all the block rewards will be fully distributed by the smart contract.
Private & public sale detail:
TGE Schedule:
Allocation breakdown:
Staking incentives
In order to reduce market selling pressure from speculators and to incentives reward for YAO holders for longer term benefits, the implemented incentives strategies for rewards are more than generous: YAO offers double the reward for 3 months staking duration, triple the reward for 6 months staking duration and quadra, for 12 months, if holders staking into YAO/ETH liquidity pool, they receive double the rewards also, on top of that, 50% network fee reduction is offered if stake YAO token.
