We’re all super excited for the upcoming $YAE public token offering to be carried out via DuckSTARTER this Friday, but what’s an ERC-20 token without some deep liquidity? After all, there’s no trader on this planet who doesn’t fancy seeing pair liquidity stacking up.
We expect to see significant $YAE liquidity spread across multiple pairs and several AMMs as retail and institutional traders come to understand Cryptonovae’s unique market position. However, we do need to keep the short-term in sight, and to that end, we’re proud to tease our upcoming liquidity mining program.
Prepare for a liquidity mining program like no other! We’re analysts at heart, so we couldn’t help but review what others in the space have been doing, effectively dismissing anything that’s not on par with our ethos. The nitty-gritty details are still in the works for now, but $YAE HODL-ers should expect positive incentives for liquidity providing on selected AMMs. A staking function is also being implemented, with 32% of the total $YAE supply destined to reward loyal stakers and LPs.
About Cryptonovae’s $YAE Token
Cryptonovae is building a crypto trading ecosystem like no other, filled to the brim with sophisticated tools, multi-exchange support, and a powerful charting engine. As its native token, $YAE facilitates interaction with the ecosystem by supporting payments, contests, referrals, discounts, loyalty programs, and other interesting use cases.
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Investing in YAE tokens involves the risk of a partial or total loss of the investment. There can be no assurance as to the liquidity of the tokens acquired during the offer, the existence of a secondary market for such tokens, the value of the tokens acquired during the offer, and the equivalent value of these tokens in foreign currency. The YAE tokens do not constitute financial instruments within the meaning of European regulations (MIFID) and do not confer any other rights than those described in our pitch deck and technical white paper. In addition, the regulatory framework applicable to the offer and to the tokens and the tax regime applicable to the holding of the tokens is not currently defined in certain jurisdictions.