- Base Platform Launch (website, Yoollar App)
- BSC Initial Deployment
- Public Token Sale
YLC token is a digital multi-purpose utility token built on the Binance Smart Chain, with a total supply of 1,000,000,000 which is shared among developers, investors and users.
Team, Advisors, initial investors are carefully selected based on their commitment to ensure the long term goals of the platform. Assets of all holders who will be given medium stakes will be subject to 6 months vesting starting from the day of the transaction. YLC retained by the Team will be vested for 2 years starting from the day of the release of the token.
10% of the token is reserved to expand the platform in future sale or in the case of financial hardship, while activities on the Yoollar platform, protocols, staking, governance voting, scarcity & persistence will be the major factors driving the value of the YLC token. 10% will be offered as presale to initial investors to raise initial capital.
Users will be able to stake YLC to accrue rewards in the form of returns on their YLC assets in various pooled protocols. YLC tokens and rewards can be traded with other assets such as USDT after the staking period.
A portion of YLC’s value is created by leveraging a fee of 5% on realized capital gains from and a variable transaction fee on DEX swaps, which is partially added to the fund used to buy YLC from the market with the intent to redistribute it back to the community.
YLC tokens acts as governance token allowing users to vote on changes as regards the Yoollar project and long term/ short term plans and also allow users to propose new legislation. Only staked tokens will be eligible to vote, with the option to stake tokens for a specific proposal available during a voting period. Voting power or allocation of voting units per proposal will vary for different users depending on the amount of YLC tokens they stake and the duration of the stake.
Each user also has the right to create proposals which will come at the cost of staking an amount of YLC tokens for a period of time. There are no rewards for staked governance tokens beyond the increased voting power. Crowd sourcing is also a way of generating capital to create a proposal.
Total: 100,000,000 YLC
Price: 100 YLC = 1 USDT
30% Discount for Early-birds
The Yoollar utility platform aims to revolutionize the usage of decentralized finance by introducing commercial and lifestyle based applications that would enable enthusiasts to put digital currencies into actual day to day use. The impact of which we hope would influence and encourage people sitting on the fence of decentralized finance to take a position and join the moving train to the future.
Crypto currency in general has gained much attention but not the deserved level of acceptance as major economic stakeholders and financial services are still skeptical about the development due to high volatility and adoption. This has mitigated the use of crypto-currency despite having grown to a trillion dollar industry while majority of enthusiasts and developers hope it will someday be widely acceptable just like regular cash.
The Yoollar Utility platform incorporates the technology of decentralized finance for Ecommerce, Entertainment, Agri-business and supply chain, Sport, Fundraising for Startups, Governance, African Intra-trade, Staking and Classified Information bringing a plethora of opportunities to common users, entrepreneurs and venture capitalists. Some of these features are already enabled on the Yoollar platform, the sole aim of which to give the Yoollar Coin an intrinsic value within and beyond the public blockchain space.