✅✅ YFIONE V3 Update - Smartcontract
Migration.
🔔🔔🔔🔔 Attention Please !
Keep pace with development,
🟢 To increase security,
🟢 To continue farming YFO rewards and MAKE THE FUTURE OF YFIONE more better.
🟢 After the new smartcontract and migration, the YFO team will Renounce the contract and it will be completely safe and forever decentralize.
🟢 The new raised funds will be locked for 10 years.
Start date: June 16th
YFO Swap start date: June 30th
Swap durations: 2 weeks (June 30th - July 16th)
Dear YFO Community,
We are want to share some important news regarding the future of our project.
After careful consideration and in line with our vision for YFIONE, we have decided to undergo a smartcontract rebranding process. This
Migration will bring about significant improvements to our platform, enhance security, and pave the way for new opportunities.
We truly appreciate your support throughout our journey, and we are excited to embark on this new chapter together.
As part of the MIGRATION , we will be introducing a new token and thereby migrating the YFO bep20 from the Binance Smart Chain (BSC) to solely ERC20 on the Ethereum blockchain. This shift will allow us to focus on refining and strengthening our core product, YFIONE.
There will be no more YFO on BEP20 but only on Erc20.
The first step in this transition is the token swap event, which will take place over the course of two weeks. During this period, we kindly request all YFO token holders to send their old YFO tokens to our designated address:
"Address coming soon (TBA) "
It is crucial to note that after the event concludes, we will no longer support the old YFO token, and the swap ratio will no longer be 1:1. Instead, the new token allocation will be determined by the listing price on decentralized exchanges (DEXs) after the swap event concludes.
We want to ensure a fair and transparent process for everyone involved.
To maintain transparency and demonstrate our commitment to the project's future, we will burn all the old YFO tokens once the event concludes. This measure is aimed at aligning the tokenomics and ensuring the new YFO token represents the vision and direction of YFIONE.
YFO NFT Airdrop to Community members
Furthermore, we are pleased to announce that we will be minting dynamic YFO NFTs exclusive to the YFIONE community. These NFTs will be airdropped to our loyal supporters as a token of appreciation for their continued trust and belief in our project.
You can stake your NFT's to mint YFO tokens along the line.
We are confident that this will further enhance the overall experience and value proposition of YFIONE.
During the
Migration process, the YFO LP will be removed, and the funds from this liquidity pool will be allocated towards the marketing of the new YFO token's (fair launch) so that we can make the Fair-launch a success and therefore,
Increase high liquidity for YFO.
We have carefully planned the distribution of the raised funds from the Fair-launchas follow:
🟢 60% will be locked for a period of 10 years.
🟢 30% will be allocated for top exchange listings, and...
🟢 10% will be used for external marketing initiatives.
This strategy ensures the long-term sustainability and growth of YFIONE.
Here are the details of the new tokenomics:
- MAX Token supply ONLY ON ETH CHAIN (ERC20) : 50,000 YFO
- Ecosystem: 27,000 YFO
- Mining: 5,000 YFO
- Liquidity Pool: 8,000 YFO
- Fair-launch: 7,000 YFO
- Liquidity Pool for DEX: 3,000 YFO
We want to assure you that this
Migration process is driven by our determination to improve the YFIONE smart contract and address underlying issues that have been identified on security websites.
E.g:
https://gopluslabs.io/token-security/1/0xac0c8da4a4748d8d821a0973d00b157aa78c473d
We are fully committed to providing a secure and reliable platform for our community members and we will use this process to make sure YFIONE go back to its old glory, with your support.
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