YTC Token or YourTruce Community Token is a governance token built to provide certain access or permission to the protocol. Apart from being a governance token, the platform is built compactly with the token. Every swap that happens over the platform has a 0.3% fee out of which 0.04% goes directly to incentivize liquidity providers of YTC tokens. This ensures as the platform grows the incentives will attract more liquidity providers for the YTC tokens.
Total Supply: 100,000,000,000
Community: 80,000,0000,000
Backers: 10,000,000,000
Team: 10,000,000,000
For the community, the tokens will be used to incentivize the liquidity providers, the traders for doing swaps or opening positions over the platform. The emission for the community will take 4 years to get unlocked, the first year 40% of the tokens will be released, followed by 30%, 20%, and 10% for the last year. This ensures the adoption of the platform as it grows and becomes better.
For Team the vesting period is of 4 Years after which there is an emission rate of 10% / month.
Last modified 1yr ago