Yellow Network’s Token Sale on LaunchBlock
The Yellow Network’s native token $YELLOW is going on Launchblock.com.
Token Sale date on Launchblock.com: TBA
- Yellow Token Sale will consist of 1,000,000 $YELLOW tokens available to all tiers on Launchblock.com.
Users who have staked their LBP tokens are eligible for entry into the Token Sale at Launchblock.com. Before participating, users are required to create a Metamask wallet. The wallet will be used to connect to Launchblock.com and stake LBP tokens to take part in the Token Sale successfully.
What is Yellow.com?
Yellow Inc., a blockchain product and infrastructure company, aims at building Web3 Internet of Finance, solving the problem of fragmented liquidity across hundreds of Layer-1/2 networks and exchanges.
Speaking on the announcement, Yellow.com Executive Chairman Alexis Yellow said:
“One of the biggest challenges cryptocurrency exchanges face today is the inability to become what is effectively a retail broker. If, for instance, Robinhood, to serve their retail customers, had to negotiate with stock issuers such as Google and Apple to buy their stock and settle daily, it would be aberrant. They adhere to their retail broker business, manage the process well, and have partners that route their client order deal flow to appropriate exchanges like NASDAQ or sometimes match it.
Yellow Network solves this problem. It provides the tools to build an efficient broker exchange and the infrastructure to connect it to a network of brokers, unlocking liquidity, offering maximum security, and delivering an ultra-fast trading solution with very low fees.
Yellow Network promises that what Bitcoin brought to the Payments ecosystem, $YELLOW will bring to the trading ecosystem.”
On the recent announcement, Matt Lucz from the Launchblock.com team said:
“Having worked alongside Alexis and the Yellow team for a number of years since the early days at Travala.com it only made sense to support the Yellow Network launch and bring it to the Launchblock.com users, this is an extremely well-experienced team within the space and a great opportunity for the Launchblock.com userbase.”
Use cases of $YELLOW
$YELLOW will bring various use cases to its holders, with four key use cases including:
- Staking for running broker nodes; the requirement for brokers to run and operate on the network is set to 250,000 $YELLOW / 4 channels.
- Liquidity mining through bridging; users can run a Yellow node on any cloud, connect it with their CEX/DEX account and mine liquidity.
- Delegate your token to a broker; support your favourite broker to scale and pay network fees, allowing you to share the broker’s income.
- Lower trading fees on Yellow; Yellow.com is a retail broker of the network where the trading fee schedule depends on your token balance.
Yellow Partnerships
Yellow.com has created various partnerships with well-known projects within the cryptocurrency space, current partners include:
- Consensys; the leading Ethereum software company, enabling developers, enterprises, and people worldwide to build next-generation applications.
- Polygon; a well-known blockchain within the space, drives your dApps to the finishing line faster, safer, and without worrying about the gas.
- Qredo; New infrastructure for digital asset ownership and blockchain interoperability
- Fireblocks; enabling businesses to easily and securely support digital assets and cryptocurrencies.
- Hacken; the leading Security Consulting Company with an essential focus on blockchain security.
- Zokyo; a venture studio that builds, secures, and funds crypto, DeFi, and NFT companies.
- GSR; a world-leading crypto market maker and ecosystem partner
- Assetum; market maker
Yellow Token Characteristics
Token Type: ERC-20
Blockchain Network: ETH
Max Supply: 10,000,000,000
Initial Circulation Supply: 40,000,000 (0.4% of max supply)
Token Public Sale Price: 0.050$
Initial Circulation Supply Market Cap: $2,000,000 (initial unlock * public price)
Token Public Round Market Cap (Fully Diluted): $500,000,000
Project Valuation: $20M at Seed price
Token Distribution
Yellow.com tokens will be distributed to the Token Sale investors via the Yellow.com vesting portal, the token metrics are as follows:
Vesting Schedule for Token Sale
The Launchblock.com community who invest in the Yellow Network Token Sale will be subject to the vesting schedule, this is as follows:
Token Sale
Price: $0.050
Day 1 Release: TBC
Vesting: TBC
How to participate in the Yellow.com Token Sale
The team have released a full step-by-step guide on how to take part in the Yellow.com Public Sale on Launchblock.com.
About Yellow Network
Yellow Network is a Layer-3 decentralized Broker Creating Network powered by state channel technology used for communicating and trading between brokers and aggregating liquidity of connected nodes.
About Launchblock.com
Launchblock.com is your borderless incubator for raising funds & scaling projects across the GameFi, NFT financing, Defi, and the entire Cryptocurrency Space.
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