Monday, January 30, 2023
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Yorkie Inu, a New Rugpull-Proof Community-Driven Defi Meme Project Live on PancakeSwap

by firstcryptonews
June 16, 2021
in Press Release
Yorkie Inu

Yorkie Inu is a new Meme defi project that combines the best of community-driven Meme coins with an ever-expanding defi world. The project is built on top of the highly versatile Binance Smart Chain (BSC) that has become the go-to choice for a majority of new Defi projects. Yorkie Inu is a deflationary auto-liquidity generating, static rewarding cryptocurrency protocol. Yorkie Inu directly rewards the holders, while continuously increasing liquidity. The token rewards the investors just for holding; On each transaction, the protocol automatically distributes rewards to holders as well as auto-burn liquidity.

With no pre-sale and none held back for the development team, 100% of the tokens were released on the open market creating a fair and complete distribution of the coins. Yorkie was created to provide the world with a Binance blockchain-based token that gives holders the security and versatility of the Binance blockchain while yielding rewards and enhancing the decentralization of digital assets. The token was built with a vision to strengthen the existing systems while adding secondary benefits that redistribute 2.5% of all transactions to existing holders. This will supply investors with an increase of Yorkie in their wallets with each transaction.

The secured blockchain ledger grants investors control and security over all of their digital assets. Yorkie utilizes an eco-friendly approach to traditional token mining and distribution technology as all tokens are delivered through automated farming. By doing so, it allows Yorkie to operate in a more environmentally friendly and sustainable manner.

Yorkie Inu Offers a 100% Environmental Friendly Token

There has been a lot of talks around rising environmental concerns due to crypto mining. China has started a crackdown on crypto mining activities despite being a hub for more than 50% of the world’s crypto mining. Yorkie Inu is one of the only environmentally friendly and 100% decentralized tokens with the entire supply released to the open market and none burnt to a dead address to avoid any rug pulls. Yorkie Inu currently have 6 months of liquidity locked, once we convert to V3 we will lock liquidity for 1,000 years. This provides limited risk to investors while ensuring security through the Binance blockchain.

Yorkie Inu tokens are not mined as they are backed by automated farming allowing us to function in a more environmentally friendly setting. The total supply of 10,000,000,000,000 Yorkie Inu was released to the open market at launch. 2.5% of every transaction is redistributed to existing holders’ wallets providing investors with additional tokens along the way. The community makes the Yorkie Inu token decentralized and secure while the team behind the project has ensured it is 100% environmental friendly with robust tokonomics.

Yorkie Inu is Rug Proof With New Auto Liquidity Function

In many meme coins, and related DeFi projects, the problem is that big whales come from nowhere, fill their wallets with a huge number of tokens, cause a huge increase in price and cause price pumps that we all love to see. And once the chart has a line that is more vertical than horizontal (goes up), a large number of people like me and you (us common, poor traders) also start investing too. And once the bags are full and the token has made over 3-7x these whales sell, the graph sees a downward jump.

The explanation for such a large price drop is that the liquidity pool where the tokens are kept in another currency loses a significant amount of the other currency. More tokens are added to the liquidity pool, and less BNB/ETH or whatever is removed. This results in a loss of value and the dreaded graphs we discussed earlier.

This is the reason for the integration of the newly famous auto liquidity generation function in our contract. This function not only saves the high price variation problem but also solidifies Yorkie Inu’s future.

This function causes a certain percentage of tax to be deducted on each transaction to automatically generate liquidity locked inside PancakeSwap liquidity pools. In our case, this percentage is 3%. Take, for instance, a transaction of 1 million Yorkie Inu tokens occurs and the Automatic LP percentage is set to 3%, 0.03 million will be set aside for automatic LP generation. 0.015 million BNB will be converted, and 0.015 million tokens will be combined and transferred to the liquidity pool, ensuring that the addition of these assets does not trigger a price change.

Official Website : https://yorkieinu.com/
Twitter : https://twitter.com/yorkieinu
Telegram : https://t.me/yorkieinu
Whitepaper : https://yorkieinu.com/wp-content/uploads/2021/06/whitepaper-1.pdf
Yorkie Inu Scan : https://bscscan.com/token/0x3177354ddbaacf9fc1c642418835e5b01e723ea4
Yorkie Inu Chart : https://poocoin.app/tokens/0x3177354ddbaacf9fc1c642418835e5b01e723ea4

Related Posts

A Newly Created DAO Aims at Building a Time Machine

A Newly Created DAO Aims at Building a Time Machine

by firstcryptonews
January 30, 2023
0

The DAO’s core team intends to raise funds to enable a Thai professor to realize his invention Quite recently, in...

ModelVerse, an NFT Collection that Celebrates Female Beauty

ModelVerse, an NFT Collection that Celebrates Female Beauty

by firstcryptonews
January 29, 2023
0

NFTs or Non-Fungible Tokens, a popular form of digital art, thanks to Blockchain technology, have swept the space like crazy....

Synergy Integrates Social Media and E-commerce to Create a Platform that will Transform the Space for Good

Synergy Integrates Social Media and E-commerce to Create a Platform that will Transform the Space for Good

by firstcryptonews
January 27, 2023
0

Blockchain has found a lot of applications in the last few years, with several industries relying on it to bring...

Bobcoin: Bob Eco launches its 2nd generation African Electric Motorcycle

Bobcoin: Bob Eco launches its 2nd generation African Electric Motorcycle

by firstcryptonews
January 20, 2023
0

Hong Kong – Tech company Bob eco launched its second-generation Model X electric motorcycle. With the new changes to the...

R33LZ: An Innovative Social Media App on Web3, Built on the Blockchain

R33LZ: An Innovative Social Media App on Web3, Built on the Blockchain

by firstcryptonews
January 18, 2023
0

Welcome to R33LZ. The first social media crypto platform that allows you to watch, engage, share and monetize your content...

Web3 Music Discovery Club Launches, Uniting Music Lovers and Independent Artists Worldwide

Web3 Music Discovery Club Launches, Uniting Music Lovers and Independent Artists Worldwide

by firstcryptonews
January 18, 2023
0

Music is the soundtrack of life, it speaks to our souls and unites us all in a beautiful harmony. [Montreal,...

Next Post
Kommunitas

Kommunitas set to build tier-less Launchpad platform for blockchain projects

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Blockchain Life

The 4th largest international forum on blockchain and cryptocurrencies Blockchain Life 2019 takes place in Moscow on October 16th—17th.

3 years ago
Lattice Exchange

Lattice Exchange unveils decentralized LaunchPad for undiscovered cryptocurrencies

1 year ago
ICON Partners with RFOX

ICON Partners with RFOX to Enter the Metaverse and Explore Further Opportunities to Push Technological Boundaries

1 year ago
PlaceWar

PlaceWar Releases Playable Demo, Rewarding Players Genesis NFT & $1,000 Prize Pool

1 year ago
Top crypto signals provider

Top crypto signals provider

1 year ago
quiverx

QuiverX: Black Label

2 years ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

January 16, 2023

Press Release

A Newly Created DAO Aims at Building a Time Machine

A Newly Created DAO Aims at Building a Time Machine

January 30, 2023

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News