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Token Utility

  • Token Name: YELLOW
  • Token Ticker: $YELLOW

Token Usage​​

$YELLOW tokens must be locked to access the state-channel infrastructure and become a participant in the Yellow Network.

The node software is open-source; however, you need to lock $YELLOW tokens to become an exchange broker or application in Yellow Network.

Participant Registry and Collateral​

A central registry and vault contract is used for participants to register and lock $YELLOW tokens.

Minimum Requirements​

  • There is a minimum amount required to become a visible licensed broker or application on the network, but there is no maximum.
  • The amount applications are ready to put at stake should increase trust in their correct behavior.
  • Lock 250,000 $YELLOW tokens to activate 4 broker-to-broker trading channels
  • Stake collateral to be able to exchange between brokers
  • Access shared order book liquidity of connected peers

Registry Information​

The registry serves as a reputation database for participants, recording key information such as:

  • Trading volume
  • Disputes lost (recorded on-chain)
  • Amount of capital locked
  • Public key registration
  • Reputation scores

All participants should have registered their public key and locked $YELLOW tokens before accessing the layer-3 infrastructure.

Yellow Token Characteristics​

Token Type: ERC-20

Blockchain Network: ETH

Max Supply: 10,000,000,000

Token Distribution​

[Token Distribution Chart]

  • 30% will be dedicated to ecosystem projects development (Community Fund);
  • Funds from that pool will be allocated based on community proposals 15% will be allocated for growth-hacking rewards;
  • 10% will be allocated for trading mining rewards;
  • 20% will be proportionally vested to the investors during 3 years period;
  • 10% will be proportionally vested to the founders and team during 5 years period;
  • 12.5% will be allocated for Yellow Treasury and for future growth;
  • 2.5% will be allocated for liquidity provision.