$YELLOW
Learn everything you need to know about our token
Last updated
Learn everything you need to know about our token
Last updated
Token Name: YELLOW
Token Ticker: $YELLOW
Blockchain Network: Ethereum, Base, Arbitrum, Linea, BNB, Polygon
Max Supply: 10,000,000,000
We are committed to giving our token simple yet effective utility right out of the gate. Over time we intend to broaden the use of $YELLOW with our partners and more.
On the Yellow network, every participant is identified using a Yellow Smart Account (YSA), which implements ERC-4337 (Account Abstraction). When a user submits a blockchain transaction through his Yellow account, fees are paid in YELLOW tokens using a Paymaster. The YSA allows posting TX across multiple chains and supports WalletConnect.
Our token is the key to accessing Yellow Network. Brokers are required to lock $YELLOW tokens as collateral and, in turn, get the ability to open trading channels.
Network participants must meet the lock requirements set by their counterparts, and this safety deposit can be slashed if one of the parties misses a settlement in the Time-to-settle (TTS).
Tokens collected from the penalty are collected into the Yellow Reserve Vault.
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When two participants execute a batch settlement, both sides pay a clearing fee on the USD evaluation of the settlement size (for example, 1% on each side of $20,000 worth of assets swapped).
This Clearing fee is also an incentive to optimize the size of batching. Clearing fees are collected and locked into the Yellow Community Vault.
The Yellow Reserve Vault or (Yellow Community Vault) is our concept of a treasury to secure Yellow Network. As the network is growing so will the Reserve Vault, providing security and comfort to all participants.
30% will be dedicated to ecosystem projects development (Community Fund)
Funds from that pool will be allocated based on community proposals; 25% will be allocated for growth-hacking rewards.
20% will be proportionally vested to the investors over a three-year period
10% will be proportionally vested to the founders and team over a five-year period
12.5% will be allocated for Yellow Treasury and for future growth
2.5% will be allocated for liquidity provision.
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