BlockBeats news: On January 30, DeFi protocol YO announced the YO token economics. The total supply of YO tokens is 1 billion, with 8% allocated for the genesis airdrop (to reward early supporters and active participants), 30% for community growth and future rewards (to fund yield programs, treasury rewards, insurance mechanisms, and future incentive programs), 21.5% for ecosystem development and strategic partnerships, 24% allocated to core contributors, and 16.5% to investors. The claiming period will open on February 5.
DeFi Protocol YO Reveals YO Token Economics, 8% Allocated for Genesis Airdrop
KuCoinFlashShare
Summary
DeFi protocol YO has released a protocol update detailing the token economics for its YO token. A total of 1 billion tokens will be distributed, with 8% reserved for a genesis airdrop. The remaining allocation includes 30% for community growth, 21.5% for ecosystem development, 24% for core contributors, and 16.5% for investors. The airdrop claiming period begins on February 5. The project has also emphasized security measures to prevent a DeFi exploit.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.