SST Airdrop, Tokenomics & Pre-Sale Preview
Dear Community,
Now that we’ve voted in the SafeSwap Token (SST) and NFTs to facilitate the governance process and introduce liquidity providers on SafeSwap, it’s time to explore the high-level details behind SST delivery mechanics, tokenomics, and, of course, bonuses.
The SST is a true game-changer for our DEX, and will further accelerate our growth as a complete DeFi ecosystem and step into an ever more leading role in the DeFi space all together.
We have deliberated long and hard on ensuring that SafeSwap will be a giant success with ample liquidity and rewards for our stakeholders, especially for YF-DAI holders that provide long-term support.
All YFDAI’s holders, stakers and farmers will receive airdrops of SST, similar to the way Uniswap conducted their airdrop, however we will offer more rewards and incentives to YFDAI stakeholders than any other project to date in DeFi!
SST Airdrop for YF-DAI Holders, Stakers, Farmers
The SST airdrop will occur over a 6-month period and will be awarded based on the amount of YF-DAI held and commitment to the project. Snapshots will be done on a monthly basis.
All YF-DAI holders will be eligible for the initial airdrop as long as they are holding, staking, or farming prior to the initial snapshot, which will be announced soon.
However, long-term supporters of YFDAI who participate in staking or farming will be rewarded with the most favorable SST airdrop, followed by YF-DAI purchasers before a specified date to be announced.
You will be required to hold a certain amount of SST to vote, details to be revealed.
It is not too late to maximize your SST airdrop, stay tuned to the details that will be released next week!
SST Tokenomics Overview
The maximum token supply for SST will be 210 million tokens. The SST tokenomics ensure there will be plenty of liquidity on SafeSwap as well as rewards for YF-DAI holders committed to the project.
The breakdown of SST tokenomics and distribution will follow a specific structure that will allocate tokens with pre-set token distribution and token lock parameters across the following categories:
SST Airdrop to:
- Liquidity providers
- YF-DAI token holders
- SafeSwap Users
- Top holders of key SafeSwap-listed projects
SST Pre-Sale:
- Via LaunchPad
- Via SafeSwap and Uniswap
Other:
- Used for staking rewards
- Added to SafeSwap and Uniswap for liquidity
- Deployed to reserve fund
A full breakdown of the token %’s per category, distribution schedule, and other specifics will be detailed as we release more information.
SST Pre-sale
The SST will initially launch on YFDAI LaunchPad and will only be available to those Staking or Farming YF-DAI at a considerable discount to the public sale price.
This will be a small pre-sale raise of SST where funds will be used to add liquidity for the SST pairings on SafeSwap and Uniswap.
To access the SST pre-sale via LaunchPad, a user will have to stake or farm YF-DAI for at least 15 days. The more YF-DAI you have staked or farmed, the higher the SST allocation you will receive.
We will give the community 20 days notice to the pre-sale launch date, and there will be generous multipliers in full effect based on the time that you are staking or farming. The longer you stake, the more allocation you will earn, so start today without delay and you will be rewarded handsomely.
The SST distribution schedule, use of funds raised, and full eligibility details will be provided next week.
SST Loyalty Bonus Tiers
To give our amazing community even more reasons to buy, hold, stake and farm YF-DAI and SST, we have created additional loyalty bonuses that include a last-man standing NFT and a $100,000 prize pool of YF-DAI.
YF-DAI stakers or farmers that do not reduce their amount of YF-DAI between each SST distribution will be rewarded with a monthly bonus over the distribution period. SST holders will also be eligible for a monthly bonus in a similar capacity.
Qualifying criteria will be revealed next week.
What’s Next
We’re excited for our community to join us in the evolution of the YFDAI ecosystem and will showcase a full deep dive into all of the fine details of the SST distribution mechanics, tokenomics, and bonuses in our next Medium article and supplemental materials. Stay tuned!
YFDAI TEAM
Important Links:
Governance — https://governance.yfdai.finance
Telegram Governance — https://t.me/joinchat/TjNNP9ipD9ObYLUU
Farming — https://farm.yfdai.finance
Staking — https://stake.yfdai.finance
Website — https://yfdai.finance
Telegram Community — https://t.me/yfdaifinance
Telegram Announcements — https://t.me/yfdai
Discord — https://discord.gg/S3GRXRC
Bitcointalk — https://bitcointalk.org/index.php?topic=5295276.new#new
Reddit — https://www.reddit.com/r/YFDAI/
