YFDAI Monthly Transparency report
Dear Community
The 2nd monthly unlock from the time-release smart contracts has been completed, please find below confirmation of upcoming transfers.
Team Tokens — Maximum Monthly Allocation 105 Tokens
As you are aware YFDAI did not carry out a presale and funding of the project has been paid directly from the team. The team tokens are in place to pay for core team members salaries.
This month 100% of the team tokens available will be used to cover the salaries of the team. The Team plan to hold these however any tokens sold will be made whilst respecting the orderbook with a maximum amount of $500 of tokens to be sold per day per team member.
The additional Devs and Security Team are taking 50% Tokens which they want to hold and 50% USDT. The Dev Team plan to hold these tokens however any tokens sold will be made whilst respecting the orderbook with a maximum number of $500 of tokens to be sold per day per Dev. The token payments for the Dev team totaling 19.548 tokens will be paid directly to the Devs from the Development fund to the wallet addresses detailed in the chart above.
The team will fund the USDT balance of $18,385 using the funds that were obtained by the initial tokens sold to fund the core business as per the following medium article:
https://yfdaifinance.medium.com/dear-community-35e63283e021
A total of 104 tokens were sold gaining 332 Ethereum that will be used to fund the development of the project. A total of 96 tokens remain with the market maker and these will be sold in a controlled manner to ensure price levels and orderbook liquidity are respected. The funds gained will be used to pay for the recent licensing, the development of SafeSwap, Launchpad, complete the e-money license and develop the ecommerce platform.
Please note that to provide full transparency if at any point more funds are required an announcement shall be made confirming the amount of tokens to be sent to the Market Maker with at least 72hrs notice being given.
Marketing Tokens — Maximum Monthly Allocation 175 Tokens
As the marketing campaign continues a mixture of YFDAI tokens and USDT will be used. There is a total of 175 tokens available and the current monthly spend shall be around 90 tokens. Please note that this may not be the final amount used for the month as we are still in talks with several marketing options. The remaining tokens not used will roll over for future marketing. For each party who receives tokens there is an agreement in place that not more than $500 of tokens can be sold in a 24hr period and with a maximum slippage/price impact of 2% to be respected. Staking has also been offered to our partners with the large majority opting to stake some or all of their tokens.
Please note that all marketing contracts are based on a USD amount of YF-DAI, therefore the amount of YF-DAI required per month will decrease. We also have segments of the marketing campaign that will not start until certain milestones are reached.
You will see multiple amounts leave the wallet later today/tomorrow.
Advisor Tokens — Maximum Monthly Allocation 105 Tokens
The Team supporting YFDAI has grown substantially over the last 6 weeks, this month 89 tokens will be distributed with a large proportion of the advisors agreeing to lock their tokens in staking. Advisors have the option to sell their tokens however there is an agreement in place that not more than $500 of tokens can be sold in a 24hr period and with a maximum slippage/price impact of 2% to be respected
TXID’s for Token transfers from Time release smart contracts
Team & Advisor Tokens
https://etherscan.io/tx/0xd3d44a88254d3b330a96dc8c19e4bdbf86f8221de091fcdadb18dfa814dff4a3
https://etherscan.io/tx/0x6a7be23c69cfaf1b1900b51887a8285caf798ed4e1a4ab80224f882d153ca02c
Marketing Tokens
https://etherscan.io/tx/0x2d96ec75f45c2d7bfdaae77a44a0e85db08659244709f274feaea15401937293
https://etherscan.io/tx/0xe3056cc449e26234c968097d22522ef1274d4bc298203f2479c1c7c4e273697e
Summary
It has been a very strong month for YFDAI, the marketing efforts have given us widespread exposure and the economics have been proven by the fact that with farming, staking, team,advisor and marketing payments the token price has increased by 188% in the past month. Wallet holders and also Staking/Farming TVL has also seen significant increases.
Wallet Holders
09 October 920 Holders
09 November 1880 Holders
Staking
09 October 217 stakers
09 November 494 stakers
With the launch of SafeSwap and LaunchPad imminent, along with a surprise new service we look forward to continuing our path of growth and expansion.
YFDAI Team
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