YFDAI Transparency Report for August 2021
The 11th monthly unlock from the time-release smart contracts has been completed, please find below confirmation of completed transfers.
Team Tokens — Maximum Monthly Allocation 105 Tokens
As you are aware, YFDAI was an in-house funded project which was able to launch without a presale. With that said, team tokens were set in place to pay for the core team members’ salaries.
This month, 45.5% of the team tokens available will be used to cover the salaries of the team. The team is dedicated and plans to hold much of these tokens, however, any tokens sold will respect YFDAI’s policy of having a maximum amount of $1,000 of tokens to be sold per day, per team member.
The additional devs have received their compensation in 100% YFDAI this month. The website developer will receive their compensation as 50% in USDT. While the Dev Team plans to hold much of these tokens, any tokens sold will be made whilst respecting the YFDAI policy of having a maximum amount of $1,000 of tokens to be sold per day per Dev. The token payments for the Dev team totaling 105.775599681 tokens and $66,475 USDT will be paid directly to the devs from the Development fund to the wallet addresses detailed in the chart above.
A Total of 600 YFDAI was taken from the Development Fund for Exchange Listing Fees and Market Making for two Tier 1 exchanges in the month of May. One Tier 1 exchange listing or two Tier 1/2 exchange listings are planned to be done within the next 60 days. Please note that to provide full transparency, if at any point more funds are required for market-making, an announcement shall be made confirming the number of tokens being sent to the market maker with at least 72hrs notice being given.
Marketing Tokens — Maximum Monthly Allocation 175 Tokens
In July month, all marketing tokens were released from the smart contract as per the tokenomics. A mixture of YF-DAI tokens and USDT will be used to fund the marketing campaign. The current monthly spending shall be around 56.749177854 tokens. Please note that this may not be the final amount used for the month as additional marketing avenues are constantly being added. The remaining tokens not used will roll over for future marketing. Currently, there are a total of 257.308 marketing tokens left over from previous months. For each party who receives tokens, there is an agreement in place that not more than $1,000 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.
All marketing contracts are based on a USD amount of YF-DAI, therefore the amount of YF-DAI required per month will decrease as the price of YF-DAI rises. We also have segments of the marketing campaign that will not start until certain milestones are reached.
Advisor Tokens — Maximum Monthly Allocation 105 Tokens
This month 189.09752838 YFDAI tokens and 20,882.62 USDT have been distributed. The USDT payment has been provided from 100 YFDAI which has been sold at a previous date. While advisors have the option to sell their tokens, they are bound by the agreement that not more than $1,000 of tokens can be sold in a 24hr period and with a maximum slippage/price impact of 2% to be respected. Currently, there are 586.612 tokens carried over from previous months.
TXIDs for Token transfers from Time release smart contracts
Team & Advisor Tokens
The major accomplishments that YFDAI has delivered this month include DAO1 token raise completion and listing, our Kucoin listing, and the launch of SSGT staking.
09 October, 920 Holders
09 November, 1880 Holders
11 December, 3631 Holders
09 January, 4119 wallet holders
09 February 5, 4388 wallet holders
15 March, 6189 wallet holders
22 April, 6362 wallet holders
20 May, 6341 wallet holders
9 June, 6186 wallet holders
22 July, 6175 wallet holders
09 August, 6256 wallet holders
Staking and Farming
09 October, 217 stakers
09 November, 494 stakers
11 December, 1050 Stakers
11 December, 52 SafeTrade Stakers
9 January, 1233 Stakers
9 January, 63 SafeTrade Stakers
9 February, 1,662 Stakers
9 February, 61 SafeTrade Stakers
15 March, 2321 Stakers
15 March, 71 SafeTrade Stakers
15 March, 415 Farmers
22 April, 2758 Stakers
22 April, 78 SafeTrade Stakers
22 April, 407 Farmers
20 May, 2734 Stakers
20 May, 75 SafeTrade Stakers
20 May, 308 Farmers
9th June, 2712 YFDAI Stakers
9th June,71 SafeTrade Stakers
9th June, 712 SSGT Stakers
9th June, 335 YFDAI Farmers
22 July, 2710 YFDAI Stakers
22 July, 70 SafeTrade Stakers
22 July, 785 SSGT Stakers
22 July, 273 YFDAI Farmers
14 August, 6249 YFDAI Stakers
14 August, 68 Safetrade Stakers
14 August, 991 SSGT Stakers
14 August, 325 YFDAI Farmers
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