The Yellow Network’s native token $YELLOW is getting ready to launch public sales on Launchblock.
Yellow, a blockchain product and infrastructure company, and Launchblock.com, a borderless incubator for raising funds & scaling projects across the GameFi, NFT financing, Defi, and the entire Cryptocurrency Space, are delighted to announce that Yellow Network Native Token $YELLOW has become publicly available on Launchblock.com.
Yellow Network is a decentralized Layer-3 peer-to-peer broker clearing house powered by state channel technology that is used for communicating and trading between brokers and aggregating liquidity of connected nodes.
Built around a robust exchange Yellow.com, the platform allows users to gain access to powerful tools to create and manage assets in a compliant way, leveraging state-of-the-art infrastructure and integrating all the key building blocks of the blockchain ecosystem. The professional team of Yellow experts will support you through the process of tokenizing and promoting your assets.
If, for instance, Robinhood, to serve their retail customers, had to negotiate with stock issuers such as Google and Apple to buy their stock and settle daily. It would be totally aberrant. They adhere to their retail broker business, manage it well, and have partners that route their client order deal flow to appropriate exchanges like NASDAQ or sometimes match it themselves.
One of the biggest challenges cryptocurrency exchanges face today is the inability to become what is effectively a retail broker due to the lack of infrastructure.
Yellow Network solves this problem. It provides the tools to build an efficient broker exchange and the said infrastructure using a unified communication protocol to connect it to a decentralized network of brokers, unlocking liquidity and offering maximum security, delivering an ultra-fast trading solution with very low fees.
Yellow Network promises that what Bitcoin brought to the Payments ecosystem, $YELLOW will bring to the trading ecosystem, - comments Alexis Yellow, Executive Chairman of Yellow Inc.
The Public Sale begins on June 6th with 1,000,000 $YELLOW tokens available in this round to all tiers on Launchblock.com. Stake LBP at Launchblock.com so you can participate in $YELLOW token sales.
Users who have staked their LBP tokens are eligible for entry into the Public Sale at Launchblock.com. Before participating, users are required to create a MetaMask wallet. The wallet will be used to connect to Launchblock.com and stake LBP tokens to successfully take part in the Public Sale round.
Having worked alongside Alexis and the Yellow team for several years since the early days at Travala.com, it only made sense to support the AAA* Yellow.com launch and bring it to the Launchblock.com users, this is an extremely well-experienced team within the space and a great opportunity for the Launchblock.com user base, - says Matt Lucz from the Launchblock.com team.
Use cases of $YELLOW Token:
$YELLOW will bring various use cases to its holders, with four key use cases including:
- Staking for running broker nodes -- the requirement for brokers to run and operate on the network is set to 250,000 $YELLOW / 4 channels.
- Liquidity mining through bridging -- users can run a Yellow node on any cloud, connect it with their CEX/DEX account, and mine liquidity.
- Delegate your token to a broker -- support your favorite broker to scale and pay network fees, allowing you to share the broker’s income.
- Lower trading fees on Yellow.com -- Yellow.com is a retail broker of the network where the trading fee schedule depends on your token balance.
Yellow Token Specifications:
Token Type: ERC-20
Blockchain Network: ETH
Max Supply: 10,000,000,000
Initial Circulation Supply: 40,000,000 (0.4% of max supply)
Token Public Sale Price: 0.050$
Initial Circulation Supply Market Cap: $2,000,000 (initial unlock * public price)
Token Public Round Market Cap (Fully Diluted): $500,000,000
Yellow has also established a variety of partnerships with well-known projects within the cryptocurrency space. Current partners include:
- Consensys; the leading Ethereum software company, enabling developers, enterprises, and people worldwide to build next-generation applications.
- Polygon; a well-known blockchain within the space, drives your dApps to the finishing line faster, safer, and without worrying about the gas.
- Qredo; a radical new blockchain infrastructure that delivers interoperability, lightning-fast settlement, and decentralized custody.
- Fireblocks; enabling businesses to easily and securely support digital assets and cryptocurrencies.
- Hacken; the leading Security Consulting Company with an essential focus on blockchain security.
- Zokyo; a venture studio that builds, secures, and funds crypto, DeFi, and NFT companies.
- GSR; a global leader in crypto trading and market-making.
- Assetum; the deployment of professional market-making solutions for digital assets and crypto tokens.
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Yellow is a global ecosystem of blockchain products & services for Web3 Internet of Finance, providing startup seed funding, mentorship, advisory, data analytics, market making, and fintech software solutions. Yellow also includes developer tools, services, and education programs worldwide for blockchain infrastructure developers and crypto brokerage businesses.
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The digital asset fundraising platform. Breaking the boundaries for accessible project participation as an all-in-one solution for projects launching on Ethereum, with support for additional chains such as Binance Smart Chain (BSC), Polygon, Cronos, and more.
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