What is the total supply of YFI tokens?
Naresh Raja M.LDec 24, 2021 · 3 years ago3 answers
Can you please provide more details about the total supply of YFI tokens? I'm interested in knowing the exact number of YFI tokens in circulation and how they are distributed.
3 answers
- Dec 24, 2021 · 3 years agoThe total supply of YFI tokens is 30,000. These tokens were distributed through a fair launch and there is no pre-mine or ICO. The distribution was designed to be as decentralized as possible, with the majority of tokens going to liquidity providers and the community. This ensures a fair and balanced distribution of YFI tokens.
- Dec 24, 2021 · 3 years agoYFI tokens have a total supply of 30,000. This limited supply adds to the scarcity and value of the token. The distribution of YFI tokens was done through yield farming, where users could earn YFI by providing liquidity to the platform. This innovative distribution method helped to create a strong and engaged community around YFI.
- Dec 24, 2021 · 3 years agoThe total supply of YFI tokens is 30,000. This was determined during the launch of the token and has remained fixed since then. The distribution of YFI tokens was done through a yield farming mechanism, where users could earn YFI by staking their assets. This helped to bootstrap liquidity and incentivize participation in the platform. The fixed supply and unique distribution method have contributed to the success and value of YFI.
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