YokaiSwapPrice

(YOK)

YokaiSwap is a next-generation, interoperable decentralized trading platform and the first DEX to emerge from the Nervos network. It integrates an Automated Market Maker (AMM) protocol for efficient and algorithmic asset swapping. Beyond trading, YokaiSwap empowers users to earn passive income through its Yield Farming and Staking functionalities, making it a comprehensive decentralized finance hub within the Nervos ecosystem. It was also an early project supported by inNervation, a fund from CMB International and Nervos.

YOK is the native platform token of the YokaiSwap ecosystem, serving multiple essential utilities. Holders can use YOK to acquire exclusive NFTs within the platform. It also grants access to participate in launchpad projects by staking YOK, offering early investment opportunities. Furthermore, YOK can be used to engage in the platform's lottery system, providing both entertainment and potential rewards. This multi-faceted utility makes YOK integral to the YokaiSwap experience.

YOK tokens can be acquired through various convenient methods. Users typically purchase YOK on reputable cryptocurrency exchanges using a range of payment options, including credit cards, debit cards, or bank transfers. Some platforms also support third-party providers for easier acquisition. Historically, YOK was also made available to early investors and community members through an Initial Dex Offering (IDO), providing an initial opportunity to obtain the token.

YokaiSwap offers robust staking and yield farming opportunities primarily through its "Monster Pools." Users can stake their YOK tokens in these pools to earn rewards. For staking, there are two main options: "Auto YOK," where staked funds are automatically compounded (harvested and re-staked), and "Manual YOK," which requires users to manually collect and re-invest their earnings. Yield farming involves providing liquidity to the platform with cryptocurrency assets, allowing users to earn interest and other rewards, typically expressed as an Annual Percentage Yield (APY) for their contributions.

The distribution of YOK tokens is strategically allocated to support the ecosystem's growth and stability. A significant portion, 35%, is dedicated to Community Incentives, fostering active participation. The Foundation holds 20%, ensuring long-term development. Investors are allocated 15%, with a structured release schedule including a 6-month lock-up followed by releases every two months over two years. The Team also receives 15%, under the same vesting schedule. Marketing, Partnership, and Ecosystem development account for 14%, while a Public Sale (Initial Dex Offering) distributed 1% (10 million YOK).

YokaiSwap's roadmap outlined several key developments to expand its features and ecosystem. These included the launch of a Launchpad in Q1 2022 to facilitate early-stage crypto project investments. Security and user convenience were enhanced with a Web3 email signup system via Unipass, also in Q1 2022. Interoperability was a major focus, with Cardano bridging planned for Q2 2022 using Force Bridge technology. Q3 2022 saw the introduction of NFT Collectibles, purchasable with YOK. Finally, a Lottery system was scheduled for Q4 2022, serving as a token burning mechanism and rewarding participants.