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The Introduction
Virtual currency payment mechanism that does not rely on banks for transaction verification. It is a peer-to-peer payment system that lets anybody, anywhere to send and receive money. Rather than tangible money that can be carried about and exchanged in the real world, cryptocurrency payments exist solely as digital records in online databases that describe specific transactions. The transaction of transferring bitcoin funds is recorded in a public ledger. Digital wallets are where cryptocurrency is kept. The cryptocurrency got its name from the fact that it uses encryption to verify transactions. This means that advanced coding is used to store and transmit cryptocurrency data between wallets and to the public ledger. Bitcoin was the first cryptocurrency, founded in 2009, and it is still the most well-known today. Much of the interest in cryptocurrencies is speculative, with speculators sometimes driving prices through the roof.
The Overview of Yield360.io
Yield360.io is a DeFi development strategy that utilizes its Yield 360 auto-staking protocol to improve the staking module in the next generation of DeFi 2.0 solutions. The core product of the firm is the $Y360 token, which has a great value proposition for token holders. The core product of the firm is the $Y360 token, which has a great value proposition for token holders. The introduction of DeFi 2.0 has completely transformed investment procedures, taking blockchain solutions by storm. The main difference between DeFi 1.0 and DeFi 2.0 is a shift in emphasis toward lower risk, higher yield solutions. Yield360 has also contributed by launching a product that can provide a steady stream of returns throughout the day. The Y360 protocol provides a return on investment every 13 minutes, or 110.76 times per day and 39.433 times per year, for a total APY of 360,000 percent.
Yield360.io allows its users to earn larger returns by just holding $Y360 in their wallet by utilizing YIF's Y360 insurance fund. The following characteristics are included in the entire protocol: The protocol's native token, $Y360, also acts as the network's native currency. All rebase interest is paid in $Y360 tokens, as are many other token utility. Yield360.io is the Binance Chain's first 2.0 asset multiplication protocol. It is a 13-minute automated gift production and delivery system with an estimated interest rate of 0.0205 percent.
The Mission
Yield360.io guarantees that we have a staff that shares our values in order to provide the greatest output for our user base. The firm strives to give the greatest possible user experience. A quick, dependable, and simple-to-use platform that offers the finest financial chances for intelligently managing cash while being user-friendly. The goal of $Y360 is to create a decentralized auto-staking mechanism. For inexperienced users, it gives a smooth experience. Our team members have poured their blood and sweat into this project in order for it to exist in its current form for our convenience exclusively. The team will continue to improve our platform in response to your feedback, demands, and requirements. The Yield360 platform began with only BNB, but as time goes on, $Y360 hopes to add other blockchain options to provide versatility within the platform. Furthermore, the team is conducting extensive experimentation on our platform in order to bring out the best in our Y360.
Features of Yield360.io
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Simple and safe bet : Y360 tokens are always kept in your wallet, so there is no need to participate in high-risk betting contracts. All you have to do is buy it and hold it, and it will automatically multiply your rewards, eliminating the need to learn stake/unstake mechanisms and avoiding additional tax fees for staking operations.
Insurance fund : The $Y360 Insurance Fund, abbreviated YIF, is a separate wallet within the YAP Y360 system. YIF is supported by a portion of the purchasing and selling fees received in the YIF wallet, as well as the algorithms that power Rebase Rewards. Simply put, YIF specifications allow for staking rewards (rebase rewards) to be delivered every 13 minutes at a rate of 0.0206 percent, ensuring that $Y360 token holders get high and predictable interest rates.
Risk reduction on the downside : Maintaining a consistent growth rate will ensure long-term sustainable growth. Using a rebase method, you can ensure pricing stability.
The fire pit : Fire pits account for around 1.5 percent of all $Y360 transactions. The quantity of tokens burnt is precisely proportionate to the circulating supply; the more that is exchanged, the more that is put to the fire, allowing the fire pit to increase in size through self-fulfilling Auto-Compounding, diminishing the circulating supply and maintaining the Y360 protocol stable.
Protocol for automated liquidity management : Liquidity can be thought of as a large pool of money split in half between $Y360 and $BNB tokens. For example, there is a conversion rate set to the amount of $Y360 available through BNB: 1 BNB is equivalent to 36.44 Y360.
Earn 360 Treasury : The Y360 protocol relies heavily on Treasury. It serves three critical functions for the growth and long-term survival of Y360.io. Another source of funding for YIF is the Treasury. This additional assistance may be useful if the price of the $Y360 token falls dramatically. This contributed to the formation of the $Y360 token's base price.
Annual Percentage Yield - The Y360.io technique is built on a straightforward daily interest compounding algorithm. Where A denotes the future worth of your investment and P denotes the initial investment. The decimal interest rate is r, and the number of times interest is compounded in a particular time period is n. t denotes the entire amount of time necessary for the investment to mature. It is critical to remember that the rate r and time t must both be stated in the same unit of time, such as months or years. The time conversion for a 365-day year is 30.4167 days each month and 91.2501 days every quarter. There are 360 days in a year, with 30 days each month and 90 days every quarter.In this case, if a user invests $1000 in $Y360 for a year at 0.0206 percent compounding every 13 minutes, he will end up with $360 million when his investment matures.
The Tokenomics
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The Summary
Yield360 is a DeFi software development company that creates DeFi 2.0 solutions, and its Yield 360 auto-staking protocol is an attempt to improve the staking module. The Y360 token, which provides exceptional value propositions to token holders, is the company's core product.
For more info :
Website _ https://yield360.io/
Medium _ https://yield360.medium.com/
Telegram _ https://t.me/yield360
Twitter _ https://twitter.com/yield360
Reddit _ https://www.reddit.com/r/Yield_360/
Discord _ https://discord.gg/w6utZfyUXr
Author Details:
Forum Username: Kavindu123
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3374029;sa=summary
Proof of Authentication: https://bitcointalk.org/index.php?topic=5392941.msg59764824#msg59764824
Wallet Address: 0xe2ca4C76352EB9719BDEC08b12B0f194ab9f0632