Contents
I. Introduction | II. TL;DR | III. Presale / FTO | IV. Disclaimer | V. Conclusion
I. Introduction
Since our announcement of the upcoming Fair Token Offering (FTO) event, we have received significant interest from both our existing CBLP token holders and potential new participants in the Yamfore ecosystem. This interest underscores the importance of this event, which presents an opportunity to acquire CBLP tokens concurrent with the launch of our protocol on mainnet.
In this post, we will provide a detailed overview of our team’s strategy for the FTO and the rationale behind our approach. This event represents a significant milestone for Yamfore, as it facilitates a fair distribution of tokens while coinciding with our mainnet launch. Our goal here is to offer a comprehensive understanding of the underlying process and the incentive structure that characterizes this FTO and reveal all details for all interested individuals.
The simultaneous occurrence of the token offering and the launch of a fully functional, live protocol presents a unique proposition in the DeFi space. It provides an opportunity for participants to engage with a operational ecosystem from its inception, potentially contributing to its growth and development from day one.
II. TL;DR
Everything you need to know at a glance:
Tokens for Presale: 500 million CBLP ( 50% of total token supply )
Sale Duration: 24 hours
Sale Date & Time: October 14, 2024, 5:00 PM UTC
Circulating Supply After Sale: 74%
Price: Pro Rata
Treasury Target: 1.5 million USD
Where: https://app.yamfore.com/fto ( Will go live at October 14, 2024, 5:00 PM UTC )
III. Presale / FTO
The FTO marks a crucial milestone in launching the Yamfore protocol. As the sole lender for all loans issued on the platform, it’s essential that we secure sufficient capital to attract users, provide liquidity in the CBLP market, and generate strong growth momentum from day one.
However, we’re also mindful of our existing CBLP holders — the early supporters who’ve been with us since the beginning. Our challenge was to balance maximizing the funds raised through the FTO while protecting current CBLP holders from any adverse price impacts.
We’re proud to announce that we’ve developed a solution that benefits both sides of the equation, maximizing incentives for FTO participants while ensuring neutral to positive price action for current CBLP token holders. This innovative approach is made possible by the unique mechanisms of the Yamfore protocol itself.
There’s x2 key elements of our approach:
1. Concurrent Launch:
The FTO will run simultaneously with our protocol’s mainnet launch. This strategy offers two significant advantages. First, FTO participants are investing in a fully operational protocol from day one, presenting a compelling opportunity for potential investors. Second, all revenue generated from the FTO is immediately utilized by the protocol, driving instant growth for CBLP, our native governance and utility token.
2. Immediate Utilization:
With our lending parameters set at a 10% CBLP flat fee (as recently voted by the community) and a 50% loan-to-value ratio for the mainnet launch, we ensure a 20% return on investment (ROI) for any capital lent by the protocol. This translates to significant buying pressure in the CBLP market.
For example, 1 million ADA is raised through the FTO in the first couple of minutes, it would result in 200,000 ADA of direct buying pressure in the CBLP market. This pressure comes from individuals purchasing CBLP from the open market to initiate loan positions and borrow against the available funds in the protocol’s treasury.
Overall this approach creates a win-win scenario for both FTO participants and current CBLP token holders, striking a delicate balance between the interests of all parties involved.
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FTO Process: Step-by-Step Breakdown
Here’s a detailed breakdown of how the FTO works:
1. ADA Deposits: ADA deposits are sent to the FTO event portal, handled by dedicated sales contracts. These are kept separate from the protocol’s main contracts for enhanced security and clarity.
2. Conversion to Stablecoins: The team converts these ADA deposits to stablecoins and sends them to the protocol’s stablecoin treasury. This allows for efficient management of the funds.
3. Immediate Availability: The treasury’s capital is immediately available for borrowers. Loans can be taken out from the protocol using these funds, boosting liquidity in the ecosystem.
4. CBLP Fee: A fixed percentage (10%) of the CBLP flat fee is paid for every $1 borrowed. This creates consistent buy pressure for CBLP in the open market.
5. Market Growth: The CBLP market grows, driven by the capital raised and the set fee percentage. More borrowing leads to more demand for CBLP.
6. Mutual Benefits: Both existing CBLP holders and FTO participants benefit from this growth. CBLP holders can sell for instant gains, while FTO participants remain profitable through pro-rata allocation.
7. Positive Feedback Loop: This creates a positive cycle where increased participation in FTO events incentivizes further benefits for existing CBLP holders.
The ROI for the FTO is calculated by dividing the CBLP flat fee (10%) by the fixed Loan-to-Value Ratio (50%), resulting in a 20% ROI. This mechanism ensures a steady flow of buying pressure in the CBLP market, benefiting all participants in the Yamfore ecosystem.
IV. Disclaimer
The Yamfore Presale and FTO event offers an exciting and innovative opportunity, but interested participants should be aware of certain disclaimers.
V. Conclusion
The FTO represents our commitment to fairness and transparency in token distribution for the Yamfore community. By carefully balancing the interests of existing CBLP token holders and interested FTO participants, we’ve created an opportunity that benefits everyone involved.
Our innovative approach, combining immediate utilization of funds, consistent buy pressure for CBLP, and a positive feedback loop, sets the stage for sustainable growth and value creation within the Yamfore ecosystem. The team is finally ready to unleash the world’s first non-liquidatable lending protocol and make a mark on DeFi! 🍠
Main Links
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✉️ Email: contact@bigblymp.com
