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How to Buy YLD Tokens on TrustSwap
The last phase of our presale will take place on December 7 in partnership with TrustSwap, a week before our Token Generation Event.
We’ve received many questions about YLD and how to participate in our token offering, so we’ll try to answer all of them in this article.
What is YLD?
YLD is our utility token, which is set to launch on December 14, 2020.
By holding a certain amount of YLD in your YIELD.app wallet, you will be able to unlock daily rewards:
Reward tiers are not cumulative.
45,000,000 YLD will be distributed as holding rewards, and an additional 5,000,000 YLD will be dedicated to referral rewards.
For more information, make sure to read our Medium article.
What are the details of the token offering?
Two options will be available for participation:
- $0.07/YLD, with tokens released at a rate of 1/3 every month on Dec 14, Jan 14, and Feb 14.
- $0.11/YLD, with no lockup period.
Both options will have a max-cap of $600,000, for a total of $1.2M.
When registering for the token offering, applicants will be able to pledge as much as they want for either option (A or B), or a combination of both.
How do I participate?
The TrustSwap Launchpad will open on December 7, 2020, at 9:00 AM PST (5:00 PM GMT).
During this time, the portal will redirect you to a form where you will be able to submit your pledged amount, documents for KYC verification, and the ETH address that you want to use to send the funds (in USDT) and receive the YLD tokens.
If you are a SWAP holder, this should be the address that holds your SWAP and/or has the highest SwapScore.
After 12 hours, the Launchpad portal will close.
If you are selected, you will receive an email with additional instructions, and you will have 24 hours to finalize your participation.
Only one application per registered ETH address will be allowed.
Are there any restrictions?
Anyone who meets jurisdictional and KYC/AML requirements is eligible to participate in the YLD token offering, but this does not guarantee an allocation.
Eligible participants staking 2,000+ SWAP in their registered wallet on December 7 will be given priority, and participants with a SwapScore of 5,000 or more will receive double the maximum allocation in comparison to other participants.
SwapScore is calculated based on the average amount of SWAP coins staked over a sixty-day period.
Residents of the following countries are not eligible to participate:
United States of America, Botswana, Cambodia, Democratic People’s Republic of Korea, Ethiopia, Ghana, Iran, Pakistan, Panama, Seychelles, Sri Lanka, Syria, Thailand, Trinidad and Tobago, Tunisia, and Yemen.
Which documents are required?
You will need one of the following:
- National ID card
- Driver’s license
Please make sure that your document is valid and clearly visible in its entirety.
You will also be asked to upload a selfie of yourself with your ID and a note with the current date and the word YIELD.
Will my unvested YLD return staking rewards?
You will earn a 12% APY on your unvested tokens, equivalent to a monthly interest rate of 1% after the TGE until YLD is fully unlocked.
Will there be a SwapDrop?
Yes, we will also airdrop 1.5% of the total YLD supply to the wallets with the top 5000 SwapScores at the time of the token offering. Distribution will occur 3 months after the TGE, on March 14, 2021.