What is Ethereum Yield (ETHY) | What is ETHY token

ETHY describes itself as Ethereum’s powerful yield farming coin. ETHY’s vault smart-contract executes strategies to maximize APY, reward holders, and punish weak-hands.

Ethereum Yield audited by Certik: https://shield.certik.foundation/projects/ethereum yield

Super Liquid Users are incentivised to stake Uniswap liquidity provider tokens. Fees from these tokens are farmed. A percentage of these fees goes toward the autonomous strategies like liquidating LP tokens, and performing an (ETH-ETHY) buy back (increasing the price). Any purchased ETHY tokens will be distributed to stakers/farmers.

Non-Inflationary ETHY implements a strong force on each token. Every time an ETHY token is transferred, a small fee is taken, which is returned to the farmers. This mechanism incentivises holding and farming. There will never be more than 500k ETHY.

Community controlled ETHY holders will be able to vote on proposals– so long as they have staked liquidity in the pools. The community will decide everything from developer fees and site design to the exact farming options available.

Yield Farming & Price Pumping Fees generated by the deposited LP tokens on uniswap will periodically be withdrawn by the contract; ETH and ETHY will be returned; The ETH will be used to buy ETHY from uniswap, increasing the price, which is great for all holders. All surplus ETHY will be redistributed to the farmers and small admin fee will be taken. This pumping strategy may be updated over time to an even more aggressive protocol.

How and Where to Buy ETHY ?

ETHY token is now live on the Ethereum mainnet. The token address for ETHY is 0xd1AFBCCC9A2c2187ea544363B986EA0AB6EF08B5. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough ETH in your wallet to cover the transaction fees.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

You need a wallet address to Connect to Uniswap Decentralized Exchange, we use Metamask wallet

If you don’t have a Metamask wallet, read this article and follow the steps

☞What is Metamask wallet | How to Create a wallet and Use

Transfer $ETH to your new Metamask wallet from your existing wallet

Next step

Connect Metamask wallet to Uniswap Decentralized Exchange and Buy, Swap ETHY token

Contract: 0xd1AFBCCC9A2c2187ea544363B986EA0AB6EF08B5

There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once ETHY gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com

Find more information ETHY

☞ Website ☞ Announcement ☞ Explorer ☞ Source Code ☞ Social Channel ☞ Documentation ☞ Coinmarketcap

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you

⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐

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