What is YFBitcoin (YFBTC) | What is YFBitcoin token | What is YFBTC token

What is YFBitcoin (YFBTC) | What is YFBitcoin token | What is YFBTC token

YFBitcoin is a fully DeFi yield farming project with a smart contract audited by Certik. YFBitcoin has no founder, no VC & is one of the few projects that supports both Bitcoin and Ethereum by providing a venue for both of these to do yield farming through YFBTC. YFBitcoin follows the same protocol as Bitcoin with an additional function of deflationary that will help in the on-going value of YFBitcoin with a max supply of 21,000 that is 1000x lesser than the total supply of BItcoin. YFBTC is an alternative to mining BTC through liquidity mining via stable bitcoin wBTC and renBTC. This provides users the opportunity to HOLD BTC & get YFBTC. The First DeFi Project backed by the fundamental success of Bitcoin protocol combined with the success of YFI. What is YFBitcoin (YFBTC) | What is YFBitcoin token | What is YFBTC token

What is YFBitcoin (YFBTC)?

YFBitcoin is a fully DeFi yield farming project with a smart contract audited by Certik. YFBitcoin has no founder, no VC & is one of the few projects that supports both Bitcoin and Ethereum by providing a venue for both of these to do yield farming through YFBTC.

YFBitcoin follows the same protocol as Bitcoin with an additional function of deflationary that will help in the on-going value of YFBitcoin with a max supply of 21,000 that is 1000x lesser than the total supply of BItcoin.

YFBTC is an alternative to mining BTC through liquidity mining via stable bitcoin wBTC and renBTC. This provides users the opportunity to HOLD BTC & get YFBTC. The First DeFi Project backed by the fundamental success of Bitcoin protocol combined with the success of YFI.

YFBTC tools include:

YFBTC Protocol : -Follows the same protocol as Bitcoin. -1000x lesser supply than Bitcoin -Halving rewards every 6 months -Deflationary Oracle Network -5% of every transfer of YFBTC will be burned -After the 4th year, YFBTC will continue to provide yield farming with the supply that is burned through the 4 years period.

Deflationary Mechanics YFBTC: -5% of YFBTC will be charged as transfer fee, in which 3% will go to Devs and 97% will be permanently burned. This is to maintain a higher reward ratio of 5x for YFBTC/ETH. -YFBTC will stop providing yield when price is not positive.

How Many YFBTC Coins Are There in Circulation?

YFBTC launched its mainnet on December 24, 2020 with 1171.69 YFBTC supply being airdropped. Total Circulating supply is capped at Max 21,000.

Who are the founder of YFBTC?

YFBTC is founded with the collaboration of BITTO to help with the initial marketing and development of this project. YFBTC is fully run anonymously to provide an opportunity for the project to grow without authorities intervention.

Where Can I Buy YFBitcoin (YFBTC)?

YFBTC is available for trading on a growing number of exchanges, with cryptocurrency and stablecoin pairs currently available.

Buy & Sell YFBTC using Uniswap: Guide

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What you need

  • YFBTC** , ETH, wBTC , depending on what you would like to do, **buysell or provide liquidity.
  • Metamaskor another supported Ethereum wallet application.
  • Supported Browser (Chrome, Firefox, etc.)

Buy YFBTC

Visit uniswap.org in your browser and click launch App.

Click ‘Connect to a wallet’_ in the upper right side of the window, choose your preferred wallet application (We use Metamask in this example) and confirm the operation displayed._

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After successfully connecting your wallet with Uniswap, you can choose which two ERC-20 token, or ETH you want to swap.

To buy _[**_YFBTC**](https://etherscan.io/token/0xff034d12353867fc4228f4ae3e689cd6dcaad120), you must first search for it by pasting the YFBTC token contract address in the search field:

0xff034d12353867fc4228f4ae3e689cd6dcaad120

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Search for YFBTC token using its contract address.  0xff034d12353867fc4228f4ae3e689cd6dcaad120

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When done successfully, YFBTC will show up in the ‘To’ field.

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Click swap

Choose how much _**_ETH_ you want to exchange for _YFBTC_ and _click Swap**

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Confirm**the Swap_ and a smart contract will _automatically**_ exchange your ETH for the respective amount of [YFBTC_](https://etherscan.io/token/0xff034d12353867fc4228f4ae3e689cd6dcaad120). The same can be done between any other token where Uniswap automatically routes the swap through multiple smart contracts.

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You can exchange any other ERC-20 for YFBTC, too.

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You can exchange any other ERC-20 for YFBTC, too.

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You can exchange any other ERC-20 for YFBTC, too.

Provide liquidity for YFBTC markets

Uniswap allows anyone to provide liquidity for any markets by granting token to so-called pools. Such  liquidity providers can accumulate trading fees.

The following describes how to provide liquidity to the  YFBTC/ETH market.

Start by connecting your Wallet to Uniswap as described in the previous part of this guide.

Click _**_Pool_ and _Add Liquidity**

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Click Add Liquidity

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Select market you want to provide liquidity, in our case it’s the ETH-YFBTC market.

Now choose for which market you want to provide liquidity, in our case it’s the _**_YFBTC-ETH**_ market._

To choose YFBTC, paste the token contract address in the search field:

0xff034d12353867fc4228f4ae3e689cd6dcaad120

Choose how much token you want to lock to act as liquidity, click _**_Supply_ and _confirm**.

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Note: You always need the same amount of token worth on both sides, e.g $100 in YFBTC and $100 in ETH.

YFETH UTILITY

YFswap is building a comprehensive ecosystem to create the next batch of DeFi versions of top legacy cryptocurrency such as BTC and ETH. YFSwap is also a Dex exchange on YFswap.finance which aims to be an alternative for Sushiswap. YFswap aims to link liquidity between top crypto exchanges such as Huobi, OKB, Binance, by integrating their native tokens as pairings to obtain YFswap own reward token YFETH.

YFBTC UTILITY

As EOS created DMD, and TRON created Pearl, YFswap will be creating YFBTC as its primary yield reward but with an additional utility to farm other future LP DeFi pairs such as YFTRX & YFDOT. YFBTC can primarily be farmed using wbtc, renbtc & tbtc.  YFswap.finance will be fully independent of BITTO once the community is large enough via governance & timelock protocol only to be supported through technical future development. Decisions will be made entirely by the community for example on which token to be listed and pairings to be added.

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