Yam

This YAM Wallet has almost all Defi functions, through marketing creativity to satisfy all community members, to attract new users with marketing stimulation, and to maintain highly competitive strength in the long-term development with business model creativity. There are three steps to go.

1. Short-term: YAM wallet issues a new tokens named Yamily(Yamy), partly used for airdrops to YAMv2 moved to YAMv3 holders, which can increase members’ centripetal force to the community and stimulates the price raising of YAMv3; partial tokens are used for private and crowd sale, It can greatly increase the financial income of the community, also throw a high expectation of YAM Wallet and YAMv3’s launch to the public.
2. Mid-term: Once the YAM wallet is launched, partial tokens be used as lottery rewards for the mining user, which can attract new users rushing into the pool, but users need to only go through the YAM wallet to enter the mining pool. There’re three effects following–YAM wallet’s popularity, the rapid increasing users in mining pools, and the higher price expectations of YAMv3.
3. Long-term: Become decentralized banking system, compatible with cryptocurrency and fiat currency, link crypto financial services in the physical world, further to change the global fiat currency financial system. (The specific approach is still to be discussed)

The distribution of YAM wallet tokens: 10% for airdrop, 30% for sale, 20% for mining pool lotto rewards, 8% for wallet development team rewards, 2% for proposal rewards, 30% as the executive team’s salary and ecosystem maintenance. The time is on the clerk, executive details authorizes the project team to decide. I think this proposal can be a proper way to meet the interests of all community members, and will not cause the YAMv3 price to fall rapidly after the mining pool is exhausted; in the long-term development, the YAM community can also create a new Defi aspect. by Hanson