YES MoneyPrice

(YES)

YES Money (YES) is introduced as the first 'ERC420' token, incorporating Baseline's automated tokenomics. It features a dynamic supply model and a fundamental market-making strategy designed to ensure consistent on-chain liquidity. Furthermore, YES tokens are central to the 'Yescoin' project, where users can earn them through a 'swipe-to-earn' gameplay mechanism integrated within the Telegram platform. This dual nature positions YES as both a utility token with innovative economic models and an accessible reward for community engagement.

YES Money (YES) tokens can be acquired through decentralized exchanges (DEXs). Users may also find it accessible via compatible Web3 wallets that support direct token swaps or purchases. It's important to note that YES may not be available on all mainstream centralized exchanges, so exploring decentralized options or Web3 wallet functionalities connected to liquidity pools is generally recommended for acquisition.

While the YES protocol has undergone audits by security firms, staking YES tokens, like all decentralized finance (DeFi) activities, involves inherent risks. These include potential smart contract bugs, which could lead to unexpected behavior or loss of funds, and economic exploits targeting vulnerabilities in the protocol's design. A significant risk specifically highlighted for YES tokens involves liquidations, where staked YES tokens might be converted into collateral, impacting the staker's position. Users should be aware of these technical and economic risks.

The core difference lies in their utility and transferability. YES is the standard, liquid governance token, meaning it can be freely traded and used within the ecosystem. In contrast, veYES stands for vote-escrowed YES. It is obtained by locking YES tokens for a specified period, making it non-transferable. The primary purpose of veYES is to represent voting power within the protocol, allowing holders to participate in governance decisions and vote on various protocol parameters. Essentially, veYES grants influence over the project's future development and operations.

The YES token serves multiple key use cases within its ecosystem. Firstly, it can be staked within the protocol, offering users a mechanism to potentially earn rewards by contributing to the protocol's stability or operations. Secondly, YES functions as a governance token, granting holders the ability to participate in decision-making processes. By holding YES, users can contribute to shaping the future development and parameters of the YES protocol. These primary functions underscore the token's utility in both participation and protocol oversight.

To actively engage with the Yescoin community and stay informed about its latest developments, users are encouraged to join their official Telegram group. This platform typically serves as a hub for discussions, community support, and real-time updates. Additionally, following Yescoin on social media platforms like X (formerly Twitter) is recommended to receive announcements, news, and interact with the project team and other community members. These channels provide direct access to the project's pulse and allow for active participation.