What Is Yfbtc.net
Yfbtc.net Coin 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.net Coin 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.
Important Points Table Of Yfbtc.net
| Basic | Points |
|---|---|
| Coin Name | Yfbtc.net Coin |
| Short Name | YFBTC |
| Max Supply | 21,000 |
| Explorer | Click Here To View |
| Source | Click Here To View |
| Website | Click Here To Visit |
How to Buy the Yfbtc.net Coin (YFBTC) Coin & Trade On Exchange?
YFBTC tools Include:
Yfbtc.net 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.
Additional Benefits
Yfbtc.net is an alternative DeFi token to BTC, which is designed to closely emulate the market dynamics of the flagship cryptocurrency but with additional benefits. The DeFi token adopts the same halving protocol as Bitcoin and has a limited supply. However, unlike BTC, the alternate DeFi token has 1000x less supply and robust deflationary mechanics to ensure growth in value through scarcity.
Maximize Returns
YFBTC is the creation of YFSwap, a project working in association with BITTO – a leading blockchain solutions platform. With the value of bitcoin hitting an all-time high, YFBTC offers an ideal option for hodlers to maximize returns on their holdings.
Who are the founder of YFBTC?
Yfbtc.net 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.
Dynamics
YFBTC is an alternative DeFi token to BTC, which is designed to closely emulate the market dynamics of the flagship cryptocurrency but with additional benefits. The DeFi token adopts the same halving protocol as Bitcoin and has a limited supply. However, unlike BTC, the alternate DeFi token has 1000x less supply and robust deflationary mechanics to ensure growth in value through scarcity.
Where Can I Buy YFBitcoin (YFBTC)?
Yfbtc.net is available for trading on a growing number of exchanges, with cryptocurrency and stablecoin pairs currently available. The popular emerging DeFi token, YFBTC has recently announced the launch of its yield farming program enabling Bitcoin holders to farm additional returns. The program also allows users holding wBTC & renBTC providing LP on UniSwap to gain additional farming yields through YFBTC.net.
Earn YFBTC Rewards
By yield farming on YFBTC.net users will be able to earn Yfbtc.net rewards for each new block. The creation is pegged at 21,000 total supply, with halving every 6 months for the next 4 years. This is to be distributed proportionally among all the participants in the pool. Rewards to users are further enhanced by dynamic multipliers that reduce with increased participation. Currently, YFBTC/ETH pair has the highest reward multiplier of 5.0x as compared to BITTO/ETH, RenBTC/ETH, wBTC/ETH pairs, and other stakings.