Yours (ENG)
  • What is Yours?
  • How can I use Yours?​
  • How Yours Works?
  • Yours Technical Logic
  • Yours WEB
    • Getting Started
      • Social Login
      • Onboard
    • Yours NFT Tooling
      • Lazy Mint NFT
      • Token Gating
      • Multi-chain NFT Collect Page
      • Push Notification
      • Integrated NFT
      • NFT Management
    • Yours Marketplace
      • Connect Wallet
      • Sell NFT
      • Buy NFT
    • Yours Credit
      • YRP
      • $YRS
      • Q&A
    • Yours Wallet
      • Non-custodial Wallet
      • External Wallet Connect
    • YoursFi on Aptos
  • Technical Documents
    • Contract Architecture (EVM)
    • The method of utilizing Aptos SDK
    • Key Management
  • Yours Use Cases
    • Application Case
      • Membership NFT
      • Embeddable NFT Infrastructure (API)
    • Expandable Case
  • Contact Us
    • Official Links
Powered by GitBook
On this page
  • Overview
  • $YRS (Yours Token)
  • Use cases
  • $YRS Distribution
  1. Yours WEB
  2. Yours Credit

$YRS

PreviousYRPNextQ&A

Last updated 1 year ago

Overview

$YRS (Yours Token)

  • $YRS is a token designed to increase the utilization of Yours Points and other aspects of the Yours protocol.

  • Individuals or businesses can burn their Yours Points and receive $YRS tokens in return.

  • The amount of $YRS given when Yours Points are burnt may be adjusted to reflect the market price of $YRS and the expected return of $YRS holders/stakers.

  • Proportional to the amount of points burned, the assets in the Point Base Pool will be transferred to the Token Base Pool to backup the value of $YRS.

  • Burning and checking the exchange rate of Yours Points is basically done through the Yours platform.

  • Stakers of $YRS can share a portion of the revenue generated by the Yours Protocol and participate in the governance of the Yours Protocol.

  • $YRS can be burned and redeemed for Yours points as well.

  • $YRS can serve as an intermediary to help facilitate the exchange of multiple points, tokens, and fiat assets on a dex-type defi in the future.

Use cases

  1. Staking - $YRS stakers can get the share of fees and revenue generated by the Yours Protocol. This allows them to maximize the long-term rewards of participating in the protocol.

  2. Staking - $YRS stakers can participate in various governance processes for Yours Protocol.

  3. Burn $YRS and receive Yours Points.-> Reflects the exchange rate at the time of burn. Some of the $YRS will be returned to the protocol as a fee.

  4. Rewards for long-term staking (lockup)-> Additional $YRS can be provided for long-term staking and lockup. On the other hand, to unlock already locked $YRS, you need to burn $YRS.

  5. Rewards for providing liquidity-> You can provide additional $YRS for providing long-term liquidity. On the other hand, you will need to burn $YRS to unlock $YRS that has been locked up for a long period of time.

  6. Gas fees and protocol fees-> You can use a form of paymaster contract to pay for various gas fees (such as NFT minting and transaction) with $YRS.

  7. Participation in the Yours Protocol ecosystem-> If Yours Protocol provides more featurs like marketing (advertising), customer information provision, and financial services like mortgage lending in the future,certain amount of $YRS staking could be required as participation collateral.

$YRS Distribution

  • YRS currently has the following distribution plan.

  • Assuming a total supply of 120 million tokens, 2.5 million tokens per month will be unlocked over 48 months (4 years total).

  • However, not all unlocked tokens will be released to the market immediately, and some may be held in reserve and burned under certain conditions.

50% - Issuance based on assets coming into the Token Base Pool. Initial sales may be issued in a similar form.

15% - (Long-term) Staking Bonus

15% - (Long term) LP Bonus

10% - YRS DAO Reserve, set aside as a reserve for DAOs to participate in the governance of Yours Protocol and utilize for various purposes, including marketing / grants / changes in backup asset / additional partnerships.

10% - Core Contributors & Partnerships. To be given to team members who have made key contributions to the development of the protocol in the early days and to key partnership companies.