image created with Night Cafe Studio
The YOLO token, brings to mind high-risk, adrenaline-fueled decisions, but it’s anything but reckless. It's a project that invests top cryptocurrencies and in various MEME coins to diversify risk and provide returns equal to the meme coin market. It's also designed as a dividend-earning cryptocurrency, YOLO Token offers investors with steady daily dividends via staking.
Founded by the same devs as the DRIP token, it currently has around $40k in assets. According to the dev I asked in discord, 75% of funds are invested in stable coins, BTC, ETH, SOL and HIVE while the rest are invested in over 20 meme coins below.
image from HiveDrip discord
Tokenomics
There will be a total of 100m tokens with 50m to be sold on hive-engine or Tribaldex in several tranches, 9m will be allocated to the team, 1m tokens will be reserved for partnerships while the rest are reserved for staking and LP rewards.
image from hivedrip.com
Tranches
Fifty million tokens will be sold in several tranches and prices will increase by 0.0025 Hive in each tranche. Currently, tranche 3 have been sold out. Proceeds from the sale will be invested in meme coins.
image from hivedrip.com
Staking
Staked YOLO tokens will receive 0.03% daily rewards in liquid YOLO. If you want to compound your rewards then you need to restake the daily rewards received. You may also do this automatically in hive-keychain as discussed in this tutorial.
My Thoughts on YOLO
Having missed DRIP which gives excellent rewards imo, I'm happy to get in early on YOLO and I expect that this token will give the same performance as DRIP. If you are interested in this token, please DYOR.
This looks good. I will need to create a blog on Hive.
Thanks, I made a bit of mistake. It's not a dividend paying token but you get rewards from staking. First year rewards is around 200% APR if you restake your daily rewards throughout the year.
That is excellent . 200 % APR ???? I’m lucky if I can get 3% at the bank