YetuSwap is a decentralized exchange based on the Binance Smart Chain. It uses automated market-making (AMM), which allows assets to be traded in a permissionless and automated way by using liquidity pools than a traditional market of buyers and sellers. In the liquidity pools, liquidity providers add funds to the available pools. Instead of trading between buyers and sellers, users trade on a pool of tokens allowing those liquidity providers the incentive to supply those pools with assets. The more tokens in a pool and the more liquidity the pool has, the easier trading becomes on the decentralized exchange. YetuSwap has its own governance asset, the YETU token, which users can use to vote on different platform proposals and protocol changes. We plan to incentivize the liquidity providers with yield farming.
The token sales process will be divided into five phases, one for Pre-ICO and another for 4 ICOs stages. As soon as all Pre-ICO units are purchased for $ 0.04 in BNB, the value of the tokens will automatically change to $ 0.08 for the next 20,000,000 units, and so on until it reaches $ 0.8 in the last stage. If the ICO does not reach the maximum funding required, the remaining balance of the tokens will be burned. There will be no minimum investment amount.
In order to eliminate the middle man, we will use smart contracts in the Pre-ICO and ICOs, thus allowing tokens to be automatically distributed to investors right after sending Binance Coin (BNB) to the smart address contract. Yetucoin will be shipped in the same wallet as BNB was shipped.