Overview
Last updated
Last updated
$YOLO is the token from YOLOREKT It's designed to primarily provide utility to community of YOLOREKT users. Users can also save up to 10% on profitable order fees by paying with $YOLO tokens, which provide significant rebate on fees.
Visit the $YOLO page here
YOLOREKT has a continuously growing suite of products that are becoming increasingly popular, as well as some exciting new experiences on the horizon.
Leveraged Crypto Game Exclusive to YOLOREKT, the first of the many innovations where users can leverage up to 1000x on 100+ crypto assets.
Leveraged Synthetic Stocks Game The first-ever experience where you can place you can bid with 1000x leverage on 80+ synthetic stock assets.
Leveraged Indexes Game We created 1000x leveraged bids by combining multiple asset classes belonging to specific categories into one synthetic asset. For example, let’s say you want to bid on 1000x long on ETH and BTC simultaneously, and you would bid on the iHODL synthetic asset on YOLOREKT to achieve the same effect.
Side Games
3-minute price prediction on popular assets like ETH, BTC, and Synthetic Tesla
BUSTED
Hi-Lo
More in the works…
Leveraged Options (Coming Q4 2023) YOLOREKT will introduce gamified options weekly, bi-weekly, and other time formats on several popular synthetic assets.
Our mission is to create a token that enhances and supports a product that's already thriving, boasting significant market traction. We are not here to create a token with superficial utility for a nonexistent product.
In more specific terms, $YOLO is tailored primarily to benefit the YOLOREKT user community. It facilitates fee rebates, airdrops linked to $YOLO platform utilization or achievement metrics, and incentives for user referrals and similar engagements.
Despite providing a high leverage of 1000x (a feature that inherently carries significant risk), YOLOREKT curtails this by applying fees of 15-25% exclusively on successful orders. This rate is notably lower than what is typically found in the industry for leverage orders. The integration of $YOLO brings additional savings for users, enabling them to reduce their fees on profitable orders by up to 10% (absolute percentage, not discounted fees) when they choose to pay in $YOLO tokens.
The $YOLO token is also designed to primarily provide utility to the community of day traders on YOLOREKT, having observed sufficient usage patterns of YOLOREKT traders for several months following facts and observation.
Fees Rebate As a function of leverage and total profits and total $YOLO tokens held, bidders can leverage their orders up to 1000x their initial bid. If an order results in profit, a fee of 15-25% is charged. However, bidders who hold $YOLO tokens have the option to pay a reduced fee of 10-15% using their $YOLO tokens, which are then returned to the platform. These tokens are later redistributed to users via airdrops for achievements and referrals. This mechanism encourages users to hold and use $YOLO tokens and contributes to an active and engaging platform ecosystem.
Achievements The YOLOREKT team has allocated up to 2% of $YOLO, distributed as a monthly airdrop to all the platform users that month for one year. YOLOREKT distributed 0.34% the first month, then 0.154% during the remaining 11 months.
Referrals 10% of fees paid via $YOLO will be allocated for referrals and will be distributed at the Public Issuance.
Launched in 2019 as 3-minute prediction platform on ETH, YOLOREKT has evolved into the ultimate super-degen leveraged gaming platform. YOLOREKT designs, builds, and provides advanced unique leveraged gaming experiences that offer killer 1000x leverage using crypto, synthetic stocks, ETFs, and more.
YOLOREKT has a daily average of over 10 Million in volume and more than 500 Million total volume since its launch, in a matter of months. YOLOREKT’s growth has been consistent and exponential, inching closer to a profitable platform, and month by month already being cash flow positive.
YOLOREKT boasts of gamified innovation on financial products like never before; it's been called the home for brave degens.
| Reward Type | Allocation | Distribution |
|---|---|---|
Token
$YOLO (YOLOREKT)
Total Token Supply
1,000,000,000
Team Allocation
16% (Locked for 1 year)
Seed Investors Allocation
40.96% (Locked for 6 months)
Launch Date
August 1, 2023
Smart Contract Address
TBD
Token Price
$0.04 fixed (approx 0.000021 ETH)
Mechanism
Though token price for the private sale is fixed, the public sale price will be determined by utilizing a “virtual bonding curve” approach: a linear function with a coefficient of 1E-8 applied to total number of tokens sold during the private round will determine the public sale starting price.
Minimum Buy Amount
$5,000 (valued in ETH at time of sale open)
Total Token Allocation
3% (3M)
Vesting
6-month lockup followed by linear, continuous vesting over 10 months
YOLOREKT Users
100 spots will be reserved for YOLOREKT users who are able to buy $YOLO at $1,000 minimum, instead of $5,000 minimum - first come, first served. Eligibility criteria will be available soon on this page.
Launch Date
August 2023 (TBD)
Smart Contract Address
TBD
Mechanism
One-way token bonding curve. The bonding function will be linear and its coefficient will be set at 1E-8.
Starting Token Price
TBD based on virtual bonding curve from private issuance
Total Token Allocation
10% (100M)
Achievements on YOLOREKT
2%
First month: 0.34% Remaining 11 months: 0.154%
Referrals
10% of fees paid via $YOLO will be allocated for referrals
Users opt $YOLO: 40% commission Users opt non-$YOLO: 20% commission
Early YOLOREKT Users
0.2%
To be distributed at Public Issuance
