YMPL Announcement


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YMPL Announcement channel
YMPL Twitter :
https://twitter.com/ymplofficial
For more information, please visit https://ymplprotocol.com

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Репост из: 🇺🇦 CryptoDiffer - StandWithUkraine 🇺🇦
​​YMPL Project Overview

YMPL is a probabilistic DeFi protocol that rebases the token supply in a set of intervals based on YMPL probabilistic model; inspired by Ampleforth protocol it takes its rebasing model further to create a new digital commodity with dynamic price discovery based on custom random algorithm based on Commitment scheme of future blockhash. The YMPL protocol can be rebased every 4 hours by anyone, each rebase has a 25% chance to be rebased successfully. The first rebase after listing is guarantee 100% to be rebased.

YMPL is not a stablecoin, no price target of $1. Its price discovery is purely based on the demands and supply of the market. Simply put, the total supply of YMPL will be dynamically increased and decreased based on its ETH price ratio, rebasing chances, multiplier chances and market demand. YMPL is a truly unique commodity, an alternative store of value backed by probability where its price is discovered by the free and decentralized market.

TG: @YMPLofficial
Website: ympl.finance
Twitter: twitter.com/ymplofficial


Репост из: Generation Crypto #StandWithUkraine🇺🇦
YMPL Overview

YMPL (@YMPLofficial) is a probabilistic DeFi protocol that rebases the token supply in a set of intervals based on our probabilistic model. Inspired by Ampleforth protocol it takes its rebasing model further to create a new digital commodity with dynamic price discovery based on custom random algorithm based on Commitment scheme of future blockhash.

👉 https://ympl.finance


Репост из: Generation Crypto #StandWithUkraine🇺🇦
❗️ Dear community, Generation Crypto will host an AMA with YMPL team on Tuesday, 18th of August, at 14:00 UTC ❗️

There will be a 100 USD reward pool in $YMPL tokens shared between 10 best questions in chat!

Questions from previous AMAs are strictly forbidden and people will be disqualified from rewards distribution.

Join YMPL Community (t.me/YMPLofficial) and Twitter (twitter.com/ymplofficial) to prepare 👆

Join our chat and prepare your questions!
Generation Crypto CHAT
🗣 @GCryptochat


There would be no Gas war. All of us have been paying too much gas in the past few weeks and we dont intend to cause anymore hussle.

There would be a cap of 1-3 ETH / person to spread out to as many people as possible.

The details will be announced soon.

PS. No Auction as well, we DO NOT intend to raise more than we need.

PS2. There is NO TOKEN SALES / LISTING going on right now, please beware of scammers!!!!




YMPL - A new synthetic commodity backed by chances, a native store of value of choice for Ethereum DeFi Ecosystem.

YMPL
initial price will be 0.0025 ETH per 1 YMPL and it will increase or decrease the supply based on its price movement correlating to ETH, no dollar nonsense. The price discovery mechanism and the free market will determine the fair value of the token.

YMPL is a probabilistic DeFi protocol that rebases the token supply in a set of intervals based on our special probabilistic model; inspired by ampleforth protocol, we take its rebasing model further to create a new digital commodity with dynamic price discovery based on custom random algorithm rebase, which used the Commitment scheme of future blockhash.

YMPL is not a stablecoin, no price target of $1. Its price discovery is purely based on the demands and supply of the market and chances. Simply put, the total supply of YMPL will be dynamically increased and decreased based on its ETH price ratio, rebasing chances, multiplier chances and market demand. YMPL is a truly unique commodity, an alternative store of value backed by probability where its price is discovered by the free and decentralized market.

Sample Scenario
Assuming the YMPL/ETH locked rate is pegged to 0.0025.
YMPL supply will increase or decrease depending on this rate, the YMPL/ETH ratio, not the dollar.

Scenario 1 : YMPL/ETH > 0.0025 → YMPL Supply Up
Scenario 2 : YMPL/ETH < 0.0025 → YMPL Supply Down
Scenario 3 : YMPL/ETH = 0.0025 → YMPL Supply No Change

FAQ
https://t.me/YMPLAnn/5

YMPL Official Channel : https://t.me/YMPLofficial
YMPL Announcement Channel : https://t.me/YMPLAnn
YMPL Twitter : https://twitter.com/ymplofficial

For more information, please visit https://ymplprotocol.com


FAQ

Q1: What is YMPL?
YMPL is a new type of synthetic commodity that is designed to be an alternative store of value. Unlike most cryptocurrencies, that derive its value from the fixed supply and scarcity, YMPL derives its value based on market demand and game of chances.

Q2: Why YMPL?
Inspired by Ampleforth Protocol, we take its rebasing model to another level. By replacing the stablecoin rebasing model with our probabilistic model, YMPL price discovery will be free of any constraint and even open up the possibility of being a solid alternative store of value backed by randomness.

Q3: Who is behind this?
We are passionate blockchain developers from across the globe who came together with a goal to bring something new and innovative to the cryptocurrency space, a unique type of digital commodity. The team’s influence will be dispersed as soon as the core is complete, then the community governance will be taken over.

Q4: How to get YMPL?
At this stage, for those who are interested in this new experiment of digital commodity, can acquire it through OTC (detail on Telegram group) or through Uniswap on the launch date approx. 16th August

Q5: What’s the fundraising hardcap?
Our hard cap is 1000 ETH - we only raise enough to jumpstart both the protocol and initial liquidity on Uniswap. This prevents bots from influencing the price at the beginning and helps us to achieve an efficient price discovery.
*In case we do not reach the hard cap of 1000 ETH, the unsold tokens will be burn, resulting in much smaller supply

Q6: What’s the circulating supply?
Circulating supply on day one will be 650,800 YMPL. The starting price on Uniswap will be 0.0025 ETH (~$1), resulting in an initial marketcap of $650,800.

Q7: When will the tokens be distributed?
YMPL token will be sent on the same day as Uniswap launch day, in order to prevent any trading prior to the launch date.

Q8: Where can I see the technical details and smart contracts?
Our whitepaper is currently under review. For developers, you can review the complete code on GitHub (https://github.com/ympl-protocol) within a week after the launch date.

Q9: Are the team’s tokens locked?
Yes, the team’s tokens will be locked for 1 month, then linearly released for 24 months.

Q10: Are the Uniswap liquidity’s tokens locked?
Yes, they will be locked for 6 months using Unicrypt.


Q11: How does supply rebasing work?
Assuming the YMPL/ETH locked rate is pegged to 0.0025.
YMPL supply will increase or decrease depending on this rate, the YMPL/ETH ratio, not the dollar.

Scenario 1 : YMPL/ETH > 0.0025 → YMPL Supply Up
Scenario 2 : YMPL/ETH < 0.0025 → YMPL Supply Down
Scenario 3 : YMPL/ETH = 0.0025 → YMPL Supply No Change


Thanks for our VCs and angel investors, our private sale of 650 ETH has been SOLD OUT!!!!

For our YMPL fans, need no worry. We will be having Public Sale soon, with CHEAPER price!!!

Private Sale price : 0.00275 ETH / $YMPL
Public Sale price : 0.00250 ETH / $YMPL


YMPL

Life is a set of probabilistic events adding up together. Why don't we apply this concept to a commodity as well?
Meet YMPL, a new kind of asset , a digital commodity that rebasing itself based on market demand and game of chances.

For the first time, cryptocurrency and smart contract enable us to bring a programmatic digital commodity, a living commodity that reflects the probability of life itself to the world.

YMPL offers an alternative store of value that is fairly based on chances.

===============
Y = M + P + L

M from Monetary, represents a new form of money, an alternative store of value in the digital space that people can truly own.

P from Probability, represents an adaptation of probabilistic model that apply to the asset yield, to reflect the randomness of the world onto an asset, creating a uniqueness of this new digital commodity.

L from Life, represents the ever-changing value and supply in the asset, based on series of random events, with no certainty, no final destination, an constantly evolving digital commodity similar to life itself.


YMPL Official Channel : https://t.me/YMPLofficial
YMPL Announcement Channel : https://t.me/YMPLAnn
YMPL Twitter : https://twitter.com/ymplofficial

For more information, please visit https://ymplprotocol.com

===============

Currently there is no token sales yet, we will announce the details soon.

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