What is YES Token
What is YES Token?
YES Token is a KAP-20 token which runs on Bitkub Chain. There are currently more than 5 million YES tokens in circulation out of a maximum supply of 10 million. YES Token is at the heart of the lending platform called "yestoken.digital" which is verified by Bitkub Chain used as a collateral assets that enable users to borrow or deposit tokens at variable interest rates with MetaMask and Bitkub NEXT Wallet.
What Makes YES Token Unique?
YES Token is a utility token that gives users the ability to do a yield farming on yestoken.digital platform. Moreover, it can be used as a collateral assets allowing users to borrow and deposit cryptocurrency and tokens with the fixed 18%-30% interest rates.
History of YES Token
YES Token published the whitepaper in February 2022 and launched both YES Token and yestoken.digital platform after realizing the pain point in various lending platform that have high fees trading and high interest rates.
What’s Next for YES Token
YES Token and the platform will be added many functions such as yield farming which users can have their own passive in come and also leverage trading, an experiences to short and long or any leverage on defi platform with lower fees
What can YES Token used for?
YES Token (YES) can used for a collateral assets on yestoken.digital platform to borrow and to gain passive income and also used in the ecosystem that gathering traditional business to be involve in decentralized financial.
YES Token vs Stoic
It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.
There is no guarantee that In 5 years, YES would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of YES might derail its progress.
Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including YES.
Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.
The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.
Over 12,000 people already use Stoic to automate their crypto investing.