Cryptocurrencies

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Introduction to the total issuance of YFI coin and the online exchange

YFI, capped at 30,000, is traded on major exchanges (e.g., Binance, Uniswap) and its price is influenced by supply-demand, yield farming rewards, market sentiment, and overall crypto market conditions.

Oct 02, 2024 at 12:35 am

Total Issuance and Online Exchange of YFI Coin

1. Total Issuance of YFI Coin

The total issuance of YFI is capped at 30,000 coins. All coins were distributed in 2020 through yield farming, without any pre-mine or pre-sale.

2. Online Exchanges for YFI Coin

YFI is traded on several reputable online cryptocurrency exchanges, including:

Uniswap (V2 and V3)
Binance
Huobi
FTX
OKEx
Kraken
Crypto.com

3. Factors Influencing YFI Coin Price

Several factors can influence the price of YFI coin, including:

Demand and supply: Scarcity and high demand can drive prices up.
Yield farming rewards: Participants in YFI's yield farming program receive rewards in YFI, which can impact the price.
Market sentiment: Positive or negative sentiment towards DeFi projects can influence the price.
Overall cryptocurrency market conditions: Bitcoin and Ethereum price fluctuations can also affect YFI's value.

4. Storing YFI Coin

YFI can be stored in any cryptocurrency wallet that supports ERC-20 tokens, such as:

MetaMask
Trust Wallet
Ledger Nano X
Trezor Model T

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