Q1 from bitcointalk user ballentines87 @PaoloMonte87 on Telegram
The initial amount of YEX tokens is only 100 and you’re stating that new YEX tokens will be minted to yield rewards and rebates to users. At the same time, you’re also stating that – as more YEXes are minted – an annual halving will take place and these rewards will reduce, but there doesn’t seem a total pre-established total supply number of YEX in circulation (or is it?). How can that sustain the token price over time?

Anderson – WILL NOT PM YOU FIRST WATCH OUT FOR SCAMMERS: The YEX token is designed to maintain stability and manage inflation, the reason why halving is integrated. There are not cap to supply because the system token rewards on itself regulate the supply and from our own projection, it might take 10 years to have 100,000 YEX tokens minted. This brings value to its price and staking also reduces the number of YEX in circulation which inturns increase its price value.

Luis Merino 🇪🇸 | Satoshi Club: Got it. Is staking already available?

Gold Rocket | Satoshi Club: Thanks!

Anderson – WILL NOT PM YOU FIRST WATCH OUT FOR SCAMMERS: Yes staking is available. To mint more YEX token, a user must stake an amount of YEX token for a period of 3, 7, or 30 days.

Luis Merino 🇪🇸 | Satoshi Club: Are staked tokens? Or can I withdraw them when I need them? locked?

Anderson – WILL NOT PM YOU FIRST WATCH OUT FOR SCAMMERS: Yes they are locked up for several days depending on the staking package.

Luis Merino 🇪🇸 | Satoshi Club: Understood! Thank you. Q2? 🙂

Anderson – WILL NOT PM YOU FIRST WATCH OUT FOR SCAMMERS: Okay😀

Gold Rocket | Satoshi Club: Do you want to add something or can we move on?

😀This is an interesting question. You should like it;)

Q2 from bitcointalk user @BinsonAbraham

What happens to most of the projects is that when people get the token instead of holding them they sell them right away.

Because they are scared that the price might go down…

How will $YEX keep the token price-stable…?

Anderson – WILL NOT PM YOU FIRST WATCH OUT FOR SCAMMERS: One of the ways we encourage people to hold is by rewarding them when they stake/hold. There are two main ways to earn rewards on Yolex, which are: daily rebase and trade rewards. With these rewards provisions, a user is likely to hold and gain more tokens over time and then to sell. And we are also integrating other incentives to encourage holding.

Gold Rocket | Satoshi Club: Not a bad strategy.

Anderson – WILL NOT PM YOU FIRST WATCH OUT FOR SCAMMERS: Thank you. YEX token has a good supply system. The number of tokens in circulation will remain the same unless a user stakes and unstakes after a given period. So this controls the number of tokens in circulation.

Luis Merino 🇪🇸 | Satoshi Club: Great idea!!

Gold Rocket | Satoshi Club: What advice can you give your holders?

Anderson – WILL NOT PM YOU FIRST WATCH OUT FOR SCAMMERS: There are 3 different staking package and I will advise a user that owns YEX tokens, to stake on a 30-day package because this package plan gives the best return on investment.

Luis Merino 🇪🇸 | Satoshi Club: The more days you stake, the more returns you get 👍🏻

Gold Rocket | Satoshi Club: By the way, Rebase happens every 24 hours, right?  Which formula do you use for it? This is an interesting question. You should like it;)

Anderson – WILL NOT PM YOU FIRST WAssTCH OUT FOR SCAMMERS: The trading reward is calculated by the amount of token swapped and converted to YEX’s current market value and multiplied by the package trading reward percent. An example would be if a user staked 10 YEX token on a 30DAYS package and swapped 5 ETH for any other ERC20 tokens. If the amount of YEX to ETH is 1:1, then the user should get 5 YEX * (2.0/100) YEX tokens as a reward, and these rewards are computed daily on-chain and can be tracked on the Yolex.io staking interface.
‌ On the other hand, rebase is computed just once a day. The amount is fixed and can only be increased whenever the user increases his or her staked amount. An example would be if a user staked 10 YEX token on a 30DAYS package. The user will get a daily rebase of 10 * (1/100) YEX. This rebase amount will add up daily and can be tracked on the Yolex.io staking interface.

Gold Rocket | Satoshi Club: Yeah, thanks for sharing.z

Anderson – WILL NOT PM YOU FIRST WATCH OUT FOR SCAMMERS: The rebase happens every 24 hours at 10:10 pm UTC.

Gold Rocket | Satoshi Club: Q3 from Telegram user @bitcoinistic
The price of your token was 2700$ 10 days ago. Now it’s 176 and the liquidity dropped significantly. What happened during these days that influenced the price in such a way?

Luis Merino 🇪🇸 | Satoshi Club: I like this question 😀

Anderson – WILL NOT PM YOU FIRST WATCH OUT FOR SCAMMERS: This is related to presale investors token distribution. The presale was designed in a way that presale tokens were locked for 30days (staked). It is understandable that some of the initial presale investors are likely to exchange some of their tokens after waiting for a long period. There are other factors too that influence this drop but we are very much working to facilitate its recovery.

Luis Merino 🇪🇸 | Satoshi Club: How much did you raise with presale?

Anderson – WILL NOT PM YOU FIRST WATCH OUT FOR SCAMMERS: A total of 145 ETH was raised from initial investors.

Gold Rocket | Satoshi Club:
Tell me please did you already audit your smart contracts?

Anderson – WILL NOT PM YOU FIRST WATCH OUT FOR SCAMMERS: The smart contract has not been audited yet, but an audit arrangement has been made and hopefully we will have the audited report soonest.

Gold Rocket | Satoshi Club:
this is a great result!

Luis Merino 🇪🇸 | Satoshi Club: Great amount!!

Anderson – WILL NOT PM YOU FIRST WATCH OUT FOR SCAMMERS: Thank you.

Luis Merino 🇪🇸 | Satoshi Club: Ready for Q4?

Anderson – WILL NOT PM YOU FIRST WATCH OUT FOR SCAMMERS: We can proceed.

Q4 from Telegram Username @apocan99
If I don’t unstake my assets after the due date, I will continue to earn rewards which is great. But does the system renew the staking contract based on the current staking choice or does it continue daily? For example, if the staking period is 7 days and it wasn’t unstaked at the end of the period, will I need to wait for another 7 days or can I unstake whenever I want? (Considering the reward percent change based on staking period also)

Gold Rocket | Satoshi Club: Good question!👍

Anderson – WILL NOT PM YOU FIRST WATCH OUT FOR SCAMMERS: So taking the 7 days example from the question. If a user takes an amount of YEX token on a 7 days package if at the due date the user chooses not to unstake (mint tokens) the rewards continue and reward computation remains the same. The user can unstake anytime after the due date is passed.

Luis Merino 🇪🇸 | Satoshi Club: Very clear answer! Thank you. No questions for this one 😀@GoldRocket27 do you have any questions?

Gold Rocket | Satoshi Club: I like this answer😀

Q5 from Telegram Username @KathDM
I read that you are currently working to integrate time base limit orders on the Yolex platform. How will this feature work and when will it be integrated?

Anderson – WILL NOT PM YOU FIRST WATCH OUT FOR SCAMMERS: Yes, at the moment we are anonymous, but this will change as soon as certain structures are put in place.

Gold Rocket | Satoshi Club: This is a very important point! Are you want to add somethings or can we move on to the last question?

Anderson – WILL NOT PM YOU FIRST WATCH OUT FOR SCAMMERS: We can proceed.

Gold Rocket | Satoshi Club: Q6 from Telegram Username @Brainchest
Will the use of the YEX token be other than receiving rewards for staking and trading operations? I am afraid that if I buy now at the current price, I will lose, as people receiving the reward will sell, thereby the price will drop sharply. Do you have a price protection mechanism?

Anderson – WILL NOT PM YOU FIRST WATCH OUT FOR SCAMMERS: There are also plans to integrate rewards for providing Liquidity on Uniswap, as we believe this will boost the price value and even if people unstakes, there will be a balance as other people are also buying to stake and adding liquidity for rewards. This we believe will help regulate and keep the price stable.

Gold Rocket | Satoshi Club:
So you have thought of everything. Anything else you want to say before we open the chat for live questions?