Blog Post

Yield Optimization Platform and Protocol (YOP) - Providing easy access to DeFi for everyone

Sponsored • Feb 03, 2021

The introduction of DeFi has expanded the way users invest in crypto and its associated industries remarkably with the invasion of yield farming. However, the DeFi wave is an incredible way to reward token holders and liquidity providers through a new technical process. This is where crypto starters who are developing interest in crypto become confused and back off because of these difficulties and technicalities. Attention needs to be given to various platforms to smoothen the adoption of decentralized finance.

YOP streamlines all these frictions in DeFi by bringing together five main products to make access to yield farming easier. The All-in-one Mobile yOptimization Application makes it not only easier and simpler but interesting, interactive, and understanding. Currently, existing projects are limited in products, and some of them don’t have important features like market data, native tokens, and even in-built wallets. YOP brings together five solid products, Farmers Market, Swap Dex, Wallet, Smart Market Data, Personalised dashboard.

There are mobile applications out there providing some services, but none has developed an all in one yield earning platform. Most of them have not been able to fuse in DeFi markets except YOP. DeFi being a new market and growing at a breakneck pace, needs to have a sleek app user interface that enhances user experience. Based on the market analysis, no single known app, mobile, or web currently offers the vast features that this project is developing.

$YOP Token and its economy (YOPonomics)

The Yield Optimization Platform is fuelled by the $YOP token and powered by the Ethereum and Polkadot ecosystems. The token powers both the yPlatform and yProtocol. They are withdrawn from circulating supply via the yProtocol: staking in contracts, token burn, liquidity pools, and use to access premium services within the app. The continued withdrawal of supply reduces the general level of price valuation. 

With projected user growth, this further accelerates reduction in circulating supply creating a demand-driven market for $YOP. The team has designed the token keeping inflation from treasury very low. With a high level of devotion to the project, the team tokens are vested over two years, growing sustainably. YOP has a max supply of 88,888,888 tokens. 

The Rapid and Surprising Growth of YOP

The project started from scratch, with a low market cap, and with a small community. The growth as of now is overwhelming. Due to the promising features, it has attracted investors and partners all across space. On January 16th, 2020, The team happily announced an agreement from a traditional venture fund listed on the London Stock Exchange, Pires Investments Plc. Pires took YOP through rigorous due diligence and technical review process.YOP illustrated its value in its strategy, team, and robustness of its platform development to a specialist technology investor successfully. 

On December 22, 2020, The team secured investment from another strategic partner to support YOP becoming a leading platform & protocol. They announced a partnership with Tenzor Capital. Tenzor was focusing on investment and was also envisioned to back early-stage projects by supporting community expansion, developer resources, and the project's network in Europe and Russia. On January 4th, 2021, YOP announced a launch on Polkastarter IDO & Uniswap. 

Unlike other existing apps and projects, what YOP focuses on is bringing together all other protocols in one place, making it very easy and accessible for yield farmers to go about their daily activities in the crypto space. Although the platform is not live yet, they keep the community updated with every development stage and recently shared a demo video of the application. 

In Summary 

YOP believes that there's a clear market opportunity for a beautifully designed app to bring cross-network products together, giving the masses a chance to experience the best of yield farming. The team's goal is to build a simple, elegant digital experience and grow a community of active app users. 

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Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.  

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02 Feb, 2021
In this article, I want to introduce crypto derivates with a comprehensive guide about how to use them to earn! So let’s start with some basic knowledge… What does ‘‘Crypto Derivatives’’ Mean? The only way to have crypto income is not creating some content, using your entourage as referral income, or managing a crypto community. Even with a little cash and some time, you can gain huge money while trading crypto assets. Basically, trading is imagined as ‘buy the dip, sell the top’ or ‘buy the news, sell the reality’ for many people. This imagination is theoretically true but it’s not clear how many of us can apply that simple theory while trading. So it leads to improper decisions and loss of funds. The basic scheme is like the above. This is absolutely true for any kind of asset trading. We call this a simpler method of spot trading. You have the right to own the asset, trade it, and get positive results only when a bullish move or green candle happens. But we, as humanity, don’t like the limited options as well as we don’t like waiting to buy the dips or selling the highs. So we have more than 1 option to spend time while trading. They are crypto derivatives. For many centuries, people exchanges any kind of assets with each other. The only stationary thing is changing the objects. But if we deal with derivatives trading, there is no object to change between the buyer and the seller. There are different kinds of contracts to trade. So there’s no real buyer and seller but there’s a contract to be traded in each of 2 possible ways. Now you don’t want to wait till Bitcoin pumps to fill your sell order! What is a ‘’Contract’’? How to Use Them? As I stated above, the contract term reflects the object being traded. If we want to compare with spot trading, you should trade directly the prices on the spot market. But you should trade the price difference while you’re encountering the derivatives market. It means that even you don’t have the asset in your pocket, you can earn when the price fluctuates. In addition to that, the derivatives market gives you the opportunity of short selling which means you bet for a lower price and have the opportunity to earn without waiting for lower prices. The examples are always better to explain! So let me show you the graph of Crude Oil. ( Source ) The graph shows the weekly price changes from early 2016. But we should focus on the right part, 2020. There’s a huge price fluctuation as shown above. Now firstly think as a standard trader. The only way to gain some cash on such a fluctuated asset, you must sell on the left ✅ and re-buy at the right ✅. Here comes the main difference between derivatives traders. At first, you don’t need to hold any amount of oil so you must not worry about the possible price decline like we faced in early 2020. Secondly, you have more than one option for each ✅. On the left one, you can short it, this makes you gain till the right one. In addition to that, you have the right to go long on the right one till that week. I see some questions on your mind after the example. ‘’How the short selling is a better option than spot sell?’’ and ‘’How to buy long is a better option than spot buy?’’ are only a few of them. Don’t worry and go on reading. What is Leverage? How Could It Be Better than Spot Market? Let’s assume that you have 100$ and you want to double it while trading the Crude Oil. The only option to have 200$ is to purchase it at 20$ and sell it at 40$. Congrats if you’re one of the most patient traders on Earth. But what about the others? Here comes the spirit of leverages… Leverage means that you have 100$ but you can use it like 500$, 1000$, or even 10.000$ with the proper leverage amount. Yes, this is possible! As you can see below, some trading pairs are highlighted with 5X or 10X. It means that you can use your 100$ as 500$ or 1,000$. Now let’s think that you want to trade XRP/USDT pair and you expect the price will rise. In this situation, you have the right to open long with 10X leverage. Let’s assume that you use all 100$ with 10X leverage and longed XRPUSDT at 0.50$. After some time the price rises to 0.5073$, which equals 1.46% upper. At this time, you multiplied your earnings by 10X so the gain ratio equals 14.6% and your initial 100$ became 114.6% instead of 101.46$. But vice versa is true. If you open short with 5X leverage let’s say at 0.5123$, with the current price you gain 4.87% instead of 0.97%. Shortly, if you use the leverage amount properly, the derivatives market you richer than expected. But never forget that the amount of losses will also be multiplied if your bet is wrong! Up to now, I want to introduce you to the basics of leverage usage and derivatives trading. The most well-known crypto derivatives exchange is BitMEX, of course! But everyone has some complaints about BitMEX. Some complaint about over-filling and not using BitMEX all time, some say that BitMEX opens counter positions to liquidate open positions. Anyway, today’s topic is Bityard and I will compare these 2 exchanges in the scope of the derivatives market, user experience, and so on. What is Bityard, briefly? Bityard is another example of a crypto derivatives exchange founded in 2019. But not only providing the leveraged trading, but the Bityard users also have different options like spot trading or trading on some conventional assets such as Gold, Silver, or Natural Gas. Bityard is the world’s leading cryptocurrency contracts exchange. Headquartered in Singapore, we provide safe, easy, and fast crypto asset trading services in more than 150 countries. Bityard adheres to the product concept of “Complex Contracts Simple Trade”, and aims to bring the ultimate simplified trading experience to customers. Bityard welcomes you with a simple and easy-to-understand dashboard, not directly opens a trading page. On the home page, you will face too many positive features that Bityard has. Some of them include 4 different licenses over 3 different countries, easy registration and deposit processes, the user-friendly appearance of digital currencies, and many more. But maybe the most important one is not included: You can trade as little as 5 USDT! The minimal trading amount is generally set around 10$ or 0.001 BTC on many exchanges and this makes newcomers unsatisfied. Maybe it can be added to the dashboard to encourage more newbies while BTC is ready to see new ATHs any time soon. I think the team thought that Welcome Bonus is better than showing that feature. As a result, you can see the pop-up saying you up to 258 USDT Welcome Bonus. There are 8 different tasks to complete. After each one, you will be gifted with some bonus and in the end, it makes 258 USDT in total. I know many exchanges distributed such a Welcome Bonus but most of them are limited up to 100$. For example, Phemex, the 7th most liquid derivatives exchange according to CoinMarketCap data , is promising all newcomers up to 80$ welcome bonus. Bityard leveraged the bonus with more than 3X. Advantages and Disadvantages of Trading on Bityard Apart from the home page, the trading segments contain 3 different pages: Spot, Contract, and Derivatives. Spot trading is the conventional one with more than 30 pairs to trade. Contract trading is the one that I want to teach you above under the general name Crypto Derivatives. There are 10 different trading pairs to use up to 50, 80, and 100X leverages. Don’t think Bityard is all, there is still 1 more part to discover: Derivatives. It contains 11 different conventional assets including Silver, Gold, and Copper to trade with up to 200X leverage for each one. The trading pages are simplified, in my opinion. Although there is only 1 page available, not 5 on Binance for example, buy and sell positions are easy to receive. In addition to that, there are some default features on Bityard . For example the Overnight mode. If you select overnight mode, the system forces your orders to be canceled at 05.55.00 Singapore time. It may be useful for Asian traders but the default Overnight mode can cause some problems for European or American users. You can deactivate it in the Settings section just above the leverage box. When we check for the trading fees, it’s standard for any trading 0.05%. This ratio is stable for both maker and taker orders. Comparing to most exchanges, it’s lower for taker orders but there are some exchanges that offer 0% or even negative fees for maker orders. I hope the Bityard team will reduce the fees to compete with others. But if you’re an influencer, no problem! You can supply your wallet with some referral income so fees will not be a real problem for you. Enjoy trading on Bityard with 5 different ways of referral income up to 60% commission. Or you can join Mining activity every day to create some dust USDT to cover our trading fees. So Bityard offers you many ways to reduce the standard trading fee. What to Expect from Bityard Soon? Trading with 10 crypto and 11 conventional assets is great but the number of trading pairs should exceed 40, or even 50 to reach more people. Only LINK, DOT, and UNI is supported as DeFi tokens. Not to miss the current DeFi hype, users should see more DeFi trading pairs. There are 9 supported languages but most of them are Asian languages. To broaden your user profile with different nationalities, more languages should be added. BYD, the native coin of Bityard, has only 2 features, deducting the trade fees and getting excess income from upcoming token listings. In my opinion, BYD could have more extensive use cases. Don’t give up ‘’Complex Contract, Simple Trade’’. That’s exactly what we want. If you are not still a member of the Bityard family, come and join us . And don’t forget the participate ‘’ Prediction contest ’’. Resources
02 Feb, 2021
HENDERSON, Nev., Feb. 1, 2021 /PRNewswire/ — Gen2 Technologies Inc. (the “Company”) (OTC: BRKK) wishes to update its shareholders that it will hold a call on Friday February 12th to discuss the company’s progress and key developments. Amongst points to be discussed: * Uplisting to OTCQB * Plans for 3:1 forward split * Positive momentum on Iris Network * Policy and current discussions on strategic and operational collaboration * Plans for communications improvement — including new website Specific details of the call will be forthcoming on our website For further queries, please feel free to email our IR at: [email protected]  BRK Inc ./Gen2 Technologies Inc. (OTC PINK: BRKK), The foregoing contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are intended to be covered by the safe harbor provisions of the federal securities laws. Forward-looking statements often contain words such as “will,” “anticipate,” “believe,” “plan,” “estimate,” “expect,” “intend,” “is targeting,” “may,” “should,” ‘’poised,’’ and other similar words or expressions. Forward-looking statements are made based upon management’s current expectations and beliefs and are not guarantees of future performance. Our actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others, those described in any of our other filings with the SEC. In addition, such statements could be affected by risks and uncertainties related to: (i) commercialization of our newly-acquired helmet camera, (ii) continuing development and protection of our intellectual property, (iii) unexpected industry competition, (iv) the need to raise capital to meet business requirements, and (v) our ability to sell our products in order to generate revenues. Forward-Looking Statements are pertinent only as of the date on which they are made, and the company undertakes no obligation to update or revise any Forward-Looking Statements, whether as a result of new information, future developments or otherwise. Any future public statements or disclosures modifying any of the forward-looking statements contained in or accompanying this news release, will be deemed to supersede such statements in this news release. Information on BRK Inc.’s website, does not constitute a part of this release. Contact: [email protected] +1 (702) 572–5080 SOURCE Gen2 Technologies Inc. Related Links
01 Feb, 2021
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30 Jan, 2021
DefiBids wants to make buying ERC-20 tokens fun and more profitable for everyone. This unique DeFi online auction allows users to BID on packages of ERC-20 tokens and NFTs at discounted rates compared to market value. The DeFi market is on fire right now. This sector has seen explosive growth due to a combination of healthy investor ROIs and market hype. Consequently, DeFi continues to be one of the fastest-growing sectors in blockchain. Why You Should Consider Buying DeFi Tokens via Auctions For many crypto investors, the thought of buying tokens via an auction has never crossed their minds. With all of the exchanges currently available to users, you may not see any reason to venture out into the world of online auctions. However, you may want to reconsider your stance as there are some serious benefits gained from auctions, especially when you look at the growing risk of hacks and centralization in the current exchange markets. One of the primary reasons to consider buying ERC-20 tokens, in particular, from an auction is the savings. When you bid on an Auction Package, you have an opportunity to save a bundle on your next purchase. Notably, DefiBids allows you to place unlimited bids, across multiple auctions simultaneously. This strategy allows you to further your chances of winning the auction. Not Your Ordinary Auction There are some features that make DefiBids a better option than the competition. Specifically, there is an impressive selection of auction types available. When you think of auctions, many people envision a fast-talking host spitting out numbers in what seems like gibberish. Nowadays, there are all types of auctions. DefiBids supports your traditional auction in which the highest bidder wins. There are also Lower Unique Bid options available to users. In this scenario, it’s the lowest bidder that wins the auction. The network introduces stealth auctions as another powerful tool to help you save on your next DeFi token purchase. Get Stealthy Stealth Auctions are a really cool concept. Users don't bid directly on Auction Packages in this format. Instead, you pay a small fee to reveal the price of the Auction Package. Every time the package price is revealed, the auction price drops slightly. Eventually, the price gets so low that a bidder accepts the offer. Everyone Wins on DefiBids DefiBids changes the game with the introduction of its staking model . This protocol not only rewards the auction winners, but it also provides an opportunity for BID holders to secure added profits. Notably, 1% of all the fees collected from auctions are distributed to stakers via a side pool. Impressively, you don’t have to wait months to get your staking rewards from the network. Every 24-hours at 00:00 UTC, these rewards are paid out in Ethereum. Paying rewards in ETH adds value to the network and reduces inflationary risks. Recently, DeFi platforms have experienced inflationary issues due to the fact that they pay rewards in their native tokens. DefiBids users avoid these concerns and save time and money because their rewards arrive in ETH directly. DefiBids - A New Type of Auction for the New Economy DefiBids appears ahead of the curve with their latest release. This platform combines the excitement of auctions, with the security of staking protocols. As such, DefiBids is an example of how decentralization provides greater opportunity for all market participants. You can expect to see a lot more from this development team as their project continues to take flight in the coming weeks. For now, interested investors can participate in any of DefiBids' auctions here . Useful Links Telegram | Twitter | Youtube
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