Yokai.Money V2 Tokenswap

Welcome to the first official Yokai.Money medium post! We are finally getting ready to launch the Yokai V2 token and move this project forward!

Just moments earlier the team has removed a large portion of the liquidity in the V1 token pool by selling our own tokens. Since the project team does not own the key to the current liquidity pool, this is the only way for us to preserve part of the liquidity and make the transfer.

And if you can please kindly send in your V1 token, it will help us remove some more liquidity to add to V2 pool. This is the Yokai V2 deployer address:

0x1bF939215E8722C7Cb5b3AdB4DFFF8c8F0A59ebd

Your help will be much appreciated!

A snapshot was taken right before we remove the liquidity. All the holders will be airdropped with V2 token 1:1 based on the token they are holding at the time of the snapshot. Any purchase of V1 token after the snapshot will not be airdropped V1 token. And we will deploy V2 token within 24 hours after we remove the liquidity from the V1 token pool.

And please take a look at the new Tokenomics for the V2 token. We have made a few adjustments in preparation for the upcoming roadmap for the project.

Tokenomics for the YOKAI V2 Token:

1. A snapshot was taken right before we removed liquidity from the V1 token. All current V1 holders will be airdropped the V2 token on a 1:1 basis, according to the number of tokens they were holding at the time of the snapshot. Any purchase of the V1 token after the snapshot will not be airdropped the V2 token.

2. The liquidity we removed from the V1 token was added back into the liquidity pool for the V2 token.

3. We have removed the token burn and redistribution mechanism from the V2 token in order to provide a better user experience for our LP farm. We believe it isn’t fair to punish people with a 4% token burn simply for providing liquidity for the community.

4. The total supply has been fixed at 100,000 tokens. No more tokens will ever be minted since we have burned the token contract owner address. We have also set aside 15,000 tokens for the team fund, which has been time locked for 6 (50%) and 12 (50%) months in order to incentivize us to continue to work hard on the project.

5. We will provide an LP farm to incentivize liquidity providers. LP providers will receive reward point tokens which can be redeemed for exclusive Yokai NFTs. More details on the NFTs will follow in the next few days.

6. 5% of the funds received from our NFT sales will be used for Yokai token buybacks to help stabilize the price.

We truly appreciate everyone’s patience and support for the Yokai project in the past weeks. We can’t wait to share with you more exciting news!