Important Announcement

To promote the global success of YeFi and to further develop the YeFi ecosystem, we have gathered suggestions from the YeFi community and issued the following proposals:

· YEFI total supply: 21M

· 19.74M to be mined by the users

· 3% YEFI tokens of original total supply used for providing staking tokens, 50% to be burnt(1.26M)

· The daily computing power threshold to be set to 2M. If the number is not reached, 50% of the YEFI tokens mined that day are to be burnt

· Users are no longer required to burn bYEFI to upgrade to the next level. YEFI tokens can be burnt for an upgrade instead, users that already had bYEFI can still use it to upgrade

· Implementation of a truly decentralized Super Miner algorithm. Any user can become a Super Miner, provided their computing power is at least 50,000 and stake 200 YEFI tokens

· The voting will last 3days since 18:00(GMT+8) ,July 5th to 23:59(GMT+8), July 7th , based on 1YEFI = 1Vote mechanism, on

· If the approval votes outvote disapproval votes for 10%(or more) by the end of the event, the proposal will take effect.

Thanks you for your support

— — YEFI Foundation




Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

AMA 13.06 zkSync

Visibility in Solidity

Visibility in Solidity

English Forward — New Logo and Branding

Reforming Administration of Criminal Justice in Nigeria Using Blockchain

Open Permissioned Blockchain, a Hybrid Blockchain Offers the Best of Public and Private Chains

Our road map for TAP Coin, the blockchain rewards platform for travel and hospitality

Gen 1 Identities Officially Sold Out!!

Newsflash: we’re expanding our team

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Network YEFI

Network YEFI

More from Medium

5 Reasons Why Metaxiz’s Open Marketplace is Perfect for Our Users

Pixel Racers, First Checkpoint

Web 3.0 is the upcoming third generation of the internet where websites and apps will be able to…

What is the Metaverse? —  A deep dive into the world of infinite space