Yellow Network is excited to unveil its locking program, designed to support the ecosystem and improve liquidity for brokers in the network in anticipation of the $YELLOW token launch.
Yellow Network, a decentralized clearing protocol leveraging state channel technology and chain abstraction, aims to solve liquidity fragmentation issues in crypto trading.
The locking campaign marks a milestone for the project and the campaign’s participants will be rewarded for supporting the ecosystem.
Yellow Network is set to transform the crypto trading landscape with its cutting-edge decentralized clearing protocol. Positioned as a Layer 3 solution Yellow Network lies as a mesh network on top of other blockchains, enabling cross-chain trading. The solution deeply enhances liquidity and efficiency by integrating brokers and crypto exchanges.
Overview of the Locking Campaign
Yellow Network’s Locking Campaign is a strategic initiative that will support brokers while engaging early adopters. This effort is designed to drive ecosystem growth and strengthen the brokers who are vital to Yellow Network’s success. Users are encouraged to join the campaign and contribute to the development of the ecosystem.
The Locking program enables participants to earn points that are reflected on a leaderboard, which will determine their rewards in $YELLOW at the Token Launch Event (TLE).
The campaign will run across several seasons, inviting users to participate by locking tokens, performing daily activities and claiming rewards to maximize their points and potential earnings. Daily claim points are boosted by the amount of transactions executed from the Yellow Wallet on a daily basis.
Yellow Network has allocated 5% of its $YELLOW token supply to be distributed among early adopters participating in the Locking campaign.
How to Participate in the Locking Campaign
To earn points, participants can lock whitelisted tokens on networks such as Ethereum, Linea, and Polygon using the Yellow Wallet. The points earned are influenced by the amount and duration of the tokens locked. Participants are also encouraged to actively engage in daily tasks, make regular claims, and perform transactions using the Yellow wallet to maximize their participation and rewards.
To participate in the Yellow Network’s Locking Campaign, follow these steps:
- Create a Yellow Wallet: Begin by setting up your Yellow Wallet to start participating in the campaign.
- Deposit Funds: Transfer funds from your EVM wallet, such as Metamask, or a centralized exchange into your Yellow Wallet. Ensure you use the whitelisted tokens on the right network specified on the campaign site. It is also possible to lock the funds directly from your Metamask wallet. Please note that once the funds are unlocked, they will be transferred to the Yellow Wallet, not to your EVM wallet like Metamask.
- Lock Your Tokens: Visit the Locking Campaign page to lock your tokens and start earning points today.
- Claim Daily Point rewards. Engage consistently by claiming your reward points daily to maximize your potential rewards.
- Stay Updated: Follow Yellow Network on Twitter for updates on season changes, campaign news, and other important announcements.
- Read More in FAQ: https://wallet.yellow.com/seasons#FAQ
Get involved
The Yellow Network Locking Campaign offers a valuable opportunity to engage early with a decentralized clearing protocol that aims to revolutionize digital asset trading. By participating, you take a valuable opportunity to contribute and enhance efficiency of the crypto trading ecosystem.
For more details on the campaign, visit https://wallet.yellow.com/