Meet YMPL, a new kind of asset, a digital commodity that rebasing itself based on market demand and game of chances.
M from Monetary, represents a new form of money, an alternative store of value in the digital space that people can truly own.
YMPL initial price will be 0.0025 ETH ( ~1 USD today ) per 1 YMPL and it will increase or decrease the supply based on its price movement correlating to ETH, no dollar nonsense. The price discovery mechanism and the free market will determine the fair value of the token.
Note that the initial rate might be changed on launch date to be as close to 1 USD
P from Probability, represents an adaptation of probablistic model that apply to the asset yield, to reflect the randomness of the world onto an asset, creating a uniqueness of this new digital commodity.
L from Life, represents the ever-changing value and supply in the asset, based on a series of random events, with no certainty, no final destination, an constantly evolving digital commodity similar to life itself.
YMPL is a probabilistic DeFi protocol that rebases the token supply in a set of intervals based on our probabilistic model; inspired by Ampleforth protocol we take its rebasing model further to create a new digital commodity with dynamic price discovery based on custom random algorithm based on Commitment scheme of future blockhash.
The YMPL protocol can be rebased every 4 hours by anyone, each rebase has a 25% chance to be rebased successfully.
The first rebase after listing is guarantee 100% to be rebased
The rebase lag multiplier is also random based on the total tokens of YMPL from the table
|Total Supply||Rebase lag factor|
|< 25,000,000 YMPL||6 - 10|
|25,000,000 - 50,000,000 YMPL||7 - 11|
|> 50,000,000 YMPL||8 - 12|
YMPL s not a stablecoin, no price target of $1. Its price discovery is purely based on the demands and supply of the market and chances. Simply put, the total supply of YMPL will be dynamically increased and decreased based on its ETH price ratio, rebasing chances, multiplier chances and market demand. YMPL is a truly unique commodity, an alternative store of value backed by probability where its price is discovered by the free and decentralized market.
|YMPL/ETH > 0.0025||YMPL Supply Up|
|YMPL/ETH < 0.0025||YMPL Supply Down|
|YMPL/ETH = 0.0025||YMPL Supply No change|
|Total supply||Percent alocation||Token||Price||Type|
|Private sale||22%||240,000||0.00275 ETH||Unlocked|
|Public sale||13%||144,500||0.00250 ETH||Unlocked|
Team Locked 1month and then 24 months linear
Community Incentive 20% after listing and then 24 months linear
Ecosystem 20% after listing and then 5% every month