Topic: YFBEAM.FINANCE - INTRODUCTION (Read 203 times)

Seems that discord link is expired, could you fix it?

Big scam again I suppose...

sure, why not? 
 people need to know about how these crazy y-defi projects are willing to do just to catch the defi hype. do they really think that there will be substantial number of unsuspecting users here that will just buy their y-token in uniswap or whatever substandard exchange they want to list it with?
if the OP or whoever is incharge here will not respond, then i guess we pretty much got the answer.

Thank you for pointing that out.

Given that YFMOONBEAM was registered first according to the whois.domain tools, it is implied that YFBEAM may have copied its contents from the former. Regardless, I will wait for the project manager of YFBEAM to hear their side before I create a scam accusation thread against them. In addition, I would also like to ask for your permission to use the data you have gathered and add it on the scam accusation board I will create in the future.

Once again, thanks!

good catch qwertyup!
there's a difference in their ticker. look closely on each site.


                                 https://www.yfmoonbeam.com/                                                    vs.                                           https://yfbeam.finance/




but it seems both are just copy cats of this Y-defi project.  I dont understand about this Y-stuff anyway. can we see X-DeFi next?  
checking their site registrations. yfmoonbeam is about half month early than this yfbeam.finance
so we know who's exactly copying the site here.


https://www.whois.com/whois/yfmoonbeam.com


https://www.whois.com/whois/yfbeam.finance

Hi upon checking the website, there seems to be a similar website created titled "YFMOONBEAM.FINANCE". Is there any difference between yfbeam and yfmoonbeam since all the contents posted are similar? I hope to get a clarification with this soon, thanks!

Reference: https://www.yfmoonbeam.com/

YFBEAM.FINANCE (YFBM) is a universal DAO that will incentivize participation in governance on Polkadot’s Moonbeam parachain.
In recent times, DAO’s have taken the cryptocurrency world by storm. However, many of the DAO’s that have arisen are neither sustainable nor do they properly incentivize governance participants in return for their efforts. YFBEAM aim’s to solve this by nurturing an environment that does both.



Here are some of the features that sets YFBEAM apart:
YFBEAM offers a sandbox for users to create and vote on different proposals, rewarding them for experimenting with different incentive mechanisms and for helping mould and shape the future of the YFBEAM.

For their participation in the decentralized autonomous organization, the creator of a winning proposal and its voters will be distributed 20% of the votes placed for the proposal, while the rest (80%) will be burned.
YFBEAM is built with a sustainable reward system and deflationary tokenomics, leading to increasing scarcity as time goes on. 30% of daily yield from stablecoin vaults will be used to buyback YFMB and burn it from the market.
Only a total of 0.6% of available treasury tokens will be distributed each day, meaning that with each passing day, the number of new tokens entering circulating supply will drop as the amount available in the treasury vault drops.
YBEAM will be migrated to Polkadot’s Moonbeam parachain, enabling cross-chain interoperability and continuous growth of the ecosystem.

Farming
Those who wish to farm YFBM, will be able to do so with stablecoins such as DAI, USDT and TUSD. Farming may also be done with other governance tokens such as YFI or UNI so user’s may farm all the while using the selected coins underlying protocol to maximize APY and avoid the opportunity cost of just farming YFBM.

YFBEAM enable user’s to farm with various protocol tokens
Twitter: twitter.com/yfbeam_finance
Telegram Channel: t.me/yfbeam_finance