The YAXIS price update as of now is $0. In the previous 24 hours, its trading volume was $0, and its value has increased by %. As of now, YAXIS's live market cap is $0, and it is ranked as the #22484 on the Coincu. YAXIS has a circulating supply of 11,000,000 and a maximum supply of 11,000,000.

Understanding yAxis

yAxis is a governance token called ERC-677, fully compatible with ERC-20 standards. This token has a unique feature that enables the approval and transfer of tokens in a single transaction, resulting in reduced gas fees.

What Does yAxis Token Do?

The yAxis token serves several purposes within its ecosystem:

• Incentivizing token staking for governance and strategy development.
• Rewarding liquidity providers on Uniswap.
• Boosting the APY (Annual Percentage Yield) to attract early users and increase Total Value Locked (TVL).
• Compensating strategists, developers, and active community participants.

How are yAxis Tokens Distributed?

Out of the total supply limit of 11,000,000 yAxis tokens, 1,000,000 were made available for swapping from YAX starting on April 17, 2021. As of May 4, 2021, there are still 109,000 YAX tokens waiting to be swapped.