YMEN

Ymen.FinanceYMEN

Rank #5125
Token
On 691 watchlists

Ymen.Finance Price (YMEN)

$2.00
1.05%

0.00005577 BTC1.05%

0.0009029 ETH1.05%

Low:$1.97
High:$2.06
24h
YMEN  Ymen.Finance YMENPrice: $2.00 1.05%
Market Cap
- -

Why is there no Market Cap? 

Read more

Fully Diluted Market Cap
$129,637
22.39%
Volume
24h
- -
Volume / Market Cap
--
Circulating Supply
--
Max Supply
64,700
Total Supply
64,700

Ymen.Finance Chart

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YMEN Price Live Data

The live Ymen.Finance price today is $2.00 USD with a 24-hour trading volume of not available. Ymen.Finance is up 1.05% in the last 24 hours. The current CoinMarketCap ranking is #5125, with a live market cap of not available. The circulating supply is not available and a max. supply of 64,700 YMEN coins.

Y-men is described to be a deflationary currency. It is claimed that each transaction burns 2% of tokens and this incentivizes holding of YMEN. Y-Men has also launched its Yield Farming platform.

Y-Men will offer a two-token system for Yield Farming. The yield token will be called MUTANT. Initial participants will be able to deposit a variety of LP tokens just like Yield farming 1.0. The YMEN/ETH LP will offer a 10x multiplier for a short time. The difference here is that yield rewards are paid out in MUTANT, so YMEN holders are NEVER diluted. MUTANT will ONLY trade against YMEN. Due to the built in burn mechanism in YMEN, farmers who are just in it for the quick yield will have to trade MUTANT into YMEN then YMEN into Ether. This will result in a constant reduction in supply, while demand remains high. The greatest theoretical returns come from staking YMEN/ETH initially, however once TVL exceeds a certain point, yield farmers will then be incentivized to stake in the YMEN/MUTANT pool as APY slowly decreases on the YMEN/ETH pool. Another benefit of YMEN, and its deflationary nature, is that individuals who wish to speculate on the tokens value appreciation don’t need to stake in order to participate. Yield farming can be complicated, and many could-be investors are pushed out of the entire DeFi sector as they just don’t understand the mechanics behind it. Yield Farming 1.0 projects tend to be poor stand alone investments without staking. This is because the never ending inflation that occurs, as new coins are minted, dilutes token value very quickly.

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YMEN

Ymen.Finance

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USD

United States Dollar

YMEN Price Statistics

Ymen.Finance Price Today
Ymen.Finance Price$2.00
Price Change24h$0.02082
1.05%
24h Low / 24h High
$1.97 /
$2.06
Trading Volume24hNo Data
Volume / Market CapNo Data
Market DominanceNo Data
Market Rank#5125
Ymen.Finance Market Cap
Market CapNo Data
Fully Diluted Market Cap$129,637.23
22.39%
Ymen.Finance Price Yesterday
Yesterday's Low / High
$1.95 /
$2.15
Yesterday's Open / Close
$2.15 /
$2.02
Yesterday's Change

6.16%

Yesterday's VolumeNo Data
Ymen.Finance Price History
7d Low / 7d High
$1.95 /
$2.38
30d Low / 30d High
$1.69 /
$2.82
90d Low / 90d High
$1.58 /
$4.26
52 Week Low / 52 Week High
$0.7936 /
$18.46
All Time High
Sep 18, 2020 (9 months ago)
$18.46
89.14%
All Time Low
Dec 12, 2020 (6 months ago)
$0.7936
152.46%
Ymen.Finance ROI

74.83%

Ymen.Finance Supply
Circulating SupplyNo Data
Total Supply64,700 YMEN
Max Supply64,700 YMEN