YOINK is described to be a simple yet elegant protocol encompassing deflationary characteristics with a twist. The following are the claims of the project:

The YOINK Function:
Every 24 hours the Yoink function will be enacted. 1% of the piggy bank will be "yoinked" and given to a random Yoink wallet, if the selected wallet is not in the top 500 the YNK will be burned.

The Piggy Bank:
The Piggy Bank initially holds 30% of the total YOINK supply, overtime this will deplete to zero.The piggy bank is black listed from the Yoink function so it can only give and not take.

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