# YBM(Yabumi DAO Token)

## What is YBM? 

YMB(Yabumi DAO Token) is utility token embeded to Yabumi. Initial issuance is 450,000,000, with 55,000,000 issuance in the first year and annual diminishing issuance of 10% over 235 years. Max supply is 1,000,000,000.

Ticker：YBM

Token Address：0xbc91b74761cAe0740F74e42b2673C05146ed810E\
<https://etherscan.io/address/0xbc91b74761cae0740f74e42b2673c05146ed810e>

DEX link：TBAComment

## Allocation <a href="#allocation" id="allocation"></a>

<table><thead><tr><th align="center">Percentage(%)</th><th align="center"> For</th><th align="center" valign="middle">Note</th></tr></thead><tbody><tr><td align="center">5</td><td align="center">Developer Incentives</td><td align="center" valign="middle"></td></tr><tr><td align="center">5</td><td align="center">Initial investors</td><td align="center" valign="middle">Airdrop to TXJP holders</td></tr><tr><td align="center">5</td><td align="center">DEX LP</td><td align="center" valign="middle">Uniswap v3 YMWK-ETH Pool $0.1~$1</td></tr><tr><td align="center">5</td><td align="center">Community Treasury</td><td align="center" valign="middle">safe.defigeek.eth</td></tr><tr><td align="center">5</td><td align="center">Early User Rewards</td><td align="center" valign="middle"></td></tr><tr><td align="center">10</td><td align="center">CurveLP Budget</td><td align="center" valign="middle">5 years vesting</td></tr><tr><td align="center">10</td><td align="center">Phase 2 investors</td><td align="center" valign="middle">3 years vesting with 2 year cliff</td></tr><tr><td align="center">55</td><td align="center">User Rewards</td><td align="center" valign="middle">5.5% at year 1. diminishing 10% p.a.(i.e.4.95% for year 2) for 234 years</td></tr></tbody></table>

## What is veYBM? <a href="#what-is-veymwk" id="what-is-veymwk"></a>

A veYBM is a non-transferable token obtained by locking a YBM.

1 YBM = 1 veYBM for a lock of up to 4 years.

For a one-year lock, 1YBM = 0.25 veYBM.

Decays over time.

The lock period can be extended to a maximum of four years at any time, but cannot be shortened or cancelled.

### veYBM utility <a href="#veymwk-utility" id="veymwk-utility"></a>

Protocol fee \
YBM rewards \
Others TBD