Create Custom Token with Yearnlab backed by $YLB
Yearnlab is a second-generation yield farming protocol. Create your own token and staking pools.
How about, I tell you that you can now create your very own cryptocurrency and trade it. Imagine having your own cryptocurrency that people buy and sell. Also, please imagine the lucrative opportunities that come with it. Moreover, the value it adds to your business is beyond monetary value.
In Addition to all the monetary incentives you will get, imagine the moral aspect of it too, the sense of fulfilment, and enlightenment you get after having something that solely represents your brand.
All things considered, creating your own token has been made more excited by Yearnlab. Solely because of the perks that it will provide to its users to create their own token. These include, marketing support by $YLB, enjoy larger audience and lower cost.
As lucrative as this idea might seem to you, at this point you are probably wondering about expenses, Or maybe you are wondering, I don’t know enough about it, or I like this business idea but I’m not a technical person. You might also be reluctant about the lengthy process you will have to follow, or lastly but obviously not the least, you are probably wondering, this might be expensive.
Most of the time, it is appropriate to assume that something will cost you one of the two, your time or your money. All business people abide by this. However, there are exceptions. And, this article is about one of these exceptional platforms that will provide you both, quality and quantity. It will enable you to create your very own token with less to no technical background, plus, its also very pocket friendly. Moreover, your token will be backed by $YLB itself.
By now, you have most probably made up your mind about creating your own token and you are very curious about how to create one. So let’s get to the point.
Let’s say Charlie wants to create his own token. He’s very excited to create it and launch it. He has even decided the name of his token $CHR, quite cliché. Everything is streamline so far. But there is one problem, Yearnlab requires at least 15000 $YLB tokens which is equal to 1 BNB, for Charlie to create his own token. These funds can be unlocked at any time later on. But poor Charlie do not have the required funds to provide at the moment. Charlie really wants to create his token. So he asks family and friends to lend him some funds. Sadly, they refused. He has another idea; he will open an ICO or conduct a pre-sale of his token. Charlie is good at marketing, he has people who believe in the success of his brand, so they participate in his pre-sale. Luckily, he has arranged the required funds. Now he can simple buy BNB token from pancake swap.
So far, Charlie is all set to convert his BNB into $YLB tokens to meet the requirement and create his own token. Now it’s time for him to follow a few easy steps to create his token in less than 5 minutes
Now that Charlie has created his own token, there is more to it. He can create his own staking pool. However, he cannot create his staking pool directly. For that, he has to use his authority to participate in governance and create a poll. Other stakeholders will participate in this poll and the final result will be delivered to the administration for approval. Upon their approval, he can create his staking pool.
Charlie is smart enough to make the right financial decision. He created his own token and staking pool with Yearnlab, to enjoy lucrative benefits. He also knows that, though $YLB is constructed on Binance smart chain it will soon become compatible with Ethereum, Polkadot, Solana, AVAX, and Polygon. Are you smart enough to take the right step for your financial betterment?
- Website: https://yearnlab.com/
- White Paper: https://yearnlab.com/whitepaper.pdf
- Github: https://github.com/Yearn-Lab
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