YFDAI FINANCE

SafeSwap Governance Token (SSGT)

SafeSwap Governance Token (SSGT)

The SafeSwap Governance Token (“SSGT”) is instrumental to achieving YFDAI’s vision of being the most complete DeFi ecosystem in the industry.

SSGT enables bottomless liquidity on SafeSwap, streamlines governance voting, attracts top crypto projects to list on SafeSwap (YFDAI’s decentralized exchange), provides YF-DAI holders allocation boosts in LaunchPad pre-sales, can be farmed,and SSGT can be staked to earn 72% APY.

YFDAI governance will become increasingly decentralized and open, meaning that all core stakeholders will be able to participate in the governance of the project through voting. This will now be achieved through SSGT which grants voting power and is the heart of our governance system.

SSGT Utilities:

  1. DAO Governance: 2500 SSGT required to vote on critical YFDAI business decisions
  2. Staking Rewards: SSGT staking rewards 72% / year
  3. SafeSwap Liquidity Rewards: Liquidity Providers can use LP tokens to earn SSGT
  4. Pre-sales Bonus: Staking or farming an equivalent amount of SSGT as YF-DAI (ratio of 1250 SSGT to 1 YFDAI) for at least 60 days will increase your pre-sale allocation when participating in YFDAI LaunchPad-based projects.

Tokenomics

The SSGT tokenomics ensure that there will be plenty of liquidity on SafeSwap as well as rewards for YF-DAI holders committed to the project. The maximum token supply for SSGT is 210 million tokens.

The full SSGT tokenomics can be reviewed here: SSGT Full Tokenomics Detail

SSGT Distribution

SSGT conducted a pre-sale and public sale in May 2021. Detailed token metrics and distribution schedules can be found in our full SSGT tokenomics link above.

SSGT is 210 million tokens.The full SSGT tokenomics can be reviewed here: SSGT Full Tokenomics DetailSSGT Distribution [Header]SSGT conducted a pre-sale and public sale in May 2021. Detailed token metrics and distribution schedules can be found in our full SSGT tokenomics link above. Eligible YFDAI token holders, farmers and stakers will receive a SSGT airdrop over a 6-month vesting period from the token generation event (“TGE”) of SSGT that took place on May 26th.

SSGT airdrop and bonus requirements detailed in Part 2 of the SSGT Deep Dive on Medium.

Where to Purchase

SSGT can be purchased on three decentralized exchanges at this time (SSGT/USDT):

QuickSwap
Uniswap
SafeSwap

SSGT is listed on:

CoinMarketCap
CoinGecko
DEXTools

Benefits, Uses and Key Takeaways of SSGT

Learn more about SSGT through our detailed SSGT Deep Dive on Medium.

Part 1: Tokenomics and Pre-Sale Details
https://yfdaifinance.medium.com/ssgt-in-depth-analysis-tokenomics-and-pre-sale-details-3940edc3b20b

Part 2: Airdrops and Loyalty Bonuses
https://yfdaifinance.medium.com/ssgt-in-depth-analysis-airdrops-and-loyalty-bonuses-ef429233b00

Part 3: Token Utilities, NFT Rewards, and Governance
https://yfdaifinance.medium.com/ssgt-in-depth-analysis-token-utilities-nft-rewards-and-governance-441aa351307e

Part 4: Summary and Key Takeaways
https://yfdaifinance.medium.com/ssgt-in-depth-analysis-summary-and-key-takeaways-701af8ec9374

SSGT FAQ

Here at YF-DAI we are fortunate to have an engaged and growing community. The comprehensive FAQ below is an example, gathered from questions asked so far about SSGT.

There’s a good chance that if you have any questions, you’ll find an answer below.

  1. Will the pending rewards be counted for airdrops?
    Pending rewards need to be claimed for them to be included in the snapshot.
  2. What should I do to participate in the pre-sale?
    Get YF-DAI and stake it, as this grants you access to the presale, both for SSGT and other presales.
  3. Will there be an airdrop multiplier if I stake / farm for more than 30 days?, and is there a minimum amount of YF-DAI that I need to have to be eligible for the airdrop?
    Yes, if after the snapshot you do not remove YF-DAI tokens from staking and farming between monthly snapshots you will be rewarded with an additional 10 % at the end of the 6 month period (paid out over 3 months). All YF-DAI holders, stakers and farmers can participate in the airdrop, irrespective of the amount of YF-DAI they hold.
  4. Will participation in the pre-sale be guaranteed or by lottery?
    There will be 2 rounds. The first round will be a guaranteed allocation with a 24 hour purchase window. The second will again be a whitelisted sale on the Launchpad.
  5. What will happen to my loyalty bonuses if I use the same wallet used for SSGT presale, keep the presale token (without selling) until I receive the airdrop then sell only my presale token thereafter?
    In order to receive the loyalty bonus the SSGT balance of the wallet is not allowed to drop between monthly snapshots. It is advisable to create separate accounts in your wallet and use one for holding to maximize rewards and another for trading.
  6. What is the initial price of SSGT?
    LaunchPad pre-sale price: $0.05
    LaunchPad public sale price: $0.075
    Uniswap, SafeSwap and QuickSwap listing price: $0.075
  7. How many coins can I buy if I participate in the pre-sale?
    Staking or farming YF-DAI is the only way to qualify for LaunchPad pre-sales. The amount of SSGT you can buy during presale will be calculated based on the amount and length of time you have been staking or farming YF-DAI. The maximum amount will be displayed in the launchpad DAPP.
  8. I’m staking 1.2 YF-DAI for over 2 months without reducing my initial deposit. How much SSGT will I be able to purchase in Presale?
    The more YF-DAI you have staked or farmed, the higher the allocation of SSGT you will be able to purchase in the pre-sale. Our standard multipliers will apply to the SSGT pre-sale based on the time that you are staking and/or farming. As such you would have a standard allocation x 1.25.
  9. How will the airdrop multiplier work?
    If you own and farm/stake YF-DAI before the 9th of March you will receive the largest SSGT airdrop, and if you begin farming/staking after the 9th of March, you’ll receive a smaller airdrop. After the 16th, you will receive no airdrop. On top of this are the multipliers. If during the 6 month distribution period you don’t unstake or remove LP tokens from any pool then you will be eligible for a 10 % SSGT distribution bonus.

    If you hold SSGT in your wallet and do not sell, reduce or transfer tokens from your wallet for the 6 month distribution period you will be eligible for a 5 % SSGT bonus.

    If you achieve both bonus 1 & 2 then you are eligible for a share of the $100,000 Last Man Standing reward. For those only staking and farming they will automatically receive the second bonus. If you hold YF-DAI outside of staking / farming then you will receive the bonus only if you do not reduce the amount you hold.
  10. How often will snapshots be taken?
    The first one will take place on the 9th of March, and the second on the 16th of March.
    Subsequent snapshots will take place every calendar month for 6 months from March 16th.
  11. If Snapshots are taken monthly, what is to stop someone from selling and then buying back in before the next snapshot?
    Nothing. At the time of the next snapshot you need to have equal or more YF-DAI in the wallet to maintain your bonuses.
  12. After the 16th March snapshot cut off if I sell the YF-DAI in my wallet will I still get the first month’s SSGT pro-rata airdrop amount? Or will another snapshot be taken (16th April) to confirm I still hold the same amount of YF-DAI?
    No, if you sell the YF-DAI in your wallet after the cut off, you’ll forfeit the opportunity to claim the first month’s SSGT airdrop amount. If you happen to sell some YFDAI during the airdrop period (over the 5 months after the first airdrop), you will forfeit your next month’s airdrop until you restore your balance to what it was prior to selling any YFDAI you have.
  13. What will the whitelisting requirements be for the Private Pre-sale and Public Sale of SSGT?
    All wallets staking and farming YF-DAI are whitelisted for the presale. For the public sale there will again be a whitelisting procedure and the sale will also be on LaunchPad.
  14. What is the claim delivery mechanism for SSGT, Airdrop or claim on site?
    Claims will take place via the launchpad DAPP over a period of 6 months according to the vesting schedule.
  15. After I buy SSGT in the pre-sale will selling affect my Airdrop allocations and bonuses?
    Airdrop allocations are determined before the presale and would not be impacted. If you buy SSGT during the presale and later sell it your bonuses won’t be impacted as long as you don’t go below the initial determined SSGT quantity. In order to avoid accidentally losing your bonuses, we would advise you to use a trading account for trading, and a seperate account for staking or farming to keep the funds separate.
  16. Are there any restrictions in terms of selling on purchases made during a presale and a public sale?
    You are free to sell purchases made during the presale as soon as you would like, following the lines of the distribution schedule (25% unlocked and provided at TGE and 15% per month thereafter). You are free to sell purchases made during the public sale (on uniswap and safeswap) anytime as 100% of the tokens are unlocked at TGE. If you would like to receive a loyalty bonus, ensure that the number of SSGT in your wallet does not fall below the initial airdrop allocation amount.
  17. Will using SSGT to stake in the DAO or farm affect my Airdrop allocations and bonuses?
    No, staking and farming SSGT will not impact allocations or loyalty bonuses. Loyalty bonuses would be impacted if the monthly snapshot were to determine that your wallet has fewer SSGT than was originally allocated.
  18. Can you provide an example of how or what is the best strategy for getting the max allocations and all bonuses?
    The best strategy for getting max allocations is to stake or farm your YF-DAI, then to stake or farm your SSGT as it is received. If you participate in the SSGT presale, stake or farm the SSGT as soon as you receive it. To avoid losing your loyalty bonus, ensure that the amount of SSGT in your wallet does not go below what you were initially allocated.
  19. Can you provide an example of how multipliers work with a % bonus calculation?
    Please refer to the medium articles for examples.
    - https://yfdaifinance.medium.com/ssgt-in-depth-analysis-tokenomics-and-pre-sale-details-3940edc3b20b
    - https://yfdaifinance.medium.com/ssgt-in-depth-analysis-token-utilities-nft-rewards-and-governance-441aa351307e
    - https://yfdaifinance.medium.com/ssgt-in-depth-analysis-airdrops-and-loyalty-bonuses-ef429233b00
  20. Can I get airdrops for YF-DAI that I hold on an exchange?
    No. You can only receive SSGT airdrops for YF-DAI that are held in your wallet or those which are in YF-DAI’s farming or staking contracts. The exchanges will not be receiving SSGT airdrops.
  21. If I decided to Stake/Farm my SSGT Airdrop after having received the First/Second one will that terminate my Loyalty Bonus
    No, that will not affect your loyalty bonus.

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