The Differences Between Y5 Wealth Token and Y5 Trader Token
With the introduction of the Y5 Trader Token, there seems to be some confusion within our community. This article will clearly define the differences between the Y5 Wealth Token and the Y5 Trader Token, and provide you with the information you need to feel informed about investing in Y5 Finance.
Y5 Wealth Token (Y5WT)
The Y5 Wealth Token (Y5WT), as it is now called, is the original token that was launched in January 2022. As we progress forward with our roadmap, the Y5WT is now taking its place as the center of the Y5 Finance ecosystem, with all net profits from Y5’s several other revenue-generating utilities being fed directly into it via BuyBack and Burn.
Owning Y5WT is similar to owning shares in Y5 Finance; it’s meant to be held for the long term and provide passive income for its holders in the form of Binance-Pegged USD (BUSD) raised from 13% of the 20% token tax.
In order to see profit from the sale of the Y5WT, the 20% buy and sell tax would need to be taken into account, a factor that deters investors from using the Y5WT as a day trading token. Further information about the Y5WT is shared below:
It lives on the Binance Smart Chain and is paired with BNB (BEP20).
It is a hyper-deflationary token with a total supply of 1 Quadrillion (that’s a 1 with 12 zeros).
As of June 2022, the circulating supply is approximately 850T (~150T tokens have been burned)
The token tax is 20%, 13% of which is returned to Y5 holders in the form of BUSD.
The other 7% is divided between: 4% BuyBack and Burn, 2% Marketing, 1% to Liquidity Pool
As of June 7th, 2022, there are 4,890 individual wallets holding Y5 Wealth Token.
Y5 Trader Token (Y5TT)
The Y5 Trader Token (Y5TT) is the new kid on the block, and it’s got big plans. The Y5TT was launched in early May 2022 and is the most recent revenue-generating utility within the Y5 Ecosystem. With a 3% tax on Decentralized Exchanges (DEX) and a 1% on Centralized Exchanges (CEX), it creates a great attraction to day traders who will be able to profit from smaller swings in price.
With the launch of the Y5 CEX, the Y5TT will be an integral part of the exchange. It will serve as a trading pair for new and established tokens alike. Looking further ahead, the Y5TT will be the native token supporting the Y5 Blockchain (Y5TT will be to Y5 what BNB is to Binance). Lastly, and most importantly, the Y5TT will contribute to the BuyBack and Burn of the Y5 Wealth Token. Further information about the Y5TT is shared below:
Like the Y5 Wealth Token, the Y5 Trader Token lives on the Binance Smart Chain and is paired with BNB (BEP20).
Y5 Trader Token has a static supply. There is no future plan to decrease or increase the number of available tokens.
The total supply began at 150m tokens, this has been reduced for a current circulating supply of 6m tokens.
The token tax on Decentralized Exchanges is 3%: 1% to liquidity, 1% BBB of Y5 Wealth Token, 1% BUSD rewards
The token tax on Centralized Exchanges will be 1%: 0.8% to BBB of Y5 Wealth Token, 0.2% to liquidity.
As of June 7, 2022, there are 1,400 individual wallets holding Y5 Trader Token.
If you have any further questions about the differences between the Y5 Trader Token and the Y5 Wealth Token, do not hesitate to contact our team of Moderators on Telegram or Discord.
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