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SUSHI used the YAM mining mode to attract 350 million US dollars in 17 hours



Today I will share the hottest sushi in the past two days, and simply understand SUSHI = YAM + YFI + FCoin + uniswap.

MINISWAP = Fcoin + uniswap.

FCoin has become a thing of the past, Fcoin's mining and dividend model is still going on, and it is continuing to be staged in DEX. Who can perform better? SUSHISWAP or  MINISWAP.

1. Hot Sushi

The first time I saw Sushi was on OKEX CEO’s Twitter.

At that time, I probably looked at it, and saw that the page was very similar to YAM. In the past two days, I started mining, and the high profit of mining attracted a lot of funds. After 17 hours of going online, the locked-up funds reached 350 million dollars.

Sushiswap launches free limit order function: On February 15th, Sushiswap officially tweeted that Sushiswap launched a free limit order function on Ethereum and Polygon, users can buy or sell at a specific price point without continuous monitoring market. [2022/2/15 9:53:27]

Is it a bit crazy when YAM was first launched? Of course, the price of SUSHI tokens is also crazy. According to coingecko data, the price of SUSHI tokens peaked at $168, and now it has fallen to around $1.

For mining projects, buying is equivalent to receiving orders, and most of them are mining and selling. The question is, what exactly is SUSHI? Why is it so hot?

2. SUSHI innovation: YAM + YFI + FCOIN

Sushi's total lock-up volume on Polygon reaches $1 billion: SushiSwap said on Twitter that in less than a month, Sushi's total lock-up volume on Polygon has reached $1 billion. [2021/6/3 23:08:17]

At first, I thought SUSHI was an imitation of YAM, but after a closer look, I found that it is a DEX exchange.

SUSHI has done one thing, which is to distribute tokens by combining YAM mining, combining YFI’s concept of no private placement and no pre-mining, and FCOIN’s token dividend model.

The last thing to do is to dry uniswap.

3. SUSHISWAP = YAM + YFI + FCOIN + uniswap

SUSHI breaks through the $16 mark with an intraday increase of 7.31%: According to data from Huobi Global, SUSHI rose in the short term and broke through the $16 mark. It is now reported at $16.01, with an intraday increase of 7.31%. The market fluctuates greatly, so please do a good job in risk control. [2021/2/12 19:34:51]

1. Combining YAM mode

The issuance mode of SUSHI, a platform currency, adopts the mortgage mining mode of YAM. It is easy to understand if you know YAM.

To put it simply, speaking of funds, whoever mortgages a large amount of funds will get more SUSHI tokens. There is no shady, and it is all executed on the chain.

The benefits of this model are very beneficial to the cold start of the project. Everyone has already seen this. The 17-hour lockup volume reached 350 million US dollars, attracting all kinds of attention from the market.

In 2017, various airdrops were carried out in order to obtain users when the project was launched; now it seems that in 2020, it is a good way to engage in various capital mining in order to obtain users when the project is launched.

SUSHI broke through the $9.8 mark, with an increase of 20.88% within the day: according to data from Huobi Global, SUSHI rose in the short term, broke through the $9.8 mark, and is now at $9.8, with an intraday increase of 20.88%. The market fluctuates greatly, so please do a good job in risk control. [2021/1/31 18:29:33]

2. Combined with YFI mode

YFI has no private placement, no pre-sale, and no team reservation. On this point, SUSHI has not learned thoroughly, and 10% of SUSHI's release is reserved for development and future iterations.

If a project team has no token rewards, where is the incentive to perform updates? Therefore, for projects with no private placement, no pre-sale, and no team reservation, you can meet them but not ask for them.

The output of SUSHI tokens, in the first 100,000 blocks (about 2 weeks), each block produces 1,000 SUSHI. After that, 100 SUSHI will be produced in each block. This means that the total amount of SUSHI is unlimited.

3. Combined with FCOIN mode

Provide liquidity on Uniswap, and only earn transaction fees for the fund pool when liquidity is provided. Once the funds are withdrawn, there will be no returns.

Provide liquidity on SushiSwap, and the provider will be rewarded with SUSHI tokens. What is the role of SUSHI tokens? dividends.

SushiSwap’s transaction fee is 0.3%, of which 0.25% is given to liquidity providers and 0.05% is allocated to SUSHI token holders.

DeFi players have started to directly distribute dividend tokens from governance tokens.

Holding SUSHI tokens can get SUSHISWAP transaction dividends, but the problem is that SUSHI tokens have been inflating, so holding SUSHI tokens, the market share is getting smaller and smaller.

SUSHISWAP and MINISWAP also added the FCOIN model to uniswap, what is the difference?

4. MINISWAP = Fcoin + uniswap

SUSHISWAP's model of combining YAM and YFI has achieved good publicity in the online phase. However, the price of SUSHI currency is also fluctuating thousands of miles. With the continuous release of SUSHI tokens in the future, can SUSHI receive dividends to catch up with the drop in the price of SUSHI currency? This is a very worthwhile question.

Of course, the new gameplay of SUSHISWAP is worthy of attention.

On MINI, its Fcoin transaction is the mining mode: Liquidity providers and traders, respectively get the equivalent of MINI tokens for transaction fees.

Compare the FCOIN modes of SUSHISWAP and MINISWAP:

1. Limited to unlimited: There is no upper limit for SUSHISWAP tokens, which will be issued every day; the upper limit for MINISWAP is 1 billion;

2. The difference in dividends is 3 times: 0.05% of the SUSHISWAP service fee is distributed to SUSHI token holders; 0.15% of the MINISWAP service fee is distributed to MINI token holders.

It also adopts the FCOIN transaction mining mode, unlimited to limited, 0.05% to 0.15% dividends. It will be interesting to see who wins.

Another point worthy of attention is the future governance of the project. It has become a trend for DeFi projects to go in the direction of DAO governance. Who can go deeper and further in DAO governance is a variable.


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