Yellow Duckies Articles
What users of Yellow Finance think about Yellow Duckies: token overview, price predictions, market trends, technology review and updates. Read and share your thoughts, too!
Yellow Duckies (DUCKIES)
A Non-fungible Token (NFT) and Token Reward Platform Yellow Duckies (DUCKIES) Fact Sheet Yellow Duckies (DUCKIES) is a social interaction reward platform that enables its holders to get more tokens by inviting friends, completing daily quests, and engaging in other activities across the ecosystem. DUCKIES as a cryptocurrency and project is fully supported by the Ethereum Virtual Machine (EVM) compatible blockchains and is designed for growing live and vibrant communities. Each user can claim rewards in the form of the DUCKIES token, and after, they are sent to the user's cryptocurrency wallet, and all participants of the platform will be able to complete quests and grow their team. By doing so, they can gain access to far more valuable rewards. DUCKIES is a non-fungible token (NFT) and token reward program where all users are required to undergo the social account connection procedure and can consist of their Google, Facebook, or Twitter accounts, and after, they can use hot wallets to claim rewards. Through leveraging the DUCKIES cryptocurrencies, users can access exclusive NFT art, swap DUCKIES for other cryptocurrencies, show off merchandise, or redeem DUCKIES for digital goods. DUCKIES Historical Data Price Chart in the U.S. Dollars (USD) DUCKIES Historical Data Price Chart in the U.S. Dollars (USD). Source: CoinGecko What are Yellow Duckies (DUCKIES)? Yellow Duckies (DUCKIES) is a social interaction reward platform specializing in non-fungible tokens (NFTs) and aims to incentivize players with rewards for being a part of the ecosystem. Each player just needs to connect their hot wallet, and this can be just about any supported browser-based, app-based, or desktop wallet; afterward, they will be able to claim rewards. DUCKIES as a token enables users to get more tokens just by inviting their friends to join the ecosystem, and they can complete daily quests and engage with other activities and games available across the broader DUCKIEs offering. How are Yellow Duckies (DUCKIES) Used? Regarding the usability of the DUCKIES token, this is a cryptocurrency fully supported by Ethereum Virtual Machine (EVM) compatible blockchains. Furthermore, every user can claim rewards in the form of the DUCKIES token, after which they receive the tokens in their wallets. By being a part of the ecosystem and leveraging the DUCKIES cryptocurrency, users can gain access to exclusive NFT art, swap DUCKIES for other cryptocurrencies, showcase any of the merchandise that they have gained, or even redeem DUCKIES for digital goods. Use-Cases of Yellow Duckies (DUCKIES) A prize system is a pillar of the Yellow Duckies (DUCKIES) cryptocurrency and overall ecosystem. In order to get these prizes, each user can redeem DUCKIES tokens, which are spent directly from the non-custodial cryptocurrency hot wallet. These tokens fill the role of loyalty tokens, and these make each of the holders a part of the Yellow Network Community. DUCKIES are a part of this project and have exclusive digital art and hand-drawn non-fungible tokens (NFTs), and these will come out in various limited collections. Each of these NFTs can then be re-sold, transferred, gifted, swapped, and provide special abilities on the platform. There’s also the Burn-to-Redeem Algorithm, where any redeemed NFT action burns the token with a price set, estimated through up-to-date marketing conditions such as remaining supply. Burn-to-Redeem is a procedure where any time a user wants to redeem a reward, they need to burn a token with a price according to the market conditions, such as the remaining supply. Then there are the legendary NFTs. Aside from their rarity, these have a one-time magic superpower. These powers include: Burning tokens from a targeted wallet or all of them. Freeze wallets for a period of time. Clone or steal the NFTs of your choosing. Protect your wallet from ducking. The Duckies Referral Program Another way through which DUCKIES as a project stands out is due to the fact that it features a referral program. To get started with DUCKIES, here is what each user needs to do, step-by-step: Step 1: Each user will need to connect the social account they utilize daily, and this can be Facebook, Twitter, or Google. Step 2: They will need to connect their supported wallet, such as the MetaMask wallet, to yellow.org/duckies. Step 3: Each user will now need to follow the instruction to install any missing blockchain networks or switch to them if required. Step 4: They can now press the "Claim Rewards" button and ensure they confirm the transaction within the pop-up that will show up in the MetaMask wallet, and afterward, they will need to pay the fee. Step 5: Now, they need to wait for the transaction to be completed and find the updated DUCKIES balance at yellow.org/duckies and in the MetaMask wallet. Step 6: They can now redeem the DUCKIES tokens for prizes at the redeem prizes section. Whenever a person ends up referring to a friend within the overall ecosystem, they can receive up to 10,000 DUCKIES. The referral program has multiple levels, where the counters are a reference to the Referral program status. Whenever a user ends up inviting a friend, who has claimed their first reward, they reach Level 1. The bonus percentage is mentioned within each block, and any invited friend gets 10,000 DUCKIES, while the user responsible for inviting them gets 500%, which is 50,000 DUCKIES. Usability & Primary Features of Yellow Duckies (DUCKIES) DUCKIES gets utilized in a unique way. Specifically, users will need to pay a small amount of gas for the blockchain transaction to actually take place. The token is multi-chain, or in other words, it utilizes multiple different blockchain networks on top of which it can get created. When Level 2 is reached, each invitee gets 12,500 duckies instead; in other words, the bonus is 125%. DUCKIES as a project features a strict banning system, where all fraudulent accounts can be suspended, and their respective balances will be burned. This is done through the Proof-of-Liveness system. Protocol When it comes to the protocol used for the Yellow Duckies (DUCKIES) cryptocurrency, MATIC is used to sign the transaction if the Polygon network is utilized, ETH is used to sign the transaction if Ethereum is utilized, and BNB is used to sign the transactions within the BNB Chain if the network is utilized. Ledger DUCKIES is a multi-chain token that utilizes the ledger of all of its involved chains. These include Polygon (MATIC), Ethereum (ETH) and BNB Chain (BNB). Smart-Contract Support DUCKIES does have smart-contract support and can be leveraged across the broader Decentralized Finance (DeFi) sphere because the cryptocurrency is compatible with the Ethereum Virtual Machine (EVM). Tokenomics & Supply Distribution When it comes to tokenomics, based on the official whitepaper, the target supply for tokenomics is at 100 billion DUCKIES tokens per chain. The networks on top of which the cryptocurrencies will get released include Polygon, Ethereum, and the BNB Chain. Furthermore, the emission will be through Proof-of-Referral. Ducknomics are also defined by numerous parameters, such as rewards size, payment amount, target supply, magic NFTs, and so on, and all of this is governed by the Decentralized Autonomous Organization (DAO). Any community member can bring forward proposals for the Duckies community to vote on. Anyone can also initiate a vote and contribute to the project. Then we also need to take a look at the halving procedure. The Duckies halving occurs when the reward for the referral mining is cut in half. The halving occurs at the point in time when the token supply reaches a specific threshold. The halving policy counteracts inflation by maintaining scarcity, whilst the gameplay supports deflation. This can be influenced by the minted tokens by the community, marketing, and partnerships. When the total Minted Rewards Supply reaches 40 billion DUCKIES, the first halving occurs, and when it reaches 60 billion, the second halving occurs. This makes it harder to get DUCKIEs with time, and the project will never run out of tokens. Team & History Yellow Duckies (DUCKIES) has a solid team behind it, with years of experience in the industry, including: Louis Bellet - CEO of Yellow and idea generator behind Yellow Duckies (DUCKIES) Anastasia Bobeshko - Marketing and Product Lead Alex Khlopiachiy and Nadia Chumak - Lead Developer Ivan Osypchuk - Product Manager and BA Max Moskalenko, Max Pushkarov, Dmytro Steblyna, Ruslan Orkhan - Developers Pavlo Kucherenko - Quality Assurance Tester Mykola Shershen -Quality Assurance Tester Activities & Community When we look at the DUCKIES community, we need to understand that the Yellow Network created the project. When we go over the Yellow social media networks, we can see that: Yellow Network has over 42,650 members on the official Telegram group. Yellow Network has over 30,600 followers on Twitter. Yellow Network has over 4,170 members on Discord. Yellow Network has over 1.370 subscribers on YouTube. This gives us an indication that the Yellow Network community, and as a result of this, the Yellow Duckies (DUCKIES), is quite vast in terms of size. On-Chain Activity When we look at the on-chain activity for the token, based on the Polygon PoS Chain Explorer, we can see that there are a total of 94,061,768,306.8 DUCKIES across 238,762 addresses. Source: Polygonscan When we look at the on-chain activity for the non-fungible tokens (NFTs) on the Polygon PoS Chain Explorer, we can see that there are a total of 6,332 addresses as holders, with a total of 13,022 transfers. Source: Polygonscan Activities and Partners As a project, Duckies has a growth marketing strategy, where it implements community calls and partnerships with other communities to have joint quests, exclusive events, swapping options, and unique proposals. These tokens, however, can be subject to a 2-year vesting period and even halving. References & Reports References Yellow Network Official Telegram group. Yellow Network Official Twitter. Yellow Network Official Discord. Yellow Network Official YouTube. DUCKIES Official Whitepaper. Yellow Duckies Official Homepage Non-Fungible Token (NFT): What It Means and How It Works - Investopedia What Are Smart Contracts on the Blockchain and How They Work - Investopedia What Is Decentralized Finance (DeFi) and How Does It Work? - Investopedia Decentralized Autonomous Organization (DAO): Definition, Purpose, and Example - Investopedia Ethereum virtual machine (EVM) - Ethereum.org Documentation Polygon - Homepage Ethereum - Homepage BNB Chain - Homepage Market Reports CoinGecko Polygonscan - Tokens Polygonscan - NFTs
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