Ycash Is Coming to Ethereum and Binance Smart Chain

The Ycash Foundation will launch ERC-20 tokens representing wrapped Ycash on both Ethereum and Binance Smart Chain

James Tissot, “Departure of the prodigal son” (1863). Oil on canvas. Petit Palais, Paris, France.

Announcement

I am excited to announce that the Ycash Foundation will launch ERC-20 tokens representing “wrapped” Ycash on both Ethereum and Binance Smart Chain by January 15, 2021. These tokens will enable Ycash holders to use Ycash with Decentralized Finance (DeFi) applications like Uniswap on Ethereum and PancakeSwap on Binance Smart Chain.

Motivations

More Ways to Buy and Sell Ycash

We have faced difficulties getting Ycash listed on additional centralized exchanges. Many centralized exchanges charge exorbitant listing fees, and the top-tier centralized exchanges that do not charge listing fees are not as eager to list coins with smaller market capitalizations like Ycash as they were in, say, the 2016 and 2017 timeframe.

More Ways to Use Ycash

wYEC has the potential to give Ycash users exciting new ways to use Ycash:

  1. As DeFi lending markets evolve, wYEC could eventually allow Ycash users to use their Ycash holdings as collateral for loans.
  2. Similarly, future DeFi lending markets could eventually allow Ycash users lend out their Ycash and earn interest.

More Users

In order for Ycash to reach its full potential, we need A LOT of new Ycash users. By enabling new ways to acquire Ycash and new ways to use Ycash, I believe that wYEC has the potential to bring new users to Ycash (especially users interested in DeFi).

Join Us

I invite you to join the ranks of Ycash users in advance of the launch of wYEC. I will be hosting several live discussion sessions leading up to the launch. Follow the YcashFoundation on Twitter to be notified of these sessions.

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