The You Only Live Once app works pretty transparently. You can place bets at any time, however the countdown will be reset. Destaking can also be done at any time. However, each pool has different penalties for removing your funds from the liquidity pool. In the agreement, the amount of remuneration can be changed by the owner of the agreement. This will be used for DAOs in the future.
Contents:
Description of the You Only Live Once
You Only Live Once — a community project, primarily focused on securing the blockchain. It offers security auditing, advertising and liquidity mining.
Features of the pools:
| 1 | The weekly pool has the lowest penalty for deleting your funds, however, this pool is considered the least risky and, therefore, receives the lowest reward. Penalty for early withdrawal of funds on a weekly basis is 10%. The allocation will change weekly as people will be required to invest in new pools. |
| 2 | The monthly pool is intended for medium-term investors. Thus, it is much higher than the weekly pool, but the early withdrawal penalty is also higher. Early withdrawal penalty 35%. The distribution changes monthly. |
| 3 | The annual pool is intended for long-term investors. Early cancellation fee - 50%. The distribution for this pool is the highest, as is the risk. |
You Only Live Once developers are planning to create an advertising network. This ensures that the tokens are bought and transferred for further growth to the DAO fund. You can come and list your project completely free of charge, but there are plans to make a small payment to the DAO in the future.
The DAO has no "owner". DAO's spending is currently being monitored by the $ YOLO CORE team, which are essentially the most active members of the community, making donations and promoting the project.
More about smart contract and social networks
On the website, you will find an introductory WhitePaper document. With its help, each participant can study the project in more detail. Also, a short description is on the main page. The RoadMap section marks future updates.
From social networks, the community leads:
- twitter;
- telegram;
- discord;
- reddit.
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