YOLO — a simple, instant and decentralized way to exchange digital assets on the EOS blockchain. YOLO is implementing the battle-proven Kyber liquidity protocol on EOS with the clear goal of increasing liquidity and usability for EOS-based projects, and ultimately for ETH-based projects.
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Brief information about the YOLO platform
YOLO - a decentralized exchange that aims to enable the exchange of tokens on the EOS network. It is designed to be used by everyone from novice to advanced users. The exchange of tokens for YOLO is pretty straightforward. There are no order books and intermediate tokens here. The project is safe as it runs on the blockchain. No required deposits, trading is going on from your own wallet.
Distinctive features of the exchange:
| Fast transaction speed | The minimum transaction time on the EOS blockchain allows you to make the purchase of a token faster than you usually spend reading the terms of the agreement. |
| Simplicity | An accessible interface and rules allow even beginners in this field to use the project. |
| Say goodbye to deposit and packaging | Trade directly from your wallet or even directly from your DApp in a secure way. |
YOLO intends to solve the problems, encountered in centralized exchanges by using the Kyber protocol. Users complete a transaction from their wallet in one transaction. YOLO uses an on-chain pricing model to find the best rate, offered by a range of reserves, and the trade is executed instantly.
Why choose this dapp project
To understand the essence of the project, as an example, consider the large trading exchanges that sell goods. Several sellers are listing the same item, but you are buying from the one who offers the best price. The same thing happens with tokens on the exchange.
YOLO's flexible system architecture allows multiple sources of liquidity (reserves) to offer competitive rates. An intelligent market creation algorithm guarantees very attractive market prices for the desired token. Other benefits:
- seamless integration;
- unhindered exchange of tokens;
- cross-chain functionality.
Kyber's long-term goal has always been to provide easy and secure access to any token, anywhere.
There is no referral system and other bonuses here. There is also no White Paper, but there is a blog, where the developers publish news, related to the project. To stay up to date with updates and get quick feedback, subscribe to the community on Telegram (over 200 readers) and Twitter (1300 readers).