How to buy/sell YAM (Yam Finance) on Huobi Cryptocurrency exchange?

YAM (Yam Finance)

YAM is a digital currency with flexible supply, which will expand or contract according to market conditions.

The initial price of 1 YAM is 1 USD.

How to buy YAM (Yam Finance) on Huobi?

Follow the easy 4 steps below to buy YAM (Yam Finance) on Huobi.

1. Register a Huobi Global account
   Provide an email address, create a username, and choose a secure password.
2. Verify your account
   After registering and verifying, all you need to do to buy Bitcoin is to provide your name, date of birth, country/region and phone number. For verification information, see the verification documentation.
3. Deposit in fiat currency or cryptocurrency
   To deposit cryptocurrency, you only need to check the encrypted address on Huobi Global and send funds to that address. There are many ways to use fiat currency to fund your account for transactions, including credit cards, cash, and other cryptocurrencies.
4. Start buying Bitcoin on Huobi
   Once your fiat currency or cryptocurrency is in your account, you can start buying Bitcoin. Through your Huobi Global account, you can get trading charts, 24-hour global customer support, and YAM (Yam Finance) derivatives trading.

Huobi Official Website

What is YAM (Yam Finance)?

As a fair start, community-driven and operated decentralized autonomous organization (DAO), Yam Finance was born at the intersection of decentralized governance and programmatic financial development. The Yam team is currently working on creating a cutting-edge DeFi product series:

Synthetic derivatives platform: “Degen Derivative Finance” (Degenerative Finance)

DAO Treasury Asset Management Solution: “DAO House Asset Management” (DAO House)

Insurance provision platform that does not require access permits: “Umbrella Protocol” (Umbrella Protocol)

The base adjustment mechanism (Rebasing) originally designed for YAM tokens has been officially cancelled after being voted by the community in December 2020. As the governance token of Yam Finance, YAM no longer has the function of base adjustment (Rebase).

At the beginning of the launch, users participate in mining activities by staking cryptocurrency assets on Yam Finance’s official website, and obtain a corresponding amount of YAM token rewards at the height of each block according to the pledge ratio. There is no pre-mining behavior in the token distribution stage, and the founding team and early investors also follow the same distribution principle. Through this issuance method, the fair distribution of YAM tokens and the decentralized holding of the community are ensured.

Currently, most YAM tokens have been released and distributed. Before September 2022, 12,500 YAM will be minted every week for liquidity provider rewards.

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