(4 votes, average: 4.25 out of 5)
Loading...Yellow Clearing Network is a Layer-3 P2P protocol that uses state channels to facilitate trading and settlement through smart clearing. $YELLOW, the token powering the first ever decentralized clearing system.
Yellow Network solves the problem of genuinely decentralized trading by allowing participants to swap assets across different exchanges without having to rely on block creation. This brings all parties, exchanges, blockchains, and trading firms together, creating a network of brokerages and allowing for a more efficient trading infrastructure.
Yellow Network embodies a decentralized Layer-3 peer-to-peer mesh network allowing brokers to communicate, trade, and aggregate the liquidity of connected nodes.
Powered by state channel technology, it enables real-time settlement between brokers on top of a blockchain, thus enabling cross-chain trading without the need to bridge assets.
They’ve Raised $10M from ConsenSys, GSR, Gate Labs, MathWallet, Chris Larsen (co-founder of Ripple) & others.
Yellow just launched season 1 of their testnet where you can earn points and Your points will be converted into $YELLOW Tokens. Let’s dive in!
Step by Step Guide
Setup Account
– Visit: Yellow Vault
– Click the ‘’Connect Web3 Wallet’’ button.
– Use your google account (or any choice) to sign-up.
Daily Points
– Click Season 1
– Claim Daily Points in the right top cornor of the screen.
Quests
– On the same page click the quest tabs.
– Once quests are available, complete tem.
– Turn back regulary to find new quests.
Referral program
– Besides the quests, you will find your referral link.
– Copy the link and share it with your friends.
Lock
– On top of the page you find the funds lock.
– If you want, you can deposit some funds to get more points but we do not recommend this.
– The project is in the very early stage.
Community
– To stay informed about the upcoming Quests and new activities.
– Join their discord: https://discord.com/invite/yellownetwork
That’s all for now. We hope you find value in this guide.
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Yellow is a bright color!
nice
was going well but now the daily is failing to work