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YAM Price (YAM)
$0.108097
9.23%
YAM Price Chart (YAM/USD)
Last updated 22 Jun 2022, 09:10AM UTC. Currency in USD.
Markets
| # | Exchange | Pair | Price | Spread | Volume(24h) | Trust |
|---|---|---|---|---|---|---|
| 1 |
 MEXC Global |
YAM / USDT | $0.11809600 | 2.18% | $140,324 | |
| 2 |
 Gate.io |
YAM / ETH | $0.11397700 | 2.30% | $25,324 | |
| 3 |
Gate.io |
YAM / USDT | $0.12080000 | 0.17% | $22,849 | |
| 4 |
 Bibox |
YAM / USDT | $0.24843900 | 0.24% | $6,831 | |
| 5 |
 Huobi Global |
YAM / USDT | $0.12011900 | 2.74% | $1,219 |
YAM Price Statistics
- YAM Price Now $0
- 24h Low / 24h High $0 / $0
- Trading Volume $12,654
- Market Cap Rank #1639
- Market Cap $1,542,630
- Volume / Market Cap 0.0082
-
All-Time High
$41 -99.74%
Sep 19, 2020 -
All-Time Low
$0 12.30%
Jun 18, 2022
YAM Cryptocurrency: A Brief Overview
Introduction
The world of digital currencies continues to evolve at a rapid pace, with more and more cryptocurrencies appearing in the market. One such cryptocurrency that has gained attention in recent times is YAM. This article will provide a simplified overview of YAM cryptocurrency, its features, and its potential.
What is YAM?
YAM is a decentralized cryptocurrency built on the Ethereum blockchain. It was launched in August 2020 and gained popularity due to its unique approach to governance and its emphasis on community participation.
Key Features of YAM
YAM stands out from other cryptocurrencies due to its elastic supply and on-chain governance system. The protocol automatically adjusts its supply based on market demand, aiming to maintain a price target of 1 USD per YAM token.
Furthermore, YAM employs a decentralized governance model that allows YAM token holders to actively participate in decision-making processes. This ensures that the community has a say in the protocol's development and evolution.
The Rise and Setbacks
Shortly after its launch, YAM experienced significant growth, with its market capitalization reaching millions of dollars. However, a critical flaw in the protocol's code was soon discovered, leading to a rapid decline in value. This incident highlighted the risks associated with decentralized finance (DeFi) projects and the importance of thorough audits before deployment.
The Road Ahead
Despite the setback, the YAM team responded swiftly, conducting audits and implementing improvements to mitigate future risks. YAM has relaunched with enhanced features and higher security standards, aiming to regain user confidence and maintain its mission of becoming a stablecoin alternative.
Conclusion
YAM is an innovative cryptocurrency that offers unique features and a community-driven governance system. However, it also serves as a reminder of the challenges and risks that come with DeFi projects. As the crypto landscape continues to evolve, it will be interesting to see how YAM further develops and whether it can achieve its goal of providing a stablecoin alternative in the market.