YAM V2 is one of the fastest rising coin in the cryptocurrency market and has been on surge lately.
For those that lost out when Bitcoin, Ethereum, Dogecoin all had a quick run up, will want to learn more about the token and study the reviews. On this article, we will review YAM V2 by listing the pros and cons.
Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.
About YAM V2
What is YAM V2?
Yam’s upcoming protection protocol is designed with these factors in mind, featuring perpetual ERC20 streaming coverage, immutable coverage pools, and a permissionless pool creation process that allows for customization and iteration over time.
Throughout DeFi’s history, smart contract exploits have been a constant threat to the ecosystem, and it’s become clear that new risk management solutions must be created to supplement security audits. These solutions should be DeFi native, leveraging Ethereum’s unique capabilities, operating as open and permissionless, and balancing decentralized governance and immutability.
YAM V2 Supply
There are 3,726,411.00 YAMV2 in supply.
Pros and Cons of YAM V2
Pros of YAM V2
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
Cons of YAM V2
- The coin is still under research and developments
- Multiple issues with its synchronizations between ledgers
- Unavailability of project whitepaper
- Not listed on exchanges
- No Github profile
- They have no reddit acount
- No Bitcointalk thread created
- No traceable features on tradingview
Is YAM V2 Legit or Scam?
A cryptocurrency project requires you to part with your hard earned cash in order for you to become successful. You expect some level of transparency and professionalism from a project or the team that is asking for your money.
According to research and reviews, YAM V2 have a very weak back up for the token they produce. Their public profiles are vague therefore making it difficult to determine their level of transparency.
Make personal research on the coin, visit coin’s official website.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about YAM V2 on the comment section below. Don’t forget to rate and leave a review.