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$YOINK Token

Initially 333,333 $YOINK was issued on the XRPL. This was airdropped to those who set the Trustline, by the deadline and distributed based on $XRP holdings.

Clawback is set on $YOINK, as per the XRPL ammendment: https://xrpl.org/clawback.html
This means as the issuer, we are able to retrieve tokens from user wallets, YOINK!

Set Trustline - Sologenic DEX - XPMarket

The YOINK Game

As a meme token, we have designed a fun and engaging way to utilize the Clawback Amendment
Once an hour, a Yoinking commences following these rules:

Anyone holding less than 1 $YOINK & more than 0, will have their $YOINK clawed-back (YOINK!) This is permanently removed from supply.
33 Wallets will have 1 $YOINK yoinked from their holdings (GET YOINKED!)
One lucky holder will receive 33% of Yoinked Holdings!
Team & Community wallets share 33% of Yoinked Holdings!
The remainder (34%) is permanently removed from the supply!

Open Source

We have had many community questions about open sourcing our tools & the Yoinking code.
We will be doing this in parts, first showing how clawback works, and then releasing the Yoinking code in full when it has reached its final stages (post $YEET launch)

YOINK & YEET

$YEET Token

YEET is the sister token to YOINK. It does what YOINK cannot, but those who YEET to hard, may be YOINKED!

Set Trustline - Sologenic DEX - YOINK/XRP - Sologenic DEX - YOINK/YEET - XPMarket

Initially 300,000 $YEET was issued, 90% of YOINK.
YEET can only be obtained via the DEX, permanent offers will allow $YOINK holders to swap $YOINK for $YEET at .985 Exchange rate.
This means you could sell 10 $YOINK and you would receive minimum 9.85 $YEET. Permanently forever.
There is also a permanent offer in the opposite direction Sell 10 $YEET, receive 9.85 $YOINK.

This ratio has changed recently due to community feedback and the introduction of Trade power!

Through these permanent offers, both YEET & YOINK will slowly deflate in circulating supply. The excess will sit in the YOINK2YEET / YEET2YOINK wallet and will be used for burn events in future.

Why would I YEET?

Why wouldn't you?

YEET does not have clawback set - it's a safe place to hide some $YOINK
Because YEET does not have Clawback set, it will be posible to use YEET in the upcoming AMM Amendment
Holding Less YEET thank YOINK, but more YEET than 0 decreases your chances to be YOINKED!
The above reasons and more, will present interesting arbitrage opportunities in future

YEET/YOINK Ratio

It is important that one does not over YEET themselves, as such we have added some additional rules that affect the YOINK game.
If you hold less YEET thank YOINK, (but more than 0) you have less chance of being YOINKED than someone with only YOINK.
BUT, if you hold more YEET thank YOINK (and more than 0 YOINK), you have MORE chance of being YOINKED.

Each YOINK holder, is given a "weighted chance" to be picked.

Hold only YOINK, your Weighted chance is 1
Hold More YOINK thank YEET your weighted chance is LESS than 1
- This is calculated as 1-((YEET/YOINK)*(YEET+YOINK)*0.000015)
Hold More YEET thank YOINK your weighted chance is MORE than 1
- This is calculated as 1+((YEET/YOINK)*(YEET+YOINK)*0.000015)

Ratio Examples

As you can see below, the closer the ratio of YOINK:YEET the better your weighted chance is, favouring having Equal, or slighly more YOINK.

YOINK	YEET	Weighted Chance (lower the better)
100	10000	16.15
100	1000	1.165
10	100	1.0165
1	5	1.00045
5	1	0.999982
10	10	0.9997
20	10	0.999775
100	50	0.998875
100	100	0.997
500	100	0.9982
500	500	0.985
2500	500	0.991
2500	2500	0.925