based on materials from the site - By Yellow News
Yellow Network announced the launch of the sale of $YELLOW tokens through the OpenDeal Broker platform from Republic, marking the company's effort, which is engaged in blockchain infrastructure, to expand access to its cross-chain settlement technology for accredited American investors.
What you need to know:
Yellow Network offers real-time cross-chain settlement infrastructure, using state channel technology without bridges and centralized intermediaries.
The company raised $10 million in initial funding led by Ripple co-founder Chris Larsen. The $YELLOW token provides access to staking rewards, governance rights, and the Reserve Vault security system.
The token sale is an important milestone for the company, which positions itself as a universal infrastructure layer for Web3 applications. Yellow Network's technology allows developers to integrate blockchain functionality into applications while maintaining speed and security standards comparable to traditional web services.
"The launch of the $YELLOW token on the Republic platform marks an important step towards ensuring the availability of foundational Web3 infrastructure for a broader audience," said Alexis Sirchia, chairman of Yellow Network.
"This sale helps us build a global community of developers, creators, and users who believe in faster and more scalable blockchain solutions."
$YELLOW token provides holders with several key benefits. These include real-time settlements and asset routing between different blockchain networks, incentivized staking for developers and validators, as well as governance rights for protocol updates. The token also provides access to dispute resolution through the company's Reserve Vault framework.
The Yellow infrastructure stack is based on advanced state channel technology to ensure cross-chain settlements without the need for bridges or centralized intermediaries. This approach addresses common blockchain scalability issues that hinder the widespread adoption of decentralized applications.
The company's modular SDK and universal API support the ERC-7824 standard, allowing developers to build applications for decentralized finance, gaming, and the enterprise sector. Yellow's technology aims to provide a Web2-level user experience while maintaining Web3 infrastructure capabilities.
Republic's OpenDeal Broker platform offers an offering available exclusively to accredited investors in the United States. The platform, which previously hosted public stock sales for companies like SpaceX and OpenAI, allows investors to purchase tokens with credit or debit cards. This partnership enables Yellow to expand its investor base while maintaining regulatory compliance.
Conclusion
The sale of Yellow Network tokens on Republic reflects the company's desire to democratize access to investments in blockchain infrastructure while simultaneously laying the groundwork for scalable Web3 applications. The offering supports Yellow's mission to accelerate the adoption of decentralized technologies through enhanced settlement and development tools.
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