YoungParrot (YPC) is a NFT marketplace on the Brise chain that allows users to sell and buy NFTs. With YoungParrot, users can create an account, create collections, upload and discover NFTs, and engage with the platform’s features such as adding NFTs to their watchlist and sharing them on social networks. The marketplace offers various filtering options to help users find NFTs based on price and other attributes. YoungParrot also plans to release a NFT Member collection featuring parrot-themed items with different tiers and exclusive benefits for holders, including discounted prices, staking opportunities, and reduced fees.
YPC has a token allocation structure that includes a maximum supply of 10 trillion tokens. The public presale accounts for 35% of the tokens, while 30% is allocated to liquidity. Development and marketing receive 20%, partnerships and advisors receive 15%. YPC implements tax fees, with a 3% fee for buying and a 6% fee for selling. The breakdown of tax fees includes allocations for development, marketing, burn mechanism, and staking. YPC also plans to conduct buybacks from the NFT seller and buyer fees, with the bought-back tokens being sent to a dead wallet at the end of each quarter. Additionally, there are plans for token burns if the market cap reaches certain milestones.
YoungParrot provides a staking program that allows early investors to stake YPC tokens and earn YoungParrot Member (YPM) NFTs. This program requires a minimum stake of 10 billion YPC tokens and will be available for a period of 6 months starting from Q1 2023. The staking program allows investors to claim and sell the YPM NFTs on the YoungParrot NFT Marketplace. The roadmap of YoungParrot includes multiple phases, with Phase 1 focusing on the release of the whitepaper, the NFT marketplace, and the YoungParrot Member collection. Subsequent phases involve expanding support for multi-chain functionality, releasing NFT staking pools, and integrating YoungParrot NFTs into gaming and Metaverse platforms. The project also plans to conduct marketing campaigns and secure additional CEX listings.