What is APY Coin (What is AYC Coin)?

What is APY Coin? According to official sources, APY is a base income (basefee). Base income includes transaction fees, subscription fees, management fees, platform service fees, and collateral. The fixed annual yield fluctuates between 20% and 80%, and the dynamic interest rates increase gradually over time. APY allows anyone to receive a certain amount of tokens as rewards. Specifically, in the stablecoin market, there are two types of currencies: USDT and BTC.

What is AYC Coin

According to Cointelegraph, Ayc is a decentralized autonomous organization (DAO) developed and operated by a team composed of blockchain community members. Ayc is a completely decentralized autonomous platform that aims to be a fair, transparent, and sustainable economic entity.

AYC token is a utility token that can be used to incentivize node maintainers or other stakeholders in the system to improve network performance and contribute to the ecosystem’s development. It can also add new features to the protocol for further advancement. AYC also possesses functionalities similar to public chains like ETH and EOS: low transaction costs, support for smart contracts, and users won’t incur any losses. Additionally, this token is also referred to as the “mainnet currency.”