YayProto, The Decentralized Money Transfer System.

cham1 (32)in #yayproto • 7 years ago

YayProto is a decentralized money transfer system. It is based on the blockchain technology. which has a great future. There are lots of innovations based on blockchain coming out. YayProto is another great project based on blockchain project targetting a decentralized money transfer system.

INTRODUCTION

YayProto will become the Word's first decentralized multi-purpose binary protocol created based on the blockchain technology. YayProto has several great features in its platform. They have a great messenger which consists lots of functions such as chat, audio and video calls, and conference. They have provided an amazing P2P (peer to peer) money transfer platform. In addition to them, this platform works as a marketplace for local business and services such as insurance, hotels, markets and any kind of your physical business which work online. They leverage latest blockchain technologies to ensure the privacy and security of your details by storing them as encryption keys. With all of these features, the ultimate goal of the YayProto project is to create a decentralized cryptographic-resistant messaging system for private transactions.

TOKENS

YayProto has created its own token YFN for the usage in its platform. This unique token can be utilized for several cases. YFN tokens can be used for the payments in their YayFon messenger app as well as for offline payments. They also can be used for P2P transactions. YFN tokens are utilized in P2P and crowd lendings.

TOKEN DISTRIBUTION

When considering of the token distribution of this project, the majority of YFN tokens are allocated for the Initial Coin Offering (ICO) It is 50% of the total YFN tokens.15% of YFN tokens are allocated for the pre-ICO The pre-ICO of the YayProto will run from 28/01/ 2018 to 11/04/2018. The ICO will run from 15/04/2018 up to 20/05/2018. In addition to those allocations, Team developers and community bounty, advisors and contributors, marketing community bounty have been allocated respectively 10%, 10%, 10% and 15%. All the allocations are clearly shown in the following diagram.

token distribution.JPG

FUNDING USAGE

It seems that most of the fund they have collected are going to be allocated in development of the platform. it is 45% of the total funds. Following diagram is shown clearly the usage of funds.

fund usage.JPG