YOC Company Tokens and Currencies
YOC Ecosystem is composed of 3 categories of tokens that work together in order to create liquidity, security and valuation:
Company Tokens – Are the tokens offered to be invested in order to fundraise YOCs projects. They are the central component that turn projects into companies, turn profits into dividends, turn YOC's secondary Market a reality. Once you hold a project token, you have the right to receive dividends and vote, proportionally to the total of tokens of the respective project. For each project there is a fixed amount of tokens issued at the initial of the fundraising. Once the fundraise reaches its goal, the project tokens are traded at the “trade area”, the secondary market of the platform.
YUSD – Is the currency used to invest and trade in projects. Thus, before investing in any project, users need to mint YUSD. YUSD is also a stable coin, paired with the US Dolar (75%) and YOCx (which is described below). YUSD is never bought or traded. It´s always minted or burned. When 1 YUSD is minted, the price is always 1 USD. The “Mint YUSD” buttons are always present at investments and trade areas. So if you don´t have any or enough YUSD to invest on project tokens, you can very rapidly mint some YUSD. Once you mint YUSD, the platform will lock within a smart contract 75% of the respective blockchain stable coin based on USD and 25% on YOCx. Some blockchains do not have stable coins, in these cases, the native blockchain coin will be used instead.
YOCx – Is the government coin. It is the currency used throughout the platform to pay dividends and earnings.
The "x" is a variable that will be the initial of each respective chain:
-> YOCn (Near)
-> YOCe (Ethereoum)
-> YOCs (Solana)
-> YOCb (BNB)
YOCx tokens will always be developed and created with the same tokenomics, described in more depth at the tokenomic section of this document (4 Tokenomics).
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