Interview: how to create an innovative blockchain? – Yotoken
Q:What are you now?
Right now we are in our ICO stage.
The main difference between Yo Token and other projects is that no one has been able to solve the issue of scams and insurance in the sector. I suppose we will be the first.
Our goal is to guarantee safety and allow users to invest with minimal risk. Our mathematical models show that we can reduce the risk of lost tokens by 85%. While 85% is impressive, we believe we can push the limits to 95%.
Q:How does it work, why do investors need Yo and Yo token?
For example, say our community wanted to invest in a new ICO called Alice.
First, Yo Token would make contact with Alice and inform them that the Yo Token community is interested in investing, for example, 1M dollars in the project. To ensure safety we recommend the use of Yo token for the investment and allow a daily tap of Yo Tokens to the project. If Alice agrees Yo Token will create oracle, special smart-contract and launch it on blockchain.
A funding tap can be administered on any schedule, daily, weekly, etc and is a core DAO principle and one which received the attention of Ethereum founder Buterin. In his article, Buterin discussed a daily tap and how to increase the rate of funds from investors to developers.
What Vitalik missed was that decreasing the rate of the fund tap is just as important as increasing it.
Q: What are the main goals?
The initial purpose of Yo Token was to insure risks, then when we combined oracle Hyperion and blockchain sharding and we knew we created something special. Eventually bringing together DAO based voting and daily increase and decrease tap funding, we created a smart ecosystem.
That makes Yo Token special. We predict that 20–25% off all ICOs will use Yo Token in the first year.
This way an investor can commit 20M dollars to a project but can distribute a small amount each day.
For a lot of projects, a secure daily funded blockchain would be a great accomplishment, at Yo Token we have done better. With the integration of smart contracts and Hyperion, we have made something truly unique.
Dapps is a next big function of Yo Token. Developers can create applications on our blockchain (insurance and financial services our focus).
Q: What about mass adoption?
Also check information about Yo Token Wallets on iOS, Android, PC, Mac. We will provide a list of e-commerce websites (avia tickets, goods, gadgets, services etc.) where users can use Yo token.
World’s decentralized blockchain: the scalable and secure platform. Crypto card. Decentralized financial services.
Published at Fri, 16 Aug 2019 03:49:03 +0000
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