What is Youves (YOU) Coin ?
Youves (YOU) Coin is a decentralized, self-governing and non-custodial platform for the creation and management of synthetic assets that are secured by eligible collateral. The platform and its smart contracts are built on the Tezos block chain.
Youves (YOU) For example, users can become minters by posting and locking eligible collateral in a vault and create synthetic assets. The first type of synthetic asset are you’ve tracker tokens. The available assets are visible here.
Youves (YOU) tracker tokens can be sold or transferred to other parties. Minters will have the possibility to leverage their crypto currency exposure as they can sell their youves tracker tokens against such crypto currency which increases their exposure to the applicable crypto currency price. Holders of the youves tracker tokens can diversify their volatile crypto currency asset exposure without having to access the fiat currency world.
Youves (YOU) Coin Storage Key Points
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Platform Revenues, Expenses and Profits
Youves (YOU) platform collects fees from its users as a result of different events and transactions. When minting tracker tokens, 1.5625% of the price of the minted tracker token is deducted from the minter’s wallet (in tracker tokens). Furthermore, the platform applies an interest rate on both the outstanding tracker tokens of minters and also on the tracker token balance of holders.
Youves (YOU) The interest rate on the outstanding tracker tokens is roughly 1.00% per annum higher than the interest rate on the holders’ tracker token balance. This difference is claimed by the platform on a regular basis.
Youves (YOU) Expenses incurred by the platform predominantly consist of block chain related fees for gas and storage when updating the smart contracts on calculation requests originating from the platform, other expenses are the costs of running and maintaining the frontend. Currently, these expenses are covered by the developer of the platform (ubinetic AG). This may change in the future.
Youves (YOU) Typically, profits are calculated by deducting the expenses from the revenues. As the expenses are currently negligible and covered by the developer ubinetic AG, the platform’s profits are for now equal to the revenues. This may change in the future, especially if gas and storage costs rise significantly.
Youves (YOU) For the purpose of governing and updating the platform, there is a governance process which is controlled by a group of keyholders who have an interest in the success of the platform.
Youves (YOU) This includes two members of the developer team and five external parties independent of the developer. The keyholders are members in a multisig contract, requiring any action to be approved by four of the seven members. This includes changing the configuration of the multisig itself.
Youves (YOU) These update decisions are made ordinarily on an annual basis, however, for urgent matters an extraordinary vote can be requested by any of the keyholders within 48 hours. In any case, suggestions and planned changes will be discussed on the community discord server.
YOU Token Holders
Youves (YOU) In the future, select governance matters on youves which require frequent decisions will be moved to a voting system that is open to everyone that holds YOU governance tokens. Governance votes may be done in a six months rhythm.
Community You are Youves
Youves (YOU) Join the community You want to learn about youves and be part of the future growth and development of the ecosystem? The documentation in the “Learn” section, and youves social media are a great starting point.
Youves Champion Program
Youves (YOU) champion program is designed to support you so you can support the community. Learn and build on youves and tell us about your learnings. youves will award you with 100 YOU per quarter.