Frequently Asked Questions
Common questions about the Younus platform.
Frequently asked questions
MOST COMMON QUESTIONS ARE COVERED BELOW. YOUR QUESTION NOT ANSWERED? PLEASE CONTACT FOR SUPPORT.
The YOU token gets its value from the use of the Younus ecosystem. As all transactions happen in YOU, as well as it feeding smart contracts, transactions and decentralised applications. This value is therefore governed by the demand for using the Younus platform and the supply of $YOU.
Younus is a blockchain, internet of things, and finance platform built to manage global trade more efficiently.
Younus is based on innovative distributed ledger technology. Delegated Proof of Reality overcomes the scaling challenge of current blockchain systems and ensures data from the real world is accurately recorded on the blockchain.
Younus is creating a trust-less, permission-less and decentralized ecosystem, that will be governed by its participants and will change the way businesses, employees and customers collaborate with each other.
The Younus project is spurred by the vision to create an open and self-governing ecosystem, with humans & technology collaborating in the establishment of consensus. We have been inspired by Nobel laureate Prof.Muhammad Yunus to create an environment that cultivates independence and self-reliance. We envision an economy in which autonomous enterprises and sovereign individuals benefit from blockchain management of goods, money & data globally. At Younus we see technology as a tool in providing solutions to real world problems. Younus is not just a blockchain, but a network of users, developers and companies participating on a global platform. Ultimately we believe that blockchain technology and the underlying tokenomics can create an economy of empowerment.
Younus uses a hybrid delegated proof model that includes stake, validation, and connectivity. These combine to form Proof of Reality. The validity element incentivises the party to validate the digitisation of these real-world entities as it will allow them to become a delegated node. On top of this, it ensures that control of the network remains with those participating in its core application. The connectivity part incentivises users to give connectivity to IoT devices that are contributing to the network. The stake element ensures that the node is risking financial loss if acting deceptively.
Younus is designed as a decentralised platform. To support stability during its growth, nodes will be selected from trusted partners. This results in short-term centralisation.
Younus is meant to be a global project, and right now we have our teams in Germany, China and Singapore. While Singapore serves as the headquarter of our foundation, our know-how is sourced in Germany and most of our ecosystem partners are from the Middle Kingdom, China.
We are also hard at work to open offices in Japan, South Africa, Nigeria and the United States by the end of 2018.
A public blockchain allows the data system to be owned by everyone, not just one company. This means that access is unrestricted unless those creating the data need it protected. It also means that anyone can use the platform and the cost is regulated by the Younus economy, instead of by an organisation. For the supply chain industry, this means low barriers to entry for businesses and a governance system that is more democratic.
Younus is its own independent blockchain platform.
Younus is a blockchain platform for tracking and tokenising goods, services, and payments in the supply chain sector. It does have a native currency, YOU, but itself is not a currency.