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Younus Token

Who we are.What do we do.What can we help.

Tokenomics

It all starts with $YOU.

To build a decentralised system there needs to an incentive to support the system. In Younus this is the currency $YOU. Younus is an economy that regulates itself in a democratic and decentralised manner.

Use:

Currency

  • ―All transactions on the Younus platform are settled in $YOU.

Governance

  • ―Steer Younus development by voting on useful improvements.
  • ―Developers get paid in $YOU.

Toll

  • ―To create a transaction on the network.
  • ―To fuel smart contracts and decentralised applications.
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Earn:

Consensus

  • ―Reward for participating in the consensus system.

Validation

  • ―Correctly digitising real-world entities.
  • ―Incentivises parties to be truthful and to join the system.

Hold

  • ―Younus holders receive a dividend for investing in the system.

Tokenisation

With Younus, $YOU is not the only token on the system. Businesses digitally tokenise the assets that they are moving through the supply chain as well as money owed to the business such as invoices. This tokenisation creates a new layer of functionality for the supply chain where tokens can be tracked, assessed, and traded. Taking this approach brings the following benefits:

Traceability

  • ―As an asset is tokenised, its journey (both geographic and organizational) can be logged.
  • ―Its authenticity can be validated instantly at any stage.
  • ―Quality can be assured by measuring parameters of its journey.
  • ―The business and external entities can monitor internal stock flow.

Optimisation

  • ―Bureaucratic overhead can be reduced by automating payments via smart contracts. As an asset changes hands the receiving party verifies, for example by scanning a QR code on the asset, releasing payment to the supplier. Documentation can also be automated and stored on the blockchain platform.

Finance

  • ―Inventory that is held by an organisation can be sold to an external investor at a reduced price to free up liquidity for the organization. The investor then gets the payment as the asset moves from that organisation to another.
  • ―The same process can occur with money that the business is owed. Payments that are due to the business can be sold at a reduced rate to free up liquidity. The investor then gets the payment when it comes through.
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