English name of Token： YAPSTONE
Ticker of Token：YAP
Description of the project：
YAP STONE (YAP) was launched in 2008. Capital leverage generated by seigniorage and inflation, as a result of currency issuance, should be granted to the community to drive a good economic cycle. YAP STONE seeks to build a shared economy platform that will contribute profits derived from the community back to it. YAP STONE becomes a key currency for smart cities on the principles of credibility and integrity.
Yap is a beautiful island group located in the Caroline Islands of the western Pacific Ocean. It offers magnificent scenery with a blue coral reef, dolphins and fishes. The island’s universal currency is stone money made of limestone. The value of each stone disk is determined based on its size and weight, and the number of dead people during stone transport. Even though a disk is not portable due to its heavy weight, or it is placed on the road or sunk in the sea, its value is recognizable by several notaries. The ownership and exchange of stone currency is decided by oral agreements that relies on full trust among Yapese people. Yap’s currency system is backed by notarization or trust, which is like how blockchain technology operates. YAP STONE is therefore committed to promoting community spirit and mutual credibility to users.
“YAP Chain” is an optimized smart city blockchain system releasing YAP STONE and other regional cryptocurrencies and catering for needs of organizations, shopping malls, and streets and cities. Smart contract and DApp are also available to help build communities based on trust and cooperation.
Total available supply：1,000,000,000 YAP
This document is compiled from the official whitepaper and relevant documents provided by the Energi Core team, to provide investors an overview of the coin. The information in this document is collected through formal legal channels. We make every effort to provide complete and accurate information. However, we do not guarantee accuracy, completeness, timeliness or correct sequencing of the information. This information is not to be regarded as investment advice, or legal proof, or evidence.