YayProto Review - Decentralized money transfer system
Yayfon is a project working on blockchain that would solve some common problems of losses of money for fees during bank transfer, lack of transparency in bank money movements, and the impossibility to access at the financial market for many people in the World.
The solution promoted is inside the blockchain, considered a baked system of users fund using the infrastructure.
The concept: substantially, adopting Yayfon Messenger app, everyone can send instantly own money generating a QR code in the app and sending it to a receiver in a P2P way, like Hawala Banking idea. At the moment of sending, the amount automatically is blocked and secured. The receiver has to unlock the QR code with a third party that pays directly the receiver, earning fee blocked to the sender. To start this operation a minimum amount* of YFN is required in sender balance, which after QR-code/Password generation will be blocked. The platform is going to provide lending based on the same payment system.
Token value: the token will be valued once the app starts spreading and advertised. The fund division foresees the 13% of funds designated for marketing.
1 ETH = 7500 YFN;
Pre ICO Soft cap is 500 ETH, Hard cap is 1700 ETH;
ICO Soft cap is 11500, Hard cap 46000 ETH.
Considering the actual capitalization of a similar project, like ETHLend, the possibility to grow is great!
Protocols: the app works on different plans: with blockchain applied to P2P transaction to provide security and transparency, and on File Distribution Network (FDN) to decentralize storing and sharing files of Messenger app.
The roadmap showed in the whitepaper is very challenging. In May 2018 is going to be released Beta (v1) of SDK of iOS/Android, in July the release of beta (v2), in August Telco partners list and finally in September the release of app for nodes and in November the release of Marketplace platform / API Beta.
Disclaimer: this is my personal article within my personal opinions so please don’t consider it as a financial advice.
BubbleBubble
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=994890
PRE-IСO [12 February, 2018 - 26 March, 2018]
IСO [23 April, 2018 - 28 May, 2018]
Twitter: https://twitter.com/YayProto
Facebook: https://www.facebook.com/YayProto
Telegram: https://t.me/YayProto_ICO
YouTube: https://www.youtube.com/channel/UC17nf13s9jPvcwCKuNjTUsQ
Whitepaper: https://ico.yayfon.com/whitepaper
Website: https://ico.yayfon.com