When Youwho arose, the world faced a pandemic (COVID-19) that caused millions to lose their jobs. Many of these folks may never return to their old jobs owing to company closure, downsizing, or other reasons.
Also, as a compensating step to withstand the pandemic’s economic impact, employers may have furloughed or cut the hours of others. Many talented people will have no jobs or have lower wages. Moreover, the team wondered if these skilled people could offer their products and services to everyone globally, becoming self-employed.
Youwho is the first proof-of-participation-based decentralized finance ecosystem in the world. Its goal is to solve problems in the real world, gaining the term ReDeFi. Furthermore, most DeFi platforms are just new versions of existing DeFi applications like yield farming, staking, token exchanges, NFT marketplaces, etc. Still, it wants to break the mold by using the fantastic technology of cryptocurrencies and decentralized finance to solve real-world problems. Specifically, these are like unemployment and unbanked banking, which they believe go hand in hand.
The team wants to make it possible for anyone to be their boss. People can put the best ideas from Airbnb, Uber, Grab, eBay, Amazon, Fiverr, Facebook, Paypal, and other leading marketplaces, social networks, and banking platforms into one ecosystem and use cryptos to settle payments around the world.
Binance Smart Chain will create YOU tokens as a BEP20 token. It will use them as the native token for the youwho ecosystem. Tokens will transfer to Avalanche, Ethereum, and Polygon chains. It is after the launch of the YOU network as part of a chain bridge.
YOU tokens will be all over the Youwho Ecosystem to govern, settle disputes, and give rewards.
Decisions about the direction of the development team, the fees and rewards of the ecosystem, and decisions about the community will be partly by YOU token holders and a DAO acting on their behalf. Arbitration is about settling disagreements between users. Token holders can participate in arbitration and get rewards of YOU tokens. Most people don’t review the products they buy, as shown by the fact that they don’t need to do so on popular marketplace websites like Amazon.com or Ebay.com. Youwho is a decentralized ecosystem that relies on feedback from the community to self-regulate. Thus, the more reviewers there are for both customers and providers/merchants, the safer and more trustworthy the ecosystem will be.
YOU tokens, which are the native tokens of the ecosystem, will be a reward for investors. These YOU tokens will decide how the ecosystem will run. Investors will be able to stake their YOU tokens to earn high APY. Stakers will also get a weekly share of the fees paid by users of the different platforms in the Youwho ecosystem once those platforms go live.
There is a total supply cap of 51,000,000,000 YOU tokens for circulation.
Youwho’s Six Primary Platforms
Using Youwho Serve, all users can offer and receive services from one another. It is a decentralized marketplace platform allowing anyone to assist, from a chef to a maid to an engineer to a doctor.
Store is a place where merchants can sell their goods without a central hub. Youwho Store will have a Hardstore and a Softstore. These will let all users buy and sell physical and digital goods from each other.
Eats is a way for food lovers and people who like to cook to get food delivered without a central hub. Youwho Eats will let everyone buy, sell, order, and deliver food and drinks from each other.
Stays is a decentralized platform for hotels and Airbnbs. Youwho Stays will let all users list their homes for other people to stay in or look for houses.
Race is a decentralized platform for sending packages. Using courier services provided by other users, youwho Race will let all users send and receive packages from anyone in the ecosystem.
Lifts is a decentralized platform for taxi services. Youwho Lifts will let all ecosystem users book taxi services from other ecosystem users.