Have you known a crowdfund way that uses human intelligent? This is about it. YouToken is a unique platform that allows people to convert human intelligence into a financial asset (a token). YouToken helps entrepreneurs apply the power of ICO and raise funds for their ideas/projects. Human intelligence has a value just like any other financial asset (currencies, stocks, bonds, etc.). On the YouToken platform, an investor can contribute money to entrepreneurs’ creative ideas in a fashion similar to the way he/she can invest in stocks on the stock market. They take people’s creative ideas and commitments and convert them into tokens.
YouToken(YTN)-Mission and Vission
YouToken(YTN) make entrepreneurship accessible to everyone, everywhere and trustable once again for investors
Key Benifits
An investor can invest in an entrepreneur's creative idea just like one would invest in a company on the stock market.
YouToken helps entrepreneurs apply the power of ICO and raise funds for their ideas/projects.
YouToken provides you with access to a wide global audience of potential investors
YouToken gives you an opportunity to get advice from huge global community
As a YouToken investor, you are not limited to an “inner circle” of entrepreneurs
Investing as a business angel you may rely only on personal trust to an entrepreneur.
With YouToken you are protected by YTN_creatorname token ownership.
No Paperwork
No Legal Entity
4 types of funding options (Donation, Debt, Revenue Share, Equity).
Donation
Investors who believe in the potential of an entrepreneur have an opportunity to purchase creator tokens (YTN_creatorname). This type of smart contract is perfect for investors who want to capitalize on an entrepreneur's long-term potential.
Debt
This involves borrowing money to be repaid, plus interest. As an investor, you can lend money to an entrepreneur in exchange for his/her creator tokens (YTN_creatorname), plus interest. A lender is entitled only to the repayment of the agreed-upon principal of the loan, plus interest. A lender has no direct claim on future profits of the business
Revenue share
This involves raising money by sharing revenues in a business. As an investor, you can contribute money to a specific entrepreneur’s project in exchange for creator tokens (YTN_creatorname) and revenue share in the project. Once the project begins generating revenues, you, as the investor, receive your revenue share.
Equity
Equity involves raising money by selling interests in a company. As an investor, you can contribute money to someone’s project that was built by using blockchain technology. As the project grows, you get paid simply for owning the business's share. In addition, you participate in the core decision-making processes that define the future of the project.
The platform introduces users to a new financial asset – “Human Intelligence”. The platform allows any user to “sell themselves” in a form of a personal token (YTN_creatorname) in exchange for receiving financial support
Project verification
Unlike some of YouToken’s crowdfunding competitors, the verification process here is extremely simple. To get verified, each user only needs to submit a copy of his/her government issued ID and proof of Ethereum address. In order to begin the crowdsale, each user needs to send the amount of ETH required for issuing his/her smart contract. YouToken will use these funds for fees later. Keep in mind, this is just a one-time verification only. So what’s all this about smart contract issuing? Glad you asked.
Smart Contract
Alright, the creator completed the verification process and submitted their idea to the YouToken marketplace. Next up is to find one of four smart contracts for your project (donation, debt, revenue share and equity.) Furthermore, YouToken will issue YTN_creatorname tokens for each creator. The smart contracts each have their own, unique abilities that vary depending on the goal of the creator. As for YTN_creatorname emission, YouToken created these ERC-20 standard tokens with l limited emission of 1,000,000,000 YTN_creatorname. Entrepreneurs will use the same tokens for all future projects. They could get into the logistics of YTN_Creatorname tokens, their distribution and price progression but we will keep that for a later article. Keep your eyes open for that one.
Crowdsale
The moment has finally arrived. The entrepreneur’s project is right up there alongside with the other creators on the platform. Now, it’s just a matter of the waiting for the investors. It won’t be a long wait though as the investor journey is quick and simple. All they have to do is use a simple form to buy a creator’s token. Furthermore, they are given plenty of options for payment meaning they can’t make any excuses to not invest. For example, investors can purchase creator tokens using
An Ethereum addressMetamask pluginFiat MoneyOr any other coins (Using BestRate cryptocurrency converter)
After purchasing YTN_creatorname tokens, the investor’s money is sent to Vault. There it will remain until the crowdsale is complete. If the crowdsale fails, all the money from Vault is immediately returned to the investors.
Project Fund
Congratulations to the entrepreneurs. Your project raised enough money in the crowdsale and the “Production” stage of the project is launch. From here on out, all received funds from investors go directly into Vault, and not to the entrepreneur. Only when the entrepreneur completes the crowdsale, will they receive the funds to start their project. Now, it’s time for the smart contract to dictate the terms of the agreement. Each project has a series of steps (minimum of 1 needed). Each step comes with the following question.
What will the creator do?When will the creator complete it?
How much money does the creator need to do it?
After answering these questions and completing the goal of the step, the entrepreneur sends a request to close that part and move on to the next stage of financing (if necessary). If you chose this step, then investors will hold a vote. Here, they decide whether or not the step was completed and if it’s time to move on with funding the next step of the project. If they vote”yes”, then the entrepreneur automatically receives the next portion of funds from Vault. If they vote “no,” then investors receive unused funds from Vault.
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Website : http://youtoken.io/
Whitepaper : https://ico.youtoken.io/whitepaper?_ga=2.62504236.1611075346.1520446376-680215531.1520446376
ANN Thread : https://bitcointalk.org/index.php?topic=3040679.0
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