For Yee ecology to rise, it is very important to have an incentive mechanism. The Yee project has designed its own universal token to incentivize users and developers to contribute to the ecosystem.
Yee’s ecological incentive plan has issued a total of 3 billion YEE, which accounts for 30% of the total tokens. It will be distributed in 8 years. In order to accelerate in the first 4 years, 5% of it will be unlocked every year, and 2.5% will be unlocked every year in the next four years. . The core algorithm of its generation of incentive measures is to determine whether the user's behavior is effective according to the user's behavior and relationship density. If it is effective, it will be rewarded with tokens. For example, how many people interact with each day and the frequency of effective interaction (message, call, social, content creation, consumption, etc.), these effective behaviors will be rewarded with YEE tokens.
In other words, if you are a YEE user in the future, you can get YEE token rewards by using YeeCall. These YEE tokens can be used to pay for various internal consumption scenarios, and can also be exchanged for legal currency through the secondary market, that is, In the future, as long as you use YeeCall normally, you will have a chance to get YEE rewards. This is what traditional instant messaging software does not have.
The role of YEE tokens has many aspects, including the use of consensus-based encrypted communications, such as message destruction through smart contracts to protect user privacy. Smart contracts consume computing power and storage. At this time, users use YEE tokens to pay Ensure the execution of smart contracts.
You can also realize paid reading and paid calls through smart contracts, as long as you pay through YEE tokens. Cross-border remittances currently have a long cycle and high cost. Through YEE, fast and low-cost transfers between family members across the country can be realized. After the family members receive YEE, they can initiate a demand order for local currency exchange to the Yee system. Individuals or service organizations grab the order and lock the exchange rate after grabbing the order. Both parties to the transaction submit the same amount of YEE as a guarantee. The person who initiated the demand receives the local currency. After the fiat currency, the party grabbing the unilateral withdraws its mortgage YEE, and both parties can also make an evaluation.
Based on Yeenet, Yee will also develop a set of web frameworks for developers to use, which can support content publishing and browsing, Daap generation, and achieve seamless integration with YeeCall and YeeWallet. A content creator can use it to create content payment and reward applications, while ensuring that content copyright is protected based on blockchain technology. Developers can also provide plug-in services for Yee ecological users by developing small programs.