Yooba Project Token

Yooba Distributed global safe private block chain based electronic commerce system

About Yooba

Commitment to all consumers, safety, privacy, and easy global consumption.

Multiple account types to support a perfect business scenario

ACCOUNT

Basic account types, such as transfers, transactions, uploading or offline products and services, buying and selling merchandise services, setting up personal homepages, creating smart contracts, private chat, and other activities

STORE

Store has more features than Account, but there are a few limitations. Store has most of Account’s features Store can contain Store and Account inside, Store itself can become a big platform Certain activities of the Store have certain privacy restrictions

CONTRACT

Smart contracts are written in Turing complete language and run on virtual machines. It can complete a wealth of functions. Including insurance, logistics, security, virtual products and other scenarios using Contract. Privacy in Yooba’s business is also provided by smart contracts.Provide zero-knowledge proofs, ring signatures, and other privacy options for users to choose.

The ultimate consumer experience upgrade

A blockchain account can be consumed on multiple service entities

One login, multiple use, exposure information is 0

Covert transactions, hidden chats, zero-knowledge authentication and other encryption technologies protect the entire process

Freedom of consumption, freedom of service

Only born for business

Perfect account system to support rich business scenarios

Store can contain store,account, for big platform, localization store possible

Multi-layer structure, multi-layer credible middleman to protect consumers

Upload or release merchandise anywhere, anytime

Perfect mobile experience and features

User can upload any goods and services anywhere

Users can customize the homepage to their liking, or use a template

Simultaneously as a commodity or service provider and consumer in one place

Rich search features let you find any goods or services you want

You can communicate with your provider to determine more details.

MULTIPLE TECHNOLOGIES SUPPORT GLOBAL BUSINESS TRANSACTIONS

SECURITY , PRIVACY

zk-SNARKS – zero-knowledge proofs, ring signatures and other flexible privacy mechanisms to access smart contracts, protecting confidentiality throughout the transaction

A variety of encryption algorithms, used in chat, transaction, storage and others, to protect the data from leaking

DPOS

2~3 seconds block time, low latency, faster verification speed, higher performance

Hundreds of thousands of transactions per second, to meet the needs of the world’s commercial transactions of a large amount of demand

Advanced voting mechanism ensures that the blockchain is not destroyed

CLOSE TO REALITY AND SOLVE VARIOUS REAL NEEDS

YOO token,besides its own value, it can also be used as a currency to support the circulation of various business scenarios on yooba.

Physical goods, virtual goods, and various services can be provided and consumed on yooba

CLOUD COMPUTING, ARTIFICIAL INTELLIGENCE, STORAGE AND OTHER SERVICE PROVIDERS FREE ACCESS TO YOOBA

The user’s various merchandise, homepage, etc. are stored in a space provided by multiple service providers and users, and provide multiple backups

Cloud computing, artificial intelligence, insurance as a basic service, applied to other commodities on yooba, store, etc.

ICO Process

* The offer is valid only within 7 days from the beginning of the ICO.

** 2nd Stage will begin one week after the ICO starts or when 5% Tokens from 1st Stage will be sold out.Additionally to 15% of tokens,will be added unsold tokens from 1st Stage (if unsold tokens left).

UNSOLD OUT TOKEN PROCESS

* 45% of total supply will sell in ICO.Unsold tokens mean the tokens that unsold in those tokens.

** The bonus will be awarded only to those,who will have more than 25000 YOO.The more tokens you have in your wallet ,the higher your YOO bonus will be received.The bonus computational equation is (X * Y / Z).The X means the half of unsold tokens.The Y means the amount YOO of you hold.The Z mean the sum of all YOOs with holders greater than 25,000 YOO.

*** Token will be sold by market avarage price.The avarage price will be deducted more than from two exchanges.

IF NOT REACH SOFT CAP AFTER ICO

Refund all users participating in the ICO and reclaim the YOO they purchased.More to see here

* If the average price of the exchange is less than (1/250000) ETH. The official website will be sold at (1/250000) ETH. If the exchange’s average price is greater than or equal to (1/250000) ETH. The official website will be sold at the exchange’s average price.

** If the average price of the exchange is less than (1/180000) ETH. The official website will be sold at (1/180000) ETH. If the exchange’s average price is greater than or equal to (1/180000) ETH. The official website will be sold at the exchange’s average price.

roadmap

2018

YOOBA CORE FUNCTION DESIGN AND IMPLEMENTATION

Standing above Ethereum to support DPOS. Store, account, contract three account integration

Introduce zero-knowledge proofs, ring signatures, etc. to enhance privacy

Join data storage solutions(IPFS) to provide services such as goods that take up more space

Add common core smart contracts to provide services for complex account structures, insurance, virtual products, etc.

YOOBAJS,MOBILE API LIBRARY

yoobajs,Mobile API library and other forms to expand yooba capabilities

Supporting communities to create multiple applications and services using yooba

2019

OPTIMIZE STORAGE, NETWORK AND OTHER PROTOCOLS, OPTIMIZE YOOBA SYSTEM

Improve the swarm, whisper. Form a set of yooba’s own storage and communication protocols

Design various types of cooperation agreements between accounts on yooba

Design agreement for third-party service access yooba

TESTNET, MAINNET, WALLET

Build a test network to collect problems and optimize the network

Mainnet plan online at 2019-04-01

Pc, mobile wallet, including online product features

Add some virtual products to users

Discover problems in use and make improvements

INTRODUCING VARIOUS BUSINESS SCENARIOS IN YOOBA

Create a concise decentralized store to guide users to recognize and use yooba

Promote yooba to the public and introduce some heavyweight service providers

Create a complete tutorial and documentation

Yooba business scene decentralized management and governance

BUILD A COMPLETE ECOLOGY

Introduce insurance, logistics, and other more basic service providers to build an ecosystem

Token Issue Mechanism Considerations

Total 10 billion, annual inflation rate 0.5% to 5% (given after its mechanism)

Airdrop 20%. They will start at 2018.5 and all will be released before 2018.9.30. 10,000 to 20000 Tokens per person (please save, they are very valuable in the future)

40% is reserved for ICO.

5% is available to early investors.5% is used for the initial project reward to Yooba development, propaganda, testing and other community contributors.

18% is reserved for communities, ecological construction, and research. Such as logistics, insurance, storage and other basic services access. And business promotion, the introduction of big brands / large platforms, the creation of commonly used products / services. Push it to the public to improve the ecology. This 18% releases 1/16 every 3 months, and it is released in 4 years.

12% is reserved for founding teams and core developers. This 12% releases 1/16 every 3 months, and it is released in 4 years.