YOIU is a platform where early adopters can find IDO listings(initial DEX offerings) of startups. In case you have never engaged in an IDO, we will help you to understand the concept. Your first questions might be: Why do people participate in IDOs?
Similarly to IPOs of big companies, an IDO event of a startup is the first time their token or NFT is open for sale to the public. People who buy virtual assets during an IDO normally are looking forward to supporting the startup during its earliest stages.
On many platforms there are several obstacles you have to overcome until you are able to participate such as: whitelists, KYC, lotteries, tier structures as well as questionnaires and other forms of engagements. This is mainly done because there are big masses who want to participate in IDOs and platform/startups only want high quality holders which are genuinely interested in the startup. Let’s start step by step…
Introduction to YOIU — What is YOIU?
YOIU is an IDO listing platform on the Secret Network blockchain.
To remove friction from the user experience, YOIUs goal is to start completely without a native platform token! YOIU will give users a chance to participate in listings by staking SCRT or through the ownership of certain NFTs, we call them TIERs:
Two forms of TIERs
YOIU x TIER
You can stake L1 Tokens on our platform and obtain one of four TIERs. The TIERs will be added by the startup to their whitelist, and you will have a chance to get access to the IDO events. Currently there are 5 different TIERs.
YOIU NFT Access Card
YOIU wants to bring more use cases to NFTs, therefore every verified holder of a YOIU NFT is able to take their chance during active listings. There will be 4 different YOIU NFTs, each one resembles the allocation size of the TIER during IDO events.
PoP — Proof of Passion
If you are not holding any rare NFTs you will be able to win a YOIU TIER NFT. To win a YOIU TIER NFT you must prove that you are a passionate and supporting user of YOIU. If we see you supporting us and pushing our community, we will put you on our “good boy/gir list”, just like Santa.
We are sure that users will start selling them on NFT marketplaces like Stashh and Talis, therefore you can also look out for YOIU NFTs there.
KYC
While YOIU can not enforce startups nor users to do a KYC, startups have the possibility to only allow KYC verified participators during their IDO.
FAQ
What is YOIU?
YOIU is an IDO listing platform.
Is YOIU already live?
YOIU will be live in 2023Q1
How can I participate on YOIUs platform?
You can participate by staking SCRT and have a SCRT TIER or achieve a NFT TIER through proof of passion or a verified rare NFT.
