YGGDRASH Quarterly Q&A: 2019 Q2
Hello, World!
Greetings from Team YGGDRASH.
Starting in 2019, Team YGGDRASH will gather and respond to the questions of the YGGDRASHers on a quarterly basis. The Team will carefully read all the questions and try to answer them in the most sincere manner. Please understand that although we want to completely open up to the community, there are some questions the Team might not be able to answer due to the nature of the information. Similar questions can be combined and answered for your convenience.
In this Q&A, the Team has answered a list of questions collected from Apil 22nd to 30th from the YGGDRASH Telegram communities (Korean and English).
- In the whitepaper, it says that with a high reputation score you will get a higher share of newly issued YEED. Where does this recently issued YEED originate from?
Among 100K of YEED, the Team will burn without issuing new YEED(burn within operation fee of the branch chain). After a year, if the community or Akashic foundation decides to issue new YEED, it will be allocated to a person, who has high credibility.
2. In case of a consensus, the node decides to run the consensus of a branch chain, does the node earn the YEED that is consumed connecting the branch chain with the stem chain?
The inquiry is a little bit vague, so the Team will define ‘node’ as ‘node of branch chain.’ A node of a branch chain cannot gain YEED, and this incentive will be decided by each branch chain, not by YGGDRASH.
3. Will network participants(Node) be able to earn YEED?
According to a ‘dimensional blockchain policy,’ YGGDRASH does not have a structure that allows someone to receive monetary rewards. Hence, the Team plans to provide fee exemption and economic incentives based on reliability.
4. When will the real business be implemented?
YGGDRASH’s beta testnet is about to open in Q2, and you can meet more developed YGGDRASH. We would like you to look forward to our mainnet which will be launched in Q3.
5. What kind of work is the team mainly doing to foster more active YEED transactions?
The Team mainly focusing on business linkage with other industries such as DEXRADE(Exchange), D-STATION(Incubation center) and partners in order to foster more active YEED transactions. All of these businesses can create synergy between the mainnet. Also, we are preparing for listing on other exchanges.
6. Did the Team manage to convert your crypto holdings to fiat currency before the start of the bear market? Also, if not confidential, can I get information regarding the number of initial funds that are left at this point? I am wondering if the Team needs new funds for development and promotional activities in the future.
The Team appreciates your understanding that we cannot open our fund or finance. We have currently secured the funds for our further development and marketing. The Team will pour all its effort into building a better platform and service.
7. Is there any plan to list YGGDRASH on the international exchange?
Yes. The Team is preparing for the listing regardless of domestic and international exchange. Our main criteria for listing would be the exchange’s stability, period, and whether it can provide a place that will allow active YEED transactions.
**The Team cannot answer to any questions regarding listing on exchanges. Every project is bound to a non-disclosure contract, and violating this contract can lead to the termination of the contract. We appreciate your understanding.
If you have any questions, please email us at info@yggdrash.io. We will get back to you in an orderly fashion.
Thank you for your ongoing support and faith in YGGDRASH Project.
<Team YGGDRASH>
Official YEED Smart Contract Address:
0xca2796f9f61dc7b238aab043971e49c6164df375
YGGDRASH Official channels
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