YGGDRASH Quarterly Q&A: 2019 Q4

Hello, World!

Greetings from Team YGGDRASH.

Starting in 2019, Team YGGDRASH will gather and respond to the questions of the YGGDRASHers every quarter. The Team carefully reviews all the questions and tries to answer them in the most sincere manner. Please understand that although we want to open up to the community completely, there are some questions the Team might not be able to answer due to the nature of the information. Similar items were combined and answered for your convenience.

1. In some cases, many are not pleased with the rewards occurring in the network because of the increase in circulation, resulting in a drop in prices. How do you plan to deal with this issue?
   Your concerns may be valid in a scenario in which a company issues additional tokens without a token economy. However, Team YGGDRASH will increase and stabilize the price and the value based on the well-organized token economy. The token economy is as follows: 1) we can raise the coin staking rate to 70% among the total issuance, which will prevent the rapid volatility.; 2) we will stabilize price volatility by launching DApps and expanding their utilities gradually. As a DApp’s usability goes up, users will try to use it and buy their tokens. As mentioned above, when the staking rate increases, the circulation volume decreases, and when the user purchases the DApp token, the value of the coin increases.; 3) the Team can offset the amount by burning some coins which are used as a transaction fee on the YGGDRASH platform. The Team will utilize the mentioned strategy to increase price stability and value based on our token economy.
2. I understand that the Team is putting a lot of effort into attracting new DApps. When will you be releasing information about the upcoming DApps?
   After the MainNet launch, the Team trying hard to attract DApps. Each DApp will be disclosed gradually, and YGGDRASH will release DApp in December.
3. What measures are your Team considering to increase trade volume? Is the possibility of a major exchange listing still on the table?
   Team YGGDRASH is working hard to increase the trading volume and accomplish further listing. However, the Team believes that the YGGDRASH platform’s value can be elevated more significantly when we list after useful DApps become available for service. The Team is pursuing to manage our valuable funds in the most effective way possible.
4. The holders are in a difficult situation due to the current price of YGGDRASH. I am curious about what measures you have to elevate the price.
   The Team would like to express our apology for the current token price. We have mainly been focusing on the technical development side since a good technology is a backbone for a good service. So the Team acknowledges the dissatisfaction with the current price. We plan to attract meaningful DApps and useful BRANCH CHAINs, which will have a real and lasting impact on the price.
5. I am curious about the progress of the game center on the roadmap.
   At the time of updating the first version of the YGGDRASH Roadmap, we were in communication with numerous blockchain game projects to develop the game sector. However, the Team came to the conclusion that focusing on the industry where we actually have a higher chance of succeeding would be wiser than jumping into the highly competitive gaming industry. YGGDRASH DApps are on their way to the market, and we will keep you updated along the way.
6. I have deep interest in the overall business and I very much support it, but I am hesitant to stake YEED because of the current situation. Will there be any benefits for the ICO participants?
   The Team always thank the ICO participants. However, the staking can be stable only with the agreement of ecosystem participants based on crypto-economics. Unfortunately, it is difficult to use as a benefit for a particular group. However, we will show our gratitude to early ICO participants in the stage of the growth of the YGGDRASH ecosystem.
7. In an interview I read a few days ago, it said that YGGDRASH is focusing its business on finance. The development of the platform alone does not bring about the development of the financial sector, so I am curious about what kind of business will be conducted in which field.
   We would like to explain our short term and long term plan respectively. In the short term, the upcoming YGGDRASH’s DApp will be a service that can be used in the financial sector. To explain in detail, existing DApps for payment, remittance, and more had faced difficulties in providing an excellent customer experience due to systemic hurdles. However, our new DApp will not be affected by the same hurdles. Also, it is applicable in real life right away and has excellent potential for growth. In the long term, as mentioned in the YGGDRASH White Paper 2.0, we will continue our business by applying the Inter-DeFi. This business will show its true merits when restrictions regarding blockchain payments and remittances operating on a single platform are alleviated, and related technologies and services start to grow. Once this technology is in place, different platforms will be able to make payments through YGGDRASH Inter-DeFi.

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

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