What is YIN?
YIN DAO is a community investment DAO that merges Real World Assets such as Oil & Gas into web3, by utilizing the “$YIN” Token as its main utility token.
$YIN token has a scarce max supply of 9 million tokens. $YIN DAO is funded by “The $YIN Treasury”, which contains 33% of the total supply. It will be locked in a multi-sig wallet & governed by the $YIN community.
The community may vote & submit on investment proposals that generate revenue back to the Treasury. 50% of these revenues will be used to increase the buybacks of $YIN tokens & increase its scarcity, while the remaining 50% stays in the treasury and also expands its overall value. Each buyback results in $YIN tokens being removed out of circulation, making the overall supply scarcer.
- The more frequent buybacks are performed, the scarcer $YIN becomes.
- The scarcer $YIN becomes the higher its price value.
- The higher the price value of $YIN, the larger the value of the $YIN Treasury.
- The larger the value of the Treasury, the more buybacks can be performed, which results in the continued growth of each community member in their portfolio.
