YOTCOIN Crypto currency, is a digital currency for which encryption techniques are used to regulate its use and generate its release. Unlike Fiat currency — like US Dollars, Euros and Pounds — crypto currency is not regulated or controlled by any bank, government or centralised financial authorities. Instead, it relies on the power of the Internet to guarantee its value and confirm transactions. Users on a network verify every transaction, and those transactions then become a matter of public record. This prevents the same digital currency or coin from being spent twice by the same person
YOTCOIN is a T20 coin that has been created on the TRON network, this net work is fast and with virtually no fees as this network utilises DPoS Consensus Mechanism and not mining with computers.
That digital public ledger on which all transactions are recorded is called the block-chain. Data is stored across a network, so it’s not susceptible to exploitation by hackers or central failure.
Each record or series of records on the blockchain is known as a block. A block is sent to the network and added to the blockchain after it’s accepted by the network as a valid transfer. Once verified, the blocks cannot be changed.
Fraud: Individuals crypto currencies are digital and cannot be counterfeited or reversed arbitrarily by the sender, as with credit card charge-backs.
Immediate Settlement: Purchasing real YOT stuffs typically involves some third parties (Brokers Chandlers, Banks), delays, and payment of fees. In many ways, the YOTCOIN/crypto currency is like a large database YOTCOIN, can be completed at a future date or time for a fraction of the expense and time required to complete traditional asset transfers.
Lower Fees: Wallet to wallet payments virtually free, the Wallet on the TRONMAINET uses Bandwidth power and is DPos.
Identity Theft: When you give your credit card to a merchant, you give him or her access to your full credit line, even if the transaction is for a small amount. Credit cards operate on a “pull” basis, where the store initiates the payment and pulls the designated amount from your account. Crypto currency uses a “push” mechanism that allows the crypto currency holder to send exactly what he or she wants to the merchant or recipient with no further information.
Access to Everyone: There are approximately 2.2 billion individuals with access to the Internet or mobile phones who don’t currently have access to traditional exchange, these people are primed for the Crypto currency market.
Decentralisation: A global TRONMAINET of computers use block chain technology to jointly manage the database that records all T token transactions. That is, Yotcoin is managed by its network, and not any one central authority. Decentralisation means the network operates on a user-to-user (or peer-to-peer) basis. The forms of mass collaboration this makes possible are just beginning to be investigated.
Recognition at universal level: Since crypto currency is not bound by the exchange rates, interest rates, transactions charges or other charges of any country; therefore it can be used at an international level without experiencing any problems. This, in turn, saves lots of time as well as money on the part of any business which is otherwise spent in transferring money from one country to the other. Crypto currency operates at the universal level and hence makes transactions quite easy.
There is no other electronic cash system in which your account isn’t owned by someone else.
Take PayPal or Visa/MasterCard, for example: if the company decides for some reason that your account has been misused, it has the power to freeze all of the assets held in the account, without consulting you.
It is then up to you to jump through whatever hoops are necessary to get it cleared, so that you can access your funds. With crypto currency, you own the private key and the corresponding public key that makes up your crypto currency address. No one can take that away from you (unless you lose it yourself),
The future appeal of crypto currencies lies in allowing you ultimate control over your money, with fast secure global transactions, and lower transaction fees when compared to all existing currencies.
When used properly and fully understood it would be the initiator of many emerging systems that will fundamentally change our global economic system.
If your reading this then you are somewhere in the vast web of this unique industry, whether you’re the owner of a yacht, or one of the thousands of its support network of trusted friends.
The YOTING Industry is a vast array of different industries all with one purpose, 100% enjoyment, enabling travel and exploration of the high seas, to search out and seek new far flung destinations off grid or the exclusive exotic destinations and limelight filled events
TO BARTER to trade by exchanging one commodity for another :
to trade goods or services in exchange for other goods or services
Money serves four basic functions: it is a unit of account, it's a store of value, it is a medium of exchange and finally, it is a standard of deferred payment
Try and understand what money is, what It does and what it brings. YOTCOIN has value, it can be stored securely, rewards are paid daily, for simply just holding it in your wallet for a day. It can serve as a medium of exchange as tested and more importantly;
Used in the TRUSTED CIRCLES of YOT industry.
Fiat money is a currency without intrinsic value that has been established as money, often by government regulation.
Thus a network of friends has to be created by the owner of the YOT, from the initial dream to the actual complex issues surrounding the upkeep. This is no simple task and FIAT payments are the current solution, however as every YOT person knows, the seas are boundless and there are at least 180 different currencies recognised by the UN.
However carrying large amounts of FIAT is dangerous, so now most owners use credit cards for payments, which come at a price of exchange rate, card fees and the card can be stopped any second without your permission.
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YOTCOIN token was set to its native territory so to ascertain the practicality of the Main net , functionality of wallets and speed of the network on a worldwide cruising vessel with sometimes slow 3G /internet connectivity to ensure it would be suitable for all YOT related business. If you have no phone signal it probably proves your of the grid in a very nice place and don’t need to carry out any YOT related business. But when along side , 99% of Marina’s have free Wi-Fi or 3-4G.
Try and understand what money is, what It does and what it brings. Yotcoin has value, it can be stored securely, rewards are paid daily, for simply just holding it in your wallet for at least a day. It can serve as a medium of exchange as tested and more importantly in the TRUSTED CIRCLES of YOT industry.
One crew member arrived with these test tokens and set about trying to see the possible use cases, and how to integrate them into everyday life at sea and onboard.
Not before long, 9 members of the twelve crew grasped the idea of a barter type system and set about in earnest tokenizing of items to the point that everyone knew the exchange rate for everyday items in the test token and no FIAT money was changing hands, just test tokens.
These Tron wallets were set up in minutes and showed ease of use and ultra fast transaction speeds, i.e. press send token amount and it’s in the next wallet.
Blockchain crypto technology for YOT crew proved to be a good use case and fitted with ease into its surroundings, below are a few examples
Crew members going ashore who have no access to FIAT are sending each other YOTCOIN as an IOU in exchange for beverages or cigarettes and these items now have been tokenised and each crew member knows they can use YOTCOIN instead of FIAT inside their own TRUSTED CIRCLE or exchanging other items off each other with the use of their TRON wallet and App on the phones
From not one member of the crew holing crypto currency in any form, now there are 9 members in a TRUSTED CIRCLE, all exchanging for YOTCOIN. The FIAT that was originally injected, i.e. in the form of goods has now been tokenized into the form of items and the exchange rate for each item has been created.
Should YOU, the YOT community that I’m part of embrace this token which has been set up for this specific industries needs and uses, then mass adoption by the community, it will make the YOT industry stand out from any other industry in the world. It would have its own internal currency to tokenize and to barter with inside those TRUSTED CIRCLES.
As long as you hold YOTCOIN in your secure wallet, there will be an automatic script written to reward daily extra YOTCOINS, for doing absolutes nothing but keeping the YOTCOIN siting in your secure personal wallet.
No catch and no gimmicks, this is a bonus to you the YOTCOIN holder for the YOT community.
An online calculator will show you the rewards to expect from this great feature.
Or if you prefer, not to take the extra YOTCOIN into your wallet, or just wish to donate some of your daily rewards then this worthy cause is always looking for donationa,
Once the new site is launched there will a simple donation box where you can donate to three sea based charities and a further button to vote for your own charity the more votes voted per month the charity will be listed the following month.
Or if you prefer, there will be a donation box where you can just donate to three sea based charities and a further button to vote for your own charity.
Many people in the YOT Industry find this a hard question to answer due to the vast interwoven network that has evolved organically over countless years.
From the owners point of view, their physical asset, the YOT, is where it all starts. However before that dream even starts a YOT company employing the finest craftspeople has the details of this dream vision of a YOT passed to them.
After many months of hard graft the YOT is launched onto the high seas. This is when the YOT support service industry kicks in, from moorings to fuel to food to plane tickets to champagne to restaurant bookings to hotels to chandlers to engineering to fenders to day workers to navigation charts to paint to anchors and chain to YOT crew.
Some YOT brokers would argue a figure somewhere in the region of US$ 700 billion, primarily made up of the actual physical assets such as the YOT and manufacturing companies that do the skilled crafting.
Then a further service industry that supports these assets and finally the top layer of the YOT crews that work on them to the highest impeccable standards to ensure that the owners of these YOTS can enjoy the benefits of the exotic YOT lifestyle.
However the actual value of the YOT industry could just be more simply put:
A group of like minded people who enjoy the high seas relying on a network of a TRUSTED CIRCLE of friends who rely on the needs of these individuals.
WE AT THE YOTCOIN TEAM LOOK FORWARD TO SEEING THE YOT INDUSTRY TAKE YOTCOIN AND CHANGE THE GAME AND BE AT THE FOREFRONT OF TECHNOLOGY AND DESIGN WITH YOTCOIN TRUSTED CIRCLES
YOTCOIN WILL LAUNCH SOON
READY FOR BUSINESS
BECOME PART OF
TRUSTED YOT CIRCLES
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