LBank AMA Recap with YYE
YYE AMA RECAP
Introduction:
GUEST:
Our team is YYE energy.We build up a circular economy system to allow users to continue using YYE’s service for charging and a passive income of funds, from offline charging stations to online DEFI, to complete the first one-stop green energy circular economy in the market. We are trying to solve energy exchange loss and convert it into YYE tokens, which were given a new value.
Furthermore, The process of generating YYE tokens uses the storage characteristics of the blockchain to store data. By doing this way, our clients can also check data on the blockchain at any time. As the number of people using YYE increases, the blockchain addressing speed will become more efficient. The YYE generated during data uploading can be sent back to the DEFI system to create better revenue for users, openly demonstrate the data for them and allow users to search for the information they need on the chain. In this way, the actual implementation of blockchain technology could enter the people’s livelihood.
First five AMA Questions (First Part):
1. Can you tell us about your team members? are they qualified and professional in their fields? what are the recruiting qualifications for team members for your extraordinary project?
Guest:
Our team members are experts in the finance, technology, and marketing field. For myself, I was MSCI’s Head of Client Coverage Asia Pacific and the only member of the executive committee of Chinese descent. Also former head of Asia Pacific and Co-Head of International Business in Janus Capital Group.
Another two Co-founders are Bob Jiao and Paul Roberts. Bob is currently the CEO and founder of YiYuan Energy. One of the first advocates of energy exchange stations across Taiwan Strait, and has invested in over 30 new energy-related firms such as Sincerest Capital, ezSWAP, GCE, etc.
Paul is Compal Electronics Senior Director, Investment Planning and Management Office — a global top 500 firm with annual revenue of over 30 billion USD and is in charge of multiple reinvestment businesses under Compal, contributing to annual combined revenue of 1.2 billion USD and annual profit of 80 million USD.
Our technical consultant Lman Chu is CEO of BiiLabs, Taiwan’s renowned blockchain solution start-up and was Invited to UN’s ID2020 to offer blockchain solutions for its Peacekeeping Force.
I would like to contribute the project successfully so far to the whole team. Everyone is working hard and professional on own position.2.Will #YYE provide carbon-free Energy to the Blockchain?
Guest:
ok, It will depend on the different cases in the field.the most immediate goal is to provide as many charging stations as quickly as possible as replacing ICE vehicles with EV’s will yield the most immediate environmental impact. We will then aim to increase the percentage of the energy supplying the network to be from renewable sources and can speed up the process to provide carbon-free energy.
3. We can see you have done well in online Marketing, Impulse approaching an influencer here? what marketing is your team focused on?
Guest:
Our Telegram group member had surpassed 40k at the very beginning, great thanks to our audiences. We would say that a good result can be taken due to
1 Increase project visibility through airdrop activities and online activities
2 Establish brand authority through listing on project ranking platforms
3 To maintain user stickiness and community interest we share all kinds of related articles every one or two days
4 We had developed an intensive and clear timetable with development prospects
5 Several KOL join our events which allows cross-promotion
YYE is a project realizing green energy on blockchain and IOT, therefore, we focus not only on marketing but the landing application. We believe this is the base for long-term development and the best way to feedback profit to our attendance..
4. Any significant development and milestones for YYE? Do you have any plans for the future?Is there any good news to share with us in the near future?
Guest:
Real-world application is our biggest breakthrough. YYE is an application built on a blockchain ecosystem, fair verification mechanism, smart contract and transparency. Prior to our project, there were a lot of projects trying to integrate blockchain technology with IOT, but there were no real-world applications and use cases in our daily life. YYE successfully integrates blockchain and IOT, we use a charging station as a starting point to integrate with blockchain, after that, we would develop our Defi application.
YYE aims to build a scenario that everyone could use the IOT device to participate in the crypto mining, which would encourage us to boost the renewable energy economy. We are so excited to witness our innovative real-world application with blockchain technology and everyone’s participation.
For charging stations, we will deploy them in various cities. At present, most of the charging stations have not been integrated into our lives. Some of them are still nowhere to find in cities which causes the problem of local charging. YYE is currently deploying large-scale charging stations offline. People can easily find our facilities and use them in every corner of the city. Besides, our Defi has launched on 10/18, and we will also release our app shortly. Please stay tuned for more YYE Energy innovations.
Five Questions with Answers from the Telegram community (Second Part):
@Wally_Hutcheson
Could you please provide some info about your Roadmap and how Your Project is progressing so far?
Guest
Our team started to get into this renewable energy industry in 2020 since we did a lot of researches in this area. We have been focusing on studying how we can apply blockchain technology to physical devices.
At the beginning of 2021, our charging stations and test power generation facilities reached 10,000. As of today, the total number of charging has exceeded one million and five hundred thousand, and the accumulative number of charging degrees has reached five hundred thousand. According to the expectation, it will exceed one million in 2021, which makes our revenue a breakthrough. imagine that you can basically run 30–40 kilometers on one kilowatt-hour of electricity, and a circle of the earth is about 40,000 kilometers. Our charging service can already circle the earth 700 times.
We started a crowdfunding campaign in September this year. We also expanded our international pilot program and token settlement in southeast Asia. Our presale round had launched in September. After that more and more Defi applications would be developed. Please stay tuned and follow us.
@Knollhg
Almost 80% of investors have just focused on the price of tokens in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?
Guest:
It is a great question. From day 1 we know there will be tons of million charging stations there. Or even more. So we knew most of the current blockchain is not sufficient for this kind of real case. So we choose the proper DLT as the layer for the charging station network and still the asset layer by leveraging BSC-20.
We will adapt into the market maker’s module, which is now known as AMM in the market, allowing retail investors to carry out arbitrage actions. This process can help us deepen the liquidity and stabilize our price of YYE token more efficiently. Additionally, for users who help us increase liquidity, we will reward 1,200% a year to achieve a situation where both parties are profitable.
@Seiler1997
Truly, you’ve done AMA in many telegram groups, so what next, what other way will you make your project more popular?
Guest:
We will run other online events and consider meeting offline when the epidemic situation is better
@Seiler1997
Do your tokens have farming and staking usages and if yes what APR do you give to us? Does Your project have farming and staking usages and if yes what APR do you give to us?
Guest
yes, we have farming! https://yye-energy.io/#/farms
we provide very high APY.
@conchuota
Have you been audited? Have not heard you talk about that security of funds is what every investor craves for and plans to escape in case of insecurity if funds, scams, and rug pull? How strongly built is your security put in place?
Guest :
Our team is discussing the license with the Singapore government to ensure the legitimacy of our project.
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