AMA RECAP : CRYPTOSCAPE X YEETCOIN
Venue : Crypto Scape
Date :17 june 2021
Time : 12:00 PM UTC
Guest : Mr. KinToshiGG Heaven (founder & CEO)
He shared detailed information and his opinions about the project YEETCOIN.
#SEGMENT 1 : INTRODUCTION.
Q1 Can you introduce yourself and your team to our community and tell your crypto story?
*KinToshiGG Heaven Representing YEETCOIN:
I appreciate the ability to be here and share in the Yeetcoin DeFi and Social Money project overview.
My name is Kin, I am the project lead and founder as well as the operating parent company CEO. I also work within the technical development for the Yeetcoin DeFi and Social Money Project. I have been in the blockchain space since early 2017 working within the ethereum blockchain with solidity smart contract development. I migrated into the Tron foundation blockchain prior to its launch testing with a small group of other developers and entrepreneurs to launch the core nodes of the Tron blockchain as super representative candidates towards delegated node runners. Most of us have now since been replaced by large companies whom stepped in as delegates, groups and entities like Binance, Houbi, AntGroup etc whom are now fetching and processing the tron foundation core nodes.
I then helped in a variety of start up projects within multiple chains among dapps and bapps for corporate type ledgering products and gaming. One project I am still on board with is BlockNationXYZ which won a $1 million valued bounty of the KLAY crypto from the multiple billion dollar corporate led values company Kakao through the Klatyn Blockchain based out of South Korea.
I have also built out MatrixGamingIT.com tournaments engine with integration into the TryRoll platform for integration of a vested erc20 crypto GoodGameGold (GGG) for esports gaming and the social ecosystem. With this network and ecosystem still running and networking with esport organizations for competitive gaming which is a multi billion dollar a year industry. The GoodGameGold as well has been integrated into OpenSeaIO as a payment settlement cryptocurrency for NFT art and dapp/BApp gaming items.
The two partnered team members are Hiro and Chon.
Hiro is base out of Vietnam and works within finance and smart contract development, especially among decentralized finance products and services. He founded the BlockNationXYZ project that I helped procure and work still within to this day.
Chon and I let earlier this year and is enacting as technology officer and solidity smart contract lead developer.
Chon has worked within many vetted projects and for companies for smart contract development services and auditing.
The best way to track our team works is via our GitHub code repositories.
Q2 What is Yeetcoin all about explain it along with usecase and vision?
*KinToshiGG Heaven:
Yeetcoin is a decentralized finance and social money altcoin. The underlying code set of Yeetcoin is based on the solidity programming language. Our smart contract was originally forked from SafeMoon yet our team found some slight underlying issues with the SafeMoon BEP20 solidity code set as its V2 Router is pointed to V1 version of PancakeSwap which will cause part of reflective percentages to be stuck utilizing V2 slippages. Also most BEP20 reflective tokens like SafeMoon have no way to scale itself to dex’s like Uniswap and PancakeSwap when they upgrade to V3, V4 version and so forth longerterm. Our team has innovated the ability to point the Yeetcoin BEP20 smart contract to all new V3, V4 etc upgrades of PancakeSwap to keep upgrading with better performing slippages and dex features. For this reason the Yeetcoin smart contract will not ever be renounced by the parent company operator S-Corp “DEX Exchange Inc.”
Further scaling of Yeetcoin will be cross chaining Yeetcoin from a BEP20 to a BEP8 for ability to list on the Binance DEX for easier access to MainChain BNB, as well as we have already begun the organizational steps towards prepping for a $1 pegged BEP2 “StableYeet (YUSD), which will be backed by a float of BNB, BUSD and Yeetcoin for those whom wish to have a $1 pegged holdings entrance and exit to and from Yeetcoin holdings.
Yeetcoin BEP20 will be utility and for further staking upon our YeetSwap DEX buildout and with a continued project success we have prospects towards organizing and executing an IDO “Initial DEX Offering” service launch platform for secure and vetted tokenized project launchings with secure and competent tokenomics structure. This product service will be branded “IDOYEET” and will enable further
Liquidity and use case of Yeetcoin by way of launching a token project with Yeetcoin as launch fee payment settlement. These yeetcoin revenues coming back into our ecosystem holdings of products and services will be burning these Yeetcoin lowering the total circulation supply.
Yeetcoin is a reflective BEP20 smart contract token that enables yield farming from trading of buys and sells. This means that just by simply holding Yeetcoin longterm increases your yield holdings from others buying, selling and utilizing Yeetcoin. 5% redistributes to the LP and the other 5% redistributed among all remaining Yeetcoin holders based on the amount of holdings in a wallet. The more in hodl the more that is yielded.
Our altcoin $YEET we will be structuring a community governance together as well to give a decentralized nature to the communities voice included in what occurs and does not occur in our project longterm to give the community a full voice in the projects success.
Q3 You have plans to launch a stablecoin as well tell a bit as to how you plan to maintain it’s price???
*KinToshiGG Heaven:
StableYeet (YUSD) will be a BEP2 addition to our project upon the right stage for launch in our project roadmap. YUSD will be a $1 pegged stablecoin backed by a float of BUSD, BNB and Yeetcoin for those entering and exiting out of YUSD stablecoin. The enables true value retention of newly minted BEP2 YUSD that is backed by a basket of real assets of liquid value rather than inflated and printed like fiat monies causing ever growing inflation and devaluation of the dollar.
Q4 What are your tokenomics and the transaction fees charged along with what slippage you recommend once it’s launched to buy in your token?
*KinToshiGG Heaven:
Slippage is best at 12% yet our contract can scale with future upgrades of PancakeSwap and alike DEX’s which will enabled better performances and lowering slippage rates among being able to partake in all new additions and features that scaling V3, V4 etc dex version features carries.
The leading tokenomic protocol is a reflective design of solidity features and functions giving the ability of passive earning just through holding longterm Yeetcoin to increase yield holding. Trading burns Yeetcoin as well as buybacks and the Yeetcoin end products and services that revenues Yeetcoin back into the company holdings are not sold or liquidated back into the open market but are instead burned to continuously decrease the total supply longterm until only 21,000,000 Yeetcoin BEP20 are left in circulating existence. This will be the same catalyst for the cross chaining from the Binance Smart Chain BEP20 Yeetcoin to the BEP8 Yeetcoin at an eventual and appropriate event time within our roadmap for the ability to pair Yeetcoin BEP8 upon the Binance main chain DEX paired to main chain BNB.
Community governance will enable ability to also give open input into further scaling and tokenomic expanse if such governance decisions remain as competent events to help the projects continued success.
Q5 Majority of pre-sale happening nowadays are rugpull especially if it happens through dxsale so how you assure to our community you aren’t a rugpull?
*KinToshiGG Heaven:
Our presale will be in four phases. These phases are outline in our roadmap: https://yeetcoin.net/#roadmap
Round one will be performed through the Binance Gnosis Multi-Sig Vault with 10% bonus on all BNB participation’s. For example 1 BNB equals 100,000,000 Yeetcoin + 10% bonus = 110,000,000 Yeetcoin. Round two will carry 5% bonus, and round three of the gnosis multi-sig presale will carry 2.5% bonus. Once our multi-sig presale events close our final round DXSale with 1% bonus. 1 Yeetcoin par to BNB = 0.00000001 BNB.
Yes there are many rug pulls, to combat this and show transparency our LP out of the DXSale will be locked for one month where upon release will not be sold off or dumped but simply added to the LP to expand and continue to grow the LP value. Also in further transparency all BNB capitals from the first three 24 hour per each round BNB capitals raised will also allocated into the the PancakeSwap LP pairing of Yeetcoin with BNB. In regards to prove no rug pulling, we have filed our initial offering with the SEC: https://sec.report/CIK/0001805633
Our initial offering of Yeetcoin is filed with the SEC to raise an LP of up to $800,000 dollars worth of BNB and when this expands in the LP value/growth this filing will be amended annually with the SEC accordingly via the s-Corp parent and operating company DEX Exchange Inc.
June 30th marks our Binance Gnosis Multi-Sig presale. Three rounds of incoming BNB participation will take place where each round will be 24 hours long.
After these three rounds conclude the finalized DXSale will begin on July 4th to the 5th for 24 hours with 1% bonus: 1 BNB equals 101,000,000 Yeetcoin in dxsale. Upon migration of 100% of the BNB LP and launch of trading paired to BNB into PancakeSwap, 1 BNB = 100,000,000 Yeetcoin in par value and will be managed accordingly longterm through buyback and burns…
#SEGMENT 2 : TWITTER QUESTIONS
Q1)Can you tell us the history of “YEET” and how it took off? Also I’m curious about your project name Yeet, where did the word “Yeet” come from and what does YEET mean? Looking at your symbol, it’s look like kinda dancing? @Wormz29
*KinToshiGG Heaven:
Well I was following many of the meme tokens launching especially having been a long time holder of Dogecoin and the meteoric rise of ShibaInu ERC20, yet did not see any real utility of either except doge is power intensive mining which means there is a macroeconomic to its mining through way of mining hardware upgrades of chips, processors etc, and I randomly saw this skit on Saturday Night Live:
So I looked up the term Yeet and found this: https://www.dictionary.com/e/slang/yeet/
In brief: WHAT DOES YEET MEAN?
Yeet is an exclamation of excitement, approval, surprise, or all-around energy, often as issued when doing a dance move or throwing something. Another defined yeet yeet as an expression of approval, à la That’s what I’m talking about it! Yeet Yeet!
All around there is a social media culture around the term Yeet and this in my mind as a developer and entrepreneur in DeFi can connect long term easily with the general public in gaming and public figures whom have their own market value in the multi-multi million dollar range which is a connective audience our project will be marketed to for brining in new comers into cryptocurrency into a secure and SAFU project among speculative investors and community participants. We hope to net in support eventually from larger public figures whom love the yeet culture concept such as Jae Paul, LazerBeam and more.
Yeetcoin DeFi and Social Money as an altcoin with passive yield farming is meant to be a serious, yet at the same time fun and positive community driven experience long term with the protection of a transparent and sec filed s-Corp operator to show further steps of trust and transparency among speculative investors and those whom are more interested in simply holding Yeetcoin long-term.
Q2) “Gnosis -MultiSig Wallet Protection” Could you explain what this concept is and how would it benefit holders @emon845
*KinToshiGG Heaven:
Yes, the Binance Gnosis Multi-Sig vault contracts is a secure way to vest overhead float holdings of Yeetcoin and also for example backing of BNB and BUSD of the scaling into YUSD BEP2 as a stablecoin entrance from Yeetcoin BEP20. If YUSD were to drop below a $1 range as seen at times in alike $1 pegged stablecoins, then YUSD is bought on market from the backing float to retain $1 backed value.
In order to move any of the float from the Multi-Sig, multiple trusted wallets programmed to the gnosis vault must sign the transaction to move any BUSD, BNB or float holdings of Yeetcoin in order to release from the vault. These walkers are controlled and secured in encrypted ways by the S-Corp parent company DEX Exchange Inc.
Also all Yeetcoin unsold from the presale will ceremonially be burned, first the release of these amounts out of the Gnosis Multi-Sig vault will be signed by two executive escrow Wallets operated by the parent s-Corp. once all multi-sig wallet signatures have completed signing the removal of the Yeetcoin from the vault into a secure BSC Burn Address.
Most likely the Burn Address will be the same as where SafeMoon burned to at:
Q3) Do you have any plans to venture into governance, nfts, yield farming as they are trending nowadays @Zordan91017228
*KinToshiGG Heaven:
We will be performing a community governance formation via our official telegram channel and Discord channel as well as a private VIP Yeet Club for any holders with over 1 billion Yeetcoin in holdings will be added to the VIP YeetClub discord room where important announcements, updates news and events will be shared first and foremost.
Also community governance participation will reward with monthly BNB giveaway events.
Yield farming is automatic simply by holding and or trading Yeetcoin with BNB.
Our project is looking to integrate into the Binance NFT marketplace upon their product launch for payment integration of Yeetcoin as a payment settlement for NFTs like art, music and dapp/BApp gaming items alike to how I have helped integration of multiple ERC20 token smart contracts as payment settlement for NFTs via OpenSeaIO.
Also all of our YeetCulture memes and artworks alike to this will be minted as NFTs and buyable with Yeetcoin once Binance NFT marketplace has integrated ability for BEP20 tokens as payment settlement for NFTs alike to OpenSeaIO’s protocol.
Q4) It has been observed in 90% cases that whales dump the coins on the small holders so what are your plans to tackle such an issue @Andrewdj826
*KinToshiGG Heaven:
First off, many whales wind up being the actual developer team themselves dumping their free team allocated holdings as we saw with coin base executives at that dumped their share holdings after this public launch and stock listing. Our team has no holdings ever.
The way our team is revenue’d is via our end products and services from YeetSwap dex trade fee BNB revenues upon launch as well as through expanded commerce through Yeetcoin brand merchandise sporting the Yeetcoin mascot logo.
Our Yeetcoin mascot has the same color HEX as the Bitcoin B logo as our project will be Burning down Yeetcoin until only 21,000,000 remain longterm to some longer diamond hands nostalgic to bitcoins longterm maximum supply. This continuous burning of Yeetcoin will be through trading and also from company buybacks and burns. So if their are general public whale type holdings whom sell, our company will perform longterm buybacks of such instances which will then burn these amounts to lock in value retention on the open market.
We are looking to list Yeetcoin with Bitcoin on WhiteBit Exchange and with competent project success someday at an appropriate time if possible on Binance CEX.
Also in presale and dxsale there are capped amounts of maximum BNB participation which is capped at 150 BNB participation from a single wallet entity.
The maximum a single participant Wallet whom is looking to obtain Yeetcoin initially is capped at 150 BNB. If the community feels they would like to change of have a lower per Wallet participation cap we are open to discuss this together certainly to reach consensus leading up to presale launch events starting on June 30th.
Q5) What are your plans for mass adoption of your token and also tell a bit of advantages of your Dex over other Dex and when are you planning to launch it @Abc97341745
*KinToshiGG Heaven:
Marketing is a powerful tool, in this respects for example SafeMoon has to pull from their free team allocated holdings of SafeMoon to pay their way and continue paying for marketing. Our projects operating parent company has multiple products, retail business ownerships and pays the way not from project raised capitals funds from from its other business running’s profits alike to being able to perform buy back provisions.
Wherever our project scales to the company operator will fund public marketing into these events always. Networking with public figures in esports gaming and with high profile content figures interested in YeetCulture to expand exposure of Yeetcoin to a global audience longterm is one of our main focuses next to our product buildouts to utility Yeetcoin.
Also we will be working on networking with Charity : Water to give back 10% of all sales revenue profits of our Yeetcoin brand merchandise and gear that will be sold through MatrixGamingIT.com for charitable support initiatives which also will give more public exposure of the Yeetcoin DeFi and social money project by way for our enacting good in the world.
#SEGMENT 3 : TELEGRAM LIVE
Q1)Karoceh:
What do I need to join the YEET COIN presale? do you need white list and KYC to join this presale? and is there a minimum and maximum quantity that can be purchased?
*KinToshiGG Heaven:
Trust Wallet, MetaMask or alike secure wallet that can hold Binance Smart Chain BNB and function with DXSale phase. 150 BNB is the maximum amount a single wallet can participate to obtain Yeetcoin during presale.
Q2)Xavier Army:
For proposrity of an project their community is strongest point, so what are your plans to develop a well working n strong community?
*KinToshiGG Heaven:
Forming a community governance is a very important aspect and this will be done through daily and weekly voice discussion events in our @YeetCommunity for togetherness in this projects longerterm success as a community of Yeetcoin holders and utilizers whether it be a speculative investor or general public finding greater use cases expanses of Yeetcoin longterm as a payment settlement Altcoin.
Q3)dinkan_jnr:
I think $YEET uses #SAFUTECHNOLOGY !!!
Can you simply describe what it is and what are benefits of using such technology???
*KinToshiGG Heaven:
Yeetcoin is SAFU for the following reasons:
-Utilization of Binance Gnosis Multi-Sig vault contract from the start. SafeMoon was heavily criticized for not utilizing multi-sig vaults which we have not made this mistake as a competent developer team.
-Yeetcoin max cap per wallet during participation to help combat again monopoly buying massive amounts of Yeetcoin during presale events by one Wallet entity.
-Newly innovated BEP20 contract that can scale and upgrade to new V3, V4 and all future versions of dexs like PancakeSwap, this is the first of its kind and was developed and bug tested by our solidity developer team.
-Yeetcoin is SAFU in liquidity and LP expanses as a reflective token, 5% reflects back to the LP from sellers and 5% yields to all remaining Yeetcoin holders.
-Our YeetSwap DEX and IDOYEET product revenues of Yeetcoin will be burned and 10% of BNB revenues will allocated to Yeetcoin buybacks and burns.
-Yeetcoin branded limited supply collectible NFT artworks bought with Yeetcoin will burn these Yeetcoin and any of our Yeetcoin brand NFT artworks bought with BNB will allocate these BNB revenues to the $YEET : $ BNB pairing LP expanse on PancakeSwap.
-Yeetcoin brand merchandise sales revenue profits of fiat/BNB will allocate 10% to charitable causes, another 10% will allocate to the LP and all Yeetcoin incoming revenues spent on Yeetcoin DeFi and Social Money project brand merchandise will burn these Yeetcoin.
-Community Governance to keep community together for further implementation of the SAFU protocol.
Q4)ibrahem Sobhy:
Is your project a local project or a global project ? Can anyone use your services from anywhere in the world? Is there any restrictions of using your service?
*KinToshiGG Heaven:
Yeetcoin DeFi and Social Money project is filed with the SEC for Form D filings noted in the filing for international solicitation of offering as well as is noted for the entirety of the United States.
Q5)🔥🍑 Issac Brown 🍑🔥:
Do You Have Whitepaper If Yes and Secondly Do You Have Plans For Pre-Sale? Where Can I Join it?
*KinToshiGG Heaven:
Yes here is our official Whitepaper which will always be amended as needed:
https://drive.google.com/file/d/19Elj1CHxcx5JZI2bpxMmNmynh3rP5CDC/view
The presale will take place starting on June 30th first via a Binance Gnosis Multi-Sig vault presale event in three 24 period phases with decreasing round bonuses. The final phase will be DXSale event for 24 hours with 1%.
The presale events timer is shown on the https://yeetcoin.net official website landing page.
Here are also further important links:
📌Useful Links and Information:
📲Official Website: https://yeetcoin.net
📲Official Telegram Community: https//t.me/YEETCommunity
📲Official Reddit Community:
https://www.reddit.com/r/YeetCulture/
📲Official Discord:
https://discord.com/invite/mnjMRV5uCy
📲Official Twitter: https://twitter.com/YeetCoinCrypto
📲Official TikTok: https://vm.tiktok.com/ZMdY6PkE5/
✅ Verified BEP20 Smart Contract: https://bscscan.com/token/0x5abe90bc131aa33b6aa33efc88cf1837260bb11b
KinToshiGG Heaven:
Thank you yes, our public discussion event today is joinable via this link:
https://t.me/YEETCommunity?voicechat
These discussions will be taking place each and every day.
God bless your kind hearts, I pray everyone is staying safe during these times throughout the world.
I greatly appreciate everyone’s questions and inquiries, I apologize I did not get to answer all questions directly here but if you join at https://t.me/YEETCommunity I will continue answering and connecting together with you all via text chat answers and our daily voice chat event discussions.
This is not financial advice but always please do very carefully research into our project and any project for that matter to make a competent and careful decision about participation. And only ever participate what you can afford when putting capital investment into a project.
Best and kindest regards,
Kin
Thank you from CRYPTOSCAPE
