1. Project Background
Yap Stone started in the Year 2008! Leverage generated by seigniorage and inflation caused by currency issuance shoud be granted to community and it will result in virtuous circle of economy.
YAP Stone will formulate Shared Economy platform that will distribute profits generated by the community back to the community that have contributed and become Key currency of Smart City with Cryptocurrency with credibility and guarantee.
Yap is a beautiful island located in the Caroline Islands in the Western Pacific region. It has a magnificent scenery with greenish coral reef, dolphins, and school of fishes.
The island had been using stone money and the value of the stone was decided according to the size, weight, and number of people who were sacrificed in the process of transporting the stone. Thus, the value of the stone was decided according to the history it had.
The limestone that was too heavy to transport also had value even when it was placed in the middle of the road or was located in the middle of the deep blue sea. The ownership of the stone was decided by an oral agreement, ‘The ownership of this stone is yours from now’. This is because people had absolute belief and trust for each other.
Yap’s system of certifying currency through notary service based on credibility is similar to the principle behind Blockchain’s technology.
Yap Stone was born under the idea of community spirit and mutual credibility, which are promised to be provided for every customer.
“YAP Chain” is a blockchain optimized for Smart City which is an urban operational system for organizations, shopping malls, and cities that will issue YAP Stone, and through the issuance of YAP Token, smart contract and DApp based on credibility and communality will be provided.
2. What's YAP CHAIN?
YAP Chain is an exclusive and independent blockchain ecosystem that has never existed and will become the core motive for Smart City.
It is a decentralized blockchain ecosystem that makes Smart City as a single unified computer that enables users to make smart payment, contract, MOU, voting, etc. without the involvement of a 3rd party thereby allowing users to enjoy a convenient and secure city life.
Smart City is built on mutual interaction of human, technical, infrastructural and organizational resources.
In the perspective of YAP Chain for the composition factors of Smart City, the technological structure will change the lifestyle of residence within the city. Thus, technology will be utmost important to make the city smarter.
YAP Chain is composed of YAP Stone, Smart Contract), and Yap Token.
- YAP Stone saves information Smart City resource generated by YAP Chain.
- When users approach respective industry, Smart Contract digitalizes the contract based on terms and conditions and makes agreement through connected YAP Token asset, completes the contract, and execution and implementation is carried out.
From technical aspect, Smart City developed through YAP Chain is considered as infrastructure and service as part of the blockchain technology.
In the perspective of YAP Chain, Smart City provides resources necessary for city life based on real-time recognition system via Smart Contract while advanced analytics help people to make intellectual decisions on solutions and optimize one’s underutilized assets.
Smart City developed through YAP Chain enables residents to live a happier, healthier, smarter, and a cleaner life while the company can provide sustainable, competitive and transparent capital based on innovative interface.
YAP Chain is confident to say that it can resolve the fundamental problems that Smart City holds.
Smart City developed through YAP Chain provides diverse strategic value-added services and eliminates failures or conflict of interest through YAP Chain’s core value of blockchain technology.
YAP Chain is an independent platform and issues YAP Stone via independent protocol connected to mainnet, and YAP Chain smart contract produces customized YAP Token to various industries. It can be supplied to the following industries:
- YAP Stone as a global currency in global Smart Cities
- ID card and various authentication sectors
- Domestic and International Remittance sectors
- On/Offline Payment Sectors
- Point payment/mileage sectors
- Chatbot (AI) sectors
- Security, IoT, Smart Home and Communication sectors
- YAP Token for other necessary purposes in Smart City
YAP Chain expects to consistently contribute in the growth of 4th Industry Revolution’s core business sector – “Smart City” industry.
3. Token Info
- Name: YAP STONE
- Ticker: YAP
- Type: ERC20
- Total Supply: 1,000,000,000 YAP
4. Useful Links
- Official Website: http://www.yapstone.pro/
- Whitepaper: http://www.yapstone.pro/assets/pdf/yap_stone_en.pdf
- Explorer 1: https://explorer.yapchain.pro/home
- Explorer 2: https://etherscan.io/address/0x245392ee7Ce736eC6A0908B67dC5d0a218230005
