AMA SESSION WITH YEETCOIN IS NOW LIVE 🔴🔴🔴
By: Dex Exchange Inc.
Tags: Binance, Bitcoin, Blockchain, Binance Smart Chain, Cryptocurrency

Host — DAppCentre:

Hello Kin I welcome you on behalf of whole Dappcentre Official community for an ama session.

Speaker — Kin:

Thank you for having and me here for this AMA today. I appreciate also all participants here. I value your presence and interest in the Yeetcoin DeFi and Social Money project.

Host — DAppCentre:

Q1 Can you introduce yourself and your team to Dappcentre Official community and also tell how you got into crypto?

Speaker — Kin:

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Most of us have now since been replaced by large companies whom stepped in as delegates, groups and entities like Binance, Houbi, AntGroup etc whom are now fetching and processing the tron foundation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.

Within our team we have Hiro and Chon whom are both longstanding developers within the finance, blockchain and solidity development sectors.

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. Hiro recently completed his masters from University within the business sectors of banking and finance.

Chon and I met 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 with our main git repo of code pushes and commits for this project is housed at: https://GitHub.com/DEXExchange.

Host — DAppCentre:

That’s an amazing introduction given by you now heading forward to the next question.

Q2 What’s Yeetcoin all about explain it along with the usecase and vision?

Speaker — Kin:

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.

Host — DAppCentre:

That’s a nice detailed answer coming from your side and i really appreciate the efforts you put in crafting that answer to perfectionism.

Q3 What’s the security of your product and are you fully transparent?

Speaker — Kin:

All Yeetcoin during presale and future re-incoming Yeetcoin revenues from our end products and services functional with Yeetcoin will be held in Binance Gnosis Multi-Sig vault contracts. This 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.

These vaults 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: https://bscscan.com/token/0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3?a=0x0000000000000000000000000000000000000001

Further safety measures of our end products that have begun organization and planning towards buildout is through testing via testnet’s until any and all bugs are weaned out and seamlessly functional prior to any MainNet deployments of such end products and services that will be functional with Yeetcoin. These products I am mainly referring to is our YeetSwap DEX and with project continued success of the YeetSwap an addition of an IDO platform “IDOYEET.” By way of finding vulnerabilities and correcting these aspects we can ensure a secure and hardened products security. We also will be having a full audit performed and completed for all of our solidity smart contracts implemented within the Yeetcoin DeFi project starting with the Yeetcoin BEP20 contract in which we are currently in business communications with a few different corporate solidity auditor service providers. We may have two audits completed to have a dual review and audit completed to show further secure transparency of our contracts buildouts and code structures. We have an in house auditor solidity developer Srinjoy whom works part time in bounty works with our company.

In regards of further transparency is the aspect that our project is operated by a US based S-Corp that is filed with the SEC and has filed an initial offering disclosure with the SEC for Yeetcoin as a DeFi and Social Money project with a Liquidity Pool / Pool asset fund. We have the initial offering set for $800,000 of capital pool fund raising that will be housed in the Yeet : BNB LP upon PancakeSwap. Further LP growth will be amended always with the SEC as well as supply burn amendment events will be included within all future offering form D exemption filing amendments.

Host — DAppCentre:

That’s a satisfactory answer given by you to that question.

Now to move on the process of gaining more insights on your product.

Q4 How you plan to maintain the price of your stablecoin like what would be held in its collateral?

Speaker — Kin:

Great question. Thank you.

StableYeet (YUSD) will be backed by a float basket of BUSD, BNB and Yeetcoin netted from our end product revenues for extra float security as well as from those whom obtain YUSD BEP2 with BNB/BUSD and or YEET will house these currency asset types along with any buyback minted YUSD within our companies Binance Gnosis Multi-Sig vault. This ensures that no backing holdings can be compromised with a multi layer wallet protection that must all meet consensus to move any backed amounts from the vault for example in order to perform a market buyback of YUSD to retain its $1 peg. We see at times USDT/BUSD/USDC dropping below a $1 peg value to 0.99 which carries the same protocol to perform any slight needed buybacks from backing float to retain back a $1 USD peg value.

Again YUSD will retain its $1 pegged stablecoin value by way of a backed 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.

Host — DAppCentre:

Thanks for enlightening our community on that part.

Q5 Share in your roadmap and highlight the major upcoming plans.

Speaker — Kin:

Our roadmap first off may be viewed in full and will always be updated at: https://Yeetcoin.net/#roadmap.

In current events our presale will begin on June 30th until July 5th with a finalized DXSale event with ceremony burn of all unsold Yeetcoin and migration of the LP and pairing to BNB for trading and yield farming on PancakeSwap DEX.

First off our main roadmap event between Q3 this year into 2022 if all testing and launchings are not completed this year of YeetSwap DEX buildout. We are currently in the server organization and prep stages along with research into fork and rebuild of alike DEX’s Uniswap via ethereum chain and PancakeSwap housed in the BSC chain.

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 of Yeetcoin 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.

Within project continued success will be the prospect of an IDO launchpad.

Just recently we launched our Yeetcoin DeFi NFT Collection via Featured x Binance NFT marketplace collaboration. View our NFT collection here which will be expanding with many more NFT mints to come:

https://www.featured.market/nft/0xfa0071a4f57d680c6dd94c8a6b0e1bbd5177a57f

All NFT’s minted and sold from this collection carries a 10% commission fee. 5% of this commission fee is allocated directly into the Yeetcoin PancakeSwap LP (Liquidity Pool). The remaining 5% commission collected from our NFT sales and re-sales allocates out to perform market buybacks and burns of Yeetcoin.