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The Yuan Chain team aims to build the largest corporate level blockchain based financial supply chain service platform, mainly by providing blockchain related services and technical support to corporations and helping SMEs to solve financing difficulties. “By connecting buyer and seller to the Yuan Chain blockchain system, all the transaction information can be recorded onto the blockchain along with receivables, notes, contracts and warehouse receipts.” The Yuan Chain community believes good corporations can accumulate credit records on blockchain and in turn uses blockchain to prove their creditability. Hence, once the blockchain-based creditability system is established, it will lower creditability or value transmission costs, which further solves asymmetric information problem faced by small and medium enterprises.
YCC token is essential to the Yuan Chain ecosystem, YCC provides the sole incentives for the blocks to continuously be built onwards. Additionally, YCC holders will be privileged with various free services. Last but not least, Yuan Chain team aims to provide SaaS to clients, so the more users to join the community, the more efficient the economy will be and the cheaper services can be provided.
We are over 200 person team with 70% technical and 30% operational and others. The team is led by former Oracle, Huawei and Alibaba talents who have begun research and develop blockchain technology since 2013.
Total supply:10 billion
Token distribution Early investors: 1 billion; The sale lock-up period: 3, 6, 12 months
Technical Department: 2 billion, 2% of the remaining amount released monthly;
Business Team: 1.5 billion, 2% of the remaining amount released monthly;
Enterprises using Yuan Chain: 2 billion, selling to those who deploy their internal operations on Yuan Chain; Users can use YCCs after purchase immediately. 2% of the remaining amount released monthly;
Public Welfare: 1.5 billion, contributing to support public service projects and public welfare contributions (education, medical treatment, pension, etc.) 2% of the remaining amount released monthly;
Founder Team :2 billion; 2% of the remaining amount released monthly;
Detailed Roadmap and milestones
In January 2018, YCC based on Ethereum ERC20 protocol could be stored and transferred in a wallet similar to Imtoken.
In February 2018, release version 0.5(internal test), complete the foundation framework, and release YCC wallet and assets;
In August 2018, release version 1.0, achieve multi-chain system and asset exchange across-chain.
In February 2019, achieve the basic framework of SaaS and IaaS, and achieve the credit score SaaS platform and the credit score IaaS system;
In August 2019, release version 3.0, achieve the supply chain financial SaaS platform and IaaS system, and build the completed ecosystem of software for supply chain finance.