AMA Recap 404DailyCrypto with Yugo Token
Hello 404 Daily Crypto Community
On the 2nd of May 2021, at 6:00 PM UTC (01.00 WIB). We just successfully hosted our 35th AMA with Yugo Token, with our guest from the Yugo Token team:
- @Cpzao1, Yugo Token team
Many of you might have participated or many of not, So here we are up with the AMA transcript for those who missed the AMA session.
Introduction Questions Asked By 404 Daily Crypto Team
Please introduce yourself and your team please! What you did before crypto, and how you got into crypto?
We are a group of 12 crazy bold Balkan guys (junior and senior developers, designers, marketing experts). Most of us working in their field of expertise and most of us entered the crypto world in 2013/2014.
Q1. Can you briefly describe what is Yugo Token?
We would like to know more about it and how it works.
𝗬𝗨𝗚𝗢 𝗶𝘀 𝗵𝘆𝗽𝗲𝗿𝗱𝗲𝗳𝗹𝗮𝘁𝗶𝗼𝗻𝗮𝗿𝘆 𝗿𝗲𝗳𝗹𝗲𝗰𝘁 𝘁𝗼𝗸𝗲𝗻 𝗼𝗻 𝘁𝗵𝗲 𝗕𝗶𝗻𝗮𝗻𝗰𝗲 𝗦𝗺𝗮𝗿𝘁 𝗖𝗵𝗮𝗶𝗻. 𝙈𝙖𝙞𝙣 𝙤𝙗𝙟𝙚𝙘𝙩𝙞𝙫𝙚 𝙞𝙨 𝙙𝙚𝙫𝙚𝙡𝙤𝙥𝙢𝙚𝙣𝙩 𝙤𝙛 𝙬𝙚𝙗 𝙖𝙣𝙙 𝙖𝙣𝙙𝙧𝙤𝙞𝙙 𝙖𝙥𝙥𝙡𝙞𝙘𝙖𝙩𝙞𝙤𝙣 𝙛𝙤𝙧 𝙥𝙧𝙞𝙘𝙚 𝙘𝙝𝙖𝙧𝙩𝙨, 𝙩𝙧𝙖𝙙𝙚 𝙫𝙤𝙡𝙪𝙢𝙚𝙨, 𝙢𝙖𝙧𝙠𝙚𝙩 𝙘𝙖𝙥𝙨 𝗮𝗻𝗱 𝗺𝗼𝗿𝗲. 𝗟𝗼𝗻𝗴 𝘁𝗶𝗺𝗲 𝗴𝗼𝗮𝗹 𝗶𝘀 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗼𝗳 𝗬𝗨𝗚𝗢 𝘀𝘄𝗮𝗽 𝗽𝗼𝗿𝘁𝗮𝗹.
Q2. How was the idea to create this project born?
What do you want to achieve? What are your expectations?
The idea was actually born while we have been discussing how thousands of new projects on Binance Smart Chain pop up every day. Very few of them actually fulfill the goals they have in the roadmap and 90% of them are a Rugpull. As mentioned in the previous question, we want to achieve the roadmap we made, and since we are bold crazy Balkans, nothing can stop us.
Q3. How has the experience and background of your team been effective in the success of your project so far?
We started a project as a meme token trying to pull out the best jokes on old YUGO car. Meanwhile, we realized we are all experts in certain fields of project development. So we decided to go further and beyond meme token and create a utility to support the project.
Q4. Can you give an overview of Yugo Token tokenomics?
Will the design of the token rise and fall with the success of the platform, does it include any scarce paths, such as equity, storage, or burning?
- Total supply: 23,528,230 🚘
- Fair launch 🔥
- No dev tokens
- 20% fee is charged on each transaction 🔥
- 10% of fees are distributed among token holders 🔥🔥
- 10% of fees are burned forever 🔥🔥🔥👉
YUGO is hyperdeflationary token where 10% of each tx is burned and 10% distributed among holders. Hyperdeflation will ensure us low supply and token price going up over time. Also, holders will get various benefits for holding on to upcoming charts and swap web apps.
Q5. What is the plan Yugo Token to ensure sufficient liquidity on exchanges to fill market orders, especially as adoption increases and clients begin multiplying year-over-year?
We are in process of creating several services behind Yugo token. As mentioned in previous answers, yugocharts, yugorocket, yugoswap and yugomerch. We already have some sample of yugomerch actually. And as a surprise for your community, we would like to giveaway 3 t-shirt’s to 3 members that join @yugotoken and contact one of the admins.
Questions asked on Twitter for Yugo Token team
Q1 From Twitter username @gintan50314007
As a novice investor I don’t really know the purpose of your project can you explain a little reason I should invest in your project? then if I want to ask a little about your project where can I send my question?
Glad you asked that. Most of your question is already explained in telegram questions. Holders will get incentives for holding $YUGO once yugocharts released while right now you can get a portion of 10% distribution for holders. Also, our team is available @yugotoken 24/7 for any questions.
Q2 From Twitter username @lehien2667
Can you talk about the future plan of $YUGO?
and How can I contribute to the development of $YUGO?
Future plans are already answered in telegram answers. However, if you wanna join the team and help with development you can always contact us. We need Your skills!
Q3 From Twitter username @lehien2667
What is the most ambitious goal of the project? I would appreciate it if you could share with us any upcoming updates? What should the community look for?
Most ambitious goal? Yugo swap definitely!
Q4 From Twitter username @Alexnur65
What is the current Busy record? As a fan of Busy, I expect my favorite project to be listed on major exchanges. Do you have any plans for this?
Never heard of Busy. Feel free to DM us with more info.
Q5 From Twitter username @lucky_mbu
The number of security incidents in this market keeps increasing, like frauds, hacks, and so forth. How could investors ensure the safety of their cryptocurrencies while using your app?
We applied for an audit that meets the highest security standards. We care for our investors. Keep an eye on our community chat and stay tuned.
Questions asked by our 404 Daily Crypto community members during live Session to Yugo Token
Q1 From Telegram username @noman_777
What do you think about NFT? Do you have any plan for implant NFT on your ecosystem?
We already have an NFT collection :)
Q2 From Telegram username @siam240
As a community-driven project and me a developer am interested in contributing to the project, do you have such programs?
Of course! We welcome all newcomers to our team.
Q3 From Telegram username @fhbdt
What is your revenue model? In which ways do you generate revenue/profit?
None yet. We will generate revenue as soon as we finish our products.
Q4 From Telegram username @SkyNamNai
Hi Sir, Where can I buy Your tokens?
Pancakeswap. Check pinned @yugotoken
Q5 From Telegram username @Sexy_Babys1
Which area you are the focus on now? Can you share, your top priorities in 2021?
The main focus is to release yugocharts within next week. Also to deliver audit for our investors.
Here are some important links of Yugo Token
TELEGRAM GROUP: https://t.me/yugotoken