In early 2018 the Yensesa team began working to solve the biggest issue facing Steemians and other crypto believers in the African community:
Converting hard-earned Steem / SBD into fiat currency without losing significant value to fees & poor exchange rates in the process.
By May of 2018 Yensesa solved this by integrating with the already existing digital mobile money system in Africa, operated by the Telcos called Mobile money. With Yensesa we allow people to exchange their Steem/SBD to local fiat within 5 mins, at the best exchange rate with minimal fees.
Since the public launch in May, Yensesa has seen great adoption of the platform. Every day we hear of people using Yensesa to exchange their Steem for daily expenses. This inspires and motivates the team to continue improving and delivering value for Yensesa users.
With Yensesa our users can now:
- Pay their electricity bills with their earnings.
- Pay hospital bills.
- Buy food.
- Transfer money to loved ones from their Steem earnings
Watch one of such amazing reviews from here
The Yensesa exchange launched in May 2018 and we have already processed close to GHC 7000 of Steem and counting. We seek to launch our service in Nigeria very soon, this will extend our amazing service to Nigeria’s growing Steem and crypto community.
By January 2019 we intend to have a fully operational exchange where you can trade most cryptocurrencies and allow withdrawals for African traders. We intend to be Africa’s #1 cryptocurrency exchange by 2020. To help support this growth we would like to offer our community a chance to grow with us. The Yensesa team has decided to create its own token which will be used to help give our users more perks on the platform and create a general income from its dispersion.
Yensesa Sharedrop
This token campaign will work like the EOS token campaign and will run on the Bitshares platform (the first implementation of the blockchain architecture powering both Steem and EOS). There will only be 10 million YENSESA tokens (10,000,000) ever created. 25% of these tokens will be distributed over a period of 360 days.
Allocation breakdown
- 2,000,000 : Share-dropped to the entire Steemit community. After the first 30 days, Yensesa tokens will be distributed at a rate of
- 1 SP : 1 YENSESA (Minimum of 10 Delegated SP)
- 1 SBD : 5 YENSESA (Minimum of 5 SBD)
- 7 BTS : 5 YENSESA (Minimum of 35 BTS)
Delegators will get tokens every 30 days at the same rate as long as they are still delegated to @yensesa until all tokens are disbursed or 360 days is reached. All remaining tokens after the 360 days window will go into the basic income project.
5,000,000: Allocated to community basic income program. This is how the Yensesa tokens will mostly be distributed. It will provide the African community members with a minimum income to help them take care of some personal needs.
500,000: Air-dropped to members of the community on Steemit and Bitshares. This program will support the promotion, marketing and growth of Yensesa. It will be rewarded to community members for services such as content creation, promotion and brand development.
1,500,000: Reserved for equal share between the current core and any future team member. These tokens are vested for 2 years to incentivize staff to grow their value and commit even more to this project.
1,000,000: Reserved for special community venture fund. These tokens and associated dividends are frozen for 1 year. After the end of the freeze, Yensesa token holders may vote on the use of these funds and dividends for the purposes of developing the project. Staff members are ineligible from voting on the use of these funds. This fund provides incentive for holders of YENSESA to participate in the community aspect of the platform.
How the 2,000,000 share-drop distribution will happen
At the start of the share-drop, 20% of the total share-drop tokens (400,000 YENSESA) will become available for distribution during a 30 day window at a rate of;
- 1 DSP : 10 YENSESA (Minimum of 10 Delegated SP)
- 1 SBD : 50 YENSESA (Minimum of 5 SBD)
- 7 BTS : 50 YENSESA (Minimum of 35 BTS)
The remaining 1,600,000 YENSESA will then be disbursed within 330 days. Depending how much SBD/BTS you send or delegation you have contributed, YENSESA tokens will be sent to you.
The share-drop will continue until all 2,000,000 tokens have been distributed or 360 days is up.
All contributions to the pool must be in SBD / BTS or Steem delegations;
To contribute to the pool simply delegate a minimum 10 Steem Power to @yensesa
OR
Send a minimum of 5 SBD to @yensesa, with your bitshare username as memo
THEN
- If you delegated send us a message on Steemit (@yensesa) or Discord with your bitshare username as the memo
- If you join via BTS (bitshares), a minimum of 35 bts is required. YENSESA will be sent to the bitshare address funds came from. Send your bts to : yensesa-coin
Once you send in your SBD/BTS or delegated, allow upto 24hrs for YENSESA tokens to be sent to you.
Any funds sent below the minimum requirement will be considered as a donation.
If you don’t have a bitshare account, get one for free through our partner bitshare wallet provider. Download Trusty App
Why Get Yensesa Tokens
Transaction Fee Discount: By holding Yensesa tokens, users can save up to 50% in exchange fees on Yensesa.
Liquidity Protection: Every month, Yensesa will use 20% of its income to buy back the YENSESA Tokens in the open market. All the YENSESA tokens that are bought back will be locked in the Yensesa User Protection Fund (YUPF). The YUPF is used to protect investors’ interests and compensate for possible losses when adversity occurs. The funds purpose is to ensure Yensesa will continue to provide value to is users even in tough times. The coins in this fund will not be in circulation they will only be used in case of an emergency.
Every quarter of the year, Yensesa token holders will vote on other promising tokens and they will be added to the exchange platform with possible giveaways for Token holders.
Exclusive Events for YENSESA Token Holders: YENSESA holders will enjoy exclusive events such as receiving tokens newly listed on the Yensesa exchange and other community giveaways.
Upvote : Token holders can use their tokens to get 100% upvote on their Steem blog post, or buy a Delegation of Steem Power
Value : YENSESA Tokens will continue to increase in value as it will be the distributed currency during the Yensesa basic income project launch. Yensesa Power is the only basic income project exclusively for the African Community with a total population of 1.2 billion people.
Yensesa Marketplace : Token holders will be able to buy and sell goods and services with YENSESA tokens on the Yensesa decentralized peer-2-peer marketplace across Africa.
Future Plans
Our future plan is to build the best decentralized crypto to fiat exchange in Africa with API’s to empower businesses to accept cryptocurrency for payment of goods and services to help cryptocurrency reach the massive audience.
Yensesa power (Basic Income Project), will be providing community members that joins with a $5 daily income by 2020.
Stay tuned because after our Nigeria launch we will be moving to Uganda, South Africa, Kenya, Rwanda and Cameroon. This will make crypto available to more than 312 million Africans.
Questions
If you have any questions about this Share-drop we are available for a chat on Discord
yensesa will be the napster of the fintech regime. Seeing all these visionaries on board.
Thanks @richforever
if yensesa is the napster you wanna then end up staying onboard, and investing in whatever ends up becoming the itunes lol and then create whatever becomes the steem version of pandora and spotify\
Hey you should create the spotify of africa for steem hahahaha just take music, stream it, allow people to chat and i dunno use smts to let people comment on songs i dunno gotta me some way to think outside the box on this one
But yeah man this is EXCITING
@ackza you have no idea the hard work im putting behind the scenes just to help attain our motto-financial liberation for all. Thank you for becoming an advocate from day one.
Yeah no I believe it man! i see you workin hard man, you can create your very own massive fortune , youll be working as partner as largest binance like exchange for Africa bro
I think we should start a DLive channel for yensesa to do daily updates and just make videos from USERS who are actually needing to use yensesa service, andhave tyhem make videos that show all of steem how easy it works, imagine some nice ukelele music in the background asd a user explains it lol
This is what we all use.... Its so progressive and useful in every way.. Hope to see many great development in the making..congrats @yensesa
Thank you @mcsamm for your continuous support. It really keeps us going.
So innovative, you guys should keep it up, the impact you're on lives is jux amazing, i have been using yensesa for sometime now and i can vouch for their service especially in terms of expedience
@nattybongo thanks man...
We hope you join our new program so we can really change your lives!!
Very impressive!
I saw Teddy's review and looks like he is now using your services. Very good progress.
Thank you @surfyogi
@surfyogi who is Teddy. Never heard of him before. But I'm glad he likes our services.
@richforever Teddy is @steemgh
oh ok. i didnt see this one coming. lol
we hope this will work and no spam.
YENSESA to the future.
Thanks @kojotyler23, we are here to stay and provide value.
We hope you join us in that future! make sure to download the Trusty App so you can get your first 50 YEN tokens!
Let us know when you have signed up and we will make sure you get your coins!!
You got a 22.05% upvote from @postpromoter courtesy of @yensesa!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
I salute the Yensesa project, especially seeing how the team is leveraging all the tools and technologies already available to empower the African Steem Community. They are solving a real problem by not re-inventing the wheel (using the telco infrastructure). Great integration with Bitshares Dex, Steem tokens, Trusty Wallet to make Yensesa token distribution works. I support this project. Keep on!
Thank you @pnc for the kind words and for supporting us since the very start. You have been an amazing supporter and contributor in every aspect of our journey. Thank you. Please comment with your bitshare username for your tokens from your delegation to us.
Your are welcome @yensesa and I wish you the best to make yensesa a dream come true project. My Bitshares username: dgbtech8
@pnc thank you. Your tokens have been issued to your bts wallet.
You got a 8.51% upvote from @upmewhale courtesy of @yensesa!
Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!
This has so much potential. Can we start delegating?
@juliusking Yes you can start delegating now... Kindly use any of the links to delegate to us and comment back with your bitshare account and we will send you your Yensesa tokens. If you don't a bitshare account simply create one with this app https://trusty.fund
Delegate 50 SP
https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=yensesa&vesting_shares=102530.639667%20VESTS
Delegate 100 SP
https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=yensesa&vesting_shares=205303.639667%20VESTS
Delegate 250 SP
https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=yensesa&vesting_shares=514303.639667%20VESTS
Delegate 500 SP
https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=yensesa&vesting_shares=1025303.639667%20VESTS
Delegate 1000SP
https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=yensesa&vesting_shares=2053030.639667%20VESTS
Delegate 5000 SP
https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=yensesa&vesting_shares=10253030.639667%20VESTS
Is 50 SP the least ?
@juliusking the least is 10SP you can delegate via https://steembottracker.com/delegation.html
Thank you.
Your post had been curated by the @buildawhale team and mentioned here:
https://steemit.com/curation/@buildawhale/buildawhale-curation-digest-06-28-18
Keep up the good work and original content, everyone appreciates it!
Yensesa is one of the best and easiest way to exchange sbd and steem into Ghana cedis.
Lovely piece @yensesa you have been chosen by @kofpato as the winner of todays vlog, do check @wafrica for more info
Thank you @wafrica.curators and @kofpato
#TBopt-out
@transparencybot is run by by @bycoleman who also runs multiple shill accounts to rape the reward pool. Ignore the hypocritical douche.