Topic: Yocoin - Insurance Based On Smart Contract - page 8. (Read 21007 times)

heard about planned swap for YOC is it for real?

Source is gone, forget this.

Insurance is a quite needed option. Good luck!

Anoda scam coin

I was just looking into this coin and reading your comments.  There is an exchange at coinpayindia.com.  I know nothing of this coin or this exchange so don't assume that the exchange is legit.  Do your due diligence.

Perfect deal is a motivation for small eTrader like me.Hoping for more brighter future.

It was Yo-ex.com, exchange closed. They have announced a new exchange coinpayindia but not launched yet.

Can someone give me a link to yocoin official exchange, i heard that they have their own exchange? I tried googling it but could not find it, is the yocoin exchange still operating?

Coin LOGO? circuit diagram? Like a story?

Yogold marked for delisting again at C-cex, lets see if it gets past through this time.

Yo-ex exchange closed, wrote to support but no answer. No news on coinpayindia, just waiting to sell on any rise upto 100 sat.

Don't invest on this shitty company... iv'e wasted $850 on my 6 invested accounts and it's almost a year now since i put money in.. and still the crappy coin value hasn't change a bit, they put such promises on their boards and even on their chat support, it's not only me who's raging about the crypto value even my damn downlines from it's MLM function, they keep pm'ing me when will the damn coin increases.

Such news is not entirely encouraging ... Perhaps, closer to the autumn, we will see at least some activity of the team.

Well, here is the link to the "Newsletter":
https://caryswgn.wordpress.com/2017/07/10/yocoin-update-july-1st-2017-surprise-job-offer-at-the-bottom-of-this-letter/

To me Yocoin looks like the same process over and over again. Reeling in people for money in order to get rid of their own cryptocurrency.
There has been no activity on their Github:
https://github.com/yocoin/20-5-fork

Also, "Yocoin15" hasn't been online on Bitcointalk for two months now.
If they want this to succeed, they should consider being more active. Else they will never get money from people .

LOGIC:

Ponzi is a glorified scam


Yocoin is a Ponzi


CONCLUSION: XXXXXXXXXXXX (investors count your teeth with your tongue)

This is dead isn't it?

Why YOcoin going under value??
Block explorer still fork/off/maintenance?

If YOC going 10 satoshi, i will buy back..

I gat this yestrday


Official Newsletter of YOcoin June 30, 2017

A new day is dawning for YOcoin and as promised here is the next Newsletter. Before we go into all the announcements I wanted to provide some valuable information on how our Cryptocurrency market works.

Like all other Cryptocurrency platforms early adopters and supporters funded the projects while demand was increased. The open market would then respond based on the size of the community that supported the token and the demand that was observed in the open Market.

In the early days of Bitcoin the going was slow until “Big Money” stepped in and bought up the available supply but with the intention of holding and not dumping. This then caused other “Big Money” to do the same and this of course reduced the supply but at the same time increased the demand which caused the price to go up.

At YOcoin our goal initially was to do the same thing. Early supporters came in and our community grew and now we are over 200,000 members but the supply is still greater than the market demand and this is one of the key reasons for the low price.

No excuses will be made as to what has contributed to this as it won’t do any good. The key point is that you understand that in order to move this and increase value we all need to support and create the activities that are known to do exactly that.

Our plan moving forward has a number of steps that need to be done and in our last Newsletter we started with our New Master Distributors and the Advisory Group. These are currently being activated and announcements will be made in the next Newsletter.

Step Two:

To bring back confidence amongst our members there will be a few things that we will be doing to assist this and regain your trust.

ONE: If you are owed a commission please send in a request from your Back Office.

TWO: The redemption process will be operational as of the 1st and you may choose to redeem your YOcoin or take another action that is going to be made available.

Please let me remind you here that the price of YOcoin is dictated by the demand in the market versus the supply available. Therefore if the market is flooded with YOC the price will be driven down even further so to make this perfectly clear I wanted to remind you of that. Our strategy is to go the other way and build value properly but we need your support.

If you look at Coin Market Cap and the trading of Bitcoin, Ethereum and Dash the amount of volume traded versus the total value runs between 2.87% to 7.7%. A very small amount of trading compared to the overall value which means that the majority of supporters are holding which reduces the supply, increases the price and increases the demand, a very simple process.

If we as a group understand this then we can all look forward to much higher values for YOcoin and YOgold. If for example we could reduce the current supply from 105 mil down to 50 mil outstanding YOC and increased the demand and if the value then went up all of us would have a much better opportunity at increasing the value of our holdings. So please think carefully about what you do as it will have a profound effect on our future.

STEP THREE

We need to then reduce the number of YOC and we need to increase the demand in the market for both YOGold and YOcoin and here is how we want to proceed.

OFFER:

YOcoin will convert up to 55,000,000 YOC to YOG through a conversion program.

YOcoin will offer a value of .20 cents for each YOC and that value will then covert to YOG at the current Market Price of the conversion.

Example:

20,000 YOC @ .20cents = a value of 4,000 conversion points.

YOG current Market Price .27 cents

Number of YOG after the conversion 4,000/.27 = 14,814 YOG

Now the member has 14,814 YOG at a value of .27 cents versus the YOC at a value of .007 cents.

Now if you review the YOG program this is a program where the holdings are backed by gold purchases and held as security against the initial investment.

In order to comply with this and ensure every member that the Gold is purchased and is under contract YOGold will provide independent statements for the total amount of Gold being held as security.

In order to fund this and maintain our operations and customer support the ability to convert will depend on the purchase of a new YOgold package.

Example: you originally bought 10,000 YOC @ .15 cents for $1,500

Now you want to convert to YOG

The conversion value is then 10,000 * .20 = 2000

The YOG value is say .27 cents so you would get 2000/.27= 7,407 YOG

This would mean that your value has now increased from your original purchase and in order to make this happen you would need to purchase a new YOG package for $500.00 which would give you an additional 1,851 YOG at the current price.

Here are the conversion amounts and the corresponding required packages

Conversion Amount   New YOG Package

Up tp 1000 YOC   $50.00

Up to 2000 YOC   100.00

Up to 5000 YOC   250.00

Up to 10000 YOC   500.00

Up to 20,000 YOC   750.00

UP to 100000 YOC   1000.00

Up to 500,000 YOC   1500.00

Any amount over 500,000   2000.00

P.S: All package upgrade for the swap process will only be entertained from CASH WALLET ONLY. No upgrades other than CASH WALLET will be entertained or qualify for the SWAP process.

You can find the SWAP link on your back office dashboard.

As a benefit to all members we will guarantee that the price you pay for the New YOG package will be the same price as of the date of your conversion. We expect that as soon as the word gets out there will be a lot of interest in the market place and we don’t expect the price of YOG to remain this low for very long.

So we encourage you to act quickly. Full instructions will be loaded into the back office as to how you can place your new orders and convert your existing YOC to YOG. As an added benefit to members who do convert and after their conversion has been completed we will allow those members to buy New YOG packages at a discount of 25% off the then current market price as represented on Coin Market Cap. You will want to pay close attention here as this will tie in to the next step of growth and development. We anticipate the conversion process to take between 60 to 90 days if everyone acts quickly and responds to this valuable offer and during this conversion time no coins will be released until the conversion process has been completed and everyone who wishes to convert has done so.

You will however be able to purchase additional packages once your conversion is complete. In the back office there will be conversion form which will need to be filled in and then sent back through the system to validate your request.

This is an exciting turn of events for YOcoin members and we are looking forward to our mutual success.

STEP FOUR

As you know there has been an issue with Network Marketing and it seems that this style of marketing has posed some restrictions and controversy so in the US and Canadian Markets only at this time all Affiliates will be placed in a new organization as Members of the NEW YOCLUB.

The New YOCLUB will be a membership driven program that provides members with exceptional benefits in the New World Economy driven by Cryptocurrency. This Club will provide the ways and means to use your Cryptocurrency through education modules, trading platforms, discounted service providers, usage and many other activities in living one’s life.

Members who join the club will have access to all these benefits as well as access to purchasing Cryptocurrency and utilizing such for their own purposes.

Members will be educated properly so they can each take advantage of the Cryptocurrency arena and the YOCOIN and YOGOLD tokens.

Members will have the opportunity to buy direct through exchanges which will then help create more demand and increase value long term.

Members will be able to invite new members to join the club and will be able to receive rewards for doing so. All of which will be explained in the policy and procedures of the NEW YOCLUB.

With the right marketing and PR the value to join the New YOCLUB will be high and this is how we intend to grow value and use for the long term.

The cost to become a member is estimated to cost $49.99 per year but the value included will be worth 10s of thousands.

As a Member one will want to purchase YOC or YOG from the open market which will open up the door to being able to purchase further amounts at a discount as a member.

A member will be educated on how to trade their Cryptocurrency or mine others.

We are intending to provide a travel program where members can get big discounts and earn extra tokens for use.

We have our Insurance program which will be introduced where one can protect their Cryptocurrency holdings

Members will also have access to YOpay a fast secure and non fee system for accepting payment in YOC or YOG.

And there is more but this I will leave until we launch YOCLUB coming August 1 2017 or sooner.

There are plenty of activities that need to be accomplished to make sure that all members of YOcoin and the New YOCLUB receive and please as we make these changes understand that there may be some glitches but we will make sure that we do arrive where we are supposed to be.

Our Advisory Group had its first meeting on June 29th and provided excellent feedback and suggestions to our new program which we will definitely look into to add to the program.

In the meantime I will have plenty to do to keep up with the conversions, commission payments and product development. We at YOcoin need your cooperation to remain supporters and early adaptors until we reach that make break point where demand out reaches supply and we really start to soar as the number 4 and 5 Cryptocurrency.

Let the conversions begin.

S Banerjee
CEO & Founder
YOCOIN

And whence such conclusions? Give me a link, where it is proved that this is a fraud.

I was just reading this thread, and all the description/presentation are flawless, and i just don't thought that its just a scam.
Thanks guys for the information.