Review on Yakuza DAO by Thalhat Tee
Yakuza
CEOThe YAKUZA DAO is one such cryptocurrency that aims to clean-up the system while giving power back into the hands of people. YKZ is a community-driven decentralized token with yield-farming build atop the DFO platform.
The project adopts this special mechanism called the Decentralized Flexible Organization (DFO) that gives its users the flexibility several functionalities over the period of time and later decide how to use the treasury to generate value.
With the special DFO mechanism in place, the initial goal of YAKUZA will be to gain value on the treasury with the help of a liquidity mining program. The DFO platform will use different monetary policies to acquire highly appreciating assets.
These will be some of the confidence-building measures within the community to ensure growth for the long-term.
Building Trust Among the Stakeholder of YAKUZA DAO
As said earlier, the YAKUZA project aims to give major control of funds in the hands of the holders. Thus, they have issued all of the supply and the Liquidity Provider (LP) tokens to the DFO so that they are controlled only by its holders.
Holders of the YAKUZA DAO (YKZ) token will have absolute control over their investments that can be moved only via its proposal system.
The initial supply of YKZ is pegged at 10,000 tokens. 1.5% of the total supply is locked in the DFOhub wallet and has been reserved for the Generation Fees. Besides, 61.7% of the total supply i.e. 6170 YKZ have been kept aside as governance token locked with the YAKUZA DFO platform.
The holders of YKZ decide the monetary value of the token. These holders ensure that the funds are invested in the best possible way. The aim is to invest in a diverse variety of assets and bounties by improving the capabilities of the DFO platform and thereby secure long-term investments.
That's all.....
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Since the Grayscale Bitcoin Trust inception date on September 25, 2013, there are 471,022,700 shares outstanding and each share is worth 0.00095519 BTC per share. This week, digital currency proponents noticed that Grayscale scooped up around 17,100 BTC or $182 million using today’s exchange rates.
markets have done well in recent days and dominance is nearing 60% again. The cryptocurrency’s percentage change versus USD during the last year is up 29% and during the last 90-days, BTC has gained over 16%.
With 449,900 BTC held, Grayscale’s Bitcoin Trust has 2.14% of the entire 21 million BTC supply. As far as coins in circulation, BTC just passed the milestdjdyeone of 18,500,000 in circulation.ufudjSSydhchcFufufuf This means GBTC’s purse represents 2.43% out of the BTC currently in circulation.
No one knows exactly how Grayscale acquired the 17,100 BTC, but Microstrategy’s CEO Michael Saylor explained the efforts his company took to purchase the 16k BTC Microstrategy recently purchased.
“To acquire 16,796 BTC, we traded continuously 74 hours, executing 88,617 trades ~0.19 BTC each [three] seconds,” Saylor said. “~$39,414 in Dyduduxuf per minute, but at all times we were ready to purchase $30-50 million in a few seconds if we got lucky with a 1-2% downward spike,” Saylor added.
A number of BTC proponents also believe that companies like Microstrategy and Grayscale’s Bitcoin Trust snatching up vast amounts of BTC is bullish for investors. CEO of UK bitcoin exchange Coincorner, Danny Scott, tweeted on Sunday that BTC’s “foundations are getting stronger by the day.” 449,900 BTC held, Grayscale’s Bitcoin Trust has 2.14% of the entire 21 million BTC supply. As far as coins in circulation, BTC just passed the milestone of 18,500,000 in circulation. This means GBTC’s purse represents 2.43% out of the BTC currently in circulation.
Pros
- Yakuza DAO is profitable
Cons
- it is unpopular
