Review on Yakuza DAO by Benaiah A. Akinlade
YKZ: The ghost of YFKZ back to right the past wrongs
Yakuza DAO YKZ is an ERC20 token of the Ethereum blockchain. It was formerly known as YFKZ, a token that collapsed through the fraudulent activities of the owner. This prompted the community members to revive the project and renamed it. They also refunded all stolen YKFZ tokens. This new token was founded on Decentralized Flexible Organization platform where token owners are in full control of their assets. This approach was introduced to tackle fraudulent people in the cryptocurrency market, as the project was initially attacked. It is a community driven token that supports staking and yield farming.
If you want to buy YKZ, you can only get it through swapping or trading your BTC or ETH tokens. The trades currently trades on 1 active market which is UNISWAP, so you are automatically redirected to the uniswap website to buy YKZ. There are only 10,000 of YKZ tokens available.
Holders of tokens you can post their proposals and vote at the DFOhub page.
This project is packed with amazing features but its past may be a stumbling block to its success.
Pros
- YAKUZA compensated former holders of YFKZ to secure trust
- Project allows staking and Farming for holders
- You are fully in charge of your tokens
- It is a community centred project
Cons
- Only one crypto exchange is trading YKZ (UNISWAP)
- You can only buy YKZ with bitcoin and Ethereum
- The project currently need partners to make more profits
- Low number of tokens available in circulation makes it expensive to buy
- The token will be difficult to trust for investors due to its past
