What is YeeToken (YEE)?
Caution: This is not financial advice. Every investment responsibility solely falls upon its investing entity. The contents of this post are my opinion, and every investor should do their own research before making any investments.
YeeToken (YEE)
What is YeeToken? It is currently an ERC-20 token, that plans to take off as an independent chain in the future. The token plans to be a blockchain social ecosystem, and a platform- an ambitious endeavor for a newcomer to the crypto space.
A notable feature of YeeToken is that it already has a working application on Google Play called YeeCall, a mobile service for video calls. The Token is planning to update this app to utilize blockchain technology and plans to add YeeWallet for fast transaction, and YeeNet for messaging. YeeCall claims to already have 400+ nodes, 5 data centers around the world.
YeeWallet scheme.
The token has big plans for the times to come and plans to evolve into an independent blockchain, and into a fully distributed communications network.
In the meanwhile, today, supporting a real-time video call is arduous work, and until it garners more network nodes and a fully grown chain, it must be a hybridized model.
All in all, the white paper seems well made.
The project's official website does not disclose who's working on the project, but the advisors.
(YeeToken Website: http://www.yeefoundation.com/home)
A notable point in the advisors is that Wu Yongming is an advisor, a former founding member of Alibaba, and currently the president of Vision Plus Capital. Another advisor is Wu Yunkun, president of the largest internet security company. There are many other big players in the field that are advising this project.
The token is having an airdrop event right now for joining the telegram channel.
(Link here: https://activityw.yeefoundation.com/yeeactivity/invite?u=NTA0NTkxMjg1)
This project is aiming high and trying to play big. So I expect there is more to come.
Disclosure: I am holding a small amount of YEE at the moment, and do not plan to make any changes in my holdings for 72 hours from this posting.