Another FAQ segment and here is Part 3. If we haven’t already covered your question, please feel free to submit your questions for us to answer in subsequent segments. Here goes:
- What is Youthia?
Youthia is a mobile protocol network built on blockchain for youth commerce. The network captures and aggregates commerce generated by youth hubs into verifiable markets. There are millions upon millions of profitable economic activity by youth entrepreneurs that is locked out of mainstream structures. Youthia organizes it and then directs it into a protocol network.
- What is the point of the token?
The YTH native token powers the Youthia network and functions to keep the network incentivized to participate in consensus. YTH serves as the sole payment unit of the network and helps to generate transactional trade between youth hubs and mainstream consumers. There are traded and exchanged at a 0.7% burn rate per token. As a utility token, YTH is used on the network to pay for products and services, network fees, validate state changes and execute governance. Lastly, YTH is used to access tools and applications built on the Youthia network and helps keep Youthia self-sustaining, self-healing and self-thriving.
- How does the Youthia network practically work?
Youthia has a very distinct mobile-driven approach and process, and we are committed to keeping it simple stupid. A user will simply download a mobile-optimized blockchain client onto their mobile device.
- How many youth entrepreneurs are currently in the Youthia network?
2156 youth entrepreneurs, growing by 5% per week. The market for Youthia already exists.
- How can I be part of the Youthia?
Firstly, you will need to apply for the Whitelist and purchase Yth tokens when the Public Sale goes live. Stay tuned for all the details here: www.youthia.co
If you are a potential partner or stakeholder, you can send us an email at: partner@youthia.co
- How is Youthia different?
Youthia is uniquely responding to an urgent need to convert Africa’s youth bulge into a youth bulge. Operating within the most populous market, Youthia is working on solving the real problem of limited economic growth and trade with a new technological approach. We are tired of the old. We are pioneering the new!
- Who needs the YTH?
To participate on the Youthia network, you will need the YTH token. If you are a youth entrepreneur, mainstream consumer or trader, you will need the YTH. And generally, anyone who believes in Youthia.
- Why should potential users care about Youthia?
As the youngest continent in the world with the largest population segment being the youth, which is statistically getting younger every year, creating a youth-driven decentralized network makes intuitive sense to position Africa to cash in on its demographic dividend. With the potential to yield up to U$500 billion demographic dividends from strategic youth investments, this is not a market you can ignore. Youthia is providing a distributed platform that will drive this demographic trend to convert the youth bulge into a youth dividend. Better yet, this emerging youth economy will be organized into one place. Arguably as the world’s next frontier, you should care about the future. You should care about Youthia.
- The Youthia ecosystem is aiming to have developers working on the network. Does the team have notable partners signed up already?
Youthia is dedicated to building an incredible community of developers who develop applications and customized tools on top of the protocol to address different use cases for the emerging youth economy. We are currently in talks with two global companies who will help us source the best African and global software development talent.
- Where can I access the Youthia Whitepaper?
You can access our 22-page Whitepaper at www.youthia.co.
- What does the roadmap look like for the rest of 2018 and 2019?
The roadmap is detailed in the Whitepaper at www.youthia.co.
That’s all for Part 3. Again, please let us know if you have any questions and we’ll address them. In the meantime, please visit us at: youthia.co
Thank you!