As you may know a large part of Yensesa’s future is reliant on the further growth of our community exchange. This exchange will be administered by the Yensesa team and provide our members with ongoing perks for their activities.
The yensesa platform will provide Crypto to Fiat exchanges and Crypto to Crypto exchanges (where applicable). This will help solve the problem of hefty conversion fees in developing nations when it comes to crypto transactions.
Who is a Trustee
Yensesa Trustees are fiat merchants in the various countries yensesa will be operating in. They are responsible for making sure that there is enough fiat liquidity within the Yensesa ecosystem. Trustees will be voted on by the Yensesa token holders and when approved will be asked to send Yensesa some basic KYC information.
After approval a trustee will be given a choice of merchant level that depends on their desired exposure.
- Bronze trustees provide between $100- $1000 to the reserve
- Silver trustees provide between $1,001- $5,000 to the reserve
- Gold trustees provide between $5,001- $15,000 to the reserve
- Platinum trustees provide $15,000 or more to the reserve
In countries that requires regulations, Yensesa will work with the selected Trustee to help them get legally registered and certified by law.
Trustees can choose from any one of the fiat currencies we support, to send their reserve including GHC, Naira, Peso, Rand, and Shilling. More currencies will be added in the future. Each trustee's deposit lasts for 90 days or until used up.
65% of the trading fees collected on the Yensesa exchange will be set aside in a Trustee Fund, and distributed monthly to Trustees in the following manner:
- Bronze Trustees will receive 10% of the trustees fund
- Silver Trustees will receive 20% of the trustees fund
- Gold Trustees will receive 30% of the trustees fund
- Platinum Trustees will receive 40% of the trustees fund
Trustees also get additional perks on the Yensesa platform;
- 70% discount on transaction fees
- 50% free upvote service on their Steemit post
- 10% more tokens on airdrops from listed tokens on Yensesa
- And so much more to come
Trustees will be able to navigate to our Trustees Area on Yensesa.com (coming soon) to manage their deposits and view rewards information. You will also be able to toggle between the cryptocurrencies available to be paid as rewards in the Trustee's Area.
Only a limited number of Trustees will be selected in each country.
How to become a Trustee
- Write a post on why the community should select you as a Trustee
- Tag the post
YensesaYensesa-Trustee - Share your post link in our Trustee Voting channel on discord https://discord.gg/F3KygFs