In early 2018 the Yensesa team began working to solve the biggest issue facing Steemians and other crypto believers in the African community:
Converting hard-earned Steem / SBD into fiat currency without losing significant value to fees & poor exchange rates in the process.
By May of 2018 Yensesa solved this by integrating with the already existing digital mobile money system in Africa, operated by the Telcos called Mobile money. With Yensesa we allow people to exchange their Steem/SBD to local fiat within 5 mins, at the best exchange rate with minimal fees.
Since the public launch in May, Yensesa has seen great adoption of the platform. Every day we hear of people using Yensesa to exchange their Steem for daily expenses. This inspires and motivates the team to continue improving and delivering value for Yensesa users.
With Yensesa our users can now:
- Pay their electricity bills with their earnings.
- Pay hospital bills.
- Buy food.
- Transfer money to loved ones from their Steem earnings
Watch one of such amazing reviews from here
The Yensesa exchange launched in May 2018 and we have already processed close to GHC 7000 of Steem and counting. We seek to launch our service in Nigeria very soon, this will extend our amazing service to Nigeria’s growing Steem and crypto community.
By January 2019 we intend to have a fully operational exchange where you can trade most cryptocurrencies and allow withdrawals for African traders. We intend to be Africa’s #1 cryptocurrency exchange by 2020. To help support this growth we would like to offer our community a chance to grow with us. The Yensesa team has decided to create its own token which will be used to help give our users more perks on the platform and create a general income from its dispersion.
Yensesa Sharedrop
This token campaign will work like the EOS token campaign and will run on the Bitshares platform (the first implementation of the blockchain architecture powering both Steem and EOS). There will only be 10 million YENSESA tokens (10,000,000) ever created. 25% of these tokens will be distributed over a period of 360 days.
Allocation breakdown
- 2,000,000 : Share-dropped to the entire Steemit community. After the first 30 days, Yensesa tokens will be distributed at a rate of
- 1 SP : 1 YENSESA (Minimum of 10 Delegated SP)
- 1 SBD : 5 YENSESA (Minimum of 5 SBD)
- 7 BTS : 5 YENSESA (Minimum of 35 BTS)
Delegators will get tokens every 30 days at the same rate as long as they are still delegated to 
5,000,000: Allocated to community basic income program. This is how the Yensesa tokens will mostly be distributed. It will provide the African community members with a minimum income to help them take care of some personal needs.
500,000: Air-dropped to members of the community on Steemit and Bitshares. This program will support the promotion, marketing and growth of Yensesa. It will be rewarded to community members for services such as content creation, promotion and brand development.
1,500,000: Reserved for equal share between the current core and any future team member. These tokens are vested for 2 years to incentivize staff to grow their value and commit even more to this project.
1,000,000: Reserved for special community venture fund. These tokens and associated dividends are frozen for 1 year. After the end of the freeze, Yensesa token holders may vote on the use of these funds and dividends for the purposes of developing the project. Staff members are ineligible from voting on the use of these funds. This fund provides incentive for holders of YENSESA to participate in the community aspect of the platform.
How the 2,000,000 share-drop distribution will happen
At the start of the share-drop, 20% of the total share-drop tokens (400,000 YENSESA) will become available for distribution during a 30 day window at a rate of;
- 1 DSP : 10 YENSESA (Minimum of 10 Delegated SP)
- 1 SBD : 50 YENSESA (Minimum of 5 SBD)
- 7 BTS : 50 YENSESA (Minimum of 35 BTS)
The remaining 1,600,000 YENSESA will then be disbursed within 330 days. Depending how much SBD/BTS you send or delegation you have contributed, YENSESA tokens will be sent to you.
The share-drop will continue until all 2,000,000 tokens have been distributed or 360 days is up.
All contributions to the pool must be in SBD / BTS or Steem delegations;
To contribute to the pool simply delegate a minimum 10 Steem Power to
OR
Send a minimum of 5 SBD to
THEN
- If you delegated send us a message on Steemit (
- If you join via BTS (bitshares), a minimum of 35 bts is required. YENSESA will be sent to the bitshare address funds came from. Send your bts to : yensesa-coin
Once you send in your SBD/BTS or delegated, allow upto 24hrs for YENSESA tokens to be sent to you.
Any funds sent below the minimum requirement will be considered as a donation.
If you don’t have a bitshare account, get one for free through our partner bitshare wallet provider. Download Trusty App
Why Get Yensesa Tokens
Transaction Fee Discount: By holding Yensesa tokens, users can save up to 50% in exchange fees on Yensesa.
Liquidity Protection: Every month, Yensesa will use 20% of its income to buy back the YENSESA Tokens in the open market. All the YENSESA tokens that are bought back will be locked in the Yensesa User Protection Fund (YUPF). The YUPF is used to protect investors’ interests and compensate for possible losses when adversity occurs. The funds purpose is to ensure Yensesa will continue to provide value to is users even in tough times. The coins in this fund will not be in circulation they will only be used in case of an emergency.
Every quarter of the year, Yensesa token holders will vote on other promising tokens and they will be added to the exchange platform with possible giveaways for Token holders.
Exclusive Events for YENSESA Token Holders: YENSESA holders will enjoy exclusive events such as receiving tokens newly listed on the Yensesa exchange and other community giveaways.
Upvote : Token holders can use their tokens to get 100% upvote on their Steem blog post, or buy a Delegation of Steem Power
Value : YENSESA Tokens will continue to increase in value as it will be the distributed currency during the Yensesa basic income project launch. Yensesa Power is the only basic income project exclusively for the African Community with a total population of 1.2 billion people.
Yensesa Marketplace : Token holders will be able to buy and sell goods and services with YENSESA tokens on the Yensesa decentralized peer-2-peer marketplace across Africa.
Future Plans
Our future plan is to build the best decentralized crypto to fiat exchange in Africa with API’s to empower businesses to accept cryptocurrency for payment of goods and services to help cryptocurrency reach the massive audience.
Yensesa power (Basic Income Project), will be providing community members that joins with a $5 daily income by 2020.
Stay tuned because after our Nigeria launch we will be moving to Uganda, South Africa, Kenya, Rwanda and Cameroon. This will make crypto available to more than 312 million Africans.
Questions
If you have any questions about this Share-drop we are available for a chat on Discord
