YIN

$YIN DAO is a community investment DAO that merges the Oil & Gas Industry into web3, by utilizing the “$YIN” Token as its main utility token.

$YIN DAO is funded by “The $YIN Treasury”, which will contain 33% of the total supply. It will be locked in a multi-signature wallet & governed by the $YIN community. The community may vote & submit on investment proposals that generate more revenue back to the Treasury.

Oil & Gas is a multimillionaire-dollar industry, and we are utilizing our experience and business relationships to bring Oil & Gas into web3 through the $Yin Token & the Yin DAO.The community may vote & submit on investment proposals that generate more revenue back to the Treasury. Fifty percent (50%) of these revenues will continuously be used to increase the buybacks of $YIN tokens & increase its scarcity. The remaining 50% will remain in the treasury and also expands its overall value. Each buyback results in $YIN tokens being removed out of circulation, making the overall supply scarcer.

YIN DAO and the OIL & GAS Industry:
With the amount of Crude Oil & Gas recently discovered by Exxon Mobil, Shell and Apache at the shores of Suriname (South America), it is safe to say that they have discovered enough reserves for a minimum of 50 years.
The founders (who are Doxed on our YouTube channel + Whitepaper) have years of experiences in the Oil & Gas and have close business relationship with the local Refinery. With the preparations being made for Offshore drilling and the upcoming Turnaround at the Refinery, it is safe to say there will be multiple opportunities for the YIN DAO to invest in and make a sizable number of returns.

The overall YIN supply is locked in various vesting schedules. These tokens will unlock ones the ecosystem requires them to be unlocked (e.g. CEX listing & Marketing). Tokens will be locked again if the ecosystem doesn't require them to be in circulation.

See our Whitepaper for the full vesting schedule + detailed explanation how our DAO structure works