In this Rainbow Currency Overview we have covered everything about YEM in detail, if you found it difficult to understand now you can comment your question below the article.
Update: On June 21, 2018 the Rainbow Currency Foundation publicly announced that the minimum value per YEM is fixed at US$0.01. CryptoCoinStreet is now the only official exchange for Rainbow Currency. Click here to read the full OFFICIAL Announcement in PDF.
The Rainbow Currency; is created by more than 3 thousand people (Internet Users) from 157 different countries; this is the Crypto Currency launched by people for people. Rainbow Currency; is controlled and represented by a non-profit corporation called “Rainbow Currency Foundation” and it has seven different candidates from seven different continentals to serve people of their continental.
Members of the Board
Rainbow Currency had its so called; ICO in early 6th Nov 2017 and it ended on 17th Nov 2017, During the ICO period; more than 7 thousand people participated to buy Billions of YEM. Rainbow Currency starts to trade in real world crypto market in the last week of November 2017 and still trading in the open market. To watch the list of exchanges please visit this page “List of RC Exchanges”.
This is the crypto world now a days and more and more new crypto currencies are coming in the Market each and every day with different business models and some future expectations, to understand about any Crypto Currency and its project we have to look into its structure or model of business and then realize and make decision about that Currency.
When we look into deep so most of the projects out there are no longer here to stay and will not be existed in near future because of unreliable business model, very few of them are here to stay for long term and to find those crucial Crypto Currency projects you have to research and study deeply about their projects. Note: (To understand and study about the “Rainbow Currency” that how strong and long term the business model they have where it is the main Currency being accepted) ; please just read my article “Safe Zone intro/review”).
As compare to other Crypto Currencies out there; When it comes about the “YEM” so have in mind that; this is the currency within the “Safe Zone” as a payment option and on top of that; you get five percent discount when you pay with “YEM” and Safe Zone is an open network so more and more businesses are accepting it as a payment and Safe Zone has a goal till the end of 2019 to be reached (One Million) businesses within the Safe Zone accepting it as a payment option all over the world.
Rainbow Currency is not just for online shopping but also for Local POS (Point of Sale) very soon and as you can see with its slogan that; it has the aim to be our everyday Money and it would happen for sure because of various factors you are going to learn below.
There are only 100 billion YEM in total and out of those 100 billion, 40 billion YEM are circulating in the Market at the moment and this number will never increase, means it can never be more than 100 billion YEM ever. This means as more users worldwide uses Rainbow Currency as mode of payment, the demand for Rainbow Currency will rise while the supply will not exceed. These two market forces will result into price of Rainbow to rise up.
As we can see that all the facts described above are real facts and indicate that; there is a great potential in the YEM to grow faster than any other Crypto Currency out there in future.
Just imagine about a digital currency which is right from the beginning several businesses accept it and is the main currency for the “Safe Zone” which means as much as businesses join the Safe Zone in future so they all will be accepting it as a payment option. So we can see a great potential for a long term sustainable growth and this is for sure that Rainbow Currency is here to stay for a long term and will reveal its secrets to the world.
Imagine what will be the price of a YEM when Safe Zone got thousands of millions of businesses accepting (YEM)? Of course! It would be much higher than expected hold on your YEM for great future potential.