This Post is Updated on June 2022

The name Twnklchain is now replaced with YEMChain. Twnklchain is no longer officially the name. Only YEMChain is the Official One.

May 2022 Updates!

Opening YEMChain for third-party tokens

We are happy that more and more third-party projects select our YEMChain for their tokenization needs.

Some of them are:

Valuable Minerals Token

Green Steel Token

Social Network International Token

International Movie Token

Vacuum Transportation Token

International Clean Energy Token

These are just six out of more than 10 projects that already decided to prefer YEMChain over other blockchain options. Please understand that the YEM Foundation is not involved in, or connected to any business activity. Thus, a token being set up on the YEMChain does not mean that the business model or offer behind the token has been checked or approved by the YEM Foundation.

The YEMChain is just the technological framework for these tokens. We, as the YEM Foundation, take care that only fully registered businesses in good standing are accepted, but there is, and there can never be any guarantee for success.

The best-known blockchain for third-party tokens is the ETH blockchain. And there is an ETH Foundation as well, and nobody would even think to blame the ETH Foundation for the quality of any of the tokens that are there, and of course, nobody is giving any guarantee there either, for anything.

So it is super important to understand that the YEM Foundation is not involved in, or connected to, any business activity!

Each token that is setup on the YEMChain means that there is a fee paid for every transaction being made, and that fee is paid in YEM. So that means that every token on the YEMChain is increasing the demand and the usage of YEM constantly. And that is very good!

And of course, the more people come to the YEMChain through these third-party tokens, the more people learn about YEM and are maybe becoming interested in YEM as well. These are all positive effects and the reason why YEMChain is opening for third-party tokens!

In the near future, we will have a page online where third parties can fill out a form and apply for being setup on the YEMChain. So there will be no open gate where everyone can simply set up whatever they want, but there will be a way for applying. And we are certain that we will have many more interesting tokens over time, that will be listed on the YEMChain.

And it is very important to understand what this means. It does not mean that you can automatically buy these tokens with YEM. It just means that the YEMChain is the blockchain where these tokens can be found. Their project managers have chosen the YEMChain because of all the benefits we provide: the privacy, security, tax value display, the bank level KYC process etc. So we fulfill all those regulations that are the key points why YEMChain is attractive for other projects.

Today we are going to learn about YEMChain.

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Important Note: The Trading SYMBOL for Rainbow Currency has been changed from TWNKL to YEM, stand for (Your Everyday Money) (effective from August, 2018, and trad-able Exclusively on

www.yemexchange.com

Before we start let we look into that; what is going on into Blockchain Market and how many types of Blockchain platforms are currently available.

Literally; There are two big and famous platforms called Bitcoin and Ether/Ethereum, whenever there is a coin, it is either Bitcoin PLATFORM BASED OR Ether based.

I got a lot of questions on; how secure our Crypto wallets are?

YEMChain Introduction

The big problem now a days in the Cryptocurrency world is facing is a security problem. There is no enough secure places where you feel safe and secure 100% with your crypto assets. Because, recently we have heard about huge hacks and cyber attacks about most famous and popular crypto Exchanges where people lost a lot of crypto assets ad due to these hacks most of the people are losing interest in crypto regarding security, therefore, an organisation called (Rainbow Currency Foundation) decided to provide a secure and private as well as transparent Blockchain platform called YEMChain where you are 100% safe and secure.

The point is that; you can only use this private and transparent Blockchain to store your Rainbow Currency (YEM) and YEM related assets. No other coin is allowed to store there. Only Rainbow Currency related Cryptocurrencies are qualified for this platform. If you do not know about Rainbow Currency (YEM), you can learn about it via link below.

Learn About Rainbow Currency (YEM)

Now let us start talking about a Brand New Blockchain called “YEMChain”.

Main reasons for moving

Since the launch of YEM Coin, YEM Foundation found out that; public
Blockchain is not a perfect environment for YEM. Slow transaction
times, high transaction fees, phishing, fraud, and other criminal activities is
not what we want for our Rainbow Currency holders. Non of the Crypto assets holder wants the above mention activities which causes to ruin their assets.
On top of that, unregulated exchanges allow anonymous traders to
manipulate the value and trading volume of all cryptocurrencies. As a
result, even Bitcoin is facing a high volatility.

By having YEM on it’s own private blockchain, the
YEMChain allows Rainbow Currency to be independent of other
cryptocurrencies, because on the public blockchain, it is dependent on
Ether.
As it is our goal to establish a stable economy around YEM, a
fixed minimum price is crucial for success. Many websites are already
accepting YEM at the official rate and you can check the list of websites accepting YEM as a payment option please visit the article: YEM Currency

What is YEMChain

YEMChain is a Private and at the same time transparent platform and it is invented for the purpose of security (Providing to YEM and related assets Holders).

Previously, YEM was based on Ether platform and as we hear everyday new hacks so they decided to transfer YEM to its own Blockchain to maximize the security for YEM Holders and from the mid of august 2018 all the YEMs will be transferred to its own Blockchain caldded “YEMChain”.

Why are you creating a New Blockchain when there is Ether platform?

Fact No.1 is: Because, there is high risk that YEM could be hacked like others so when there is a private Blockchain Exclusively for YEM and related assets then you are 100% safe because the security system behind this YEMChain technology is stronger than other out there.

Fact No.2 is: Whenever a member wants to Transfer/Send (YEM) with public wallets so there is a fees should be paid in ether and that is the another expense and risky as well, because whenever you are with public wallets you are on risk, with the YEMChain platform you pay fees for your transactions in YEM only and the fees is just a fraction of YEM, in short, the fee is very low.

How many Transactions could be done per day?

As of the recent Official announcement from YEMChain; YEMChain is capable to produce almost One Hundred Million (100 Million) transactions per day, and this is just the beginning and in future we will see more and more improvements for sure.

Where YEMChain is operated from?

YEMChain is operated by its own private server and with the very great and high security system.

When YEMChain starts?

YEMChain started by mid of august 2018 and will continue serving its member with best services with the goal of maximum security and benefits.

If YEMChain is Exclusively for YEM and related assets, then how many Exchanges are there where (YEM) and related assets can be traded?

Currently, there is only one platform available for trading YEM and related assets. www.yemexchange.com It is the exclusive Exchange for YEM Coin and its sub coins and related assets. Where and only where you can trade Buy/Sell YEM and related assets.

The Official Website for YEMChain is below

www.yemchain.com

What is POS (Proof of Stake) in the YEMChain platform.

YEMChain offers you to deposit your unused YEM as a Proof of Stake and when you deposit you get some percentage in return each month.

What is the minimum deposit to participate in the Proof of Stake?

The minimum deposit to participate in the Proof of Stake is; 100,000 (One Hundred Thousand) YEM and there is no maximum limit, you can deposit as much as you want.

What are the rules to be qualified for the monthly return on your deposited YEM?

Once you deposited your desired amount so now you have to wait at least one month to get your return on your deposit, if you withdraw before one month of your deposit then you are not qualified and if you want to add more YEM then first withdraw your all deposited YEM then deposit a new total amount of YEM in YEMChain.

If you want to get return each month so just keep your YEM in YEMChain and month after month you will get return on your deposited YEM.

You can withdraw your YEM anytime you want, but if you withdraw so the time for getting return will expire and your new time will start when you deposit again.

I hope this helps you.

if have any question then use the comment box below the post.

Thank you.

Is YEMChain a private Blockchain?

Yes, YEMChain is a private and most secure blockchain. And, at the same time, it is transparent as well. You can see all the transactions happening at YEMChain.

What coins are traded on YEMChain?

YEMChain does not allow any third party coin. You can only trade Twnkl Coins on this blockchain. Rainbow Currency (YEM), Twnkl Mobility Coin, Twnkl Vacation Coin, Twnkl Shopping Coin, Twnkl Estate Coin. These are the exclusive coins for YEMChain.

When YEMChain was founded?

YEMChain was founded in august 2018.