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Governance Tokens

Introduction#

The platform includes the YOU governance token, which users of the platform may solicit under certain conditions. No purchase price is due and the token does not represent a claim against an issuer. The governance token will eventually be used to vote on governance items of the platform and to distribute platform profits.

Governance Token Claims#

Available YOU tokens#

There is a given number of governance tokens (YOU tokens) available that minters can claim every second. The number of available governance tokens is defined by a schedule. In the first 52 weeks after the launch of the platform 40,000 tokens can be claimed every week, this is equivalent to 0.066137566137 tokens per second. The time span is chosen as a multiple of 52 weeks, 364 days, i.e. roughly one year, to avoid weekly fractions and further complications with leap years. An additional 12.50% of governance tokens are created and go to the developer ubinetic AG for the creation and maintenance of the platform in perpetuity. Initially this is 5,000 YOU tokens per week. The weekly available YOU token number is reduced by 50% after every 52 week span.

The total number of governance tokens in existence is finite and will asymptotically approach 4,680,000.

Governance tokens are awarded at no cost to minters based upon the amount of minters' outstanding youves tracker tokens. They can be solicited by minters in intervals of their choice. Minters have, however, no obligation to actually collect them. Unclaimed governance tokens have no expiration date and minters can claim them even years later.

YOU Token Availability AggregatedYOU Token Availability Per Week

Availability Schedule#

52-week periodYOU Tokens
per Week 
Rest of World
YOU Tokens
per Week 
ubinetic
YOU Tokens
per Week 
Total
YOU Tokens
aggregated 
Rest of World
YOU Tokens
aggregated 
ubinetic
YOU Tokens
aggregated
Total
140,000.005,000.0045,000.002,080,000.00260,000.002,340,000.00
220,000.002,500.0022,500.003,120,000.00390,000.003,510,000.00
310,000.001,250.0011,250.003,640,000.00455,000.004,095,000.00
45,000.00625.005,625.003,900,000.00487,500.004,387,500.00
52,500.00312.502,812.504,030,000.00503,750.004,533,750.00
61,250.00156.251,406.254,095,000.00511,875.004,606,875.00
7625.0078.13703.134,127,500.00515,937.504,643,437.50
8312.5039.06351.564,143,750.00517,968.754,661,718.75
9156.2519.53175.784,151,875.00518,984.384,670,859.38
1078.139.7787.894,155,937.50519,492.194,675,429.69
1139.064.8843.954,157,968.75519,746.094,677,714.84
1219.532.4421.974,158,984.38519,873.054,678,857.42
139.771.2210.994,159,492.19519,936.524,679,428.71
144.880.615.494,159,746.09519,968.264,679,714.36
152.440.312.754,159,873.05519,984.134,679,857.18
161.220.151.374,159,936.52519,992.074,679,928.59
170.610.080.694,159,968.26519,996.034,679,964.29
180.310.040.344,159,984.13519,998.024,679,982.15
190.150.020.174,159,992.07519,999.014,679,991.07
200.080.010.094,159,996.03519,999.504,679,995.54
210.040.000.044,159,998.02519,999.754,679,997.77
220.020.000.024,159,999.01519,999.884,679,998.88
230.010.000.014,159,999.50519,999.944,679,999.44
240.000.000.014,159,999.75519,999.974,679,999.72
250.000.000.004,159,999.88519,999.984,679,999.86
260.000.000.004,159,999.94519,999.994,679,999.93
270.000.000.004,159,999.97520,000.004,679,999.97
280.000.000.004,159,999.98520,000.004,679,999.98
290.000.000.004,159,999.99520,000.004,679,999.99
300.000.000.004,160,000.00520,000.004,680,000.00