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Platform Revenues, Expenses and Profits

Revenues#

The platform collects fees from its users as a result of different events and transactions. When minting youves tracker tokens, 1.5625% of the price of the minted youves tracker token is deducted from the minter's wallet (in tracker tokens). Furthermore, the platform applies an interest rate on both the outstanding youves tracker tokens of minters and also on the youves tracker token balance of holders. The interest rate on the outstanding youves tracker tokens is roughly 1.00% per annum higher than the interest rate on the holders' youves tracker token balance. This difference is claimed by the platform on a regular basis.

The fees are incorporated in the profit calculation whenever they are recognised by the platform. The minting fee is recognized at the act of minting. The amount of interest difference is recognized whenever the platform updates its interest rate calculation.

Expenses#

Expenses incurred by the platform predominantly consist of blockchain related fees for gas and storage when updating the smart contracts on calculation requests originating from the platform, other expenses are the costs of running and maintaining the frontend. Currently, these expenses are covered by the developer of the platform (ubinetic AG). This may change in the future.

Profits#

Typically, profits are calculated by deducting the expenses from the revenues. As the expenses are currently negligible and covered by the developer ubinetic AG, the platform's profits are for now equal to the revenues. This may change in the future, especially if gas and storage costs rise significantly.

Profit Claims#

Minters may claim free governance tokens (YOU tokens) depending on the volume of their minting activity or they can buy them on the secondary market.

Besides voting on the further development of the platform, holders of YOU tokens have the possibility to stake their YOU tokens to participate in the profit sharing feature of the platform. In each second, the platform observes the recognised profits vs. the number of staked YOU tokens, calculates the profits per staked YOU token and allocates the profit share to each holder with staked YOU tokens. These allocated profits remain available to holders with staked YOU tokens without expiry date and can be claimed at any point in time in the future.

The governance model is further described in section Governance.