What is YOU COIN? YOU COIN is the native cryptocurrency of YOUChain, which describes itself as the “next generation public Blockchain”. cryptocoin.com In this article, we answered questions such as what YOU COIN is, what it does and how to get it. Let’s examine the project together.
What is YOUChain?
Before explaining YOU COIN, it is useful to explain the YOUChain network. YOUChain is a Blockchain based operating system. The team behind the project built the platform to serve as a way to create personal virtual items. Accordingly, YOUChain supports high volume transactions simultaneously. It also enables the creation of decentralized applications (dApps) with customizable smart contracts.
YOUChain, which supports dApps and smart contracts, is in many ways similar to the Ethereum network. But YOU’s high scalability and speed sets it apart from Ether. The platform also allows for autonomous user profiles and works with extremely low gas fees. Developers can trade the dApps they create through YOUChain.
What is YOU COIN? What does it do?
YOU COIN is the native cryptocurrency of YOUChain network. This ERC-20 token built on Ethereum is extremely important to the YOUChain network. Accordingly, YOU COIN staking is required to release and distribute dApps on the network. Staking means locking YOU COINs into smart contracts with a certain maturity. Locked YOU can be purchased at the current price by the bird and organization that wants to distribute their dApp later.
However, YOU COIN acts as a key for all payments on the network. Gas fees are one of them. The gas fee is the amount of money you have to pay when you make a transaction on the platform. In addition to gas fees, service fees and miner fees are also paid in YOU COIN. However, YOU does not include any incentives or shares and is a non-refundable cryptocurrency.
YOU COIN price history
YOU COIN was trading at $0.0018 as of September 12, 2022. Furthermore, it had a market capitalization of $1.05 million. The cryptocurrency, which has produced a trading volume of $ 23,374 in the last 24 hours, is watching an extremely volatile price movement. The altcoin reached its all-time high in August 2019. At that time, one YOU was worth $0.11. However, later the price of the cryptocurrency dropped and YOU are still changing hands at these low prices.
What is YOU COIN? How to take YOU?
Users who want to buy crypto money must first access the OKX exchange. After that, they must create an account on the cryptocurrency exchange and verify the account they have created. Thus, they can access their wallet and YOU COIN trading pairs. After doing all this, they can buy the token by depositing an asset in their wallet that matches YOU pairs.
