YIN DAO is a community investment DAO that utilizes the $YIN Token to invest in the OIL & GAS industry. $YIN Token is the main utility token of the YIN DAO. OIL & GAS: We’re bringing our IRL business in Web3; by providing Infrastructure, Commodity & Engineered Products, Specialty Mechanical Services, NDT services, Logistics and Consultancy services to the Onshore and Offshore Companies in Suriname, South America. The amount of crude OIL & GAS recently discovered by ExxonMobil, Shell and Apache at the coast of Suriname, ensures offshore drilling for a minimum of 50 years. With our experiences in the Oil & Gas + our business relationship with our local Refinery and partners, there will be multiple opportunities for the YIN DAO to invest and make a sizable amount of returns. Oil & gas is a multimillionaire-dollar industry, and we are utilizing our experience and connections to bring that into web3 through the $Yin Token & the YIN DAO. The community may vote & submit on investment proposals that generate more revenue back to the Treasury. Fifty percent (50%) of these revenues will continuously be used to increase the buybacks of $YIN tokens & increase its scarcity. The remaining 50% will remain in the treasury and also expands its overall value. Each buyback results in $YIN tokens being removed out of circulation, making the overall supply scarcer. - The more frequent buybacks are performed, the scarcer $YIN becomes. - The scarcer $YIN becomes the higher its price value. - The higher the price value of $YIN, the larger the value of the Community Treasury. - The larger the value of the Treasury, the more buybacks can be performed, which results in the continued growth of each community member in their portfolio. $YIN TREASURY: YIN DAO is funded by “The $YIN Treasury”, which contains 33% of the total supply. It will be locked in a multi-signature wallet & governed by the $YIN community. The $YIN Treasury already contains 3 x colr Founder Passes. These colR Founder passes unlock various benefits and unique experiences, including additional rewards of up to 50% of the net profits of their content and film production studio, House of ColR. Thanks to our partnership with “The Graine Ledger”, we also received 10x barrels of our own branded bourbon . “The Graine Ledger” is the first NFT-mediated Automated Distillery and is a subsidiary of “The Utility Company”. These barrels will not only bring revenue back to the $YIN Treasury, but will also help in our charity aspect in helping children with disabilities. ADDITIONAL UTILITIES: As additional utilities ,thanks to our web3 partnerships, $YIN will also be used as a form of payment for vacation packages, IRL event tickets, In the metaverse and also for sports betting on the Dinobet platform, which is a crypto casino. You can also stake your SHIBU Genesis and receive 7x $YIN tokens each week as a staking reward. Visit our website & read our Whitepaper for more info about the YIN DAO and how our $YIN Token be utilized in the OIL & GAS industry.
