$YIN Community Update and Recent Developments

8 min readApr 23, 2024

“It always seems impossible until it’s done” — Nelson Mandela

Dear Community,

We are excited to announce the new developments regarding our precious $YIN token.So, without further ado, let’s jump into the latest $YIN developments.

The $KIBBLE & $BISCUIT reimbursement

The $KIBBLE & $Biscuit reimbursement is an event that our community has long waited for. $Kibble was the erc-20 token awarded to all holders who have staked their SHIBU Genesis NFT. For each SHIBU Genesis staked, the holder would receive 5x $KIBBLE as yield. Some community members have staked their SHIBU since the staking option went live. Due to the well-known vulnerability within the Thirdweb smart contract last year, the $KIBBLE token got hacked. Like countless other web3 projects that were also compromised due to this same vulnerability, this didn’t stop us. We instructed the Community to claim all their $KIBBLE from the SHIBU Staking dapp + The $KIBBLE staking dapp and keep it in their wallet. We then made a snapshot of all wallets that contain $KIBBLE and will reimburse those wallets with a 1:1 reimbursement. The reimbursement will occur in 2 phases, each airdropping 50% of the reimbursement. The 1st phase will take place on the 28th of April (this upcoming Sunday). The 2nd phase will be airdropped on the 12th of May (the second week after the first airdrop). The $BISCUIT reimbursement will take place on Sunday, the 5th of May, and will be a complete reimbursement. The holders with $BISCUIT in their wallets will be reimbursed with $YAN tokens.

$YIN Presale Airdrop

The Presale investors will be receiving their airdrop in two phases. The first phase will be airdropped on Sunday, the 5th of May (100.000 $Yin tokens), and the second phase will be on Sunday, the 19th of May (the second batch of 100.000 $Yin tokens)

Why did we delay the Reimbursement & $Yin presale airdrop?

The reasons why it took some time to execute these airdrops are the following:

Gempad platform: We encountered some issues with the Gempad platform. The remaining tokens locked on Gempad had issues being claimed from the platform. This issue has now been resolved.
We wanted to add more liquidity from the YIN IRL presentations we held.

The YIN IRL presentations sparked quite some interest in local business owners. We had five local business owners that would bring in a total investment of $250.000. Each would purchase a $YIN investment package of $50.000 that includes $YIN tokens allocations + a new hardware wallet. The entire $250.000 would then be added as additional liquidity to the $YIN liquidity pool on Uniswap. The LP tokens would then be burned, locking the additional liquidity forever. Due to some new tax laws being implemented in our country regarding crypto and the withdrawal limit that our local banks placed on the amount of US dollars that can be withdrawn from your bank account, this created a slight delay from these investors. Knowing that our discord community has been waiting for this reimbursement and our telegram community for their presale airdrop, we decided to trust our community by continuing with the reimbursement + presale airdrop.

Why are the reimbursement and Presale airdrop done in two phases?

The main reason we had to delay the reimbursement + presale airdrop was simply to ensure the sustainability of the $YIN price. $YIN is the first crypto token that takes the next step of RWA (Real World Assets) by tokenizing various services provided to the oil and gas company in Suriname, South America. To be the first token to implement this into web3, we understand that not everyone will quickly understand the concept. In the words of the famous Charles Kettering:

“There is a great difference between knowing a thing and understanding it. You can know a lot and not understand anything.”

That said, we knew it would take some time for investors to understand the concept and our whitepaper truly. That is where the YIN IRL presentations come into play. All institutional investments would be added as liquidity for the existing liquidity pool on Uniswap. This would strengthen the sustainability and price of the token. But seeing that both discord & telegram communities are constantly asking for the reimbursement + airdrop, we decided to trust the community and proceed with the reimbursement & airdrops. Suppose the community stands behind our goal and understands the concept we are building with our token. In that case, they will stake their reimbursed and airdropped $YIN tokens on the $YIN Staking Portal to start accumulating their Governance tokens ($YAN) for the DAO proposals beginning during the 3rd quarter of this year.

If the community sees the bigger picture of what we are building with the scarce supply, burn mechanism & profits that oil & gas bring, they will support the token by staking their $YIN tokens instead of dumping them immediately after receiving them. That is why we decided to proceed with the reimbursement & airdrops in phases. In crypto, patience is always the key to achieving generational wealth. Trust the process, the Doxed Team & trust what is building for $YIN.

Why weren’t more tokens added to the liquidity pool during the launch?

That is because to have a higher number of tokens added as liquidity means that the soft-cap and hard-cap would need to be set higher. That is also why we had a higher soft & hard cap for our first presale. Knowing that the $YIN concept would initially be confusing or difficult to understand, we decided to lower our soft-cap and hard-cap and add liquidity from the YIN IRL presentations. This would not only give early investors a chance to purchase $YIN at a low price but also secure more significant gains for these investors when the buybacks and burns start to be implemented. Let’s be honest: purchasing a token at $0.10 is much more profitable than buying a token at $4.

What can investors expect from $YIN in the upcoming months?

$YIN Revenue Share: We plan to purchase many colR Founder passes (10+) and colR tokens and reward all their revenue to holders who have staked a certain amount of $YIN tokens on our $YIN staking portal. The colR Founder Pass will be distributing up to 50% of film production revenue from the Hollywood production studio House of ColR.

$YIN Farming (SocialFi): We will introduce the YIN SocialFi, which will reward community members for raiding, liking, sharing, and engaging in tweets on X(formerly known as Twitter). Receive a fixed number of points for each tweet you post, like, or retweet to be eligible for the airdrop of $YIN tokens. The top 500 most active community members (depending on the number of points they have accumulated) will qualify for the $YIN airdrop.

Diamond Hands Raffles: Each community member that has staked at least 10.000 $YIN tokens for a certain period will be eligible for our “Diamond Hands Raffles.” We will be raffling off various prices, such as Custom chopper-style electric bikes, iPhones, and much more, at the end of each quarter (We will host the first raffle in the 3rd quarter of this year, so start staking your $Yin tokens not only to begin accumulating your Governance tokens but also to be eligible for the raffles.

$YIN liquidity injection: From our $YIN IRL presentations, we will add more liquidity for $YIN to strengthen the price and sustainability of $YIN.

Buybacks & Burns: In the 3rd quarter, we will officially start using the buyback & burn protocol for our $YIN token. We will be receiving revenue for each of the services we provide to the oil & gas industry in Suriname. From those revenues, 50% will be used to buy back $Yin tokens. Twenty-five percent (25%) will be sent to the treasury to expand its overall value, while the remaining 25% gets sent to the burn wallet, removing the tokens from circulation forever. This weekend, we will also add the VOLTICHANGE to our YIN website. The VOLTICHANGE is the only deflationary dex from the “Volt Inu” project that will burn an amount of $YIN tokens each time you buy or sell $YIN using the dex.

Finalizing new IRL partnerships: We are busy finalizing a new IRL partnership that involves becoming a licensed distributor of industrial products that can be shipped worldwide. There will be more on this when the partnership is finalized. The company director we partnered with will attend our space to discuss our new partnership with the community. This will be another source of income used for the buyback and burn of our supply.

As you all can see, we have many plans for our precious $YIN token.

Remember: “Everything in life has its own time to happen. A time to plant, a time to grow, and a time to harvest. And if you take things steady, you’ll bring your harvest home”. — Felicity Hayes McCoy

Final Thoughts

We have much more in the pipeline for $Yin, such as the merch of our telegram community with our Discord community, rearranging the whole $YIN telegram, and more. Still, we will leave the rest for our next medium article, which will be published on May 1st. I will end this medium article with the famous words of Vincent Van Gogh:

“Great things are not done by impulse, but by a series of small things brought together.”