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Hello! What exactly you want to know about our token?
All computations carried out on the Ubbey network is subject to fees to prevent network abuse and to ensure the integrity of the consensus algorithm. The fees required for the transactions are specified in units of yo. Yo is used to pay the
fees for all computations in the Ubbey network, including creating contracts, executing contracts, and conducting privacypreserving ownership exchange on the OWP. The specific amount of yo required for each computation depends on the type of the computation and the amount of system resources required to execute it. YOU tokens are used to purchase the yo used to conduct computations, so the yo price is quoted in the number of YOU coins. The yo price will fluctuate based on the amount of transactions on the network and the amount of system resources that are available.
YOU tokens can also be used as the payment for sharing storage. Since we create a decentralized storage service, we will let all Ubbey network nodes to share profits from the decentralized storage service.
In short, YOU coins are used for the payment of:
- Creation and execution of smart contracts
- Exchange of digital asset ownership
- Storage of data
- Retrieval recovery of data