$YIN DAO is a community investment DAO that merges the Oil & Gas Industry into web3, by utilizing the “$YIN” Token as its main utility token.
$YIN DAO is funded by “The $YIN Treasury”, which will contain 33% of the total supply. It will be locked in a multi-signature wallet & governed by the $YIN community. The community may vote & submit on investment proposals that generate more revenue back to the Treasury.
Oil & Gas is a multimillionaire-dollar industry, and we are utilizing our experience and business relationships to bring Oil & Gas 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.