# YFO's white paper
**Brand upgrade, new contract update**
A financial usage scenario using Layer2 ecological application
An AI artificial intelligence inscription generation platform
A place for WEB3.0 metaverse community users to play
An ecology connected by inscribed tokens
# Why Token Update
YFO Rebrand: Introducing Updated BEP-20 Contract Tokens
We are pleased to announce that YFO’s rebranding process has been successfully completed, establishing its brand exclusively on BNB Chain, the leading scaling solution for the YFO community.
The new YFO contract aligns with our heightened focus on creating the next generation of decentralized infrastructure. The revised brand represents a strong sense of "combination", the mission of co-prosperity with Inscription, Metaverse, AI Intelligence, Layer 2.0 ecosystem partners, and the goal of mutual benefit for all parties involved.
As part of our commitment to continuous improvement, we have overhauled our entire project portfolio and are deploying it using the following smart contracts:
The total supply is always 50,000 tokens
On BNB Chain:
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# What are YFO’s next plans?
**`Inscription Track`**
Focusing on its properties as a unique digital asset, traditional cryptocurrencies are primarily used as decentralized digital currencies and stores of value. An inscription is a digital imprint created on Bitcoin using new technology. If Bitcoin is compared to digital gold, then inscriptions are gold jewelry, and they share the same essence. YFO starts the engraving of inscriptions and attaches them to the attributes of Token, and provides the YFO platform for inscription casting (engraving) to participate in the casting (engraving) process of YFO inscriptions. This casting, sometimes expressed as inscribe, is expressed as mint. By paying a certain amount of gas (network) fees and platform service fees, you can obtain a certain number of YFO inscriptions you want for free.
**`AI Intelligence`**
The AI artificial intelligence token generation and verification that supports the blockchain and the artificial intelligence of NFT pictures are formed through the YFO system. Of course, we are also constantly learning and progressing to make the YFO community stronger. The method with YFO symbol processing as the core The method with symbol processing as the core is a top-down method, which is used to simulate the physical symbol system. (1) Based on logical operations and symbolic operations, it is suitable for logical thinking processes and solves problems that require logical reasoning. (2) For explicit blockchain symbolic representation, when the basic rules are known, there is no need to enter a lot of detailed knowledge. (3) Facilitate modularization of tokens. (4) Can be linked to traditional symbol databases. At this time we have to mention the combination of blockchain and artificial intelligence. First of all, ChatGPT is not AGI (Artificial General Intelligence), and it is clear that artificial intelligence involves multiple disciplines and multiple subdivisions. So it can be said with certainty that there is definitely room for cross-combination between blockchain and artificial intelligence. Blockchain technology has a smart contract mechanism, and a smart contract is a piece of executable code. There are many algorithms in artificial intelligence, and these algorithms can certainly be applied to smart contracts. The neural network training model can use smart contracts as the carrier to collect data from the terminal for model training, and the training results can be stored in the distributed ledger to form a credible training record. Don’t understand the blockchain as a special database. The core essence of the blockchain is to automatically establish trust among multiple subjects, so it can reconstruct the trust system and disintermediate it. This characteristic is jointly guaranteed through a variety of technical means (such as p2p peer-to-peer networks, consensus algorithms, structural characteristics of distributed ledgers, smart contracts, cryptography, etc.), and is not just non-deletable and non-tamperable. . In addition, the integration of multiple technologies is a general trend, such as cloud computing + big data, big data + artificial intelligence. In the future, there will inevitably be integrated solutions covering multiple technologies such as cloud + big data + artificial intelligence + blockchain + Internet of Things (edge green computing, narrowband Internet of Things). Therefore, the combination of blockchain and artificial intelligence will be a very promising prospect.
At present, blockchain and artificial intelligence are indeed the two biggest hot spots. There are several issues worthy of attention in the existing public chains.
> Unable to truly achieve decentralization Low scalability The incentives obtained by block producers do not match the best benefits of the entire network Networks always run at maximum capacity, such as Bitcoin and Ethereum, affecting efficiency When integrating artificial intelligence into blockchain, the first requirement is the self-regulation of the public chain. That is to say, we need a public chain that can learn and improve itself. The YFO ecological technology system is a public chain that enhances its consensus algorithm through artificial intelligence (AI)-optimized neural networks, performs self-learning and self-optimization, and is committed to improving the transfer process and smart contracts. Security, interoperability, and high scalability. Velas uses AI-enhanced DPoS consensus to Complete decentralization is achieved while reducing security and transaction speed. Compared with the traditional public chain Velas, it can achieve complete decentralization through AI-enhanced DPoS (AIDPoS). Not only that The combination of Velas and artificial intelligence is also reflected in many aspects. AI chooses who to stake tokens based on the needs of the blockchain Velas only generates blocks when needed < between every 1 second and every 2 minutes > Scalability (scalable to 30,000 TPS) Block producers are selected through human intuition. There are currently many projects that combine artificial intelligence with blockchain, but public chains are still the areas that most need to integrate artificial intelligence.
Blockchain is essentially a decentralized distributed ledger database. In the blockchain system, each node trusts each other through the consensus mechanism, and intermediaries are no longer needed; data records are synchronously stored in each node in the form of a timeline, which is open, transparent and difficult to tamper with. Artificial intelligence is the science and engineering that enables intelligent machines and computer programs to learn and solve problems in ways that typically require human intelligence, including natural language processing and translation, visual perception and pattern recognition, decision-making, and more. Blockchain focuses on keeping records, certifications, and execution accurate, while artificial intelligence facilitates decision-making, evaluation, and understanding of certain patterns and data sets, ultimately resulting in autonomous interactions. Blockchain and artificial intelligence have the following three main common characteristics and needs:
1. Data sharing Efficient data sharing among each node is an important feature of distributed databases. Artificial intelligence requires big data, especially data sharing. The more open data available for analysis, the more accurate the machine's predictions and evaluations will be, and the more reliable the algorithms generated will be.
2. Safety When blockchain carries large-scale and high-value transactions, it has extremely high demand for network security, which can be continuously improved through relevant protocols and technical means. Artificial intelligence also has high safety requirements for machine autonomous control, so as to avoid accidents as much as possible.
3. Trust On the blockchain, trust is the prerequisite for transactions and records between nodes. In order to make communication between machines more convenient, artificial intelligence also needs to set different levels of trust. Whether it is blockchain, artificial intelligence or other emerging technologies, trust is a necessary condition for its development and progress. How does blockchain help artificial intelligence? 1. Blockchain helps artificial intelligence obtain more comprehensive data. A fundamental challenge facing the all-digital world is that no organization can capture all the data. Even Internet giants like Alibaba, Tencent, Google, and Amazon can only obtain limited data based on their own business. It is undeniable that giant companies can also maintain the operation of artificial intelligence by using their own limited data. However, as mentioned above, the more data available for learning and analysis, the more accurate the predictions, evaluations, and decisions of artificial intelligence can be. Blockchain technology can help institutions break the "data island" pattern, promote the flow, sharing and pricing of data across institutions, and form a free and open data market, allowing artificial intelligence to obtain more comprehensive data based on different uses and needs. , truly become “intelligent”.
4. Blockchain can help us understand artificial intelligence decision-making Sometimes AI makes decisions that are difficult for humans to understand. Because they can evaluate a large number of variables based on the data they have, and can "learn" autonomously, making decisions based on the importance of variables to the overall task achieved. For us humans, it is difficult to foresee such huge variables. If the decisions of artificial intelligence are recorded through the blockchain, then we can effectively trace and understand the decisions of artificial intelligence, gain timely insight into their "thinking", and try to avoid decisions that go against the original design intention. Once an accident occurs It can also quickly locate the cause and correct it in time. At the same time, due to the non-tamperability of blockchain records, it can also facilitate people's query and supervision of artificial intelligence device records, improving people's trust and acceptance of artificial intelligence. How does artificial intelligence drive blockchain? 1. Artificial intelligence helps blockchain reduce energy consumption As we all know, mining in the blockchain system is an extremely difficult task that requires a lot of electricity and money to complete. Artificial intelligence can get rid of the "brute force" mining method and manage tasks in a smarter and more efficient way. Now, many mobile phones have used artificial intelligence to optimize power consumption and improve system performance. If a similar method is implemented in the blockchain system, it will greatly reduce the cost of mining hardware for miners and the consumption of electricity required for mining.
5. Artificial Intelligence Assisted Blockchain to Detect Fraud Artificial intelligence can easily detect and prevent fraud through a large amount of "learning". These are currently widely used in banking and e-commerce businesses. When abnormal card transactions occur, the bank will automatically send text messages to remind you of security risks; when online shopping encounters fake customer service personnel, the e-commerce platform will automatically remind you to prevent fraud. Fraudulent transactions are not uncommon in the blockchain. If artificial intelligence can be deeply applied to the blockchain system, it will be of great benefit to ensure safe transactions on the blockchain. In addition, there are also ideas in the industry about using AI to assist in writing smart contracts, which is also a good direction to explore. In short, although blockchain and artificial intelligence are two different technological trends, the huge potential of the two through complementary advantages is still worthy of YFO's deep exploration.
**`Layer2`**
One of the most important propositions in the blockchain field is scalability. Although Ethereum has the advantages of decentralization, security and transparency, it is slow and expensive, and can only handle 15 transactions per second. As the number of transactions increases, Network congestion is severe and gas costs are increasing. Imagine that you have found a courier company to send a gift to a friend. The gift is worth 100 yuan, but the shipping fee is 500. And it is only allowed to send one package a week. No matter how safe and confidential it is, can you bear it? This shortcoming of Ethereum gives other L1 public chains opportunities to develop. They improve network throughput and reduce gas costs to attract more applications and traffic. However, Ethereum’s security features and more mature ecological development make them It is still firmly at the top, accounting for more than 50% of the market. Of course, it is not sitting still, and is also trying to achieve it through sharding. Simply put, it is to divide the available block space in L1 into many single slices to maximize the space. . However, the final implementation of this technology requires a long process, so L2 expansion emerged as a faster deployment solution. YFO's new tokens are deployed on Ethereum. According to the current expansion of Ethereum's Layer 2, reducing gas costs and increasing TPS are also what the YFO system hopes for. This is why Layer 2 is also the planned route for the next deployment of the YFO system.
**`Metaverse and Web3.0`**
Yfione's metaverse project will develop into two genres. First, it emphasizes the application of perception technology and uses cool special effects as a selling point. Second, emphasize changes in the economic model, implement the concept of Web3.0, and return project benefits and governance rights to users to a greater extent. Blockchain technology is the foundation and underlying technology for the implementation of Metaverse and web3.0 applications. However, the implementation and application of blockchain are by no means the above two. Blockchain can provide time order for the Metaverse. Without blockchain, the Metaverse cannot deliver value and promote innovation and collaboration. Blockchain technology is not an emerging technology. In the past, when blockchain was mentioned, it was usually associated with digital currency. In fact, digital currency is just a fairly niche application of blockchain. Blockchain also has more Powerful functions and applications. The rise of the Metaverse can promote the maturity of blockchain technology. Only the maturity of blockchain technology can ensure that the Metaverse can develop more steadily in the future. As the underlying technology, blockchain technology has not found more proof that it can be applied in sinking applications. , the emergence of the metaverse has made the application of blockchain more and more widespread. The metaverse is the superposition of technical systems, content systems, economic systems, collaboration systems and governance systems. The core of the technical system is integration, and the form of expression should have technical characteristics such as open source, programmable, interconnected, scalable, and pluggable; the core of the content system is communication, and it should have multiple content generation methods, content presentation modes, and content Operation management and other capabilities; the core of the economic system is exchange, which needs to provide value carriers, exchange mechanisms, identity authentication, incentive mechanisms, rights protection and other capabilities; the core of the collaboration system is consensus, which needs to support multi-party collaboration, distribution, self-organization and other characteristics ; The core of the governance system is rules, which need to provide guarantees such as technological ethics, copyright protection, content supervision, and financial compliance. Blockchain is a distributed ledger formed by sequentially appending consensus-confirmed blocks using cryptographic technology. It has technical, financial and social attributes. The underlying platforms such as BaaS, cross-chain, privacy computing, identity authentication, distributed storage and computing related to technical attributes provide infrastructure for distributed applications in finance, manufacturing, education, energy and other industries. FT (Fungible Token), DeFi (Distributed Finance), NFT (Non-Fungible Token) and xFi (generally referring to financial forms in various fields) related to financial attributes. Among them, FT has explored in the financial system The possibility of new carriers uses blockchain technology to solve problems such as double spending in financial transactions in the digital environment; DeFi is trying to innovate the traditional financial service model, and financial services such as lending, pledging, and transactions based on distributed network environments have emerged one after another; NFT further presents the expression of assets in the digital ecosystem. While mapping physical assets, it has spawned a large number of native digital assets, expanding the asset scale and imagination space of the digital economy. GameFi (Game Finance) has tried to bring NFT into specific real consumption scenarios. SocialFi (Social Finance) has further expanded the application scenarios of GameFi. While increasing digital collaborative activities, it has also increased the consumption space of digital assets. xFi’s The emergence of information consumption scenarios that provide more diversified and personalized entertainment and social interaction for FT and NFT. In the future, more xFi will appear in industries such as education, energy, manufacturing, and tourism, which will further accelerate the development of the digital environment. Asset circulation and information consumption. From the perspective of social attributes, the DAO model has not yet matured as a business, but it provides new thinking for collaboration models in the digital environment.
# YFO seizes the era of web3.0
Platform creation, platform ownership, platform control, and platform benefit. Web 2.0, the second generation of the Internet, is an interactive Internet whose main applications are social networks and e-commerce. At this stage, the platform only provides an infrastructure and creates very little content. Most of the content is created by users. However, the platform has quietly expanded its rights, relying on its control of technical infrastructure to take ownership of user data without bloodshed. On the Web 2.0 platform, the ownership of digital content created by users belongs to the platform, and the control rights also belong to the platform. The platform can decide to edit, modify, delete and block the user's content, and can even delete the user's account and expel the user from their social network. network. In addition, the platform has the final say on how the value created by these digital contents is distributed. The value of the massive data footprints generated by users when using the Internet is also owned by the platform free of charge. Therefore, the paradigm of Web 2.0 is: user creation, platform ownership, platform control, and platform distribution. Comparing Web 1.0 and 2.0, it is not difficult to see that although Web 1.0 is not user-friendly and limits the production of digital content and data to a small scope, it is in line with the basic market economy of "who creates, who owns, and who benefits". in principle. From the perspective of digital content or data ownership and value distribution, Web 2.0 is distorted and unreasonable. Creators’ basic rights are deprived and user value is extracted at will. This is actually a digital slavery system. . This explains why only the Web 2.0 era has produced several super giants, because these platforms actually occupy a large part of the value produced and created by tens of millions or even hundreds of millions of users for free. The paradigm of Web 3.0 is: user-created, user-owned, user-controlled, and protocol-distributed. That is to say, in Web 3.0, the digital content created by users is clearly owned and controlled by the users, and the value created is distributed according to the agreements signed between the users and others. Under this system, these digital contents are no longer simple data, but digital assets, because its rights are guaranteed at the asset level. This is similar to the market economy in the digital economy, which confirms, respects and protects individual digital property rights, and conducts value exchange based on contracts. If the market economy has greatly released productivity and improved the economic level compared to slavery and feudal systems, then Web 3.0 should have a similar effect on the development of the digital economy compared to Web 2.0.
2. The technical foundation of Web 3.0 is blockchain Blockchain is actually a decentralized computing protocol that stipulates how different stakeholders can create and maintain a distributed computing infrastructure in a decentralized manner, thereby realizing the relationship between "infrastructure management rights" and "user data control rights" The separation prevents a single platform from managing power through computing infrastructure and achieving control over user data, user assets and user identities. The blockchain is also a transparent and credible rights confirmation and traceability system. Once a right is digitized into a token on the blockchain, it can be reliably confirmed, and its circulation, transaction, conversion, and transformation can be tracked throughout the process. The whole process. Blockchain is also a platform for protocol creation and automated execution. Smart contracts are the epitome of this capability. Through smart contracts, rights and value distribution agreements can be executed efficiently, accurately, and reliably without resorting to a trusted third party, and the entire process can be audited. Therefore, blockchain is an essential infrastructure for Web 3.0. However, blockchain is only a means, and the purpose is to confirm and protect users’ digital asset rights and interests.
3. The meaning of token This also confirms the meaning of the token. Because even on the blockchain, only tokens can be confirmed and managed, and general data still cannot enjoy the same treatment. If users want their digital rights to be confirmed and protected, they must tokenize them. There is no other way. Effective confirmation management cannot be achieved at the level of raw data. Therefore, various attempts to confirm the ownership of raw data, propose trading rules and trading markets, even if they are not in vain, are far from reaching the height of digital assets, and The cost must be extremely huge. The vast majority of tokens on Web 3.0 will be NFTs. We are currently in a period of transition from the second generation of the Internet to the third generation of the Internet, also known as Web 3.0. It is precisely because of the transition period that YFO should seize the hand of web3.0 and let the community become Fomo.
# YFO’s Token Governance
**Foreword:** Most protocols today are designed so that 1 token = 1 vote, which is a simple but incomplete approach. As for the reason, Vitalik also elaborated on this matter. A pure token holder voting system will lead to inequality, incentive misalignment, and potential attacks through vote buying. Too easy to perform a witch attack.
There are too many false concepts in the market regarding governance tokens and governance. It’s still early days for crypto governance, with room for improvement in many areas, including resource allocation, checks and balances, and distribution of power.
For example: most people vote for the options with more numbers in front of them. In other words, individual votes will not have any impact on the results, except of course for large households. Decentralized governance essentially has little to do with individual investor participation in voting. But it's a little better than stocks.
Based on the above issues, we combined the governance methods of the following projects to design YFO's token governance plan by comparing the pros and cons.
1. Governance as financial power. Vote via YFO
2. Let the "Senate" and "Qian Yuan" merge their work
3. The governance system introduces the concept of Fellowship. Fellowship is a membership organization on the chain. Everyone can apply to join. However, if you want to join the organization, you need to have Yfione’s protocol expertise and network concept consensus on the one hand. On the other hand, you need to Meet certain financial thresholds
**`YFO Gov Labs`**
Dao governance: Adhere to the principle that "influence" equals "profit"
1. Form a \[committee]. Eg: 19\~99 people 1.1 The committee is composed of two types: 1. Personnel appointed by the official website, which can be official personnel, community KOLs, and capital parties. 2. Ecological project parties and ecosystem participants support and encourage builders on YFO and make certain contributions. 1.2 The role of the committee: As an elite representative and an influential owner in voting for proposals, the committee has a proportion of different proposal events, resulting in different tracks and different thresholds for proposals. 1.3 Establish an accountability committee: to ensure that fund recipients comply with the fund uses proposed in their original proposals, map the tokens, allow the community to self-regulate, and stop funding projects that do not comply with their proposed fund uses and accept governance Funding projects require a multi-signature of 3/4 (two representatives and two project team members). Using this model, representatives can hold funding recipients directly accountable. - Every vote needs an accountability committee
When certain committees fail to act, removal is possible when a vote is initiated and a certain number of votes are cast
2. Token reward stimulation, 6\~18% of YFO tokens will be allocated to a fund dedicated to partners. These funds will be strategically allocated by the YFO committee to promote the development of the YFO ecosystem, and the tokens will be unlocked for 4 years.
3. Lockup. Ordinary users vote to rely on YFO tokens to enter the Locker module of a single proposal to be locked. The minimum locking period is 30 days (of course, it is locked at the time of the proposal). After the YFO token is locked, the Power computing power value is obtained as The right to vote is carried out. Of course, financial rights at this time are equivalent to voting rights.
4. Vote, 3.1 A large and effective quorum is used to increase the security of governance, so it is not purely determined by the number of addresses and the amount of tokens on the chain. 3.2 Members vote as the initiator of the vote, and votes from other committees on the proposal must be introduced when voting. The voting committee/general committee is calculated as a percentage. 3.3 Token vote warehouse voting can initiate proposals, but only with the vote of the committee. The ticket position is calculated based on the percentage locked in the Locker module of the item proposal. The sum of warehouse vote and committee vote is used as the certificate.
Note-- \*Active User: Used YFO’s application and on-chain token transactions at least 1 time in four consecutive weeks. \*Proposal: Committee/YFO holders have the right to submit proposals or vote, but do not have the right to impose their will on other contributors. For example, a proposal suggesting “YFO develop product The correct way to write a proposal should be something like "We think product \*Whether to consider: Divided into four independent stages: proposal stage, exploration voting stage, testing stage and promotion voting stage. Each phase lasts for 8 Baker cycles (i.e. 32,768 blocks or approximately 22 days and 18 hours), taking almost a full 3 months from proposal to activation, and any failure to progress to the next cycle will revert the network to proposals stage. The mechanism design allows sufficient time for discussion of the referendum proposal, repeated voting for confirmation, and finally the proposal can be successfully passed only after everyone reaches a consensus through these four stages.
# Roadmap 2.0
Inscription Farm and Mining Farm will be launched soon
**YFIONE Roadmap 2.0**
The YFIONE v2 Roadmap is bound to change as we make all necessary improvements and development to meet Modern day blockchain developmental standard.
**2024: Q1-Q2**
-Rebrand idea based on AI + governance. -Team voted to proceed. -YFIONE V2 community announcements. -Rebranding of Websites. -Rebranding of YFIONE platform to include AI -Introduction of new governance to platform. -YFO Token swapped announced. -New YFO V2 smartcontract created -V2 WhitePaper completed.
**2024: Q3-Q4**
-Announcement of new team members. -Partnerships and intense marketing. -YFIONE V2 token Fair-launch for platform liquidity. -Token distribution to old YFO's holders -Token distribution to New Fair-launch. -YFIONE AI+governance Platform launched -Listing on major exchanges -Token lock for 10 years on Dex. -AI, Staking, farming simulator + NFT items and Games introduced. -YFIONE ChatGPT blockchain version(Ask2earn)
**2025: Q1 - Q2:**
-Marketing and new year research. -YFIONE Ambassador's established. -YFIONE ChatGPT v3 upgraded. -Other marketing strategies and c -Update Roadmap for Q3 - Q4