YouToken

YouToken Customer Journey (Part II)

YouToken Customer Journey (Part II)

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YouToken Customer Journey (Part II)

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The YouToken customer journey is an exciting one and you really don't want to miss a step. Hence, check out part one here if you haven't already. Great, now that you're all caught up, let's continue on down the road of success. In part two of the customer journey, we'll discuss the project verification process, the issuing of smart contracts, crowdsale, and product launch.

YOU TOKEN CUSTOMER JOURNEY: PROJECT VERIFICATION

Unlike some of YouToken's crowdfunding competitors, the verification process here is extremely simple. To get verified, each user only needs to submit a copy of his/her government issued ID and proof of Ethereum address. In order to begin the crowdsale, each user needs to send the amount of ETH required for issuing his/her smart contract. YouToken will use these funds for fees later. Keep in mind, this is just a one-time verification only. So what's all this about smart contract issuing? Glad you asked.

YOUTOKEN CUSTOMER JOURNEY: SMART CONTRACT ISSUING

Alright, the creator completed the verification process and submitted their idea to the YouToken marketplace. Next up is to find one of four smart contracts for your project (donation, debt, revenue share and equity.) Furthermore, YouToken will issue YTN_creatorname tokens for each creator. The smart contracts each have their own, unique abilities that vary depending on the goal of the creator. To find out more about each one, please see the table below.

As for YTN_creatorname emission, YouToken created these ERC-20 standard tokens with l limited emission of 1,000,000,000 YTN_creatorname. Entrepreneurs will use the same tokens for all future projects.

We could get into the logistics of YTN_Creatorname tokens, their distribution and price progression but we will keep that for a later article. Keep your eyes open for that one.

YOUTOKEN CUSTOMER JOURNEY: CROWDSALE

The moment has finally arrived. The entrepreneur's project is right up there alongside with the other creators on the platform. Now, it's just a matter of waiting for the investors. It won't be a long wait though as the investor journey is quick and simple. All they have to do is use a simple form to buy a creator's token. Furthermore, they are given plenty of options for payment meaning they can't make any excuses to not invest. For example, investors can purchase creator tokens using:

An Ethereum addressMetamask pluginFiat MoneyOr any other coins (Using BestRate cryptocurrency converter)

After purchasing YTN_creatorname tokens, the investor's money is sent to Vault. There it will remain until the crowdsale is complete. If the crowdsale fails, all the money from Vault is immediately returned to the investors. But for the sake of this article, let's pretend the project did get funded, so we can complete our journey.

CUSTOMER JOURNEY: PROJECT GETS FUNDED

Congratulations to the entrepreneurs! Your project raised enough money in the crowdsale and the "Production" stage of the project is launch. From here on out, all received funds from investors go directly into Vault, and not to the entrepreneur. Only when the entrepreneur completes the crowdsale, will they receive the funds to start their project. Now, it's time for the smart contract to dictate the terms of the agreement.

Each project has a series of steps (minimum of 1 needed). Each step comes with the following questions:

What will the creator do?When will the creator complete it?How much money does the creator need to do it?

After answering these questions and completing the goal of the step, the entrepreneur sends a request to close that part and move on to the next stage of financing (if necessary). If you chose this step, then investors will hold a vote. Here, they decide whether or not the step was completed and if it’s time to move on with funding the next step of the project. If they vote”yes”, then the entrepreneur automatically receives the next portion of funds from Vault. If they vote “no,” then investors receive unused funds from Vault.

CUSTOMER JOURNEY: PROJECT LAUNCH

Ring the bells, gather your friends and call your family because the big day has arrived. Finally, you've completed all the steps of the "Production" stage and your project enters "Existence." But hold on, don't say goodbye yet. YouToken is not like other crowdfunding platforms. We don't just set you up and let you go like some wealthy but lost little kid. No, this is just the beginning of a long and fruitful relationship with YouToken that will help you grow as much (or as little) as you want.

Now that you're the project is out into the world, that means your YTN_Creatorname token takes on a life of its own. At first, it enters the Internal Exchange. At this stage of the project, YTN_creatorname tokens can be bought/sold on the YouToken Internal Exchange. Each YTN_creatorname holder can put an order with the following data:

(Order type (bid/ask)AmountPrice)

After a certain amount of orders are placed in the exchange, the exchange engine starts to execute orders with the same (or close to the same) prices depending on the order mode (fixed or market price). An entrepreneur also can trade his/her personal tokens in the Internal Exchange. (E.g. if he/she needs additional funds.)

But if your YTN_creatorname token succeeds to higher levels, then you can put it on external exchanges. This brings benefits to both the entrepreneurs and the investor just like when stocks succeed in a stock market.

That concludes the YouToken customer journey. But as we already stated, there really is no end to this journey. If your idea is a good one, then only the limits of your own mind will prevent your value from increasing to the highest reaches of the universe. If that happens, YouToken will be with you every step of the way.





59 COMMENTS 126 VOTES

Most recent Most voted Most verbose

Romaldos Kolotushin senior

Paradise Bounty

Крутой проект дай Бог все реализуют

1 year ago

1. Lack of Transparency Miners can't track their earnings from a block reward to their wallets. This is essential because most miners nowadays invest a lot in hardware and so need to know exactly how much money they pay for the pool’s service. Miners need to be sure that amounts displayed are real and that they are not being cheated. 2. Difficulty Knowing What to Mine There are a few resources such as whattomine.com and coinwarz.com to determine what is the most profitable coin to mine depending on the type of hardware, but they don’t have personalized reports for miners’ specific hardware setups, so it is difficult to analyze the profitability of mining a particular cryptocurrency. Additionally, every time miners change their hardware setup, they must then go through a time-consuming analysis. Miners could yield more by delegating these processes to a computer program and switching to the most profitable coin almost in real-time. 3. Difficulty Tracking the State of Hardware It’s essential to track information such as GPU/CPU temperature and fan speed in order to prolong the operational lifespan of costly hardware. It is preferable to display this data using charts and to let miners themselves set up exactly what they want to see

1 year ago

YOU TOKEN is the best

1 year ago

very nice

1 year ago

The idea is interesting, I liked it. I wish good luck to your project and a good team. Good luck!

1 year ago

Continue project... Good

1 year ago

Hello, tasks are attended to bring feedback for CH and business to achieve success by validating and utilizing crowdsourced knowledge. We kindly ask in the future to comment according to the question to help solve fundamental challenges the industry faces. The better the comment the more votes you can get. Cheers.

1 year ago

hopefully this project always success

1 year ago

Hello Mamat, tasks are attended to bring feedback for CH and business to achieve success by validating and utilizing crowdsourced knowledge. We kindly ask in the future to comment according to the question to help solve fundamental challenges the industry faces. The better the comment the more votes you can get. Cheers.

1 year ago

GomberS ID expert

cool

1 year ago

Hello Dante, tasks are attended to bring feedback for CH and business to achieve success by validating and utilizing crowdsourced knowledge. We kindly ask in the future to comment according to the question to help solve fundamental challenges the industry faces. The better the comment the more votes you can get. Cheers.

1 year ago

This comment is not available, it has been removed for violating the code of conduct

1 year ago

Hello name, tasks are attended to bring feedback for CH and business to achieve success by validating and utilizing crowdsourced knowledge. We kindly ask in the future to comment according to the question to help solve fundamental challenges the industry faces. The better the comment the more votes you can get. Cheers.

1 year ago

Hello Alex, tasks are attended to bring feedback for CH and business to achieve success by validating and utilizing crowdsourced knowledge. We kindly ask in the future to comment according to the question to help solve fundamental challenges the industry faces. The better the comment the more votes you can get. Cheers.

1 year ago

very good

1 year ago

Hello Jhon, tasks are attended to bring feedback for CH and business to achieve success by validating and utilizing crowdsourced knowledge. We kindly ask in the future to comment according to the question to help solve fundamental challenges the industry faces. The better the comment the more votes you can get. Cheers.

1 year ago

good

1 year ago

Alex Bojinov expert

Building Better Businesses Together!

Hello Nadiva, this project dedicates cryptocurrency to the community to help them grow.

We understand your desire to participate, but your submission will not receive crypto unless you change it to meaningful feedback. You can see an example of a quality comment on the top.

1 year ago

Nice

1 year ago

Alex Bojinov expert

Building Better Businesses Together!

Hello Dhemik, this project dedicates cryptocurrency to the community to help them grow.

We understand your desire to participate, but your submission will not receive crypto unless you change it to meaningful feedback. You can see an example of a quality comment on the top.

1 year ago

good project

1 year ago

Alex Bojinov expert

Building Better Businesses Together!

Hello Yury, this project dedicates cryptocurrency to the community to help them grow.

We understand your desire to participate, but your submission will not receive crypto unless you change it to meaningful feedback. You can see an example of a quality comment on the top.

1 year ago

noice

1 year ago

Alex Bojinov expert

Building Better Businesses Together!

Hello Erkan, this project dedicates cryptocurrency to the community to help them grow.

We understand your desire to participate, but your submission will not receive crypto unless you change it to meaningful feedback. You can see an example of a quality comment on the top.

1 year ago

Mohamed Sody new user

very good

1 year ago

Alex Bojinov expert

Building Better Businesses Together!

Hello Mohamed, this project dedicates cryptocurrency to the community to help them grow.

We understand your desire to participate, but your submission will not receive crypto unless you change it to meaningful feedback. You can see an example of a quality comment on the top.

1 year ago

Adipati Karna

Because this projets is awesome

This comment is not available, it has been removed for violating the code of conduct

1 year ago

Alex Bojinov expert

Building Better Businesses Together!

Hello Adipati, this project dedicates cryptocurrency to the community to help them grow.

We understand your desire to participate, but your submission will not receive crypto unless you change it to meaningful feedback. You can see an example of a quality comment on the top.

1 year ago

Good!

1 year ago

Alex Bojinov expert

Building Better Businesses Together!

Hello Tatiana, this project dedicates cryptocurrency to the community to help them grow.


We understand your desire to participate, but your submission will not receive crypto unless you change it to meaningful feedback. You can see an example of a quality comment on the top.

1 year ago

nicee

1 year ago

Alex Bojinov expert

Building Better Businesses Together!

Hello Alexander, this project dedicates cryptocurrency to the community to help them grow.

We understand your desire to participate, but your submission will not receive crypto unless you change it to meaningful feedback. You can see an example of a quality comment on the top.

1 year ago

Alvaro Gavriel new user

nice

1 year ago

Alex Bojinov expert

Building Better Businesses Together!

Hello Alvaro, this project dedicates cryptocurrency to the community to help them grow.

We understand your desire to participate, but your submission will not receive crypto unless you change it to meaningful feedback. You can see an example of a quality comment on the top.

1 year ago

great

1 year ago

Alex Bojinov expert

Building Better Businesses Together!

Hello darknes, this project dedicates cryptocurrency to the community to help them grow.

We understand your desire to participate, but your submission will not receive crypto unless you change it to meaningful feedback. You can see an example of a quality comment on the top.

1 year ago

Tommy Leduc

No Money No Funny

Cool

1 year ago

Alex Bojinov expert

Building Better Businesses Together!

Hello Tommy, this project dedicates cryptocurrency to the community to help them grow.

We understand your desire to participate, but your submission will not receive crypto unless you change it to meaningful feedback. You can see an example of a quality comment on the top.

1 year ago

Franck Lambart new user

That's cool

1 year ago

Alex Bojinov expert

Building Better Businesses Together!

Hello Franck, this project dedicates cryptocurrency to the community to help them grow.

We understand your desire to participate, but your submission will not receive crypto unless you change it to meaningful feedback. You can see an example of a quality comment on the top.

1 year ago

I love the fact that you as a small business owner (or just a regular user with a great idea) can actually create a token for your particular project without going "full ICO" and then let the project grow organically into hopefully something bigger. However I think it's important for the Youtoken project to give actual examples/use cases so that regular new users can understand the concept easily. What can be done? What does it cost? How will it benefit me and my business in the short & the long term? Why do this instead of a Kickstarter? etc Also - on the other side: how can I as a potential investor find projects that are relevant and has value? How do I sort out the bad ideas from the good ones? Will there be curated lists of interesting projects etc?

1 year ago

Hello Jesper, you make some great points. Thank for participating! Check out these articles:
https://www.youtoken.io/blog/youtokens-main-advantages-against-th...
https://www.youtoken.io/blog/youtokens-main-competitive-advantage...

That should answer some of your questions. As for the investor questions, a team of community advisors will be there to help you weed out the bad ideas from the good ones and make informed decisions. Furthemore, there will be a curated list of interesting projets.

1 year ago

great business

1 year ago

Hello Francis, tasks are attended to bring feedback for CH and business to achieve success by validating and utilizing crowdsourced knowledge. We kindly ask in the future to comment according to the question to help solve fundamental challenges the industry faces. The better the comment the more votes you can get. Cheers.

1 year ago

best

1 year ago

Alex Bojinov expert

Building Better Businesses Together!

Hello Sun, this project dedicates cryptocurrency to the community to help them grow.

We understand your desire to participate, but your submission will not receive crypto unless you change it to meaningful feedback. You can see an example of a quality comment on the top.

1 year ago

great program

1 year ago

Alex Bojinov expert

Building Better Businesses Together!

Hello Le, this project dedicates cryptocurrency to the community to help them grow.

We understand your desire to participate, but your submission will not receive crypto unless you change it to meaningful feedback. You can see an example of a quality comment on the top.

1 year ago

the best

1 year ago

Alex Bojinov expert

Building Better Businesses Together!

Hello Sukat, this project dedicates cryptocurrency to the community to help them grow.

We understand your desire to participate, but your submission will not receive crypto unless you change it to meaningful feedback. You can see an example of a quality comment on the top.

1 year ago

good

1 year ago

Alex Bojinov expert

Building Better Businesses Together!

Hello Zain, this project dedicates cryptocurrency to the community to help them grow.

We understand your desire to participate, but your submission will not receive crypto unless you change it to meaningful feedback. You can see an example of a quality comment on the top.

1 year ago

cool

1 year ago

Alex Bojinov expert

Building Better Businesses Together!

Hello Floydian, this project dedicates cryptocurrency to the community to help them grow.

We understand your desire to participate, but your submission will not receive crypto unless you change it to meaningful feedback. You can see an example of a quality comment on the top.

1 year ago

This comment is not available, it has been removed for violating the code of conduct

1 year ago

Alex Bojinov expert

Building Better Businesses Together!

Hello Si, this project dedicates cryptocurrency to the community to help them grow.

We understand your desire to participate, but your submission will not receive crypto unless you change it to meaningful feedback. You can see an example of a quality comment on the top.

1 year ago

This comment is not available, it has been removed for violating the code of conduct

1 year ago

Alex Bojinov expert

Building Better Businesses Together!

Hello Iksan, this project dedicates cryptocurrency to the community to help them grow.

We understand your desire to participate, but your submission will not receive crypto unless you change it to meaningful feedback. You can see an example of a quality comment on the top.

1 year ago

Iya saya mengerti

1 year ago