YEM has been used to make purchases in various industries. These include real estate, cars, auctions, all kinds of items. This is better than Bitcoin!
Tuesday, June 9, 2020
Money – Man’s Creation to Solve a Problem
Money is anything that is generally accepted by a group of people for payment of goods and services rendered, and repayment of debts.
The first form of money was invented by man, to solve the problem of coincidence of wants in barter trades. Making the buying and selling of goods and services easy.
Throughout history, we find that money has evolved over time, from barter to the current money in use.
Barter – Exchange
Commodity money – Coincidence of wants
1 - Metallic money – Divisibility, durability, storage, and portability
2 - Paper money – Fungible
3 - Fiat money – Generally acceptable
4 - Cryptocurrency – Payments
5 - Bitcoin – First Successful Cryptocurrency
COMMON PAYMENT PROBLEMS:
Single Point of Failure
Higher Transaction Cost Slower Delivery Time
Informal Remittance Inflow
Inflation – The Great Devaluer
Cryptocurrency – THE SECURE CURRENCY
Cryptocurrency is digital money created with computer program, which stores the records of all transactions in a public database called a Blockchain.
It uses cryptography to secure transactions, and to control creation of additional units of the currency in a process called mining. Cryptocurrency is secure, scalable, fail-proof, innovative, and possess all the qualities of money, and also characteristics of an asset.
Blockchain – The Public Bookkeeper
Blockchain is a decentralized public ledger of all transactions that have ever been executed. It uses files to store transactions on the network, and these files are referred to as blocks. The blockchain is constantly growing as completed ‘blocks’ are added to it with a new set of recordings.
The blocks are added to the blockchain in a linear, chronological order. It is the technology on which Bitcoin, Rainbow Currency and all other cryptocurrencies are based on.
The Rainbow Currency (Trading Symbol YEM) has been created late 2017 by more than 3,700 Internet users from 157 different countries. First launched on the public Ethereum blockchain, Rainbow Currency moved in August 2018 to a private blockchain called TwnklChain.
It has been created as a pure currency with no connection to any particular business, while it is represented by the Rainbow Currency Foundation, a global non-profit organization with board members from all over the world.
The main purpose of Rainbow Currency is to bring value and stability into the crypto world by establishing and growing an economy where YEM is the only accepted form of payment. YEM stands for Your Everyday Money.
As one of very few digital currencies, Rainbow Currency fulfills all requirements by the Federal German Ministry of Finance regarding its function as a substitute currency for the Euro (EUR).
How To Earn Money With Yem
There are several ways to make money with YEM and one of my favorite is the “Buy and Hold” strategy.
What Is Buy and Hold?
Buy and hold is a passive investment strategy in which an investor buys stocks (or other types of securities such as banknotes, bonds and debentures, common stocks) and holds them for a long period regardless of fluctuations in the market. An investor who uses a buy-and-hold strategy actively selects investments but has no concern for short-term price movements and technical indicators. Many legendary investors such as Warren Buffett and Jack Bogle praise the buy-and-hold approach as ideal for individuals seeking healthy long-term returns.
Those arguing against using a long-term strategy claim that investors forsake gains by riding out volatility rather than locking in gains and miss out on timing the market. There are some professionals who regularly succeed with short-term trading strategies, but the risks can be higher. Investment success is also realized by loyalty, commitment to ownership and the simple pursuit of standing pat or not moving from a chosen position.
Recognizing that change takes time, committed shareholders adopt buy-and-hold strategies. Rather than treating ownership as a short-term vehicle for profit in the mode of a day trader, buy-and-hold investors keep shares through bull and bear markets. Equity owners thus bear the ultimate risk of failure or the supreme reward of substantial appreciation.
Slow and steady growth of YEM
YEM (Your Everyday Money) is not yet used as a widespread alternative payment mechanism, and many doubt that it ever will be.
The journey of YEM is still just beginning. Use cases – some expected, some not – are emerging in pools of innovation across industries, geographies and philosophies. For now, its compelling narrative has given it a role in asset portfolios of all types, as speculators and investors bet on the spread of its nascent use cases.
YEM, as a Digital Currency emerged quietly almost 3 years ago; since then, it has been softly gathering strength as its powerful message gains momentum, without flourish and rhetoric.
YEM relative quietness not only allows serious work to continue behind the scenes by the YEM Foundation, It not only gives the experiments time to mature and evolve, It’s also just what the world needs right now.
With so much noise, confusion and certainty in our feeds, on our screens and in our hearts concerning the rest of other cryptocurrencies, YEM has quietly made progress, builds the stairs that will be there when the dust settles and we start to get a clearer idea of what our future really looks like.
Calls for YEM to replace the current financial system is a daily occurrence by most YEM enthusiast.
Today, it’s a common slogan within the YEM community to “Put some YEM in your wallet” which literally means to secure your financial future with YEM in your wallet.
If you are not a member yet, you can signup, become a member for FREE and even get some free YEM -
Friday, May 29, 2020
The Pernum Project
PERNUM is the project when it comes to your privacy and data security. Your PERsonal NUMber masks all your personal information such as phone numbers, email addresses, account numbers, chat names, credit card details, meeting points and more. Instead of spreading your private data over the Internet, you store your data only once encrypted on the highly secure PERNUM server and share only your PerNum for communication and transactions.
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What is Safezone?
SAFEZONE is a worldwide network of sites and members protected by a secure environment. Hackers, malware, have no place here. As it grows, it offers something for everyone to do the daily things on the Internet without being spied on.
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The Rainbow Currency Board
The Board's mission is to represent and to build the Rainbow Currency (YEM) as an internationally recognized form of payment as a part of a monetary system that will become a household name and a leading component in the Crypto-currency world.
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The Rainbow Currency is different
The Rainbow Currency is different – it has been created to solve the challenges other cryptocurrencies face. Thanks to a private blockchain, the whole currency as well as all transactions are always fully transparent, while our currency holders enjoy the privacy they deserve for financial transactions.
To be qualified for online and local payments Rainbow Currency holders must go through a verification process to identify themselves, while only accredited business partners are allowed to receive these payments. Thus, we are making it difficult and uncomfortable to participate for the bad guys; yet at the same time easy, quick, private, and secure for good, honest people everywhere.
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The Rainbow Currency is globally
The Rainbow Currency is different - it has been created by more than 3,700 Internet users from 157 different countries. For the first time ever, a cryptocurrency is launched by the people for the people, controlled and represented by a global non-profit foundation. This is your chance to join the movement.
The Rainbow Currency is globally accepted by many online shops as well as local points of sale (POS). Skip the bank and credit card fees, turn your mobile phone into an ATM, and make your payments with maximum privacy and security.
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Sunday, December 21, 2014
Your Everyday Money = YEM
YEM is one of the world's first digital currencies designed for everyday use (Your Everyday Money = YEM). So far, it has been used to make purchases in various industries. These include real estate, cars, auctions, all kinds of items. Even the share capital of two company foundations was accepted with YEM.
The currency was designed by people for people so that an independent economy can be built on it and everyone can benefit from it. The strict supervision of a non-profit organization ensures security and price stability. So don't worry and take part in YEM's success today.
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The Rainbow Currency
The Rainbow Currency (Trading Symbol YEM) has been created late 2017 by more than 3,700 Internet users from 157 different countries. First launched on the public Ethereum blockchain, Rainbow Currency moved in August 2018 to a private blockchain called TwnklChain.
It has been created as a pure currency with no connection to any particular business, while it is represented by the Rainbow Currency Foundation, a global non-profit organization with board members from all over the world.
The main purpose of Rainbow Currency is to bring value and stability into the crypto world by establishing and growing an economy where YEM is the only accepted form of payment. YEM stands for Your Everyday Money.
As one of very few digital currencies, Rainbow Currency fulfills all requirements by the Federal German Ministry of Finance regarding its function as a substitute currency for the Euro (EUR).
Since then, thousands of transactions have been processed with a maximum fee of 0.1%, needing less than a second to be executed. Among these transactions is the first notarized real-estate contract in cryptocurrency for an apartment in Germany.
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