$YIN DAO is a community investment DAO created by the founders of SHIBU Society. Its native & main utility token is the “$YIN” Token. $YIN DAO is funded by “The $YIN Treasury”, which contains 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. 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. - The more frequent buybacks are performed, the scarcer $YIN becomes. - The scarcer $YIN becomes the higher its price value. - The higher the price value of $YIN, the larger the value of the Community Treasury. - The larger the value of the Treasury, the more buybacks can be performed, which results in the continued growth of each community member in their portfolio. YIN DAO and the OIL & GAS Industry: With the amount of Crude Oil & Gas recently discovered by Exxon Mobil, Shell and Apache at the shores of Suriname (South America), it is safe to say that they have discovered enough reserves for a minimum of 50 years. The founders (who are Doxed on our YouTube channel + Whitepaper) have years of experiences in the Oil & Gas and have close business relationship with the local Refinery. We also have a partnership with ANSA Industrial LTD. & Online Valves LTD. for the delivery of Oilfield, Industrial and Hardware products such as Rig and Pump Spares, Angle Iron, Flats, Channels, Beams, Gratings, Sheets/Plates, Bar Round, Cored Bronze, Pipe Wrapping Products, Pipe Clamps, Studs and Gaskets. With the preparations being made for Offshore drilling and the upcoming Turnaround at the Refinery, it is safe to say there will be multiple opportunities for the YIN DAO to invest in and make a sizable amount of returns. Oil & Gas is a multimillionaire-dollar industry, and we are utilizing our experience and connections to bring that into web3 through the $Yin Token & the Yin DAO. THE $YIN TREASURY The treasury already contains: - 3x "colR founder passes" that unlock various benefits and unique experiences, including additional rewards of up to 50% of the net profits of their content and film production studio, House of ColR. (www.colr.io) - 10x barrels of our own branded bourbon thanks to our partnership with "The Graine Ledger" (www.utilitycompany.co) The overall YIN supply is locked in various vesting schedules. These tokens will unlock ones the ecosystem requires them to be unlocked (e.g. CEX listing & Marketing). Tokens will be locked again if the ecosystem doesn't require them to be in circulation. See our Whitepaper for the full vesting schedule + detailed explanation how our DAO structure works