WHITE PAPER
Yumanity International is blockchain inspired private foundation created to reduce hunger and poverty through the use of science, technology and education.
The “Y” is symbolic of the “hard fork” humanity faces with the advent of DLT (Decentralized Ledger Technology) and the opportunity it offers humanity.
Yumanity International will use its own crypto token called Yumi Coin (pronounced “You-Me” and short for Yumanity International).
The Yumi Coin shall run on the Stellar Network. This was the platform of choice by IBM. The Stellar network is designed for the “unbanked”, most of whom are the poorest people in the world. Using the Stellar network will enable Yumi Coin to reach those that need it most. On the Stellar network, Yumi Coin will transact far faster than Bitcoin or Ethereum based coins. Yumi Coin transaction fees will be many times less than Bitcoin or Ethereum based alt coins. Also Yumi Coin will be “greener” than Ethereum or Bitcoin which requires enormous electrical power to maintain its blockchain. Yumi Coin will be able to interact
with all fiat and crypto assets instantly (2.5 seconds for a global transaction including instant fiat or crypto conversions based on realtime global exchange rates, global transmission and exchange of the funds reconverted into the fiat currency of the recipient is 2.5 seconds for a fee of less costing a fraction of a penny.
Trademarks for both Yumi Coin and Yumanity has been applied for. Yumanity International is registered as a nonprofit organization.
It is envisioned that Yumi Coin properly implemented will provide coin users unique and compelling advantages over fiat currencies or other alt coins.
The Founder of Yumanity International has invented a new global humanitarian economic model that only became possible with DLT. The Founder believes that this model will be able to achieve what Governments can’t, due to their diverse budgetary demands. The Founder believes that the global inclusivity of this model could benefit all companies and all people globally.
Both the “Haves” and those that are the “Have nots” benefit from this model. Unlike fiat currencies that devalue over time, this model appreciates in value over time due to limited edition minting and the ever increasing technical, marketing, and humanitarian utilization of the coin by Yumanity International and the constituents of the Yumanity ecosystem.
There are several core elements that when properly applied will create perpetual funding without “donations” in the traditional sense.
The expression of the details of this economic model are beyond the scope of this whitepaper, although key concepts will be presented herein.
There are core ideas that become synergistic in creating a global Yumanity ecosystem that benefits corporations, and their customers while simultaneously benefitting those in dire need.
Since Yumanity International will be an “operational” foundation, it will be doing things that increases the Yumi Coin value.
Part of the total coin issue will be used to add value to Corporations and their clients, and part of the total coins issued will be used for humanitarian benefit. Yumanity International will create Yumi Coin campaign management modules and APIs that will make it easy for Corporations to create and deploy campaigns that either gift or receive Yumi coins in ways that benefit their customers. Consumers will have universal Yumi Coin wallets and apps that interface with the corporate Yumi Coin campaigns.
Corporations may be able to take a tax deduction by purchasing and gifting these coins to their customers. Corporations may also see immediate savings by buying coins at a wholesale discount for large quantity campaign purchases. Consumers will enjoy the benefits of loyalty programs built around these Yumi Coin campaigns.
Thereby a sub Yumanity ecosystem will be created between Corporations and their clients. As more of these Corporations join in, the sub ecosystem will expand, as it expands through the active efforts of Yumanity International Corporate/Consumer Relations Division, the value of the coin will increase. The value of the reserve coins increase equally and can be further used by the Yumanity International Relief Division to benefit those in dire need.
Properly implemented this model increases revenues for Corporations, increases savings for their customers while decreasing suffering from those most in need…all without “donations”… and it is self perpetuating providing the adroit application of the Yumanity model.
It gets better. Through the use of blockchain technology and social media Yumanity Internationals “proof of work” can be evidenced and vetted. Both companies and their customers will get feedback as the global humanitarian ecosystem is evolving. As this happens, the constituents will gain ever-growing trust in the ecosystem, which will cause ever-growing expansion, resulting in an ever expanding humanitarian benefit.
It gets better still. As the use and adoption of the Yumi Coin increases, and when Yumi Coin is traded on the open market investors and speculators may see Yumi Coin as the coin of choice since it is tied to a growing global ecosystem that is diversely commercially integrated with corporations all over the world and therefore not affected by negative local or national trends. If this occurs then the coin value further increases yielding more funds for the needy.
In summary, Yumanity International has a vision and a plan that could benefit all humanity at a crucial moment in the history of the world. This model was never possible without DLT. All that is needed now is participation by those that share the vision. Do so, and we all win.
Doug Lewis
Founder
Yumanity International