Youthia’s native protocol token, Yth, is the fuel to power the Youthia mobile network. It is used to pay network fees, send tokens, interact with the smart contracts, build or access a dApp or dTool, purchase products and services, validate state changes and any network computation. The payment is calculated and made in Yth. The Yth token functions to keep the network incentivized to participate in consensus and governance. The token also functions to pay gas, a mechanism used to incentivize Block makers to process network transactions. All nodes registered to vote can be incentivized by participating in governance via quadratic voting. 1,700 YTH is the minimal required to participate in consensus mechanism, but nodes can be voted off the consensus mechanism irrespective of their token holding via quadratic voting governance. MasterNode is expected to have 1,700 YTH collateral, a dedicated IP address, and be able to run 24 hours a day without a more than a one-hour connection loss. They claim 100% of the transaction fees in blocks they make.
By building a self-sustaining ecosystem of different users – youth hubs, buyers and stakeholders – that accept Yth, a new community of developers will be incentivized to improve upon and help maintain the mobile network. Thus, Yth has a binding effect: stakeholders that build useful dApps and dTools using the Yth to power verifiable commerce may increase its value, providing further incentive to improve the network. Because Yth tokens are native to the mobile chain which will be integrated into the Youthia network and will only be available when deployment is made for commercial use (Mainnet Launch, expected in Q4 20178), Youthia plans to sell the digital token to the Ethereum blockchain according to a related ERC-20 smart contract. Shortly before Mainnet Launch, Yth tokens will be tradeable on the Bancor Network, in preparation for the Mainnet launch.
Targeting the U$500 billion per annual youth market, the Yth token has a total supply of 170M with 7 decimals.
