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The Rainbow Currency (Trading Symbol YEM) has been created late 2017 by more than 3,700 Internet users from 157 different countries. 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.
First launched on the public Ethereum blockchain, Rainbow Currency moved in August 2018 to a private blockchain called YEM Chain.
YEM (Rainbow Currency Sub Coins)
TEC - TWNKLESTATE Coin
TMC - TWNKLMOBILITY Coin
TSHC - TWNKL SHOPPING Coin
TVC - TWNKL VACATION COIN
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 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).
YEM has been created as a pure currency with no connection to any particular business, while it is represented by the YEM Foundation, a global non-profit organization with board members from all over the world.
The YEM Foundation is the Regulatory Authority for the digital currency YEM (Rainbow Currency).
We take measures for protection and stability. And we represent the YEM to the International Monetary Fund, the United Nations, as well as governmental institutions (e.g. central banks) and nongovernmental organizations.
In accordance with the statutes of the United Nations, the YEM Foundation has the status of an International Non-Governmental Organization (INGO) and is a member of the Union of International Associations (UIA) with the identification number "XM7617“
YEMCHAIN is more than a blockchain: it is the best of blockchain technology, combined with all the benefits of the SafeZone.
Imagine fast, secure, transparent, low-fee transactions with maximum privacy. Additionally, YEMCHAIN is set up for a wide variety of smart contracts. From utility bills to real estate, YEMCHAIN is the best choice for all your blockchain needs.
Proof of Stake
Be rewarded by staking a minimum amount of YEM against our own supernodes that have already gone through the Proof-of-Work process to validate transactions on YEMCHAIN.
YEMEXCHANGE is the official exchange for coins and tokens of YEMCHAIN, the 'authority friendly' blockchain. We are in full compliance with all YEM Foundation requirements.
YEMEXCHANGE is offering as an additional service a direct marketplace for OTC deals. Buy and sell YEM directly at the current rate to and from other members.
YEMEXCHANGE is offering the trading pairs YEM/USD
More trading pairs will be added based on demand.
Get the latest Crypto Coin rankings at Crypto Rank.
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