Usages of Yido

Yido is the standard medium facilitating exchange of resources on Yidocy Plus platform.

Investors on the demand-side of the platform looking to participate in the platform’s rewards distribution will need to acquire the utilities powering Bitcoin mining and other DePIN operations. This is done by purchasing Yido tokens. Distributed owners of the physical resources on the supply-side will receive Yido tokens as compensation for contributing physical resources that meet quality standards. Yido connects both sides of the platform and provides a mechanism where investors can acquire the utilities they need without having to physically get access to the resources.

Yido is the staking medium. Staking is the core feature of Yidocy Plus. Users become eligible to earn Bitcoin or other DePIN rewards only by staking their holdings in the pool. In this context, staking Yido technically means that they prove the ownership of the token holdings and thus the extent of utilities being staked.

Yido will also have an additional functionality as the governance token. As Yidocy Plus Foundation plans to establish its DAO in the near future, Yido token is expected to have additional role for governance. Once DAO is set up, Yido holders will be empowered to propose and vote on various agenda relating to platform operations.