What is Rainbow Currency? Discover the new trading symbol YEM
We are in an information-technology revolution where blockchain technology and cryptocurrencies are revamping the entire monetary system as we know it.
This change is inevitable and it is already happening. The Rainbow Currency Foundation is the regulatory authority for the YEM and takes measures for protection and stability. It also represents the YEM to the International Monetary Fund, the United Nations, as well as governmental institutions (e.g. central banks) and nongovernmental organisations.
In accordance with the statutes of the United Nations, the Rainbow Currency Foundation has the status of an International Non-Governmental Organization (INGO) and is therefore a member of the Union of International Associations (UIA) with its headquarters in Brussels and the identification number “XM7617“ .
The UIA keeps records of all active non-governmental organizations on behalf of the United Nations. The YEM, designed as an authority friendly form of payment with the highest levels of KYC/ AML processes, security and a guaranteed minimum price, intends to evolve the current landscape of cryptocurrencies and demonstrate how digital currencies- when used appropriately- can truly enhance and transform the current monetary system as we know it. It is possible to read the full introduction in the paper from YEM Foundation.
Some useful data on Rainbow:
- Name: Rainbow Currency
- Denominations: Rainbow, Glitter, Twnkl, Dan
- 1,000 Dan = 1 Twnkl
- 1,000 Twnkl = 1 Glitter
- 1,000 Glitter = 1 Rainbow
- Trading Symbol: YEM
- 1 Twnkl= 1 YEM
- Volume: 100,000,000,000YEM (fixed)
- Circulating Supply: 100,000,000,000 YEM
- Reference: US$
- Monitoring on: Crypto Rank
- Blockchain: YEMCHAIN
- Exchange/Trading Platform: YEMEXCHANGE– a brand new digital exchange & marketplace commenced on July 1, 2020 with an integrated OTC private market.
А guaranteed price range for trading YEM according to the regulations of the Rainbow Currency Foundation dba YEM FOUNDATION was announced in the website of the foundation.
Also, Rainbow can be traded and/or given through the MoneyPon platform, however, in this case, the REGULAR YEM will be converted into so-called FREE YEM, which can be used in the same way, as the REGULAR one (for the purchase of goods and services), but cannot be traded for another currency on the market.
To avoid limitations you will have to complete the verification for KYC/AML.
As one of a very few digital currencies, Rainbow Currency fulfills all requirements by the German Federal Ministry of Finance regarding its function as a substitute currency for the Euro (EUR). Rainbow Currency is NOT created for the purpose of speculative trading, but as a special tool for various types of investment and a means of purchasing goods/services inside and outside Safe Zone.
Link to the full article here.
