Yes, please do something about your Ann thread, it's discouraging to come here and find this. My question is out of 200 million supply of YBK, why is that only 30 percent would be sold in token sale which is too low. What happens to the remaining 70 percent.
Can I ask what you mean by "please do something about your Ann thread"?
In answer to your question, which is clearly outlined in our white paper:
https://yourblock.io/wp-content/uploads/2017/12/YourBlock-White-Paper-18-12-2017.pdf100 Million YBK tokens (50 Million Euros) will be used as incentives and rewards on the platform. When users sign up and begin to fill in the data fields on the platform they will receive as a reward for entering all their and their families data small amounts of YBK tokens. They can then begin to use these tokens to receive discounts on car, home, pet, travel insurance, gas and electric bills, TV and Broadband subscriptions, Mobile phone contracts, car warranty, GAP, Tyre, Key cover, home brown and white warranty products, excess protect on insurance, credit card and loans and hopefully more products and services to follow. Once the consumer has taken up and received a discount, for instance car insurance, they will then receive YBK tokens from us from our commission with the commercial partners.
40 Million YBK tokens (20 Million Euros) will be held by YourBlock, 20 Million YBK tokens (10 million Euros) will be available to YourBlock after 12 months, and this money will be for the business to spend on further marketing, development, legal fees, and research in to other territories around the world. The remaining 20 Million YBK tokens (10 million Euros) will be available to YourBlock after a further 12 months if required. Again for further marketing, development, legal fees.
I hope this answers your question and if you would like to know more or have further questions and queries i would be happy to get on a Skype call or meet you face to face if you're near Gibraltar or in the UK.
