RE: CREATING LIQUIDITY FOR YEM
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0I made a post on this platform on the topic " creating liquidity for yem through mutual agreement". Today I want to emphasize on this same topic but from a different approach. While in the previous post I considered that mutual agreement between private yemholder and business yemholder should come to play. But in this edition I will call on the yemfoundation to give priority to merchants first in the area of exchange or conversion of the yem they received as a result of the goods and services they offered to consumers into Fiat currency of
their choice.
This will enable merchants have access to cash which will help them facilitate operational purposes such as restocking, maintenance and payment of staff salary.
With the launch of yempay this approach is achievable.
One may ask how?
Although I have no idea of how the business account of yempay look like I believe it may look similar to the individual account perhaps with some additional features or functionalities. With the yempay, Yemfoundation should enact the following conditions which in my own veiw will bring liquidity to yem.
These conditions should be:
1. Except for payment purposes there shouldn't be any transaction between individual account and merchant account.
Any transaction such as transfer from individual account to merchant should be decline. Only for refund purposes should transfer from merchant account to individual account be permitted.
2. Only merchant should be permitted to exchange or convert yem on digital exchange center, yemexchange center or any future exchange platform may list yem as the case may be.
3. Should there be any reason for individual to place a sell order on any of the exchange platform, an approved amount of yem from yemfoundation should be allowed.
I end this post by saying that I don't intend in any way want individual to be denied the chance to exchange yem for fiat but as it is now if we want liquidity for yem in all fairness merchants should be allowed to exchange first
How do you vote?