YIBI Summit Review: Major Planning and Innovation in Future Finance
At the recent global financial event, the YIBI team conducted in-depth discussions and exchanges with financial elites and institutional representatives. This summit not only showcased YIBI’s latest trends in the field of financial technology, but also revealed the company’s important strategic plans for the future. Here is a detailed review of the three major initiatives shared by the YIBI team:
1. YIBI super application ecology and credit scoring system
YIBI plans to launch a super application similar to WeChat, Grab and LINE, aiming to integrate various online services, games and stores so that users can complete all their needs on one platform. However, unlike existing super applications, YIBI will completely change the way user data and assets are controlled. Today’s super apps often have absolute control over users’ data and assets, raising privacy and security concerns.
YIBI’s solution is to use Web3 behavioral data to generate credit scores (YIBI Credit) through artificial intelligence. This scoring system will enable project teams to set airdrop conditions based on specific credit scores and provide lower interest rates or increased loan amounts for financial applications. This open source credit scoring system will provide freedom of development and application for a variety of projects.
2. YIBI Network Blockchain
YIBI also announced that it will launch “YIBI Network Blockchain” in 2025, which is a Layer 1 blockchain that will become the core of the YIBI ecosystem. Designed by the YIBI team, this blockchain can serve 100 million users, with extremely low fees and faster transaction speeds. The new version of the YIBI application will integrate authorization, payment services, withdrawal and deposit functions to create an innovative social network experience and give users greater control over data, interactions and digital assets. Additionally, a streamlined login process will significantly increase new user adoption.
Web3 Grants of up to $50,000
YIBI’s launchpad & Launchpool platform will continue to promote the diversification and improvement of the ecological chain in 2025. YIBI will provide grants of up to $50,000 for projects in three categories:
Web3 Social Applications : Focus on B2C social applications with virality and user retention capabilities.
GameFi (Web3 games) : includes games with social mechanisms, such as rankings, team challenges, etc., and supports social sharing.
Commercial infrastructure and open source technology projects : covering open source technology projects, commercial projects that improve YIBI infrastructure, and projects that significantly improve the existing DeFi scene.
3. YIBI Pay 2.0
Finally, YIBI also announced the plan for “YIBI Pay 2.0”. The new version will launch YIBI credit card, support more physical merchants, and provide social ecological live broadcast payment channels. YIBI Pay will integrate various applications and support cryptocurrency and fiat currency transactions to provide users with a seamless payment experience. In addition, YIBI Pay will become the preferred payment system for the YIBI app, allowing users to track order statistics at any time and easily withdraw funds to their wallets.
At the end, YIBI demonstrated its forward-looking and innovative nature in the field of financial technology at this summit. Through these strategic plans, YIBI will not only promote the development of its own ecosystem, but also bring new opportunities and challenges to the financial industry.
We hope that in the near future, YIBI can lead every newcomer to join Web3 more conveniently and accompany the birth of every encryption giant! Make Web3 Easier!
