What Is Y2 Cryptocurrency?
Y2 Lab is an apparent initiative developed by the Arab League summit members seeking to establish new fuel additives. Initially, the Y2 New Energy Lab has its initiation back in 2003, with the original concept surrounding the study of new energy development measures that will serve the Arab League member states.
How Arab League Y2 New Energy Fuel Laboratory Coin Works
Under the Y2 New Energy Lab, the platform will provide for Y2 currency that acts as a digital currency among the Arab league's members within the Middle East. The token will work to revolutionize the distribution of crude oil resources among the member states.
Additionally, the Y2 currency will hopefully speed up the development of new fuel additives that will help reduce emission from renewable resources among other technical aspects it is set to achieve.
What Y2 Cryptocurrency Hopes To Acheive
- New energy solutions- Y2 expects to develop advanced fuel additive which allows for energy saving up to 200 times
- Energy analysis- Forming the Y2 also unleashes a new energy block alliance that hopefully will enhance energy independence from other Energy block associations
- Financial grants- With over 200 billion in financial support, Y2 Lab hopes to fund upcoming energy ventures and initiatives that could help develop advanced energy solutions
Y2 Cryptocurrency Token ICO Details
- Start- April 7th, 2018
- End- December 31, 2018
Parameters Of The ICO
- Token symbol- Y2
- Platform- Ethereum
- Accepts- BTC, ETH
- Total token supply- 270,000,000 Y2
- Price- 1 ETH= 100 Y2
- Hard cap- 1,000,000
- Soft cap- 200,000
Y2 Cryptocurrency Verdict
Overall, the Y2 Coin venture lacks the appropriate merit to consider it a valid project. From the star, the project looks shady since there exists no such investment and the supposed team also gives a hint pointing to a scam. In conclusion, there is possibly no valid reason to even consider investing in Y2 Coin.