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What is Yafa?The Yafa Token is a pioneering digital asset designed to unite and empower the global Palestinian community and their allies around the world. The token is the brainchild of Palestinian developers, artists, and creatives, united by a powerful economic vision rooted in the global Palestinian liberation movement.
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What problem does Yafa solve?Yafa allows for a decentralised economy whereby people are in control of their own assets and have the ability to transact peer to peer within a robust and inclusive economic ecosystem without restriction from intermediaries and financial institutions.
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What are Yafa’s goals and milestones?Yafa’s immediate goals are to fund humanitarian efforts, support creative projects and foster economic growth within the Palestinian community. We have numerous milestones over the next months and years which include building various digital solutions to bring awareness to the history and culture of Palestine, solidify a sovereign digital currency and integrate e-commerce for the local community to thrive and offer their goods and services to a global market.
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What is Yafa’s short and long term vision?Yafa’s short-term vision is to raise awareness about the project to a global audience and in turn garner support to protect, house, feed and educate Palestinians during and after the war. In the long term, we envisage a decentralised world where Palestine is at the very forefront of digital currency adoption with Yafa being the first decentralised sovereign currency project in history.
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Which charities do you work with and where are they based?Yafa is currently using proceeds from its token sales to give back to the community in the form of water points, hot meals, tents and schools. With your support, and as Yafa's ecosystem expands, its innovative tokenomics will unlock significant amounts of humanitarian aid, making a tangible difference to Palestinian lives. Apart from our own initiatives we are supported by various global philanthropists and activists to grow alongside an ever-escalating humanitarian disaster with new organizations coming on board each month.
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Who is leading the Yafa community?The Yafa initiative is spearheaded by a diverse global network of Web3 / blockchain developers, finance experts, humanitarian organizations and Palestinian allies across the globe.
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What does the Yafa ecosystem look like?A global web of finance, e-commerce, culture, art and history all intertwined by one common denominator – Yafa tokens!
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What can Yafa be used for?Being a digital currency, Yafa can be used as a trustless cross border, instant, low-cost payment method for trading goods and services as well as a method to transfer value. As the ecosystem heads towards critical mass, we see the token also becoming a store of value for both Palestinians and supporters worldwide.
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Is there a roadmap for Yafa?Please refer to the Roadmap link on our website (https://www.yafa.io/roadmap)
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How can I buy Yafa?Please refer to the How to Buy link on our website.
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Are Yafa tokens secure?Yafa tokens are built on the Solana blockchain which is one of the most secure and fastest growing chains allowing for high-speed transactions and continued growth in security protocols.
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Is a token different to a cryptocurrency coin?Cryptocurrency is the generic term used for decentralised digital assets that use cryptography to issue and secure those assets on blockchain networks. Tokens are a simpler way of launching cryptocurrencies as they are minted on top of existing blockchains and do not need their own infrastructure as they piggyback of existing and robust protocols.
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What are my financial risks of buying a digital asset?Yafa is primarily a humanitarian and community driven project. The token represents a store of value enabling the liberation of the Palestinian people and should be treated just as that. Digital assets carry a high level of risk and volatility, and you should do your own research before purchasing the token. Please refer to our disclaimer on the website.
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What fees are associated when buying the token?There will always be a fee associated with any transaction in the financial markets whether it be traditional assets like stocks or a newer asset class like cryptocurrencies. As the ecosystem develops and the Yafa project grows in value, we will be migrating onto exchanges which will result in fees reducing due to trade volume and liquidity increasing. Currently you should expect the cost of a transaction to be in the region of 1-5% depending on how you are buying the asset and in what amounts. Please refer to the ‘How to Buy’ section for more information on how to mitigate fees.
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How is my privacy and data protected?Blockchain and cryptography by nature are anonymous yet transparent at the same time. If you setup a digital wallet to store your tokens on (such as the Phantom wallet we recommend) then your wallet address is a long alphanumeric address and not your name/identity. This means that anyone can search for your wallet address on the Solana blockchain and see how many tokens are in that wallet, however there is no name attached to your wallet meaning your identity remains private and secure.
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Will you build your own proprietary blockchain in the future?Future plans include the development of a dedicated Yafa blockchain with advanced security protocols and a bridging mechanism for seamless integration.
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If I make a profit on the value of my Yafa tokens, do I need to pay tax on the profits?We are not able to provide tax advice. You should always seek independent tax advice from your local jurisdiction.
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Is Yafa regulated in any jurisdiction?Yafa is a digital asset and not a financial company or institution and therefore cannot be regulated by definition. If you are trading through reputable exchanges then they would be regulated in general.
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How can I contribute to the project?By holding the token you are already contributing to the sustainability of the project. You are welcome to reach out to us if you would like to contribute in other ways such as direct donations to Palestine, brand awareness endeavours, historical and cultural contributions etc.
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How can I get support if I have an issue?You can always reach out to us through our social channels and we would be happy to answer any of your queries.
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