Rainbow Currency (YEM)

Rainbow Currency (YEM), short for Your Everyday Money, is a digital currency designed for everyday transactions and global commerce. It operates on its own blockchain, the YEM Chain, and is governed by the YEM Foundation, a non-profit organisation that acts as the regulatory authority for the currency. The project was initiated by a large community of internet users spanning 157 countries and positions itself as a people-founded alternative to traditional financial infrastructure.

YEM is accepted by a network of online merchants and physical points of sale globally, intended to function as a practical payment method rather than a speculative asset. The YEM Foundation describes its mandate as ensuring the protection and stability of the currency, taking an oversight role comparable to a central authority. The currency aims to reduce reliance on banks and credit card networks by enabling direct peer-to-peer payments with a focus on privacy and security.

Rainbow Currency has a maximum supply of 55,000,000 YEM tokens, with approximately 45 million in circulation. The YEM Chain explorer is accessible at yemchain.com, and the project website at yem.foundation remains active. Proof type and consensus algorithm are listed as unknown. The project has maintained an online presence since its launch and continues to operate as of the time of this record.