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Youssof Altoukhi, a young entrepreneur, 16, has launched a cryptocurrency ‘Y Coin,’ which is set to revolutionize the world of cryptocurrencies and blockchain technology like never before.
Youssof Altoukhi’s cryptocurrency is not only hogging the national and international limelight, but his visionary skills and entrepreneurial abilities have also stunned the world.
He was recently invited to a TED TALK as a guest speaker owing to his extraordinary public speaking skills and thought-provoking ideas. Guess what! Yes, he stole the show.
Youssof Altoukhi On Ted Talk
At last month’s TED talk in Bedford, Youssof Altoukhi raised very pertinent questions about why 18 is the age of legal contract for businesses when teenage entrepreneurs are equally capable of coming up with extraordinary and innovative ideas. He spoke at length about matters that concern young entrepreneurs and how they could overcome those challenges.
He cited several examples and also raised some vital questions about the necessity of inculcating entrepreneurial spirit in young minds. Youssof Altoukhi questioned the conventional educational system where students are taught from books throughout their academic lives.
“From kindergarten all the way to university they don’t teach you any finance. I’m talking about things like tax, mortgages, tax deductibility which many people suffer from today,” Youssof Altoukhi exclaimed.
Youssof Altoukhi also highlighted some of the common problems that every young entrepreneur faces just because they are under–18. He wanted this age-old convention to change. The internet has changed the dynamics of business and commerce. As more and more young entrepreneurs are coming forward to sell their products or services, buyers also need to change their mindset. They should also start buying from young entrepreneurs to help them thrive.
Similarly, Youssof Altoukhi also explained that he’s not doing all these businesses for financial gains, yet in truth entrepreneurship has been his childhood passion. He always wanted to do something new and innovative instead of watching TV shows or playing games.
Youssof Altoukhi also stated how the internet can now act as a bridge between teenage entrepreneurs and their target audience. This is the only generation when youngsters get direct access to these powerful tools to help them succeed in business. However, young people below the age of 18 are barred from participating in company matters as its legal shareholder. It is the equivalent to stopping a whole generation from accomplishing their dreams.
Youssof Altoukhi then stated how cryptocurrency is the only space where teenagers are able to accomplish their goals.
“Cryptocurrency is so new that regulation by government entities hasn’t even touched it yet. You see, because of this anyone who has the knowledge can create one. It doesn’t discriminate between age, gender or any other factors you can think of,” Youssof said.
However, Youssof Altoukhi also cautioned why cryptocurrency management requires a complete overhaul in order to make it more democratic and transparent while mentioning how he is creating a cryptocurrency to solve the lack of democracy in cryptocurrency.”
Youssof Altoukhi: A Brief Introduction
Youssof Altoukhi was born and raised in London, the UK. Besides being a voracious information absorber, he had that rare entrepreneurial spirit, which you would rarely find in kids and adolescents.
But ever since Forbes mentioned him on their Twitter handle in August this year, Youssof Altoukhi has been constantly in the news, inspiring everyone with his outstanding abilities.
He started investing in the stock market when he was just 10. And he never looked back since then.
In 2016, he conducted his online research on cryptocurrency to understand the nuances of Bitcoin. At the same time, he realized that Bitcoin wasn’t foolproof. He thought of ‘altcoins,’ and how the same could revolutionize blockchain technology. He invested funds in cryptocurrencies and they got him good returns. But he was keen to invent his own cryptocurrencies because slowly and slowly he started realizing the drawbacks of Bitcoins and other cryptocurrencies in the market.
He was not too happy with the governance model followed by various cryptocurrencies. He strives for equality and a democratic model of management. He wanted to launch a cryptocurrencies where every individual should have equal voting rights irrespective of how many tokens each of them holds.
The Conclusion
Soon, he started building a team of ‘Y Coin’ developers from scratch. He spoke about it in his recent Ted Speech as well. Also, his overwhelming success and popularity as ‘Y Coin’ ($YCO) owner and founder were prominently published across all major news portals across the world, including Forbes. Cryptocurrency enthusiasts are patiently awaiting the launch of Y Coins signature application, the Y Hub which is expected to release sometime soon.
We need young entrepreneurs like Youssof Altoukhi, who are bold, courageous, and dare to see beyond the obvious irrespective of their age, location, and qualification.
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