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Yosemite Token, gift token backed stable coin. Merchant-issuing gift tokens are redeemable for real goods services in the merchant shops. All of the issued Yosemite Tokens (YTOKEN) are equally backed by the sum of the redeemable gift tokens and the fiat-money-backed tokens which are used for fiat-money related business operations of yosemite card service. The issued Yosemite Tokens can be consumed at any merchant shop who has issued gift tokens for Yosemite Token.