What is YOYOW? YOYOW (YOYO) is a project that aims to recreate the content industry through Blockchain technology. cryptocoin.com In this article, we answered the questions asked by investors such as what YOYOW is, what it offers, what is YOYO coin, what is it for, how to buy it. Now let’s examine this project, which defines itself as a “content value network”, together.
What is YOYOW?
YOYOW is a Blockchain project focused entirely on content production platforms and applications. This project, which has its own Blockchain network, aims to recreate the content production processes. In essence, this serves as a rewarding network throughout the content creation industry. This network measures user contributions to content and distributes rewards. Working with a decentralized Proof-of-Stake consensus mechanism, the ecosystem has a number of tools for fair distribution.
What does YOYOW offer?
YOYOW, a Chinese centralized blockchain platform, was launched in September 2017. This Blockchain network is designed to create a “value network” based on users’ ratings on content. All content platforms available in formats such as text, video, image, audio or live broadcast can create their own value platforms on the network. Platforms and content producers registered in the ecosystem are accepted according to the content evaluation mechanism. Accepted users earn incentives in exchange for their own contributions. Developers can also create their own tokens in the ecosystem.
However, the network has many technical features. For example, it works with a block time of 3 seconds. In the Bitcoin network, this time is 10 minutes. The network also has the potential to process over 3,000 transactions per second. A two-step permission mechanism provides security for asset management. In addition, thanks to the Proof-of-Stake mechanism, it is possible for users to monetize their assets. PoS also improves the scalability of the network. In the content ecosystem, bad content is eliminated with user ratings. In addition, the platform is quite simple to use.
What is YOYO coin? What does it do?
YOYO coin is the native cryptocurrency of the YOYOW ecosystem. With this altcoin, users can benefit from governance etc. provides access to various use cases. Accordingly, users who hold cryptocurrencies gain the right to vote and speak by participating in the management of the platform. However, they can also earn passive returns by staking the altcoin. YOYO coin is also a must-have asset to join the ecosystem as a platform and creator. Accessing certain services is possible with this altcoin.
What is YOYOW? How to buy YOYO coin?
YOYOW is an altcoin currently traded only on the OKX exchange. Therefore, investors considering buying YOYO coin should access OKX and follow the buying steps.
