YOYOW Coin is the native cryptocurrency of the YOYOW platform, aimed at providing incentives and mutual returns to content creators, supporters, curators, and consumers within the content ecosystem.
The platform, whose acronym stands for “You Own Your Own Words,” is a Blockchain-based network that measures the contributions of its participants and aims to reciprocate value to content creators through decentralized consensus methods.
What is YOYOW (YOYOW)?
YOYOW (YOYOW) is the native token of the YOYOW platform. Defining itself as a “content value network,” it offers its users the following advantages:
- 3-second confirmation speed
- Over 3000 TPS similar to centralized systems
- Robust security measures
- Free transactions with a bonus point model
- Middleware and plugins available for all types of content frameworks
- Advanced multi-signature and asset management feature
- YOYOW token holders’ participation in network governance
YOYOW defines Blockchain technology as a data integration and communication path based on cryptographic and P2P communication technologies. In this definition, the absence of central authority control, the elimination of the need for trust in third parties, and transparency are stated as the fundamental features of the blockchain. YOYOW uses blockchain technology to measure the contributions of participants and to reciprocate value to participants in the content creation sector through decentralized methods.
Furthermore, YOYOW is establishing a rational content revenue distribution mechanism to appropriately incentivize and motivate content producers, investors, curators, and consumers within the content ecosystem. It creates a value network based on user ratings of content.
In addition, YOYOW coin is defined as a universal account and value transfer tool. The token appears as a customized asset or equity type. As a basic public blockchain, YOYOW supports its users to issue and customize tokens, providing robust management features and an easy-to-use management interface. Users can manage their digital assets on the YOYOW network without worrying about the corruption of stock records.
YOYOW Coin Review
Recently, content production platforms have become quite popular. Consequently, the popularity of both the YOYOW platform and the YOYOW coin is on the rise. Investors continue to make positive comments, thinking that the recent upsurges in the market will soon reflect on YOYOW as well.
However, as an altcoin season has not yet started and YOYOW is relatively new, caution is observed despite its growing popularity. To evaluate comments on YOYOW more clearly, let’s look at the current and historical data of the coin.
According to CoinMarketCap data at the time of this writing, YOYOW (YOYOW) is trading at $0.0117. YOYOW Coin, ranked 724th in terms of market cap with a trading volume of $5,714,719 USD, is reported to be trading at 0.00000049 BTC against BTC.
In addition, it is seen that YOYOW Coin, with a 24-hour trading volume of $956,918, has a circulating supply of 489,119,063 YOYOW (YOYOW). It can also be stated that the total YOYOW supply is 1,036,918,534.
How to Buy YOYOW Coin?
Following its listing on Binance on November 2, 2017, YOYOW/BTC and YOYOW/ETH trading pairs began serving users on the platform.
YOYOW (YOYOW) can be securely and swiftly purchased through Binance, the world’s largest cryptocurrency trading platform in terms of trading volume.
