Hello Everyone,
I would like to introduce you to one of the latest tokens exchanged on bitfinex. I have been trying to find information on this coin but unfortunately i couldn't find anything that explained this coin well so i decided to contribute my 2 cents to the world of information.
Lets start with some facts
There are a total of 300,000,000 Tokens for YOYOW
There are seven team members and most of them are senior participants in bit-shares development.
The coin was released in September 2017 and has been successfully running for the past 3 months.
Now lets talk about what is YOYOW
To put it in simple words, YOYOW is a platform for content creators. It is very much like a social media site that allows the user to generate content and actually get paid for it. It also intends to provide incentive for the users who share content.
For example: Tina creates a video and she gets paid per view of her video. What we do miss to notice is that the reason she is making money from the video is because someone shared her video and that someone who shared her video has a total right to receive some part of the revenue as the spreader did do his/her job to market the video to other people. This makes the spreader a marketer and therefore the marketer must receive a commission for their effort. When a spreader shares a video and the video gets up-voted the spreader actually receives a commission. This ensures that quality content gets spread and the bad content does not spread like a disease in the community.