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YOYOW Coin logotype

YOYOW Coin

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YOYOW Coin Review

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This review of YOYOW Coin consists of three chapters: origin, technology and pros & cons.

Origin

YOYOW is an abbreviation for You Own Your Own Words. The company is new and aimed at content creators. No matter they work with text, videos, any other type of media, they face difficulties in running projects. The reason behind this is their dependence on the unstable form of monetization such as the advertising.

The company’s foremost goal is to provide an open platform that is decentralized. On this platform, the content creators, curators, and users can make their contributions and receive rewards.

The YOYOW wants the content to be rated according to the users in a decentralized way. Users create content every hour on the social media. However, actual content creators don’t get the rewards. Instead, the companies are the only ones who receive the monetary rewards. YOYOW comes with an aim to change that.

Technology

YOYOW utilizes the blockchain technology to develop a platform where content creators get rewarded for the popularity of their content. The blockchain technology has an importance of its own here as it provides the transparency to the popularity of the content.  The YOYOW Company launched their own cryptocurrency to let the users take control of the content they created and receive their share in the company’s profit. If you want to invest in this company, you’ll have to buy UGC coins. These YOYOW coins will be the reward which the users of this company will get and they will also be paid using these coins instead of the fiat currency.

Pros

  • Using YOYOW coins, users can own their content and receive rewards they deserve for their hard work. These rewards are not available to them on the platforms like Twitter or Facebook.
  • You can get these tokens at a reasonable price now. These also prove to be an asset for the users of a company and can turn out to be the world top cryptocurrency.
  • The company uses Graphene toolkits to make the transaction confirmation faster and allow efficient transaction processing.
  • The plug-in development is convenient and allows third-party access.
  • End-users can access YOYOW directly without having to download the whole blockchain data.
  • Those who have the tokens hold the right to decide the major matters of the community.

Cons

  • The company lacks a solid business plan. It’s not sure whether the YOYOW coins will turn out to be the best virtual currency to invest in at all.

***

If you have concluded that this is the coin for you, congratulations! Buy YOYOW Coin here.

Good luck!

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