The platform that this token belongs to is a user-generated content ecosystem. For years big name social media websites have been profiting off the distribution of content their users have created.
By using the Blockchain, the team behind this project plans to allow those users to actually own their content, and the name of it even stands for "Own Your Own Words". These users will then be able to earn money for their contributions. The value of which will be evaluated by other users.
There are some blockchain platforms such as Steemit who are already doing this, but thus far, the method of judging which content is worthy of payment leaves much to be desired, and if this one can perform in a more fair way it could be quite popular.
The token used for this platform will be used to purchase advertising and to publish content. They plan to use this platform to revolutionize the way that we as denizens of the internet are paid for our contributions.
The team behind the project are all early adopters and investors of other high profile cryptocurrency projects such as Bitshares and Ethereum. If you're interested in making a YOYOW investment, then keep reading for a full analysis of this decentralized blockchain network.How to buy?
Investors can buy YOYOW on a wide variety of exchanges, including some very reputable and high volume options. There's lots of liquidity here, and investors should have no trouble executing a trade quickly and easily. Bitcoin is the highest volume trading pair, but there's also room to make a trade in Ethereum, the US Dollar Tether, and Binance's native currency. There are other pairings too, but the volume is much lower and investors may struggle to get a fair market price for their tokens when utilizing these options.
This is an ERC20 token. Investors looking for a safe place to store their tokens will need to utilize an Ethereum based wallet. There's a ton of good choices here, and as long as you choose a reputable option, then you can't really go wrong. If you need a suggestion, then you could consider using Coinomi's multi-asset mobile wallet for Android and iOS, or possibly Meta Mask for browsers. If you are planning to make a substantial investment in cryptocurrencies, then you may want to purchase a hardware wallet like a Ledger or KeepKey in order to store your funds in a safer manner. Never keep your fund on an exchange and always make back ups of your wallet files or seeds.