yoyow.org is a Blockchain-based social media platform that developed by senior members of China Bitshares community. The team estimates to release the first version of yoyow within the next 3-4 months and the Initial Coin Offering (ICO) of yoyow.org will be held on May 5 on major Chinese ICO platforms, more details regarding the crowdfunding campaign will be released in the coming weeks.
yoyow intends to become the blockchain version of Facebook, Quora and Zhihu, Compare to our competitors(steemit, decent etc.), yoyow has many advantages:
- the yoyow blockchain is built on Graphene framework to provide fast confirmation speed.
- a new consensus algorithm – PoF (proof of flow) for better reward content creators, curators and third party platforms.
- low system influence ratio, unlike the high annual influence in the early version of steemit (300% first year), the annual influence ratio of yoyo coins in yoyow will below 10%, to avoid price fluctuation and ensure the investment from our investors is not eroded.
- yoyow built-in full toolkits for content compliance and advertising systems to make yoyow project more sustainable.
Key members of the yoyow team:
Qiang Li(newtree): Co-founder, the owner of hellobts.com
JiaLing Liu(bitcrab): Co-founder, the owner of btsabc.org and transwiser.com, a committee member in Bitshares .
Necklace: backend developer, the developer of bts-go,bts-go is a smartphone Bitshares wallet with trading feature.
XiaoShan: PhD, Marketing Manager
Following are some main features of yoyow project:
- Blockchain-based Content Platform
All text content such as articles, urls are storage on the yoyow blockchain, multi-media content such as images, videos will be storage on InterPlanetary File System (IPFS) network. The underlying architecture used by yoyow blockchain is Graphene that provides lightning fast confirmation speed which is essential to a blockchain-based content platform.
- Content Compliance
Like witness system used by bitshares, yoyow has a similar system called “Council”.The members of Council are elected by stakeholders of the platform. Except for generating blocks, etc. the Council also has the right of removing content from the blockchain if the content violates the law. BUT the removal right can only be used when majority is reached in the Council.
- PoF (proof of flow)
For any kind of social media platform and website, its value is always about website traffic. Platform carry information users needed. Traffic brings advertisement and profits to platform. So we believe user’s value to the platform can be evaluated by how many effective traffic users brings to the yoyow platform, and at the same time, yoyow gives rewards to users that creates useful content which attract more traffic to the yoyow platform