YOYOW! China's Blockchain Based Social Media Network ICO! Already 89.74% Funded!

Source: https://www.ico365.com/pitch/index/102 -- the location of the ICO which investment can be made

So I caught wind of China's first blockchain based social medial platform. I thought to myself, "With China's censorship and kicking out companies that don't comply, I think growth in this could be monstrous!". So I threw an ETH at it and let it grow.

This product's crowdsale started just two days ago (May 21st) and is almost already wrapped up. Tokens will be distributed in October of this year. The site is currently in test, but is expected to launch ahead of the distribution of the tokens. So if you love Steemit and Golos, you may want to take a look at YOYOW.

Token Parameters

Distributed in ICO token sale: 300 million

Reserved for future development: 100 million

Development funds: 300 million

Promotion and third-party developer funds: 300 million

From the ICO Page:

Project Introduction

yoyow.org is a Blockchain-based social media platform developed by senior members of China Bitshares community. yoyow intends to become the blockchain version of Facebook, Quora and Zhihu, it uses a new consensus algorithm – PoF (proof of flow) to reward content creators, curators and third party platforms. Unlike its competitors, yoyow provides full toolkit for content compliance. But yet, it is still a fully decentralized blockchain content platform.

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

yoyow has a 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 hiding content from the blockchain if the content violates the law. BUT the 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 creating useful content which attract more traffic to the yoyow platform.

Our Team

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 wallevianullt with trading feature.

XiaoShan: PhD, Marketing Manager

WenZhe Lv(vianull): PhD, Developer
YOYOW—blockchain-based social media platform

yoyow.org is a Blockchain-based social media platform developed by senior members of China Bitshares community. yoyow intends to become the blockchain version of Facebook, Quora and Zhihu.

YOYOW! China's Blockchain Based Social Media Network ICO! Already 89.74% Funded!

I'm signUp!

Thank you @tee-em!