YOYOW --- a Graphene based UGC platform --- is coming
Who we are?
YOYOW is a Graphene based DAC for User Generated Content(UGC) , it will focus on Chinese market at the first stage.
Core team members are:
Founder, he is also the founder of hellobts.com, and managing the biggest bitshares QQ group and wechat group, a very innovative social media frontier.
Co-founder, he is also the founder of transwiser.com, committee member of Bitshares and famous blockchain investor in China.
Co-founder, he is also the R&D manager of YOYOW, a very experience Bitshares developer, the developer of bts-go,bts-go is a smartphone Bitshares wallet. He is maintaining the witness xn-delegate.
Co-founder, he is also the moderator of Chinese sub forum on bitsharestalk.org and administrator of btsabc.org, plus, he is the local ambassador of openledger in China.
Co-founder, he is maintaining the witness.still, a long time Bitshares supporters since very early stage.
PhD, UI and plug-ins developer
we have three more developers and many more marketing people that were not involved in Bitshares or has just entered blockchain industry recently.
In addition, many famous guys from Chinese Bitshares community, have also supported us either as investors or advisers, for example,
Founder of btsbots.com, long-standing Bitshares participant
Very talented developer of both bitshares and steem
Fenbushi Capital's Managing Partner, co-founder of Bitshares
Co-founder of Metaverse and szzc exchange
Angel investor and adviser in Bitcoin startups Bitangel including Btc123 Bitbank Bw Bither okcoin huobi LTC ETC Qtum Metaverse.
As you can see, YOYOW is actually a product that unites most of the core players of Bitshares in China, and we believe that YOYOW will absolutely add much value to Bitshares too, at least it will be the propaganda front of Bitshares to the whole cryptocurrency community.
So, what is YOYOW exactly?
Although there will be many similar features between Steemit and YOYOW as both of which uses Graphene bottom layer, YOYOW is not a Chinese version steemit, YOYOW has its independent blockchain and its vision is far more than steemit. The biggest difference is that steemit intends to be a social media platform, but YOYOW wants to be a platform for other social media platform.
I don't want to release too much details today, because the testnet is not yet online, and many features are still under discussion. I just want to say that, steemit is excellent, but YOYOW know Chinese better. Just like uber is beaten by didi, amazon is beaten by taobao, paypal is beaten by alipay, telegram is beaten by QQ&wechat, in one word, Chinese knows Chinese better.
Some basic features of YOYOW:
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.
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.
Roadmap of YOYOW
March, 2017 - Release demo website(already live on demo.yoyow.org)
May, 2017 - Complete the development of DEV network
August , 2017 - Release Testnet
October , 2017 - Release Mainnet
November, 2017 - Complete the development of API features for third-party websites
March, 2018 - Release built-in prediction market features
April, 2018 - Integrate other third-party prediction market applications
Yoyow Crowdsale ICO Plan
Since there will be no English version at the first a few months, there was no marketing activities in English. That's why Iwe make this announcement just two days before the ICO. The main purpose of this announcement is to let the English Bitshares community know what we are doing. Though we indeed get a few reports in English media.
Token supply: 1 billion
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
Annual inflation rate: First year no more than 10%, then the inflation rate will decrease year by year.
ICO will be carried out on four platforms --- Bitshares DEX(30 million), ICOAGE(80 million), ICO365(80 million), BTC9.com(80 million).
By the time I post this article, I have heard that the tokens distributed to btc9.com have nearly been sold out in forms of "reservation", even there are two days left before the official crowdsale starts, you can know how popular YOYOW is in China.
Please find more details on: