Use bitshares.org exchange to buy tokens from the Chinese YOYOW ICO

Fellow steemian @dawidrams has already posted about this ICO, but I want to expand on his comments.

Right now, Steemit is not being blocked by the mainland Chinese government, so it may seem counter-intuitive to invest in a Chinese version of Steemit, called YOYOW -- You own your own words (https://yoyow.org). But I believe YOYOW will flourish, whether Steemit is blocked or not, because the only social media allowed in China now are ones that are heavily monitored and censored by the government. These include QQ, WeChat, and Sina Weibo -- nearly everyone in China uses at least one of these. To use uncensored services like YouTube, Facebook, or Twitter requires a VPN to "climb the Great Firewall of China".

YOYOW has already started its ICO. On its website, there are links to four exchanges offering the tokens. One of those, ICOAGE, requires your real name and ID number to open a trading account. Many crypto-fans might not find that option appealing. Fortunately, there is another, better option: the bitshares exchange.

If you already have a bitshares account, it's easy-peasy to buy YOYOW tokens. After you log in, go the exchange and look to the top right corner. You'll see the box saying "My Markets" and "Find Markets," like so:

Click on Find Markets, enter your preferred base currency, and type YOYOW in the Asset Name field. Then click on the market listed below.

I used Bitshares (BTS) to place my order, but you can also use BTC, ETH, and other digital currencies.

If you don't have a bitshares account, it's easy enough to get one. Just go to https://bitshares.org. You can download the exchange app, or use the online exchange.

Since it's intended mostly for the domestic market, the YOYOW platform and its website are all in Chinese. I used fanyi.baidu.com to translate some of the information on the website's main page.

Active users, quality content providers and communicators can bring huge amounts of traffic and hundreds of billions of dollars a year in social networks and content sharing platforms such as Facebook, Twitter and Reddit. But the contribution of these community members to platform values is often overlooked by shareholders. In these platforms, the members of the community do not really have what they produce - they have neither total control nor benefit.

YOYOW will use block chain technology to establish a transparent and efficient evaluation system to quantify the value contribution and reward the users. By giving users control rights, governance rights and income rights, the community ecological and economic models are redefined, and a new ecology of content production platform is creatively constructed.

Sounds familiar, right?

A demo YOYOW platform at http://demo.yoyow.org is available for viewing. The project roadmap says there will be a testnet available by August, and fully functioning platform by October. Funds from the ICO will enable develop of the testnet, the mainnet, the API and other apps.

Before you invest in the YOYOW ICO be sure to practice due diligence, and investigate the project and its team. Be grateful for Google Translate and http://fanyi.baidu.com/#zh/en/!