ICO Analysis: Howdoo

I'm starting to look at ICOs before they even open up for sale. If a coin takes off, it's better to have gotten in sooner rather than later. Lately, I've been learning about Howdoo. In a lot of ways, Howdoo reminds me of Steem. Both platforms reward the community who uses them, rather than a small group of owners and shareholders. Both are decentralized and run on a blockchain-based network.

Howdoo is different because it is focused on advertisements, your management of them, and money transfers. They want you to have control over your personal data and allow you to opt-out of sharing it. This is especially relevant with the current Facebook controversy over how your information on some social media can be used and manipulated. Not only would you have more power over your social media information, but you would be financially rewarded for doing so. That's not where Howdoo's ambitions end. They also want to eliminate restrictions on money transfer. Howdoo believes you should be able to transfer money to a friend or family member at the touch of a button, easily open online shops, and privately purchase online goods and services.

The biggest focus of all? Building communities. Every user will have the ability to set up a community. According to Howdoo's whitepaper, "These will naturally differ in scale and privacy levels depending on the intention of the creator - from private groups between close friends and family members to vast, borderless collections of people who share a common interest." Whether or not you choose to be advertised to (and earn money from it), Howdoo will let you create communities with others, message them, or securely transfer money with them. Community members will be able to decide, through a voting system, if they want to allow their community to be advertised to. If they decide they do, users will earn rebates from the ads.

Howdoo's token for transferring value will be called µDoo and will be on the public Ethereum blockchain as an ERC20 token. The µDoo coin will have its own wallet where users can easily deposit or withdraw. The wallet will show both as fiat currency with the option to view amounts in µDoo as well. They don't want you to waste time making exchange rate calculations, but rather be able to more easily perform transactions.

Most of the information in this post is from Howdoo's whitepaper. I've read several crypto whitepapers, but never one that was so easy to understand. You don't need to be a technological expert to read this one. To me, that's a good sign and I recommend checking their whitepaper out. I don't want to invest in anything I don't understand and I feel that Howdoo's goals and values are made very clear. I'll definitely be following to see how these Howdoo communities develop. Their public presale begins on May 2nd with a 20% discount. Beta testing will begin later this year and the official public launch is set for March 2019.

You can find more information on their website here: https://howdoo.io/ or their telegram here: https://t.me/HowdooHQ

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