What is WeYouMe?

in #weyoume5 years ago

I just came accross this new social network called WeYouMe.

When I signed up it looked like a steemit app, or even fork.

Can someone explain to me what this is technically?

I could not find a whitepaper or any form of technical overview of the platform?

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You can have everything covered here

WeYouMe will be utilizing the STEEM codebase and making some awesome improvements on a brand new blockchain:
Adding rewards for storing content files on IPFS.
Adding a decentralized exchange with User Issued Assets and smartcoins.
Building a peer to peer marketplace for product and service trading.
Enabling Encrypted posts that you control visibility over.
Building a better revenue model that includes better post promotion, and membership benefits
Enabling premium content to be uploaded that charges a small micropayment to unlock
Every STEEM power and BTS holder will receive a sharedrop of the new WYM asset.

https://www.weyoume.io/s/whitepaper

WYM rewards: Every account that holds WYM for 4 weeks and is active will earn MeCoin rewards. 20% of issued MeCoin will be distributed to WYM holders, to provide a reward for ownership.
Network revenue: WeYouMe earns revenue from promoted posts, memberships, and trading fees. Proceeds are used to autonomously buy and burn MeCoin. This increases the value of MeCoin, and benefits all ecosystem participants.
Network Growth: WeYouMe offers incentives for new users to be introduced to the blockchain. The growth in users represents a growth in the value held in the WYM asset to access voting power and network resources.

They already have the TestNet running and @dahaz159 is posting everything to keep people updated on the project. Just visit his blog for more in depth info and updates.

Hi @knircky Welcome to the WeYouMe platform.
You can learn more by visiting https://www.weyoume.io and you can find the project's whitepaper at https://www.weyoume.io/s/whitepaper

WeYouMe is derived from the Steem codebase, as it is the best social media blockchain framework for us to start from. We plan to include a decentralized exchange and a peer to peer marketplace in our mainnet release, in addition to a variety of other improvements over Steem, such as returning to a non-linear content reward algorithm, including better tipping features, and implementing the option to charge micropayments for comments and premium content.

If you have any other questions, feel free to join our telegram at https://www.t.me/WeYouMeNetwork

  • DEX
  • Tipping features
  • Option to charge micropayments for comments and premium content

These are the ones I'm most excited for and I'm glad it's not another dumb clone.

sharedropping our WYM cryptoequity on all BTC and ETH holders at launch

Will this have a meaningful effect? DPoS users like STEEM, BTS, EOS and maybe even Byteball users will show interest. But there are many who are basically BTC and ETH maximalists and spreading reward too thin might not give them enough incentive to come and join.

Either way I'm following you to keep track on news.

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What is the native token of this platform??

So apparently another steem clone ( we had another clone named Weku https://deals.weku.io/ run by https://weku.io/). However, I doubt the success rate of these, because its not that easy to gather big user base and attracting the attention of investors.

I would rather rely on steem, because these proves that we have power in the steem blockchain. Since its open source, anyone can clone and create their own copies.

It is difficult for decentralized platforms to gain a userbase, as they often present significant user experience barriers to entry. At WeYouMe, we will be streamlining the signup process, taking a mobile first User Experience approach, incorporating a protocol level referral system, and sharedropping our WYM cryptoequity on all BTC and ETH holders at launch, in addition to STEEM and BTS holders to bootstrap our mainnet release.

Check out our advanced whitepaper for more details. https://www.weyoume.io/s/WhitepaperAdvanced

Steemit is getting better and people are making clones.
This one is also a clone of steemit I think.
Weku is also a clone and I think you should check that out too.

Haven't seen this clone before but the white paper mentioned both bitshares and steem quite a bit.

This part is pretty awesome:

1,500,000 – Seed Round Offering:
WYM will be allocated to private investors at a rate of $3.00 USD per unit, with a minimum investment of $50,000. If a minimum of $250,000 is invested, a 10% bonus is applied. Maximum allocation of $500,000 USD per investor.

$3 per unit with a $50,000 investment while steem is only $0.79. Pretty humorous.

White paper: https://static1.squarespace.com/static/585fc26af7e0ab0e6ad27d3f/t/5bab2fbee5e5f0b77135e319/1537945623231/WhitepaperAdvanced

The supply of STEEM is also over 280,000,000, and inflating at a rate of ~9.5% per year. The WYM asset has a limited supply of 10,000,000 and earns on ongoing reward of 20% of all MeCoin issuance.

how will the WYW airdrop to steem, bts, etc holders be distributed.....will the rich just get more or based on fairer rep like Gbyte? or equal distribution to each recently active account?

LOL more steemit clones?... interesting, i guess these will keep pumping on and on...

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