Press Release is a under-development blockchain-based social media platform that developed by senior members of China Bitshares community. After the Initial Coin Offering (ICO) on BitFundPE owned on May, the first version of yoyow will be released within the next few months.

"Yoyow will become the blockchain version of Facebook, Quora and Zhihu" said Alex Lee, media manager in yoyow project for oversea market ."Compare to our competitors (steemit, decent etc.), yoyow has many advantages: Firstly, the yoyow blockchain is built on Graphene framework that provide fast confirmation speed, and use a new consensus algorithm - PoF (proof of flow) to better reward content creators, curators and third party platforms. Secondly, a lower system influence ratio, the annual influence ratio of yoyo coins will below 10% to avoid price fluctuation and ensure the investment from our investors is not eroded. Thirdly, yoyow built-in full toolkits for content compliance and advertising systems to make yoyow project more sustainable."

Following are some main features of yoyow project:

  • 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

Like witness system used by bitshares, yoyow has a similar 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 removing content from the blockchain if the content violates the law. BUT the removal 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.

Media contact

Company name:
Company site:
Company contacts: Alex Lee
Media Manager

This is a paid press release. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

Related News

Influencers are invited to become ‘metapreneurs’ as social media moves to Web 3.0

Sarah Jansen

City of Liverpool takes interest in blockchain-powered food delivery platform

Zhiyuan Sun

Blockchain tech firms AllianceBlock and Flare integrate technologies to expand their DeFi ecosystems

Zhiyuan Sun

Risk Harbor set to take over decentralized insurance protocol Ozone on Terra network

Zhiyuan Sun

Enegra migrates digitized equity tokens from Ethereum to Polygon blockchain

Zhiyuan Sun

University of Cambridge to launch decentralized carbon credit marketplace on the Tezos blockchain

Zhiyuan Sun

Follow us on Facebook