Wowoo (WWB)

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Wowoo platform is a virtual service foundation, which is designed to create value towards inspiring contents. Users of the platform are called Wowers and Wowees.

Joke Name

Wowoo = Virtual Service

Basic Intro

Link to the main website

Link to price/market cap

Exchange Ticker (WWB)

Coin or Token

Circulating Supply (233 million)

Total Supply (3.8 billion)

Market Cap Ranking

Review

Wowoo is a virtual ecosystem, which is consisted of Wowoo Platform as the core service, Wowoo Tokens as proprietary crypto-assets that supports the ecosystem, and Wowoo System as the computer infrastructure. Wowoo platform is a virtual service foundation, which is designed to create value towards inspiring contents. Users of the platform are called Wowers and Wowees. Wowers and Wowees of the platform can represent their gratitude in forms of crypto-assets and Wowoo Tokens. Wowoo system administrates the generation of Wowoo Tokens and controls multiple functions of Wowoo Platform, including related products and its users. This system generates all Wowoo Tokens including the series of WowBit.

Crowdsale:

The Wowoo, based out of Sinagpore, managed to raise over $21 000 000 dollars for their project, with one WWB token amounting to 0.01 NEO at the time.

Key Features:

  • Smart-Active-Control
  • Reserve System
  • Platform

Smart-Active-Control

The biggest feature of the Token issued by platform is the applicability of the design of inherent rights in Wowoo Token and its derivative new token. It is possible to design not only rights such as real estate with economic value but also voting rights of popularity vote. Escrow settlement in commercial transactions is also possible. Token Sale users who use the Wowoo platform can easily include their industry characteristics and design intent. However, in order to maintain soundness the design requires review and approval by the Wowoo Council.

Reserve System

The Wowoo stores reserves to conserve the monetary value of Wowoo Token. We will save the minimum reserves by the Base Cryptocurrency at a certain conversion rate (“CR”) to stabilize the monetary value. In case of the WowBit, the default CR is 20%. The Wowoo Operator always operates new WowBit issue volume so that the reserved value of the Base Cryptocurrency is kept 20% of the total value of WowBit. This system allows maintaining the equivalent and fair balance between buyer and seller. For Token Sale applications on the Wowoo platform, Token Sale issuing users can build their own reserve strategy in addition to the minimum reserves. This makes it possible to apply to tokens etc. which are lower volatility system and suitable for international trade and commercial settlement.

Platform

The  platform will be accessible through an easily manageable web application graphic user interface (GUI) that will be optimized for a series of Wowoo services but will run on any decentralized browser. Smart Token Control (STC) generated based on Ethernet smart contract includes several unique features, including Activation Control, Duration Management and Special Votes Control to name a few.

Problems:

Wowoo is a pretty strange hybrid, it aims to be multiple things including an ICO platform and a fundraising platform among a few other. It has this reward system based on contributions much like Steemit and overall the goal of the project is pretty unclear, or not clear enough for a sector that is so competitive.

Conclusion:

The project seems to be legit, however it’s not an exciting one. While it does have some users, there are many other similar platforms out there that are quite better at doing what it does. The platform attempts to be way too many things at once, which leads to a rather poor execution of its services and may explain why there’s a lack of interest in Wowoo and its features.

Pros

  • Legitimate project

Cons

  • No direct backing (asset, profits, commodity)
  • Lots of competition
  • Similar platforms already
  • Limited exchanges