OWO World – Cryptocurrency Exchange Trading Automation ICO?
OWO.world is a cryptocurrency exchange and automation environment that uses machine learning and social sentiment “to make you a profit 24/7”. Find out if it’s a scam or a legit opportunity today.
What is OWO.world?
OWO.world promises to generate profits for you 24 hours a day, 7 days a week using some type of automated trading system. The company claims that their OWO currency is “the 1st crypto currency backed by an automated trading environment.”
The platform was created by a man named Anari Sengbe, described as “one of the premier product developers of our time.” Sengbe is best known for launching Gamerholic in 2014. He also created BenzPay and Grabbit, two other cryptocurrency projects.
Although OWO.world has some type of automated trading system, the company is more focused on creating the OWO cryptocurrency. That cryptocurrency is designed with perpetually low transaction fees.
How Does OWO.world Work?
Obviously, we’ve seen plenty of shady bitcoin investment schemes promise to use automated trading strategies and machine learning to make constant profits for users. Typically, these companies make big promises about their trading effectiveness and profits, but rarely make any real profits when trading in the market.
Is OWO.world yet another bitcoin investment scheme? The company claims that its bots predict prices with “80%+ accuracy” based on analyzing social sentiments. Basically, the bots listen to what people are saying about a coin online, then use that information to predict a rise or fall.
The OWO.world bots use social sentiment from Twitter, then combine that social sentiment with machine learning to get ahead of the market.
Ultimately, we don’t know much about the OWO.world trading strategy. The company’s website doesn’t go into detail about how it generates profits. Instead, most of the whitepaper is focused on the OWO currency itself.
How Does the OWO Cryptocurrency Work?
OWO.world gives more details about its cryptocurrency than it does for its automated trading system. Specifically, OWO.world claims that in a world filled with automated trading strategies, the currency with the lowest transaction costs will always come out on top.
With that in mind, OWO.world has set out to create a cryptocurrency “with perpetually low transaction fees.” To do that, OWO.world has introduced two new concepts to the blockchain world:
1) Dynamic Circulating Supply: OWO.world attaches mining difficulty to the circulating supply of its currency. This returns power to the people by allowing users to burn OWO out of circulation. A lower circulation means lower mining difficulty. Lower mining difficulty means lower transaction fees.
2) OWO Smart Address: The OWO Smart Address allows users to customize their OWO address. Today, bitcoin wallet addresses are filled with long, barely-recognizable strings of numbers and letters. OWO smart addresses, on the other hand, allow users to add information to their OWO address.
Basically, if the OWO difficulty rises, then users have an incentive to burn tokens, reduce the circulating supply, and lower the difficulty. A lower difficulty means lower transaction fees, which means transaction fees won’t consistently rise the way we’ve seen on other blockchains.
Who’s Behind OWO.world?
OWO.world is led by creator and CEO Anari Sengbe, CFO Obi Ukaegbu, and COO Ronald Adomako.
Anari Sengbe is an entrepreneur who has launched a number of products over the years. In the cryptocurrency world, he’s best-known for launching the Gamerholic currency in 2014. He also created BenzPay for Mercedes Benz, which is a way to pay for gas, parking, and more using bitcoin, as well as Grabbit, a daily deals game that air drops bitcoin anywhere in the world.
Gamerholic token holders will be able to trade their coins for OWO coins.
Sengbe announced the OWO cryptocurrency in July 2017. Over the remainder of 2017, the company plans to continue developing and testing the OWO blockchain, with a beta release of the OWO blockchain in December 2017. By February 2018, OWO is scheduled to go public on exchanges. However, the OWO.world website claims this date may be pushed back to February 2018.
The OWO.world Token Sale
The OWO token is built on its own blockchain. It’s not an Ethereum token. That blockchain is currently being developed. However, the OWO pre-sale for tokens took place this past summer, with a crowdsale taking place throughout the remainder of 2017.
A total of 10 million OWO are being sold through the token sale.
Since the currency has not yet been mined, you’re technically buying “DMOs”, which are an agreement that the company will mine a certain number of OWO for you at a certain price.
The current price for one OWO token is $0.03. However, that number is expected to rise as more tokens are sold. By the end of the sale (the last 9 million to 10 million tokens sold), the price will be $0.25.
OWO.world is a unique cryptocurrency project that involves an automated trading system and a currency with perpetually low transaction fees. Those low transaction fees are guaranteed by a unique model where people can burn tokens on their own in exchange for lower mining difficulty. This keeps difficulty – and transaction fees – as low as possible.
You can learn more about OWO and the project online today by visiting OWO.world.