YEAY and WOM Token Partner For Blockchain Content Rewards System

YEAH partners up with WOM Token Ltd. to Build New Brand

Nearly every person in the cryptocurrency world has one social media account or more. And by looking at the research on social media users, they spend at least 135 minutes a day on the internet. For a specific generation or demographics, mainly millennials and generation Z, the time spent is much much higher.

Regardless, the numbers prove that people all over the world spend two hours a day or more on the internet. Create and share content with other users. More often than not however, the art of creating content is mostly done for the sheer love of doing it. People have been paid money before, and now WOM token ltd wants to make happen.

New B2C Marketplace

YEAY made the accouncement finally launched their mobile app in 2017. It serves as a B2C marketplace for Generation Z that was redone to be used as a video conference platform designed for millennials and generation Z. The WOM Token Ltd, on the end of the spectrum, WOM is an acronym for word of mouth.

It’s an innovative referral tool used to facilitate interactions between the brands and fans. Yeah has more than 170,000 users on the network and is the first platform to become a WOM partner on their ecosystem the company serves as a type of campaign manager, connecting various brands and creators with smart contracts and all operates on the blockchain, plus is open sourced.

The partnerships designed to ensure that users can monetize their own personal online content by creating a new platform that is designed to provide incentives for user generate content. The incentive will be done by using WOM Tokens, which is based on the Ethereum token – enabling the powerful new blockchain technology. Along with this, the main purpose is to be a worldwide reward system for users to use, create and advocate their passions on.

WOM Tokens are primarily powered on Ethereum’s network and will provide a very transparent and reliable peer to peer interaction system plus transaction system that runs to connect fans with brands without a third party to moderate. These WOM Tokens are then used to trade on decentralized and centralized networks and exchanges for any means the holder wishes.

A Platform To Monetize Online Contents

The new concept of paying users on the internet for their content isn’t new. But YEAY does not want to just see users rewarded for their content alone. With the new platform, the two generations passionate about art and content can now promote it and get better chances at becoming brand ambassadors.

For brands on the other end, incentivizing user-create content is going to help them to better optimize content as a result to improve the standard that people will create it at. Studies have also shown that influencers greatly impacts reliability, more so than it would with any other medium, resulting in more youths wanted to improve their brand rating.

When it works this way, the new generations are empowered which is pretty much YEAY also has a young advisory board made up of only members from Generation Z. The purpose is to make sure their needs are always being met. One of the policies for example makes it necessary for brands to get permission from content creators prior to using it. It’s part the of the agreements that is simplifying content distribution and protection on the WOM Token Ltd network.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,482FansLike
2,795FollowersFollow
4,265FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

US Lawmakers Propose Two New Bills to Streamline Digital Asset And Crypto Exchange Regulation

The U.S. Senate released two new bills on Thursday, aiming to provide regulatory clarity on digital assets. The first, introduced by Congressman Tom Emmer...

European Commission Proposes Legislation to Turn Crypto-Assets into Regulated Financial Instruments

The European Union is set out to regulate crypto assets in the bloc, in the world’s most comprehensive set of rules to protect its...

Is Bitcoin Out of the Woods Yet or Are We Looking for Deeper Losses?

This week has been somewhat of a whirlwind. We entered the week on a negative note, with a weak performance on the past weekend. On...

Despite Regulatory Uncertainty, Huobi Exchange Launches A Mobile Trading App for Russian Users

Huobi, one of the leading crypto exchanges, launches a mobile trading app for its Russian customers. The new mobile trading app would allow Russian...

Parity Technologies Releases Substrate 2.0 to Build Custom, Scalable Blockchains Interoperable with Polkadot

Substrate has achieved a major milestone; the blockchain framework has released version 2.0, which is also compatible with Polkadot, which, along with Kusama, is...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today