Howdoo utilizes a cryptographic token udoo called the µDoo as the car blockchain social media for transferring value between users, marketers and operators of the Howdoo platform. As a result, the µDoo is the token that enables the whole Howdoo platform to function.

It is the currency for advertising on Howdoo, with advertisers needed to own µDoos for moneying campaign activity, and to bid for access to specific individuals, audiences and neighborhoods by means of the Howdoo Ad Auction platform.

The µDoo is likewise the system for satisfying users for engaging with highlighted material, and content creators for the traffic they generate. It likewise empowers our network sellers, supplying a kind of worth exchange to promote activity for the merchants that will trade on Howdoo.

Private users will be able to sell digital possessions (such as music and artwork) through their channels, with products for sale listed and readily available for seeing by other members, and purchases dispersed to the buyer through the Howdoo network. Smart contracts will ensure that the rights to the digital possession are specifically transferred to the buyer upon effective execution of the µDoo transaction. This procedure will remove the hazard of counterparty threat dealt with by buyers on standard online markets, without the requirement for a controlling main celebration.

The Howdoo platform will also enable private users to transfer µDoos between each other, either as standalone payments, micro-payments, or as a single leg of a purchase transaction. These transactions will be completed in µDoo and users will have the ability to view them in an equivalent fiat currency of their choice, with currency exchange rate displayed through integrations with a third-party foreign exchange service.

As an outcome, payment amounts will exist in regional fiat currency to payers, payees, buyers and sellers, meaning the intricacies of payment and buying with a crypto token are eliminated. This important function minimizes the obstacle of psychologically calculating exchange rates, which in turn will enable people to gauge the value of specific purchases more easily.

Both banked and unbanked users will be catered for, as individuals will have the ability to send µDoos worldwide, independent of standard banking facilities, as easily as they send out messages and media. Enabling µDoos to be moved within a social media environment will likewise make it possible for resource-pooling between relative and communities around the world.

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