Howdoo uses a cryptographic token called the µDoo as the lorry for transferring worth between users, marketers and operators of the Howdoo platform. As an outcome, the µDoo is the token that makes it possible for the whole Howdoo platform to work.

It is the currency for advertising on Howdoo, with marketers required to own µDoos for funding campaign activity, and to bid for access to particular individuals, audiences and communities via the Howdoo Ad Auction platform.

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

Private users will have the ability to offer digital possessions (such as music and art work) through their channels, with items for sale listed and available for seeing by other members, and purchases dispersed to the buyer by means of the Howdoo blockchain social media network. Smart agreements will make sure that the rights to the digital asset are exclusively signed over to the buyer upon successful execution of the µDoo deal. This process will remove the threat of counterparty risk dealt with by purchasers on traditional online markets, without the requirement for a controlling central celebration.

The Howdoo platform will likewise make it possible for specific users to transfer µDoos in between each other, either as standalone payments, micro-payments, or as a single leg of a purchase deal. These deals will be completed in µDoo and users will be able to see them in a comparable fiat currency of their option, with currency exchange rate showed through integrations with a third-party foreign exchange service.

As an outcome, payment amounts will exist in regional fiat currency to payers, payees, purchasers and sellers, suggesting the intricacies of payment and acquiring with a crypto token are eliminated. This essential function minimizes the challenge of psychologically determining exchange rates, which in turn will enable individuals to determine the value of individual purchases more quickly.

Both banked and unbanked users will be catered for, as individuals will be able to send µDoos around the world, independent of conventional banking facilities, as quickly as they send out messages and media. Allowing µDoos to be moved within a social network environment will likewise make it possible for resource-pooling in between member of the family and neighborhoods around the world.

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