Howdoo utilizes a cryptographic token called the µDoo as the social media lorry for moving worth in between users, advertisers and operators of the Howdoo platform. As an outcome, the µDoo is the token that enables the entire Howdoo platform to work.

It is the currency for advertising on Howdoo, with advertisers needed to own µDoos for moneying project activity, and to bid for access to particular individuals, audiences and neighborhoods through the Howdoo Advertisement Auction platform.

The µDoo is likewise the mechanism for rewarding users for engaging with featured content, and content developers for the traffic they create. It also empowers our network sellers, offering a kind of value exchange to stimulate activity for the merchants that will trade on Howdoo.

Individual users will be able to sell digital properties (such as music and artwork) through their channels, with products for sale noted and available for viewing by other members, and purchases dispersed to the buyer through the Howdoo network. Smart agreements will guarantee that crypto currency the rights to the digital possession are specifically transferred to the purchaser upon successful execution of the µDoo deal. This process will eliminate the risk of counterparty threat faced by buyers on conventional online markets, without the requirement for a managing 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 deal. These deals will be finished in µDoo and users will have the ability to view them in a comparable fiat currency of their choice, with currency exchange rate showed through combinations with a third-party forex service.

As a result, payment what is social media quantities will exist in regional fiat currency to payers, payees, buyers and sellers, implying the intricacies of payment and purchasing with a crypto token are gotten rid of. This essential function decreases the difficulty of psychologically determining currency exchange rate, which in turn will allow people to evaluate the worth of specific purchases more easily.

Both banked and unbanked users will be catered for, as individuals will have the ability to send out µDoos worldwide, independent of standard banking facilities, as quickly as they send messages and media. Allowing µDoos to be transferred within a social media environment will likewise allow resource-pooling between relative and communities across the globe.