WowBit (WWB) is the first token generated by the Wowoo System, and are distributed in this token sale. In order to achieve the decentralized ecosystem, the framework of Wowoo has the following three features;
1. Applicable – designable rights by Smart-Active-Control (SAC)
The biggest feature of Wowoo Token issued by Wowoo platform is the applicability of the design of inherent rights in Wowoo Token and its derivative new token. It is possible to design not only rights such as real estate with economic value but also voting rights of popularity vote. Escrow settlement in commercial transactions is also possible. Token Sale users who use the Wowoo platform can easily include their industry characteristics and design intent. However, in order to maintain soundness the design requires review and approval by the Wowoo Council ("Counsil”).
2. Stabilized – Reserve System
The Wowoo stores reserves to conserve the monetary value of Wowoo Token. We will save the minimum reserves by the Base Cryptocurrency at a certain conversion rate (“CR”) to stabilise the monetary value. In case of the WowBit, the default CR is 20%. The Wowoo Operator always operates new WowBit issue volume so that the reserved value of the Base Cryptocurrency is kept 20% of the total value of WowBit. This system allows maintaining the equivalent and fair balance between buyer and seller.
3. Autonomous – Special Resolution
Even if we design a perfect token, we might be forced to revise the fundamental rules someday in the future. It might be a revision of the issue amount upper limit of Wowoo Tokens or a revision of reserve ratio. The Wowoo Operator believes that such important agendas should be decided by the vote of the token holders, which is considered as a merit of the decentralized ecosystem. For this reason, we have inhered the special resolution function from the beginning.
The proposed agenda shall be approved by the Committee and will be passed by 2/3 of the number of votes of the respective Wowoo holders. Token Sale users generating derivative tokens using the Wowoo platform can also use this special resolution function.
These three functions will be built by developing Wowoo System, Wowoo Token and related products such as a secure Wowoo wallet.
|24h Low / 24h High||$0.36630 / $0.44335|
|Market Cap Rank||#65|
|All Time High||$0.87312694|
|Since All Time High||
|All Time High Date||2018-05-16 (about 1 month)|
|Hashrate||N/A Try Cloud Mining|
|Available/Total Supply||417 Million / 1.11 Billion|
|#||Exchange||Pair||Price||24h Volume||Volume %|