YOYOW is now not only an acronym for ‘’You Own Your Own Words’’ but also a cryptocurrency.
To keep to the blockchain theme, YOYOW (YOYOW) is an Ethereum blockchain network which through the use of a different decentralized consensus method — proof of flow (PoF) — quantifies participants’ contributions and gives reciprocal value to its participants in return for creating high-quality content.
Therefore, the goal is to provide incentives and reciprocal returns to content producers, content supporters, curators, and consumers of the content ecosystem. The benefits of using YOYOW’s platform are not only that users can access the full toolkit it provides for content compliance, but retain the decentralized functionality of a blockchain.
So, how can you go about securing YOYOW tokens? The Ledger Nano S/X is arguably the most secure way to protect any ERC-20 token, including YOYOW. Go through the easy-to-follow instructions below to learn how quickly you can secure your tokens.
Before you begin: You will need to have the Ledger Nano X/S hardware wallet, and the Ledger Live app installed on your computer or mobile device.
Before you begin: Make sure your Ledger Live application is up to date:
- Download Windows 10 Ledger Live update
- Download MAC OS Ledger Live update
- Download Android Ledger Live update
Note: to secure any ERC-20 tokens you first need to have the Ethereum app installed on your Ledger Nano X/S. This is because all ERC-20 tokens are based on the Ethereum network. Once Ethereum is installed you can then add any ERC-20 tokens, including YOYOW to your account and manage your funds from there.
