WOM Protocol

WOM Protocol

WOM
$0.028630455%2.67

Key Metrics

Price$0.028630455
Real Volume (24H)$239,457.91
Marketcap$5,382,525.5
Fully Diluted ValuationN/A
ATH$0.950545
ATH Date4/11/2021, 4:55:37 AM
ATL$0.02394051
ATL Date12/22/2022, 9:20:47 AM
Circulating Supply100M
Total Supply1B
WebsiteN/A
WhitepaperN/A
Popularity Rank1594
Chart
What is WOM Protocol?

WOM Protocol (WOM) emerges as an innovative solution in the marketing industry, leveraging the power of word-of-mouth marketing and blockchain technology. By addressing challenges related to technology barriers, behavioral changes, and trust issues, WOM aims to create an ecosystem where creators, authenticators, publishers, and advertisers can collaborate, incentivize, and receive rewards.

One of the key challenges WOM plans to overcome is the rise of ad-blockers, both on desktop and mobile devices, which have rendered online advertising less effective. In addition, consumers have developed ad-blindness and tend to mentally block out traditional ads, making it difficult for advertisers to engage their target audience. WOM recognizes the power of peer-to-peer recommendations and seeks to integrate organic word-of-mouth marketing into its marketing mix in a measurable and scalable way.

At the heart of the WOM Protocol is a fair, opt-in approach, allowing members to engage in peer-to-peer interactions. The ecosystem comprises creators, authenticators, platforms, and consumers, each playing a distinct role. Content creators generate word-of-mouth recommendations for products, services, events, or places they genuinely appreciate. These recommendations are then validated and authenticated by authenticators, who rate the content based on its quality. Creators are rewarded with WOM tokens based on the interaction and engagement their recommendations receive.

Platforms serve as facilitators of the WOM Ecosystem, providing the infrastructure for creators and consumers to participate. Their involvement in the ecosystem is also rewarded with WOM tokens. Consumers benefit from the authenticated content, as they can make informed purchasing decisions based on the honest recommendations of their peers.

The WOM token serves as the native utility token within the WOM Protocol. It plays a crucial role in facilitating transactions and interactions within the ecosystem. Implemented as an ERC20 token on the Ethereum blockchain, the WOM token is the primary utility token used within the network.

The WOM Protocol was launched in 2018 by a team led by Melanie Mohr, the CEO, and Chris Hardaker, the CPO. With a maximum token supply of one billion tokens, WOM aims to revolutionize the marketing industry by harnessing the power of word-of-mouth recommendations and creating a transparent and incentivized ecosystem.

As WOM continues to grow and develop, it promises to redefine the way marketing is conducted, fostering authentic and meaningful connections between creators, authenticators, platforms, and consumers. Through its innovative approach and integration of blockchain technology, WOM Protocol paves the way for a new era of marketing that prioritizes genuine recommendations and peer-to-peer interactions.

In conclusion, the WOM Protocol represents a groundbreaking solution that tackles the challenges faced by the marketing industry through the power of word-of-mouth marketing and blockchain technology. By integrating organic recommendations, incentivizing participants, and fostering trust and transparency, WOM creates a unique ecosystem where creators, authenticators, platforms, and consumers can collaborate and benefit from authentic peer-to-peer interactions. With its native utility token, the WOM token, the protocol enables seamless transactions and rewards within the ecosystem. As WOM continues to evolve and disrupt the marketing landscape, it holds the potential to revolutionize how products and services are promoted, placing emphasis on genuine connections and valuable user experiences.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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