HOWDOO ICO - THE POWER OF SHARING

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HOWDOO ICO - THE POWER OF SHARING
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<center><b> Howdoo
The power of sharing</b></center>

Howdoo: the messaging and social media platform for today’s generation, inspiring more culturally rewarding, trusted,and value-driven social engagement.

<b>The howdoo ecosystem</b>

The fundamental principle behind the Howdoo ecosystem is that all participants should be financially motivated to behave responsibly and share value with each other. The ecosystem itself consists of :

- Users
- Content creators
- Sellers
- Advertisers
- 3rd party developers

All connecting and transacting with each other through a network of decentralized communities powered by Howdoo node operators and tellers.

<b>Distributed Autonomous Communities</b>

Any user of Howdoo will be able to setup a community. These will naturally differ in scale and privacy levels depending on the intention of the creator – from private groups between close friends and family members to vast, borderless collections of people who share a common interest. Users will be able to create, join, and participate in communities in order to communicate with and transfer value between other people around the world. In addition, users will also be able to use the network to download games and share experiences with friends and competitors a like.

The Howdoo platform also offers two distinct approaches to managing these communities:

- Sole administrator – where the user who initially sets up the community retain administrator controls moving forward

- Meritocratic – where the user who sets up the community has no special role or permissions, and has to play by the same rules as all other members.

<b>Proof of contribution</b>

Each individual user community member will have a proof of contribution rating-a continuously evaluated score that will define the permissions, access rights, etc.
Note that a user will have a different Proof of Contribution score for each community they belong to, as well as an aggregate. Proof of Contribution is therefore not a holistic rating of a user, but a measure of their contribution to that specific community. It is possible that a user may be a key positive contributor to one community, but a disruptive influence to another.

<b>Messaging</b>

The messaging experience within Howdoo will be designed to be familiar to users of existing centralized messaging applications. Users will be able to communicate one-to-one privately through direct messages, as well as posting in the communities they belong to.
A community will have one or more conversation threads called channels. There will be a default channel created when the community is first established and members can create additional channels depending on their Proof of Contribution.
Users will also be able to share text-based messages, pictures, files and videos. Message input will be presented in IM form with emoji support to encourage short, informal messages rather than longer and more formal email-style communications.

<b>Democratic Moderation</b>

The promise of the platform is that communities will be self-moderating – there will be no moderation from the Howdoo ECO Company or any other central party. We understand that for a messaging and social media platform to stay relevant, it must do so without exerting any form of editorial bias or commercial agenda, and Howdoo will use this belief as our guiding philosophy. That said moderation will exist, with community members flagging any messages, images or video content deemed by them as being inappropriate. Once this is done, it will be down to the wider community to agree or disagree, and if a quorum of agreement is reached then the system will remove the content. In the same way, communities can also vote upon whether to ban members who are disruptive or seen to be exerting a negative influence – an action that will also require a wider consensus.
In both instances, the votes of individual community members will be weighted in accordance with their Proof of contribution scores

<b>Transactions</b>

The Howdoo platform will also enable individual users to transfer money
To each other either as standalone payments, micropayments, or as a single leg of a purchase transaction. These transactions will be completed in μdoo, but users will be able to display them in a fiat currency of their choice, with exchange rates displayed through integrations with a 3rd party foreign exchange rate service. As a result, payment amounts will be presented in local fiat currency to payers, payees, buyers, and sellers, thereby removing the complexities of a cryptotoken from the payment and purchasing experiences. This will be an important feature for minimizing the challenge of mentally calculating exchange rates, which in turn will allow people to more easily gauge the value of individual purchases.
Individual users will also be able to sell digital assets (such as music and artwork etc.) Through their communities, with items for sale listed and available for viewing by other members – with any purchases distributed to the buyer via the Howdoo network. A smart contract will then be executed to ensure that upon successful execution of the μdoo transaction, the rights to the digital asset are exclusively signed over to the buyer. This process will eliminate the threat of counterparty risk faced by buyers on traditional online marketplaces, without the need for a controlling central party.

<b>Transfers</b>

Whether it’s lending money between friends, donating to a cause, or sending funds to family members back home, Howdoo will enable people to transfer their money around the world as easily as they send messages and media. Providing this service, and making it independent of traditional banking facilities, will enable Howdoo to cater for both banked and unbanked users. Once connected to the network, users will be able to convert fiat currency into μdoo via a relevant bank account, debit/credit card or the global network of Howdoo tellers, then instantly and securely send the μdoo across any international border.

Turning the μdoo back into a fiat currency for an unbanked recipient means simply locating the nearest Howdoo teller via the Teller App, and to make this process as simple and convenient as possible we will offer a Howdoo app that includes functionality for identifying the closest nearby teller to any user.

Howdoo is committed to re-imagining how value flows across a social network. We consider it a basic right of any user to be able to transfer any amount in their local currency into a recipient’s Howdoo wallet, without having to concern themselves with the complications of handling a cryptotoken – and without accruing transfer fees, foreign exchange commission charges, clearing delays, or government interference.

We also believe in the fluidity of value transfer, and enabling users to see this happen either bank account to bank account, bank account to unbanked, and even unbanked to unbanked. When either a sender of recipient is unbanked, they will simply need to locate and access the nearest Howdoo teller.

<b>OFFICIAL LINK</b>
WEBSITE - https://howdoo.io/
WHITEPAPER - https://howdoo.io/wp-content/uploads/2018/04/howdoo-whitepaper.pdf

<b>AUTHOR</b>
iblistenan - https://bitcointalk.org/index.php?action=profile;u=1100211

ETH ADDRESS - 0x97662C0530Bc995D211AE8cb3e78D634B0e73FBE
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