WOM Protocol update: WOM Live price, price chart, news and markets

The WOM price update as of now is $0.02383. In the previous 24 hours, its trading volume was $456,449, and its value has decreased by -5.95%. As of now, WOM's live market cap is $23,828,965, and it is ranked as the #1110 on the Coincu. WOM has a circulating supply of 1,000,000,000 and a maximum supply of 1,000,000,000.

Understanding the WOM Protocol

The WOM Protocol is a revolutionary marketing channel that leverages Blockchain technology. It provides a platform for brands, content creators, publishers, and social networks to monetize word-of-mouth recommendations on any app or platform. It has gained support from experienced investors globally.

The WOM token, a utility coin secured by the WOM Protocol, utilizes cryptography to fulfill designated functions outlined in the WOM Protocol code. It plays a crucial role in the WOM Protocol ecosystem as the primary utility token on the network. These tokens are implemented as smart contracts on the Ethereum Blockchain.

The Components of the WOM Protocol

• The WOM Ecosystem comprises a community of participants involved in content creation and distribution. They are incentivized through the fair distribution and remittance of WOM tokens.
• Developed to facilitate transparent interactions, the WOM protocol eliminates the need for intermediaries to control emissions and distribution.
• Maximizing decentralization, the protocol incorporates best practices and recent research findings. It will be deployed on the Ethereum Virtual Machine (EVM) within the Ethereum Blockchain, utilizing robust decentralized libraries and frameworks to mitigate destructive interference.
• To discourage malicious activities, participants in the WOM Protocol must stake tokens (referred to as deposits) as a guarantee for adhering to specific rules in order to earn WOM Tokens.