WOM QUICK STATS
Honest Word Of Mouth Recommendations
Being rewarded with cryptocurrencies for your contributions is now a reality thanks to WOM protocol.
A blockchain built with consumers in mind, WOM protocol rewards content creators’ honest feedback with WOM token, a cryptocurrency now fully integrated within the CoinPayments crypto-commerce platform.
Word of Mouth recommendations for products and businesses are shared online nearly 2.1 billion times each day. Since the beginning of mass-scale production, Word-of-Mouth has proved to be the most effective marketing strategy to date.
During the internet era, brands and marketers alike have not yet found a scalable way to incentivize trusted peer-to-peer recommendations. As the market becomes increasingly saturated with influencers paid to advertise products, many consumers find themselves questioning the authenticity of the product and content creators.
The WOM Blockchain seems to have found the answer to this dilemma.
By providing a reward in WOM token, brands can now access genuine recommendations brought forward by creators for their product referral, without compromising consumer trust.
“Once the protocol is enabled, the platform’s users can earn WOM Tokens by creating and sharing WOM content. The content platform can then take a share of the WOM Token rewards and, therefore, does not need to 5 rely on an advertising model to generate revenue. Rather, the revenue comes from focusing on user experience and growing the user base of content creators and consumers.” –WOM Protocol Whitepaper
CoinPayments is ecstatic to partner with WOM protocol to provide users worldwide the ability to store, send & receive WOM token. We are looking forward to our very own Word-Of-Mouth recommendation!
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