WONO REVIEW

karldark (40)in #cryptocurrency • 8 years ago

Introduction
Research and the recent success of new sharing companies has shown that the sharing economy is increasing geometrically. The relatively cheap prices offered when compared to the other stressful or centralized alternatives are attributed to the success of the recent sharing companies. The sharing economy which is largely based in the northern part of the American continent has shown its capability to help in solving many problems related to the sharing of properties, rental services, exchange services and intermediation of exploitative parties. But the need for more decentralization, security, and technological improvement has led to the creation of WONO platform.

WONO

WONO platform is a decentralized peer-to peer-platform for the exchanging of property and services powered by the Ethereum blockchain technology. The platform creates an ecosystem for hire or rental of assets and properties. The system is designed to provide a good transparent rating system to determine trustworthiness and also ensure transparency in the exchange of services, sharing or renting of properties with minimal charges. It completely eliminates the challenges of intermediaries and acts as a bridge between the real world and the cryptocurrency world.

Sharing services include space sharing (home), transportation sharing (vehicle), miscellaneous asset sharing (membership, gadgets, instruments) and service sharing (freelancer model). The platform uses the WONO token for transactions and payment on the platform. There is a capability of developers to integrate idea onto the platform using the WONO platform capability.

The WONO environment consists of the WONO protocol, WONO client and WONO API. The WONO protocol is an Ethereum-based network smart-contract used in the implementation of the business model. The WONO API is a caching service that enables the easy use of the WONO platform. The WONO client is a flexible application system used to interact with the WONO protocol and to work with the WONO API.

With activities and systems carefully organized to ensure a seamless user experience, transparency, first-class security, and user integration in the platform, WONO seeks to be one of the leading service providers in the global rental and sharing industry. With the use of technologically advanced features and methodology, asset monitoring, recommendation services, machine learning, predictive analysis; data analysis and reporting is done with relative ease. All these help in the proper and efficient use and management of the system to help in providing unique service to the renters and people in need of sharing services.

WONO Token and ICO
The WONO token is based on the ERC20 standard and it is a utility token used within the WONO ecosystem which is issued on the Ethereum blockchain. It is the native cryptocurrency of the WONO ecosystem. It can be used for many services such as the paying for asset or rent, paying platform fees, crowd dealing insurance, crowd deal arbitration etc. As the users of the platform increases and the system becomes globally recognized, the growth rate and the value of the token increases creating a massive opportunity for early investors.

The WONO token is being offered to the public to purchase through an ICO/token sale exercise. The maximum supply of WONO tokens is capped at 79 166 667 tokens of which 60% would be for sale the ICO. The remaining 40% would be for team members and advisors, bounty and reserves. Details of the exercise and tokenomerics can be found below:

Roadmap
The high potential for a successful project completion significantly reduces the risks associated with ICOs of which the WONO ICO is not excluded. Revenue generated from the sale is to be used for the further development of the ecosystem through engineering and product development, marketing, business development, legal and community activities.

With the use of incentives, a strong rewarding referral system, bounty programs, affiliate programs and the like, the platform would be marketed to gain a lot of early investors and create a large community base in the global rental world. The ICO is slated to hold in August 2018 and with a clearly designed roadmap; the program is to be in full operation by the 1st quarter of 2020.

Conclusion

The team is highly determined to make this project a big success. Their main goal is to build a lasting bridge between the cryptocurrency world and real assets/services and also help to create a sharing economy ecosystem embedded with transparency, trust, responsibility, and security. A brief of their various profiles is shown below: