WONO ICO Review: A Decentralised P2P Marketplace
Project Overview
What does the company/project do?
WONO is a decentralized P2P (peer-to-peer) platform for exchanging property and services.
WONO offers the environment for hire and rental tangible and invisible assets, as well as ordering and performing services based on Ethereum blockchain and the Interplanetary File System (IPFS).
The project’s aim is to arrange ideal conditions for a convenient exchange between users with minimal transaction costs, regardless of location.
The WONO platform is designed for several traditional sharing economy segments and freelancers. All tokens users earn by renting out assets or performing jobs can be spent on the platform without any limitations. What’s more, users can exchange their assets or service directly with another user’s asset or service.
WONO is building a decentralized sharing economy platform that can achieve the following:
Builds a bridge between the virtual world of cryptocurrencies and the real world, letting users to go freelance or hire freelancers, hire or rent out cars and real estate, exchange theater subscriptions or gym memberships, and much more.
Creates a horizontally structured market and redistributes income from middlemen directly to service providers, asset owners, and community members.
Offers a whole new level of deal transparency and access to information for each transaction, thereby generating trust among market players.
Eliminates currency exchange fees and international transaction costs, reducing travel and business trip expenses.
Strengthens the role of the community in system regulation using crowd deal insurance and crowd deal arbitrage.
WONO focuses on the following sharing economy business sections:
• Space sharing: Combining P2P rentals (e.g., Airbnb) with the home-swapping concept.
• Transportation sharing: Using Turo/Getaround model where a person can hire or rent out a vehicle for any desired duration.
• Miscellaneous assets sharing: Users can hire and rent out any assets in their possession (e.g., gym memberships, gadgets, instruments).
• Services sharing: Combining Freelancer/Upwork model for remote jobs and TaskRabbit for micro jobs.
WONO offers its resources for third-party start-ups and lets them improve their businesses using blockchain technologies, boosting the liquidity of their market segments and cryptonomics at large.
WONO ENVIRONMENT
WONO PROTOCOL: a set of decentralized apps (Ethereum smart contracts as DAPP backend) implementing the WONO business model.
WONO API: accelerator (DAPP caching service) of the WONO Protocol.
WONO CLIENT: official client Web application (frontend DAPP) used to work with the WONO API and WONO Protocol.
How advanced is the project?
The idea and business was established in Q1. 2018. The project’s future development is as follows:
Q2. 2018
Private Pre-Sale, preparation of vital business documents (Blue Book drafts, pitch scenarios, planning the business structure development.
Q3. 2018
Publishing an interactive mock-up of the project, establishing the structure of the business, public Pre-Sale, running the ICO, placing tokens on crypto stocks, audit and requirements testing of the WONO API, launching the PoC (alpha) in the public network.
Q4. 2018
WONO PROTOCOL publishing with “CLIENT test network launch (beta), forming a preliminary strategy of the product.
Q1. 2019
Preparing WONO for the market (release candidate), launching the technical support services, WONO audit and requirements testing: product strategy implementation / product model accordance / security testing / high load fault tolerance.
Q2. 2019
WONO market release, user migration from the test network to the Ethereum network, start of the marketing campaign.
Q3. 2019
Reparations for the massive user registration, market expansion.
Q4. 2019
Scaling the project, launch and expansion of the public marketing campaigns.
Q1. 2020
Launch of the partner program, product strategy updates, project growth support.
Q2. 2020
Analysis and further business growth.
What are the tokens used for and how can token value appreciate?
WONO is a utility token based on the ERC20 standard. It is used for all transactions among the participants of the WONO ecosystem (the WONO platform and DAPPs, based on the WONO API). WONO can be used for the following activities:
Paying for Asset rent or services
Paying platform fees
Crowd deal Insurance
Crowd deal arbitration.
WONO tokens should appreciate in value as more assests are placed on WONO platform and increase in the number of users. Burning of unsold tokens after the Crowdsale will also make the token value to increase.
WONO Token Details
Token Symbol: WONO
Token Sale Starts: July 2018
Token Price: 0.5 USD
Total Supply: 47,500,000 WONO
Token Standard: Ethereum
Soft Cap: $7,000,000
Hard Cap: $20,000,000
WONO Crowdsale
Tokens on sale 60%
Team and Owners 20%
Reserve 12%
Advisors 5%
Bounty 3%
Team
The WONO team is currently comprised of at least 17 members apart from advisors. The biographies of the key team members are summarized below:
Alexander Esaulov, CEO, Founder- Alexander Esaulov came up with the idea of WONO on a flight from Los Angeles to St. Petersburg when he realized he was tired of being charged by all the services he uses during his business trips. He is an entrepreneur and a marketing expert. Alexander founded and successfully sold various startups: Greeder (a products market place with a bargaining option), Alex Games (fitness reality show), Burn to Earn (fitness reality show in the United States), SPb Fighters (MMA reality show).
Timofey Esaulov, Business Development Manager- Timofey Esaulov has 20+ years of experience in management business development, analysis and strategy as a CEO in several companies. He was senior supply manager at the Ford Motor Company for more than 10 years. Timofey is in charge of business and financial planning at WONO.
Andrey Chepelev, COO- Andrey Chepelev is Editor-in-Chief and Project Manager at Kolesa.ru. In four years, he raised the website’s monthly audience from 0.7 million to 2 million and developed it from a small regional media into the no. 5 automotive media site in Russia. As a successful executive and media expert, Andrey worked with Alex Esaulov as COO at Alex Games and Burn to Earn.
German Solodov, CMO- German Solodov has seven years of experience in digital marketing and is a SEO guru. At his last place of employment (Alex Fitness, the largest gym operator in Russia) he raised the company’s digital sales by 12% in just six months, converting a $100,000 marketing budget into $700,000 of revenue each month.
You can find details of other team members and advisors here
ICO is still going on and you can learn more about it and all bonuses included here
Conclusion
WONO is a project that want to revolutionize the ever growing sharing economy industry by building ecosystem based on the principles of transparency, mutual trust, and responsibility.
Useful Links
Project Website
Whitepaper
ANN Thread
Telegram Open Chat
Blog
Bounty0x Username: Adebits
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