In the present age of high technology, the use of internet and the influx of people into the crypto space has made an astronomical rise in the aspect of global sharing and made high rise to the adoption of blockchain technology. Communities of people have shared the use of assets for many years and have allowed individuals and groups to make money from underused asset. Let take for instance car sharing services like UBER and LYFT.
The concept of a sharing economy is inscribed in human instinct. The structure includes sharing, gifting and swapping; individual choices are basic part of any community. However sharing economy helps to transform the relationship between employer and contractor. The use of big data has made it easier for asset owners and those seeking to use those assets to find each other. This type of enterprising can also be referred to as collaborative consumption or peer economy.
The sharing economy involves numerous and various services and business models that have been brought out from groups of services like transportation, accommodation, services, finance, goods, software and digital entertainment. According to a forecast by Pwc in 2015 estimated that the sharing economy in 2014 generated a value of $15 billion compared to a value of $240 billion generated by the traditional economy for the same sector. Further forecast anticipate that the amount is expected to reach $335 billion by 2015 which is equivalent to 50% of its total value.
Despite the enormous rise in the sharing ecosystem, there are still major barriers like lack of trust, fear of monopolies, and expensive fee from middlemen.
However, to enhance the sharing economy system WONO was born to help proffer solutions by creating a decentralized peer-to-peer platform for exchanging property and services through Ethereum blockchain technology.
DISTINCTIVENESS OF WONO
· WONO aims to create a well-structured market and redistribute income from middlemen directly to service providers, asset owners and community members.
· WONO aims to create a platform where deals done are transparent, and having access to information for different transactions while generating trust among market players.
· WONO aims to eliminate cryptocurrency exchange fee and international transaction costs, while also reducing travel and business trip expenses.
· WONO aims to build a bridge between the virtual world of cryptocurrencies and the real world, allowing users to go freelance and employ freelancers, rent or hire out cars and real estate, exchange theater subscriptions or gym membership.
· WONO is revolutionizing deal format by introducing new blockchain deal formats including deal chains and deals with trusted payments.
· WONO also aims to strengthen the role of the community in system regulation using crowd deal insurance and crowd deal arbitrage.
WONO focuses on the following:
· Transportation Sharing: Users will be able to hire or rent out a vehicle for any duration through leveraging the Turo/Getaround Model.
· Space Sharing: WONO combines Peer-to-peer rentals (e.g., Airbnb) with the home-swapping concept.
· Miscellaneous assets sharing: Users will be able to hire and rent out any assets in their possession (e.g., gym memberships, gadgets, instruments);
· Services sharing: Wono combines the Freelancer/Upwork model for remote jobs and TaskRabbit for micro jobs.
WONO CLIENT
The WONO CLIENT is a web application which also adapted for mobile devices designed to work with MONO API and also provide access keys to the WONO PROTOCOL (read/write mode). It is Mobile friendly and it also doesn’t need any additional software to be installed
WONO TOKEN
WONO Token is a utility token based on the ERC-2O Ethereum blockchain having a maximum supply of 79,166.167 The token will be used to facilitate transactions among individuals in the WONO ecosystem. The token can be used for paying platform fees, paying for Asset rent or services, Crowd deal insurance and Crowd deal arbitration.
TOKEN SALES DETAILS:
Name Wono token
Type: Utility
Type: ERC20
Symbol: WONO
Total supply: 79, 166,667W
ICO Price: $0.5
Amount of token for sale: 47,500,000
Soft cap: $ 5,000,000
Hard cap: $ 20, 000,000
Pre ICO : 11th August 2018
Main ICO date: 3rd September , 2018
THE WONO TEAM
For more information visit
Website: https://wono.io
White paper: Telegram https://wono.io/assets/content/en/wp.pdf
Twitter: https://twitter.com/wonoworld
Telegram: https://t.me/wonoworld
Bountyox username: nesbee
Eth wallet: 0xc75534DEd4fd4796aa215A96e8E89EC58DfCF78e
Disclaimer: this article was created in exchange for a potential token reward through bountyox
