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WONO (WONO) ICO Review

raghav007(0)

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#blockchain

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Overview :

WONO is a decentralized P2P (peer-to-peer) platform for exchanging property and services. Thanks to the Ethereum blockchain and the Interplanetary FIle System (IPFS), the platform and community are decentralized, which allows users to interact without needing an intermediary.

We are building a scalable platform that achieves 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.
Solves the problem of taxation in sharing economy thanks to the use of WONO1 tokens.
Introduces new blockchain deal formats, including deal chains and deals with trusted payments.
Strengthens the role of the community in system regulation using crowd deal insurance and crowd deal arbitrage.

WONO Product Review :

The WONO project seeks to build their own crypto paradise upon the Ethereum blockchain. A Peer-to-Peer (P2P), purely crypto ecosystem certainly sounds enticing.

Ideally, you’ll earn a living as well as buy goods and services, all in crypto.

WONO aims to be the blockchain version of Airbnb, Turo, and Upwork, all wrapped up into a neat little package. Trade cars and homes, and work within the freelance gig economy, all by earning and spending WONO tokens.

Decentralization is at the heart of the WONO project. The team is focused on replacing the middleman with a much cheaper and more efficient version — the WONO token, built to ERC20 standards.

The WONO Platform :

The WONO component environment lets any DAPP developer implement his own business ideas using the WONO platform’s capabilities. 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. The WONO environment consists of the following three main components:

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.

WONO's Tokenization Model :

The project’s native WONO token is the gas that powers the entire ecosystem. Participants can use WONO to pay for platform fees, home and car rentals, plus professional services.

WONO tokens are also a means to pay for deal arbitration — should the need arise — as well as insurance.

Most transactions will occur seamlessly. No problems from either party. Yet any P2P system contains fraud to a certain degree.

Take eBay, for example. Order something and you’ll usually get it. But sometimes you don’t, and need to reach out to eBay. This is where WONO’s insurance program would kick in.