As we have announced earlier, WONO quits using Ethereum blockchain and aims to build our own, which will use the same logic as Ethereum but will be isolated from the cryptomarket. Thus, WONO platform will have 2 currencies, WONO coin and WONO token. What’s the difference?
WONO coin
Since our blockchain will be isolated, we’ll be able to set a stable price of $0.5. It won’t go up and down depending on trading activities, which is really convenient for the users who have come to the platform to exchange assets, not to trade. You don’t care how much coins people buy and sell on exchanges - you get a predictable coin’s price.
One of the reasons we decided to choose private blockchain is the crisis which shocked cryptomarket in July and still lasts. Many investors lost their money and we don’t want our clients to suffer from such crises.
WONO coin will be sold for fiat currencies directly at the platform. It will be used for all kinds of operations: rentals, freelancer hiring, commission, crowd arbitrage and crowd insurance. Also, if someone has earned WONO coins, he or she will be able to easily withdraw them and exchange to fiat.
WONO token
The token will have significantly less functions. The only way to earn them is to perform activities on the platform: register, list an asset, sign a deal… We as the platform administrators will use tokens as bonuses.
The only way to spend tokens is to pay for a deal with another user. Recipient won’t be able to withdraw tokens (as they aren’t supported by fiat) but he or she can re-use it paying for another deal. In this way we’ll incentivize further activity at the website.
Of course, a vendor can refuse to receive tokens and accept coins only - that’s the sacred right. Though, such an opportunity will always be available.
