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RE: Should ONO sign up to replace Facebook? Open Book Challenge Competition
I thought that China was actively against cryptocurrencies, banning exchanges and ICOs and whatnot.
I thought that China was actively against cryptocurrencies, banning exchanges and ICOs and whatnot.
ONO has no ICO. It is building a social network, and letting the social cultivators create value before it's opened up to the general public. Crypto speculators also will not be the main drivers of the ONO ecosystem. This is done to ensure that the value can be created by the people who build out the social ecosystem, before anything else occurs, like speculators gaining control of the coin.
I realize, what is more important is whether or not crypto is against China. China in my opinion wants to protect China and it's going to be difficult for crypto to exist in China in a manner which isn't deemed threatening by China. The same dynamic exists in all countries.