ONO: The first dapp on EOS blockchain

Hello steemians,
Today I will be making a quick review about a decentralised social networking platform which is said to be the first social network dapp to be launched on the EOS blockchain which hails all the way from china by KE XU[founder of crypto dogs and CEO and founder of ONO]

Credit

WHAT IS ONO

ONO is a social media dapp on EOS that focuses on the creation and due compensation of contents based on value,interaction and attention through various mechanisms.ONO is going to be launched and incorporated on the EOS blockchain.

Here is a brief explanation of what EOS implies!

The EOS blockchain is a software with vast space and capability to host and run real life dapps [decentralized applications] e.g ono,carmel

WHY ONO

EQUAL MONETIZATION POTENTIAL FOR EVERYONE

Now here is what really caught my eye about ONO,the trending and hot searches pages are not filled with post with just only high number and value of likes but rather by the level of interaction with the post which includes reading,reposting and commenting activity with the post.

This way,quality posts can appear in trending pages through natural interaction due to its quality and recorded accordingly,all activities on the ONO platform are automatically recorded and put into use by the system.

SAFETY OF USERS INFORMATION

With ONO,your data is safe through an encrypted system and even ONO team cant access such information,the system uses an end to end encryption which allows only the sender and receiver to see data and

ONO PARTNER MECHANISM

To create sensible order in a decentralised social network,ONO applies a partner mechanism which goes up all the way up from tune partner to super partner!

All partners have a role to play for meaningful coexistence and various incentives are attached to each group of patners,in short,super partners are elected by other members to maintain and sustain fair order based on kindness on the platform,however they can be de elected at any time by the community if they proove to act otherwise.

More details here according to the whitepaper

Super Partners are the loyal guardians of ONO’s values and are the core
Members, liable for the standard of the social atmosphere. Not solely that, the
Super Partners are needed to teach new users concerning ono and its values,
and conjointly assist in developing additional community partners and volunteers.

The mission of the Super Partners is to maintain the safety, freedom and
decentralization of the ono social network, extract harmful content, prevent
abusive behavior from spreading, and transmit ono values to others. This will
be the core mechanism for the ono social network to flourish.

Super Partners ought to be: loyal, kind, self-aware, humble, dedicated to a long-
term vision and committed to serving all of humanity.

UNLIMITED FREEDOM AND MAXIMUM EXPOSURE

There is no limit to a users activities on the ONO platform,users can share contents as they wish and can get exposure based on how the audience views their quality content.

ONO AS A MARKETPLACE AND BUSINESS PLATFORM

ONO will also invite programmers and developers to act as third party agents to build mini dapps,utility applications and games on the ONO platform through ONO store[my box] for users and monetise it by setting price tags for their virtual products

Items on ONO store can only be purchased with the use of ONOT,this will drive constant demand and adequate circulation of ONOT which will hive it a major use case.check page 17 of whitepaper for more details.

ONO POWER

Onot can be locked by strategic investors for a minimum period of 13 weeks which will give them executive preferences such as higher influence on the platform as well as interest based on the number of onot which they hold.

By doing so,the supply of onot is reduced which will facilitate economic growth and price appreciation of ONOT,holders should note that ONOT locked are not transferrable on any circumstances...for more information,review page 58 and 59 of the ONO whitepaper.

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CORE ASPECTS OF ONO SOCIAL NETWORK

ONO has various core values in which its establishment relies on,they are the major mechanisms on which the ONO platform utilizes for its operations.

CONTENT ECOSYSTEM

This allows users to share quality content and such contents are ranked through the ONO assessment system which will determine the value of such content and reputation of users,there are 3 mechanisms under the content ecosystem that defines it,they are:

• 1 Reputation mechanism
• 2 Distribution mechanism and
• 3 Incentives mechanism

here is how the reputation mechanism works on ONO social platform!

In the content system, if the content released by a particular user is liked,
reposted, commented on and shared, the reputation of the user will go up; if
not, the reputation of the user will go down. The reputation fluctuates
according to the quality of content released by the users. The content released
by users with high reputations will be first put into the recommended zone.
When the reputation of a user falls dramatically, all content released by this
user will be collapsed and other people will not be able to see the content.

ONOwhitepaper

DISTRIBUTION MECHANISM

This basically has to do with the advanced feature of ONO to record all activities performed by users on its users such as reading,reposting and general interaction with the post.

In other words,the ono distribution mechanism ensures that posts are ranked and distributed on the platform not by the monetary value attached to it but rather the level of valuable interaction and attention the post attains and hence might be displayed on the trending pages!

INCENTIVE MECHANISM

This simply touches the area of patnership with third party programmers to strategically improvise and launch mini businesses on the platform e.g games and utility applications etc

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CONSENSUS ECOSYSTEM

This entails that al users on the ONO platform are liable to equally contribute to the ecosystem infrastructure, platform management and dispute resolution matters through ONO proposal and voting model.refer to page 16 of the whitepaper for more information

DEVELOPER ECOSYSTEM

ONO is not just a social network, its also an online marketplace for virtual goods and services,third party developers can build various dapps such as utility applications to enhance performance or games to relax and enjoy the platform even more.

These virtual goods and services will be available for use only on the ONO store [my box] and only ONOT will be acceptable as a form of payment for such services

CONCLUSION
I was not in any way compensated by anyone to write about the ONO social network platform,these are just mostly my thoughts about ono which I believe is worthy of sharing due to the potential I believe ONO posseses

Remember not to invest or engage in any setup or platform without due research and after you must have made up your mind without influence from any external party