WONO (WONO) Is The Best ICO Review

mehedi220 (27)in #steemit • 6 years ago

WONO Introduction

The WONO component environment lets any DAPP developer implement his own business ideas using the WONO platform’s capabilities. Its environment consists of the following three main components WONO Protocol, Wono API, and Wono Client. All entities of the WONO Protocol mentioned below are stored in the Ethereum network, and their properties are public, excluding information that the User marks as confidential. Once the User withdraws his or her first Vendor’s token transaction (rental fee, job payment, insurance, or arbitrage bonus), the platform compensates him or her for all expenses on the last entity publication transaction, providing a “gas back”. The User can perform different roles at a time but cannot become an Arbitrator of his or her own Deal. Anonymous deals on WONO are prohibited in order to not attract criminals to the platform. While registering a profile, if a User passes a KYC-control, the information that is crucial to the User is encrypted after the platform scoring unit approves.

WONO Future
WONO aims to solve the problems that these companies have by implementing blockchain technology. WONO works with very small commission (1-5%) and those who use the tokens will not pay taxes due to the fact that the tokens are non-taxable digital assets. The platform has adopted smart contracts that allow users to be sure that their deal will be completed and that they will be compensated in case of cancellation. Crowd insurance and crowd arbitrage systems provide compensation if the deal is cancelled. Additionally, due to the fact that there are no banks or financial institutions involved, WONO transactions do not have exchange rates, users receive WONO tokens for their work or service they provide.
WONO combines functions of Airbnb, Turo, Upwork and TaskRabbit on blockchain, solving major offchain problems: high commissions, non-transparent ratings and reviews, currency exchange loss and risk of fraud and deal cancellation. WONO users can act in 4 different roles at the same time: vendor (rent smth out or perform jobs), customer (rent smth or post a job), guarantor (stake for successful deal termination) and arbitrator (determine affected party in disputes). WONO users can earn and spend tokens on one platform which lets them never withdraw tokens and legally avoid any kind of taxation or exchange loss.

WONO Environment
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.

Functions

• Reliability
The blockchain based usually platform indicates, offerings at the platform are dependable. Users can percentage, rent, and earn.
• Change
The platform users will both exchange services directly or they will use tokens.
• Tax-free
By means of being blockchain primarily based in general and globally proper, the need for tax and spending on foreign money conversion is avoided.
• Transparency
Score, rating, and critiques are fully clear, consequently offers are frequently insured and profits product of them.

Verdict

The sharing economy market is only going to keep growing in the future. Airbnb and Uber are the current icons. The problem with them is the bigger they get, the more they can make rules and raise fees. Airbnb is able to charge around 3% to landlords and up to 20% for tenants. WONO has a solid idea for putting Craigslist, Uber and Airbnb on the blockchain and using Ethereum smart contracts to organize everything. It won’t be easy to compete with the big dogs though. It will require lots of marketing, and a great team to put together such a project.

Rounding up with a look at their token mechanics.

The ICO fundraising will be selling 60% of their total tokens. That’s quite a big proportion, usually it is only 30-40% that is sold. The significance of such a large percentage in this case actually means a lower marketcap when they are launched. For example, the hard cap (so maximum amount to be raised) of the fundraising is $20 million. If the tokens sold was only 30%, then the estimated marketcap when they hit the exchanges would be over $60million. However, because the $20 million hardcap is 60% of their total, even if they reach hard cap, their initial marketcap when they hit the exchanges would only be $36 million. That’s very small marketcap for a multi-billion dollar industry. Which means there’s a lot of room to grow. In addition because it’s already 60% of total supply release, there isn’t any plan to release more tokens or further dilute the circulating supply anytime in the near future.

WONO Token Details

Pre-sale Time: 29 June 2018 - 29 July 2018
ICO Time: 30 July 2018 - 29 Aug 2018
Token: WONO
Platform: Ethereum
ICO Price: 1 WONO = 0.5 USD
Accepting: ETH
Soft cap: 7,000,000 USD
Hard cap: 20,000,000 USD
Available for sale: 47,500,000 WONO (60%