Problem:
In today’s world social media plays crucial role in everyone lives by generating hundreds of billions of interactions each day, most of the social media channels are owned by companies which can gather the user information. One of major drawback of the social media are threatening, intimidating or abusive messages.
There is no standard privacy system in the current social media world
Solution:
ONe network is aiming to provide privacy of social media on the blockchain platform, instead of centralized servers data will store in decentralized systems to ensure safety from threat and misuse of data.
It is a social network platform that serve as a meeting place for people, content creators, businesses, brands, and groups to meet and interact without risk of information loss or sharing. Its follows end to end encryption that covers all communications and interactions
Functions of ONe network
Major functions of ONe network are
Privacy:
Privacy is the core functionality of ONe network, its goal is to provide best social experience by keeping privacy at first place. It allows users to restrict any information making what they want to visible for the public. It allows only approved advertisements that are agree to zero tolerance policy.
Opt-In Advertising:
It is the easiest way for the advertisers and user to get the benefit, advertisers will pay users (who views their content) via Onebit Tokens. Users will get certain proportion of tokens depending on the engagement
Market place:
It combines social media features with ecommerce functionality. Its market place allows public and private users to sell their goods and services with quality friends and users in the platform, it will track and process the user transactions
Public and Private Channels:
It has two distinct categories
Public:
In this user can view and post in the Public Feed/Channel and they participate in a public or private individual or group chat
Private:
In this user can enter the private channel/feed where only approved followers and friends can see their posts and communicate with the user, it allows only a select group of people or friends as well as content creators to view private discussions and content.
ONe wallet:
ONe wallet is used for hold, store, and support transactions for Ethereum ERC20 standardized tokens. It supports multi-wallet functionality and to be used within its marketplace, chat, gps, as well as to connect to other outside networks.
ONe network is also used in different user groups and businesses like Vendors and Sellers, Content Creators, Media Companies, Freelancers.
Onebit Token (OBT):
This token is used to buy or sell goods and services in the ecosystem and used to reward content creators and users alike as well. This token can also be exchanged between the users inside the platform.
Team:
John hoelzer-Founder/CEO
A BS form the University of Texas in Biology. Creator and Founder of OsO Network. Creator of ONe Network and a privacy advocate in the world of online engagement. A crypto enthusiast that believes the world is during the greatest change in history.
Akio Yamadera- Software Engineer
A KIT graduate, UI/UX Front-end Engineer, Back-end Developer, and Computer Operations. Accomplished competition programmer. Believes most of the world’s problems can be solved by its Technology.
Alex Aspra- Smart Contract/Blockchain Developer
A BS from the Baltic Institute of Economics and Finance-Commerce, Banking, Corporate Finance and Securities Law. With over 18 years’ experience in development and 8 years in Blockchain/Ethereum development.
Token matrix:
Token- OneBit
Platform Ethereum
Accepting ETH, BTC, BCH, Fiat
Soft Cap: $ 2,000,000(10,000,000 OBT)
Total Hard Cap - $37,600,000
Price: 1 ETH = (calculator will base on $0.40 cents US for 1 Onebit)
Pre - Sale: 26 June to 12 July
Main Token Sale: 31 July to 12 September
Verdict:
Pros:
• Overall idea of the project is good, it is focussing on the privacy of social media which is the major concern in current social media world
• Team looks good core members has prior experience in IT filed.
• Advisory team has mix people from different industries (blockchain, service, banking) with 20+ years of experience
• ONe application is available in iOS
• Website and white paper has clear explanation about the project
Cons:
• Since idea is similar to many projects, competition is high
• Poor explanation of roadmap
• No partnerships
• Social media hype is low
Links:
Website: https://www.onesocialnetwork.io/
Whitepaper: https://www.onesocialnetwork.io/wp-content/uploads/2018/05/wp.pdf
Telegram: https://t.me/one_network
Twitter: https://twitter.com/ONeSocial_Net
Bitcoin talk Username: anushkamehta0902
Bitcoin talk profile link: https://bitcointalk.org/index.php?action=profile;u=2039767
ETH address: 0xd1c62C22C078A0C6B1E42F7200F0b082EE81a64a