About ONe
Blockchain-based technologies and cryptocurrencies have the ability to revolutionize the way people interact on social media, making the entire process more secure through self-governance and individual ownership of data.
Social media is a hallmark of today’s world, generating hundreds of billions of interactions each day. However, most channels where these occur are owned by companies and outside interests, which harvest them for information and often retain all rights to use media developed and posted. Despite involving aspects of our public and private lives, there is little clarity over what is truly public and confidential data in today’s social channels.
Statement of Problems and Interest
Social media is a hallmark of today’s world, generating hundreds of billions of interactions each day. However, most
channels where these occur are owned by companies and outside interests, which harvest them for information
and often retain all rights to use media developed and posted. Despite involving aspects of our public and private
lives, there is little clarity over what is truly public and confidential data in today’s social channels.
At the same time, a growing interest in the financial and logistics sectors has pushed blockchain and cryptocurrency
technologies to buzzworthy status, without creating much knowledge or adoption from average Internet users. Bitcoin
has become a media darling with limited use cases and applications, while the Ethereum platform provides
greater capabilities and support but is relegated to understanding by those with a pre-existing interest in the
space.
There is no current standard privacy system or cryptocurrency used for regular interactions or the regular exchange
of value in the day-to-day lives of average citizens.
Blockchain has the potential to create both a decentralized, secure, and private social network with tokens supporting
trade in a safe way that maintains user control of their information. The interest of ONe is to use blockchain and
other associated technologies to develop a social network specifically designed to maintain core privacy with a reliable,
secure, and private Token as well.
We believe there is a “Netscape moment” emerging for blockchain, where it can be introduced to individuals in a
way that’s easy to digest and use. Social networks, one of the most dominant forms of Internet-based information
sharing and communication, is the most likely channel for blockchain to transition from enthusiast element to mainstay
for the average person.
To date, no decentralized platform or even cryptocurrency has become a mainstream brand, so centralized offerings
remain in places of market leadership and dominance. However, that has enormous potential for change in the
near-term.
ONe’s Vision for the Near-Future of Social on Blockchain
The next generation of social networking will not only live on smartphones more than any other device, but they
will focus the renewed call for privacy and data control occurring on many of today’s social networks. Instead of
centralized servers, data will live in decentralized systems to help ensure its safety from theft and corporate
misuse.
Tomorrow’s social networks will provide a service that treats users like customers, instead of the existing model
where users are the data-gathering mechanism that creates information sold to advertisers.
Our vision for ONe is a feature-rich platform designed to communicate with anyone anywhere in the world through
video, voice, text, and other unique ways, without having an outside or unseen force lurking and gathering data
from the input as well as user habits.
We will achieve our place in the future of the social network landscape by creating an end-to-end encryption protocol
that will cover all communications and interactions, combined with a variety of tools that remove messages after a certain time or allow for anonymity in the service. Decentralized data and upload management will allow us
to eliminate privacy threats.
ONe recognizes that such a framework and service will need a variety of funding options and revenue streams to
maintain long-term viability. Our goal is to combine a future marketplace for the sale of goods and services with a
native cryptocurrency, while also supporting established cryptocurrencies.
Our token, called Onebit (OBT), is an ERC20 compliant token that will serve as the mechanism for the exchange of
goods and services, rewarding content creators, purchasing premium content or subscriptions, donating to charities
or for crowdfunding on the platform, and many other types of value exchange, rewards and payment interactions.
Joining us during our Initial Token Offering, and in pre-ITO stages, will allow participants who contribute
early on to receive Onebit at a discounted rate and to be eligible for Onebit Token bonuses.
Ultimately, ONe has set an ambitious goal of becoming a premium social network designed to scale quickly through
the promotion of user privacy and control of their information, rewarding content creators for their value and creating
a marketplace for safe and private transactions.
It boils down to three main considerations:
ONe’s Vision
ONe Network is a tokenized, social media platform that will bring privacy and control of a user’s own content and
data. Our platform will allow for millions of users and content creators to reward, buy and exchange digital tokens
from directly within the platform without the use of centralized entities. ONe is powered by the Onebit token
(OBT) and being built on top of Blockchain Technology to secure freedom of expression for the Next Generation.
Allocation of Presale Funds will be used
to cover legal costs, fund the marketing
campaign, and administration and security
of Onebit Token Sale.
Use of Pre-Sale Funding
ONe will turn presale funding into a revenue source for the further development of our ecosystem (see our Roadmap)as
well as marketing for the Main Sale of our TGE. Our goal is to advertise to users, investors, and those interested
in cryptocurrencies through a variety of direct and content marketing arms, as well as social media.
Funds distribution breakdown is subject to vary based on technical needs identified by our development team as
well as the success of individual marketing efforts and channels
Main Token Sale Efforts
ONe will use the established TGE structure to support a variety of purchase options for Onebit, initially focused on
conversion from Ether, Bitcoin, Litecoin and PayPal (treated as fiat currency). Through an advanced wallet, we hope
to grow coinage and exchange options quickly during our presale stage to support more interest from consumers
and contributors.
Minimum Goal
$2.5M or 10,000,000 Onebit Tokens sold
One Network has strategically set a minimum goal to efficiently and securely develop Onebit Token and ONe
Networks Platform.
If our goal is not met, all investors will be refunded through our smart contract, minus any funds that were
liquidated for marketing and other expenses.
TGE Onebit Token (OBT)
Distribution
Vesting Distribution
A total of 20% of the Onebit supply will be reserved for the Founders, Development team and Advisors and will be
distributed with a 6 month cliff and a 24 month vesting period for Team members. During initial efforts, ONe will
work to distribute other tokens throughout the system to ensure a steady and stable economy that can grow with
the platform.
Smart Price Scaling
During the Presale and Main Sale, the first Onebit will be sold for the equivalent of $.20 and $.40 US respectively.
Each successive 10M tokens will increase in price by $.02 higher than the previously purchased 10M tokens. This
price structure will continue until hardcap is reached or until token sale ends
TGE Token Creation and Sale
Using a smart contract for the creation and distribution of Onebit Tokens (OBT) means that ONe will not end the
TGE with “unsold” tokens. All “unsold tokens” will be diverted to the reserve for ecosystem and platform health and
reliability and will only be minted once used in the platform.
There will not be excess tokens available once the TGE has finished. However, we have established a minimum
number of sales for viability and a hard cap on how many tokens may be sold in the TGE.
If the minimum goal is not met, we will provide a full refund for all TGE sales made by the blockchain smart contracts
used for initial sales. If this event occurs, presale funding will be returned to contributors, minus pre-determined
expenses for marketing, development and all other TGE related costs.
Projected Funds Allocation
All funds raised from the TGE will be used to improve the system directly, such as development and security verification,
or indirectly through means such as marketing, hiring outside counsel, administrative and consulting services
and infrastructure improvements.
While needs may adapt during use, the initial funding
allocation breakdown is as follows:
ERC20 Tokens
ERC20 is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens [1].
ERC stands for Ethereum Request for Comment, and 20 is the number that was assigned to this request.
ONe Network
ONe Network is powered by Onebit Token (OBT) and will be a premium social network that will include our wallet,
chat, GPS, posting, opt-in advertising, and a marketplace for exchange of value among content creators and users
alike.
Onebit Token (OBT)
An ERC20 compliant token that will power the ONe Network and its ecosystem and marketplace. It will be used to
reward content creators and users alike as well. OBT will be used within the platform to exchange value between
users for digital content, subscriptions etc.. It will allow users to tip, transfer via chat and other means, tokens to
use within the marketplace and opt-in advertising areas of the platform.
Note: Onebit tokens will be for exchange of value, payment, rewards and tipping only. OBT will not be a
revenue sharing token or have any other function that falls under any security regulations. The ONebit token is
used as a payment token, and will require (a) a full KYC check as required by applicable AML laws with every
single token purchaser during our TGE and (b) the company will join a self-regulatory organization.
ONe Wallet
Will hold Onebit Tokens and give balances, transactions, etc., on OBT and other cryptos as we look to make it
a multi-wallet in the near future with ONe approved cryptos.
Note: ONe will not have access to users tokens but will have the ability to lock wallets in instances of fraudulent
or criminal activity as laid out in T&C.
Marketplace
An area in which all exchange of value can take place using Onebit Tokens. Goods and services as well as other purchases
can take place within the marketplace.
Opt-In Advertising
Staked Onebit Tokens
Staked OBT will remain within the ONe ecosystem. Token rewards will be staked for a specific amount of time.
Users will also be rewarded for staking a percentage of their own OBT. They can be used within the platform but
cannot be sent to exchanges.
Unstaked Onebit Tokens
These Onebit Tokens can be moved in and out of the platform. They can be held in users private wallet. All purchased
tokens will be unstaked and can be staked only if user chooses to do so.
Note: Marketplace will not be used for exchange of cryptocurrencies or securities.
An opt-in ad platform within ONe that will allow users to voluntarily view and participate in advertising campaigns
with the flick of a switch and be paid/rewarded in Onebit Tokens (OBT).
Roadmap:
ONe has a broad set of goals and supported capabilities in development for our Onebit Token and the overall ONe
Network service. In 2018 and 2019, we will focus primarily on launch and expansion of our core functionalities and
protection paradigms relating to user data and privacy.
For more information;
Website | Whitepaper | Twitter | Facebook | Reddit | LinkedIn | Telegram
Author By:
Bitcointalk username; doktor1897
Bitcointalk profile; https://bitcointalk.org/index.php?action=profile;u=841906
Eth: 0x9119E1338782C7B9D6Dfe2F579FddC6153FE8397