“SHARE WHAT YOU HAVE, GET WHAT YOU WANT” i lifted this one liner literally from the White paper cover. Things can't get interesting than this.
Wono is like Airbnb, Uber and Freelancer wrapped into one neat package if you ask me.
The sharing economy has grown into a billion-dollar industry by riding a ripe market. Airbnb and Uber have thrived because the global recession taught people that saving money is the best way to survive also that they could earn extra money off their assets.
Advancements in technology have also made it easier for these models to scale faster globally and connect faster with other communities. But just because these brands have grown into monopolies doesn’t mean they are perfect, they all have some serious flaws for example high platform costs, lower transparency and being prone to hacks because of their centralized nature and unfair compensations especially with regards to one sided deal cancellations.
But let’s take it back, and say you’re planning a budget-friendly vacation, what would you do? Wait! Let me guess, if you are everyone else you’d avoid expensive hotels and opt for an Airbnb. You’d then have to book some space months prior, enduring the high commission fees and then once the time comes and you get to your destination you still have to worry about getting around (Uber) ugh! but what if I told you there’s an effortless way you can use to take care of all that in one single swoop while still saving an extra buck? Sounds great right?
Here’s Wono, a unique decentralized peer to peer platform running entirely on the Ethereum blockchain and an interplanetary file system and focused entirely on helping its users exchange property and services hassle free. Wono was designed for all the traditional sharing economy participants to allow users to earn tokens by renting out their space or leasing a service. One of Wono’s unique selling point is that it’s the only platform that allows users to exchange their assets or services directly with another user’s asset or service.
Wono was created to provide optimal conditions for individuals and corporates to rent out or hire tangible products and ‘invisible’ services while also filling the gaps big -centralized- brands have left behind. For example, companies like Airbnb and Uber have monopolized the sharing economy and choked out any possibility of innovations, what they say goes. These companies are also too costly for their users, some part thanks to multiple currencies and international payments but also because of company greed.
Wono utilizes a new concept to try and fill the gaps left behind by big brands, it’s called a deal lifecycle and it ties into their overall mission of giving their users a great user experience and fostering transparency and mutual trust.
The deal lifecycle involves the deal signing whereby the deal is drafted, finalized and signed by both the vendor and the customer. The entire deal value is stored within the platform.
Once complete, the deal is executed, during this period both parties determine a specific time the process should take place. Once agreed and only then can the vendor withdraw his payment. Just in case the deal needs to be terminated (deal termination) 50% of the customer security deposit is made available for withdrawal by the customer, the same goes for the vendor. This simple but fool proof method means both parties will not only leave satisfied, but it will also foster community building within the platform.
Wono utilizes different deal types.
The direct deal (similar to the ones offered by the big brands) is when a customer directly orders an asset or a service from a vendor.
Whereas a trusted deal is when a customer does not have enough tokens to rent an asset or order a service, in this case if the customer had worked as a vendor, Wono will chip in to fill in the payment gap left in the transaction because he/she lacked enough funds to proceed the customer only needs to pay the full security deposit for the deal.
Lastly the back to back deal occurs when users barter each other and exchange one asset for another. Which is still a new concept but a game changer in fact Wono has been described as a new pattern of economic peer to peer interactions based completely off decentralization, transparency and mutual trust.
Wono saves its users money in the long run
Thanks to WONO’ tokens, a proprietary utility token developed according to ERC20 standards and developed exclusively for the WONO ecosystem, users can save more. This is attributed to the fact that most countries still don’t consider crypto-tokens actual forms of currency, most consider them to merely be digital assets. This means they won’t require any taxes from transactions carried out using tokens. So, all WONO tokens paid or received on the platform aren’t subject to taxation. Ans since taxes can run extremely high especially within some European countries, there is a significant cost saving advantage.
Also because of the decentralized nature of Wono and the implementation of smart contracts. Wono platform is always safe and transparent for all parties and does not need to pay any expensive commissions to middlemen. Bypassing middlemen saves the end user a lot of money in the long run.
Details on the ongoing Crowdsale.
Wono is looking for a minimum of $7,000,000 to launch the platform. But because a strategic marketing campaign will allow the Wono to grow faster the company will look to raise more cash during their ICO – $10,000,000 for a moderate cap, $15,000,000 for an average cap and $20,000,000 as the HardCap.
The funds will be spread between Engineering & product development, marketing, business development, legal affairs and within the community.
The WONO ICO will be carried out in two stages: The Pre-Sale and the ICO, with the total number of WONO tokens to be distributed currently at 47,500,000. All bonuses that exceed 15% will be paid in intervals. Meaning initial customers will get 15% immediately and then two months after the token transfer. Another 15% of the investment volume will be paid out. This measure is taken to prevent token rate manipulations as well as protect interests of the initial customers.
All unsold tokens will be burnt but the burning depends on the funds raised as the allocation scheme changes.
20% (total allocated Tokens) for Team and platform owners will be emitted as follows;
-Owners: 10%
- Developers: 4%
- Marketing: 3%
- BDM: 3%
In this plan, they receive 3% immediately post ICO and after that the rest will be released in 3 yrs vesting plan with a year Cliff. this shows commitment to the team and owners in this product.
Funds Allocation;
Therse 4 senarios shows the planned utilization of the funds raised by Wono based on the amount they are able to achieve during this ongoing Token sale. Wono has projections of how things will look even if only the soft cap was realized in the sale of the tokens.
This enables the investors to see exactly how the funds will be spent in the project throughout the project development in different scenarios
Unique Marketing Strategies to be employed by Wono.
Bounty marketing have proved very viable for many Initial token/Coin Offerings. This has turned various bounties as the norm for any team to market. That is not the only thing that WONO has got up the sleeves. This team plan to fully engage the early investors in to the future marketing and growth.
Usually it is the prayer of every customer that the the project they invest in to grows so that their investment value can also appreciate in turn. With Wono, they recognize that as the assets will proportionally increase to the increase of the Users in their platform. This will in-turn see the growth of token price from the ICO upwards. This is one reason why the Wono early investors will be the first marketing team for this platform by word of mouth.
There will as well be a referral program that will also be accompanied with a crystal clear reward system and a good system of doing security checks for all the referrals to guarantee security and avoid fraudsters attack in the marketplace.
Lastly, with the community of developers that are expected to develop their DAPPs on Wono API will relatively be very critical source of their user base in the system.
Use the links below to learn and participate more with Wono:
the decentralized P2P platform of the future:
Website
Telegram
WhitePaper
F.A.Q
Team
Air Drop
Product
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