Technology has advanced over the years with different products and currently the newest of its products that have captured in the minds of several people is the blockchain technology.
The blockchain technology is the backbone of all cryptocurrencies. It is upon this knowledge that all digital currencies have been developed. The blockchain technology has certain features that make it become appreciated by organizations and online platforms. Transparency and security are the hallmark of this great invention by Satoshi Nakomoto. It is with this features that makes it very secured and comfortable to work with. The blockchain ledger system makes it very reliable and safe platform to keep records of transactions and other investments.
In this world of economic hardship, many people have identified ways and means of securing an avenue for rents and making transaction very easier and convenient. This is due to the fact that they have confidential details that need to be kept safe but it is rather unfortunate that these days, data storage has been a challenging factor faced by human.
WONO acquaints the environment properties which can be hired or rented irrespective of the location and also takes up certain activities and renders services accustomed on the ethereum blockchain and Interplanetary File System. This WONO project is purposefully to make arrangement of required conditions for easy and convenient exchanges among users with decreased transaction costs, irrespective of the setting or location.
WHAT WONO PROJECT AIMS TO ACCOMPLISH
WONO platform is aimed to come up with a well-organized market to ensure the distribution of income from middlemen directly to service providers, asset owners and members from the community.
The WONO platform also aims to ensure transparency in transactions and means to access information for every transaction and thus helps to inculcate trust within the market players.
There has been a trending issue with taxation of tokens on most exchange platforms and WONO project seeks to address these problems in the sharing economy.
BENEFITS OF WONO PROJECTS
WONO is somehow a stepping stone between the cryptocurency market and this global world. It permits consumers to make rentals and hirings of the physical assets using cryptocurrencies. There is one particular aspect I like about WONO project, all the token you will receive will not be taxed unless you convert all into fiat currency and this is mainly restricted to the WONO platform. This is as a result of tokens being modified as digital assets in some countries. This initiative by WONO project differs them form the traditional sharing services. In traditional sharing services, owners are obliged to pay due taxes.
Most existing blockchain-based sharing services are mainly focused on some specific market segment and this demands users to forcefully change their tokens to fiat or other exchange tokens. WONO projects stands to curtail these grievances and remains different from those platforms.
As traditional service sharing continues, every token accumulated by either performing tasks or any means you can think of can be spent on the platform without restrictions. Users have the free will to exchange assets among themselves.
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Author: Rastafarian
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