WONO — Find Worldwide Freelance Services
If you ask me, Wono is like a combination of Airbnb, Uber, and Freelancer. By capitalizing on a fertile market, the sharing economy has evolved into a billion-dollar business. Airbnb and Uber have prospered because the global crisis taught people that conserving money is the best way to live, as well as the possibility of earning extra money from their possessions. Technological advancements have also made it possible for these models to grow worldwide and interact with new communities more quickly. However, just because these brands have grown into monopolies does not mean they are perfect; they all have serious flaws such as high platform costs, lower transparency, and being vulnerable to hacks due to their centralized nature, as well as unfair compensation, particularly in the case of one-sided deal cancellations. But, suppose you’re on a tight budget and want to go on a vacation. What would you do? Wait! If you’re like everyone else, you’d eschew pricey hotels in favor of an Airbnb. You’d then have to book some place months in advance, enduring the expensive commission costs, and then while there, you’d still have to worry about getting around (Uber) yuck! But what if I told you there’s an easy method to take care of all of that in one fell swoop while still saving money? Isn’t it fantastic?
Wono is a one-of-a-kind decentralized peer-to-peer network that runs fully on the Ethereum blockchain and an interplanetary file system and is only dedicated to facilitating the exchange of property and services amongst its members. Wono was created for all conventional sharing economy players to earn tokens by renting out their space or leasing a service. Wono’s unique selling feature is that it is the only platform that allows users to swap their assets or services directly with the assets or services of another user. Wono was founded to enable ideal circumstances for people and corporations to rent or lease physical things and ‘invisible’ services, while also filling the gaps left by large centralized brands. Companies such as Airbnb and Uber, for example, have monopolized the sharing economy and suffocated any potential of innovation, according to their claims. These firms are also prohibitively expensive for their customers, owing in part to the usage of numerous currencies and foreign payments, but also to corporate avarice. Wono uses a unique idea called a deal lifecycle to try to address the holes left by major companies. It links into their main purpose of providing their consumers with a fantastic user experience while also encouraging transparency and mutual trust. Transaction signing is a stage in the deal lifecycle in which the deal is prepared, completed, and signed by both the vendor and the client. The platform stores the total deal value. When the agreement is finished, it is executed; at this time, both sides agree on a set time for the procedure to take place. The vendor may withdraw his payment only when it has been agreed upon. In the event that the contract must be discontinued (deal termination), the customer will be allowed to withdraw 50% of the customer security deposit, and the vendor will be able to do the same. This simple yet effective strategy ensures that not only will both parties be pleased, but it will also stimulate community development inside the platform.
Wono makes use of many transaction kinds. A direct deal (similar to those offered by major brands) occurs when a customer orders an asset or service directly from a vendor. Whereas a trusted deal occurs when a customer does not have enough tokens to rent an asset or order a service, Wono will chip in to fill in the payment gap left in the transaction because he/she lacked enough funds to proceed, and the customer only needs to pay the full security deposit for the deal.
Finally, a back to back transaction happens when individuals barter with one another and swap one item for another. Wono, which is still a new idea, has been defined as a new pattern of economic peer-to-peer interactions based entirely on decentralization, transparency, and mutual trust.
Users may save more money using WONO’ tokens, a proprietary utility token built in accordance with ERC20 standards and created solely for the WONO ecosystem. This is due to the fact that most nations still do not regard crypto-tokens to be true forms of currency; instead, they are essentially digital assets. This implies that no taxes will be levied on transactions involving tokens. As a result, all WONO tokens paid or received on the network are exempt from taxes. Ans, because taxes can be relatively expensive, particularly in some European nations, there is a huge cost savings benefit.
Because of Wono’s decentralized nature and the use of smart contracts. The Wono platform is always secure and transparent for all participants, and there is no need to pay excessive commissions to intermediaries. By avoiding middlemen, the end user saves a lot of money in the long run.
Information about the ongoing Crowdsale. Wono is seeking a minimum of $7,000,000 in order to establish the platform. However, because a targeted marketing effort will help Wono to develop more quickly, the firm will seek to generate more funds during their ICO — $10,000,000 for a mild cap, $15,000,000 for an average cap, and $20,000,000 as the HardCap. The monies will be divided among engineering and product development, marketing, company growth, legal issues, and community service. The WONO ICO will be conducted in two stages: the Pre-Sale and the ICO, with a total of 47,500,000 WONO tokens to be issued. All incentives in excess of 15% will be paid in installments. That is, the first 15 percent will be given to clients immediately, and the remaining 15 percent would be given two months after the token transfer. A further 15% of the investment volume will be paid out. This precaution is made to avoid token rate manipulation and to safeguard the interests of the early clients. All unsold tokens will be burned, although the amount of time depends on the amount of money generated as the allocation mechanism varies.
20% (of total allotted Tokens) will be released as follows for Team and platform owners;
- 4 percent for developers
- 3 percent for marketing
- 3 percent for BDM In this scheme, they will earn 3 percent immediately following the ICO, and the remainder will be distributed during a three-year vesting period with a one-year cap. This demonstrates the team’s and owners’ belief in the product.
Money Allocation; The following four scenarios depict the intended use of Wono’s funds raised as a result of the amount they are able to reach during this ongoing Token sale. Wono has projected how things will look even if only the soft cap is reached in the token sale. This allows investors to know exactly how the cash will be spent in the project throughout its development in various situations.
Wono will deploy novel marketing strategies. Bounty marketing has shown to be quite effective for several Initial Token/Coin Offerings. This has made multiple bounties the standard for every team looking to sell. That isn’t the only thing WONO has up his sleeve. This team intends to completely include the early investors in future marketing and growth. Typically, every client hopes that the project in which they invest will expand so that the value of their investment would increase in turn. Wono recognizes that as the number of users on their network grows, so will the value of their assets. As a result, the token price will rise as a result of the ICO. This is one of the reasons why the Wono early investors will be the platform’s first word-of-mouth marketing team. There will also be a referral program, which will be supported by a clear reward system and a good method of doing security checks on all recommendations to ensure security and deter fraudsters’ attacks in the marketplace.
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Bounty0x username: cryptoarindu
“A sponsored article written for a bounty reward.”