The internet has created what is often termed as a global village; a global village essentially describes the entire world brought that has been brought together by digital communication. With the internet as the engine to the world’s digital devices, location, distance and time are no longer an issue.
With each passing day, the world gets to witness numerous ingenious inventions and innovations. Each innovation undoubtedly defies physical limitations to offer an improvement on the current situation. That said, the digital world recently welcomed a global phenomenon that has changed global operations as we known it. Enter blockchain.
Of course, blockchain technology’s original about the development of cryptocurrencies such as Bitcoin. Also referred to as the Internet of value, blockchain has created a safe environment for transfer and distribution of money online. Hence, it takes out the need for financial institutions such as banks, as well as authority organizations.
Undoubtedly, blockchain has opened a whirlwind of opportunities which have long extended beyond currencies. It has not just made money transactions easier and safer, it has also made the global village even better connected and better able to interact, and exchange. For the purposes of this article, we shall be looking at the WONO project and what their solution means for our digitally connected global village.
Introducing WONO
WONO is essentially a peer to peer blockchain based platform that allows an easy exchange of services and products worldwide. Additionally, it serves as a decentralized system utilising the implementation of the Interplanetary FIle System and the Ethereum blockchain.
By using ERC20 Ethereum based WONO tokens, users can purchase services, hire real estate properties, cars, various subscriptions and so forth. Users of the platform can also rent our services and products as well. Hence, WONO creates a secure peer to peer freelancing ecosystem for buyers and sellers. This way, WONO users do not have to rely on an intermediary allowing you to earn a full income from their services and products.
Since it is based on a decentralized system, people can transact in a transparent and safe environment in an accountable manner, and can do so worldwide. WONO is therefore offering an effective solution to centralized freelancing/ hiring options, which have their inherent issues.
Sale Information
Token - WONO
Price- 1 WONO = 0.5 USD
Platform- Ethereum
Accepting - ETH
Soft cap- 7,000,000 USD
Hard cap- 20,000,000 USD
Country- Malta
Whitelist/KYC- YES (Both)
Current Industry Problems
The sharing economy allows people to share and exchange certain services and products at a certain cost. This economy includes and involves the exchange of goods, accommodation, transportation, digital entertainment and so forth.
According to a study done by the PwC, only 44% of the American consumer population are aware of the sharing economy. Moreover, only 9% of the US consumer population are providers in the sharing economy. Regardless of the statistics, a sharing economy allows for the use of physical possessions efficiently. Moreover, it takes out the need for energy and accumulation of materials in an already cluttered economy; participants can either monetise their currently unused possessions by renting them out when not required, or hire a possession for a certain amount of time at a hugely reduced rate to buying that item just to use for an occasion. Truly a win win for everyone! In this way.
However, this economy does have its disadvantages. It does not operate on a decentralized system, increasing its susceptibility to privacy violations and misuse of products and services.
Such an economy operates on an unstable system threatened by middlemen that charge often extortionately high fees, monopolies and mistrust. Recent research confirms that 69% of the American population shy away from the sharing economy due to the above-mentioned reasons. Therefore, a solution is clearly needed to open up this incredibly beneficial sharing economy more widely. Enter WONO.
WONO’s Solution: Decentralised, User-Empowering Freelancing & Rental Platform
WONO was created to solve the problems that are evidently present in the sharing economy, by offering an ecosystem that allows people from around the world to hire, rent, order, perform products and services through their unique platform.
Through the implementation of the Ethereum blockchain and the Interplanetary File System (IPFS), the system is able to operate on a decentralized system. Hence, allowing for secure and reliable transactions and exchanges. This helps solve the problem of violations, property misuse and foster trust in the community.
To ensure that individuals meet their requirements, the WONO platform implements the use of smart contracts.
Additionally, WONO’s tokens are not liable to any form of taxation. This is because WONO tokens do not need to be converted to fiat money. By using WONO, you can start earning tokens by simply renting out your property to their users.
Additionally, you can also exchange your earned (or purchased) WONO tokens for somebody else's services or products. This allows users to save on costs considerably. For instance, you can earn a salary through WONO without it having to be subjected to taxation. Something to note, that these token are not only used as a means for transactions, but also for arbitration and insurance.
Below is a summary of the problems WONO aims to solve:
• Taxation
• Violations
• Deal cancellations
• High fees and commissions
• Exchange losses
Users can play four different roles once they sign up to the system. A user can operate as the vendor/seller, the customer/buyer, guarantor and the arbitrator. Essentially, this platform aims to connect the real world to the world of cryptocurrency.
Team
Key personnel
• Alexander Esaulov- CEO, founder
• Andrey Chepelev- COO
• German Solodov- CMO
The Team
• Kirill Pyrev -Investor Relations
• Timofey Esaulov -Business Development Manager
• Artem Nikonov -Fullstack Developer
• Arthur Lavrishev -Full Stack Software Developer
• Anton Guljakin- UI/Ux Designer
• Maria Polzik- Project Manager
• Julia Larionova -SMM Manager, Email Marketing Specialist
• Alexey Knizhnikov- Community Manager
Advisors
• Ian Scarffe Blockchain -Marketing and General Advisory
• Christopher Ciko- Legislation
• Lev Lemkov- Project Management
• Alexander Frolov- Blockchain Software Architect
• Benedict O'leary- Accommodation and Travelling
Conclusion
The WONO platform aims to make freelancing, or renting and hiring services and physical assets, an easier and more fulfilling experience. By connecting people all over the world, a user will be able to flexibly earn a salary free from high taxation and commission. WONO’s use of blockchain technology gives more power to the users in a truly game changing decentralized vision!
Website: https://wono.io/
Whitepaper: https://wono.io/assets/i18n/en/wp.pdf
Disclaimer: this is not financial advice, just my personal opinion and findings based upon research.