WONO is a Peer-to-Peer marketplace based on a blockchain where vendors can rent a property or perform jobs as a freelancer and customer rent a property or post jobs. By doing this they want to remove some problems that existing Peer-to-Peer marketplaces currently have.
The sharing economy is a peer-to-peer based sharing of access to goods and services. This can be goods that are privately owned and then shared or rented out via peer-to-peer marketplaces. One of the most popular marketplace is Uber, which is a ridesharing platform where car owners can offer rides to users. The Sharing Economy relies on the will of the users to share, but in order to make an exchange, users have to be trustworthy and trust each other. Sharing economy organizations say they are committed to building and validating trusted relationships between members of their community, including producers, suppliers, customers or participants. For the users the benefits are that they don’t need to own goods that they are using and that the costs of borrowing items for users is lower. This is an extremely growing sector and it was 15 billion dollar worth in 2014. By 2025 it is estimated that the sharing economy has a value of 335 billion dollars.
Today these platforms are far from perfect, they have high middle-man costs, they suffer from the lack of trust and there is a fear of monopolies that some players get too big.
WONO wants to remove these problems by offering a P2P platform with based on decentralization, transparency, mutual trust, reputation, and collective decision-making by members of the community. They want to offer a fully transparent asset rating system and community member reputations. WONO focuses on the space sparing (e.g. Airbnb), on the transportation sharing, miscellaneous asset sharing and on service sharing.
WONO wants to give access to hire or rent assets and to offer and perform services based on Ethereum blockchain and the Interplanetary File System (IPFS). WONO wants to let DAPP developers to create their own business ideas using the WONO platform. To be able to offer this service the WONO platform consists of three main components: the WONO protocol which are a set of decentralized apps implementing the WONO business model, then the WONO API which is a DAPP caching service and WONO CLIENT which is the official client Web application of this platform.
The WONO platform has different roles:
- The customers are paying for asset hire or service
- The vendor provides assets rental or performs tasks
- The Guarantor confirms that the Deal will be successfully terminated without any problems, staking his or her tokens
- The Arbitrator defines which party to the Deal should be fined and which one gets a compensation at the expense of the Deal’s guarantee deposits
The WONO token is a utility token based on the ERC20 token standard and it is used on the platform for all transactions among the participants. The maximum token supply is at 79,166,667 tokens, if the $20,000,000 Hard Cap will be reached. 60% of all token will be available during the token sale. If the Hard Cap will not be reached, then the remaining tokens will be burnt. WONO has estimated that 5,000,000 will be enough to launch the platform and start the project.
To learn more about WONO you can visit their website https://wono.io/ or read their whitepaper https://wono.io/assets/i18n/en/wp.pdf