WONO is a P2P platform for rentals and freelancing. Thanks to Ethereum blockchain and the Interplanetary FIle System (IPFS), the platform and community are decentralized, which allows users to interact without a middlemen. WONO combines functions of Airbnb, Turo, Upwork and TaskRabbit on blockchain. WONO solves 5 major problems of P2P economy: high commissions, taxation of vendors, non-transparency of ratings and reviews, currency exchange loss and risk of fraud and deal cancellation. WONO users can act in 4 different roles at the same time: vendor (rent smth out or perform jobs), customer (rent smth or post a job), guarantor (stake for successful deal termination) and arbitrator (determine affected party in disputes). WONO users can earn and spend tokens on one platform which lets them never withdraw tokens and legally avoid any kind of taxation or exchange loss.

Overview & Vision

WONO occupies the massively popular peer-to-peer (P2P) economy, which essentially allows for the direct exchange between persons of any desired asset or service and provides a variety of benefits over similar B2C (business to consumer) alternatives such as cheaper rates. Current P2P solutions for reference include giants such as Airbnb in the home rentals market and Upwork in the freelancing space. The space is surely booming, yet it is far from perfect.

Current P2P solutions are not optimal by any means and suffer from various issues such as high fees, lack of trust and risk of fraud/cancellation. WONO’s solution is to tackle these problems of the P2P space by utilising the benefits of blockchain within their platform; inherent utility, security and smart contract features will bring about a more secure, efficient and community-empowering generation of P2P platform. WONO is shooting to be the solution, so what have they identified as target areas to improve and upgrade?

Current Problems

The current notable problems in the space which are crying out for modernisation are the high commission structures, value loss in the form of taxation and currency exchange, and the inherent risks involved in a trust-based P2P platform.

High Commissions :
Platform commissions of traditional existing solutions can be extortionately high, as much as 30%. Thorough their streamlined token-based system, WONO are able to offer just 1-5% commission which makes the ecosystem more profitable for owners and participants.

Taxation & currency exchange loss :
Using current systems and traditional fiat money, asset owners and freelancers are classed as entrepreneurs and are liable for taxes as an entrepreneur. WONO claim to have provided a solution as ‘ a token payee doesn’t pay taxes since tokens are non-taxable digital assets’.

Further, utilising a single currency for earning and spending solves the issue of currency conversion fees; the WONO token structure allows parties in different countries to retain the money previously lost during currency conversion.

Lack of Trust & Inherent Risks :
Unlike WONO which offers an open, community-controlled system, centralised P2P platforms do not provide transparent ratings and reviews. Users also have no guarantee that the party involved in their transaction will actually fulfil their role and complete the deal, in which case the user is compensated (and disappointed) after cancellation.
This is where WONO’s smart contract system shines: WONO smart contracts guarantee that the conditions of the transaction will be met, and in the case of a cancellation crowd insurance and crowd arbitrage systems provide compensation to the user.

How WONO Solve this

WONO offers the environment for hire and rental tangible and invisible assets, as well as
ordering and performing services based on Ethereum blockchain and the Interplanetary File
System (IPFS).
The project’s aim is to arrange ideal conditions for a convenient exchange between users with
minimal transaction costs, regardless of location.WONO is a bridge between the cryptocurrency community and the real world. It allows consumers to use cryptocurrencies for physical asset rentals and the hiring of freelancers.
WONO focuses on the following:

• Space sharing: We combine P2P rentals (e.g., Airbnb) with the home-swapping concept.
• Transportation sharing: We use the Turo/Getaround model where a person can hire or rent out a vehicle for any desired duration.
• Miscellaneous assets sharing: Users can hire and rent out any assets in their possession (e.g., gym memberships, gadgets, instruments).
• Services sharing: We combine the Freelancer/Upwork model for remote jobs and TaskRabbit for micro jobs.

WONO user can simultaneously act in four roles:

• Vendors: rent a property or perform jobs as a freelancer.
• Customers: rent your property or post jobs on the platform.
• Guarantors: make stakes for successful deal termination and earn bonuses. If the deal is cancelled, the stakes are used as compensation for the affected party
• Arbitrators: Determine the affected party in disputes.

All of these elements working effectively together provide a healthy, balanced decentralised ecosystem which is self-driven and self-sustaining. The community really is put in the driving seat, which is an inherent feature of the blockchain providing a much more community-controlled solution as opposed to centralised systems.

WONO crowdsale

• 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 KYC & Whitelist.

Roadmap

Verdict

P2P solutions are booming in developed countries- just think about how quickly Uber has exploded over the past year or so. By utilising the security and efficiency enhancing features of blockchain such as smart contract technology into such a platform to be used with decentralised applications, the uses in the P2P space are truly immense. Plus a trust-less system allows for the mitigation of middlemen, which means minimal fees, so that’s a win all round for users.

Will WONO be this seminal P2P solution? Well one thing’s for sure: they are confident of their understanding of the issues in the industry and what’s required to bring about these solutions via the newly emerging opportunities in blockchain technology. Competitors in the blockchain space (such as Bee Token for realty and Develop[crypto] for freelancing) are all relatively specific in their service area and are not aiming to become a generalised platform to be used by a wide variety of developer applications, as WONO is intending to achieve.

The token metrics for the crowdsale are strong with a relatively low hard cap of $20,000,000 and a healthy 60% segment of all tokens available in the public sale.

For More Information

• Website: https://wono.io
• Whitepaper: https://wono.io/assets/i18n/en/wp.pdf
• Telegram Group: https://t.me/wonoworld
• Twitter: https://twitter.com/wonoworld
• Facebook: https://fb.me/wonoworld
• Reddit: https://www.reddit.com/user/wonoworld
• ANN: https://bitcointalk.org/index.php?topic=3398728
• Bounty: https://alpha.bounty0x.io/hosts/wono
• Medium: https://medium.com/@wonoworld

Author: Raghav
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2235966
Eth: 0x11b2642E17Bf70C834CaA29a97D2030303d07069