WONO Review: Decentralised P2P Marketplace
A peer-to-peer (P2P) economy is a decentralized model whereby two individuals interact to buy or sell goods and services directly with each other, without an intermediary third-party, or without the use of a company of business. The buyer and the seller transact directly with each other. Because of this, the producer owns both their tools (or means of production) and their finished product.
A peer-to-peer economy is viewed as an alternative to traditional capitalism, whereby business owners own the means of production and also the finished product, hiring labor as necessary to carry out the production process.
A P2P economy can exist within capitalism. Open-source software (which is P2P) co-exists with retail and commercial software. Services like Uber or Airbnb serve as alternatives to taxi and livery services or hotels and inns.
The modern state of emerging P2P economies is just the latest example of the internet’s value to consumers. The emerging internet-empowered, self-producer model of capitalism is now big and disruptive enough for regulators and companies to have woken up to it. That is a sign of its immense potential for such innovative business models in years to come.
What is WONO?
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 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.
First, it plans to eliminate commission fees when converting and exchanging currencies and also when conducting international transactions. Secondly, with the joint use of the WONO economy, the problem of taxation is excluded, which is an important plus. Thirdly, as mentioned above, open and transparent transactions, insurance and arbitration. Why did the platform choose this direction, because this direction is developing quite seriously and has a substantial interest among users, is estimated by many billions dollars, although in general it has a number of shortcomings, such as centralization and monopoly, breach of confidentiality, unfair competition and the platform intends to change it.
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.
WONO is the platform where P2P blockchain revolution will take place!
ICO
Token: WONO
Price: 1 WONO = 0.5 USD
Bonus: Available
Accepting: ETH
Platform: Ethereum
Country: Malta
Soft cap: 7,000,000 USD
Hard cap: 20,000,000 USD
Whitelist/KYC: KYC & Whitelist
Links
Website: https://wono.io
Whitepaper: https://wono.io/assets/i18n/en/wp.pdf
Telegram: https://t.me/wonoworld