Wono – A Blockchain Based Asset Renting and Exchanging Platform.

Overview:

Wono is a blockchain based peer to peer platform. It is trying to link the cryptocurrency sphere with the real world. This project is aiming to develop a platform where users can rent their physical assets or hire freelancers with less transaction cost by eliminating the middle men. Here asset renting includes houses, private vehicles or sharing services like freelancing. Wono will be a transparent decentralized platform where the users can connect directly with each other, thus disrupting the monopolistic market. Wono tokens will be used in this platform to carry out all the transactions.

Wono Environment:

Wono platform can be used and implemented by third parties or start-up to grow their business and get benefits of blockchain technologies.

• The users of Wono ecosystem can rent their assets or hire assets and services and can also exchange them. The users can also play the role of a Guarantor, who makes sure the deal will be terminated without any problems by staking his tokens. After successful completion of the deal the guarantor gets bonus from the insurance part of the commission.

• Arbitrator will be the one to decide which party should get the deals’ deposit and which party should be fined if in case a deal is cancelled. Arbitrator can have access to the information of the deal, assets, reputation of vendor and customer etc. The arbitrator stakes his tokens to prove a particular party right. After this the arbitrator gets the arbitrage bonus from the insurance part of the commission.

• Wono does not support the anonymous deals. Information about the user will be displayed in his/her profile. Although this platform allows user to hide certain sensitive information.

• Each user will have a reputation score which be calculated based on number of deals successfully completed, number of deals where the user acted as an arbitrator, number of deals where the user was a guarantor and many more factors. The higher the reputation score, the higher will be the bonus and commission the user will get.

• The user should first complete the proof of ownership procedure before bringing his/her asset on this platform.

Deal Cycle:

When the vendor and the customer agree to make a deal, the vendor creates the deal draft and the draft is finalized by all the parties involved in this deal. The customer then signs the deal and pays the deal amount and the security deposit to the platform. The deal amount is transferred to the vendor in terms of tokens. The customer can pay the amount in terms of fiat which then can be converted to tokens on the platform. Both parties decide mutually that after what duration the vendor can take out the tokens submitted by the customer. After the deal execution begins the Security deposit from the vendor is also stored in the platform. After the deal is completed successfully 50% of customer’s and vendor’s deposit is retuned back to the customer and vendor respectively. The rest 50% is partly stored in the insurance bonus and partly retained by the Wono platform.

Team:

Alexander Esaulov - CEO, Founder
He is an entrepreneur and a marketing expert. Alexander founded and successfully sold various startups: Greeder (a products market place with a bargaining option), Alex Games (fitness reality show), Burn to Earn (fitness reality show in the United States), SPb Fighters (MMA reality show).

Timofey Esaulov - Business Development Manager
Timofey Esaulov has 20+ years of experience in management, business development, analysis and strategy as a CEO in several companies. He was senior supply manager at the Ford Motor Company for more than 10 years.

Andrey Chepelev - COO
Andrey Chepelev is Editor-in-Chief and Project Manager at Kolesa.ru. In four years, he raised the website’s monthly audience from 0.7 million to 2 million and developed it from a small regional media into the no. 5 automotive media site in Russia. As a successful executive and media expert, Andrey worked with Alex Esaulov as COO at Alex Games and Burn to Earn.

Token Matrix:

Token - Wono
Token Ticker - WONO
Token Value - 0.5 USD
Blockchain - Ethereum
Number of issued tokens - 79,166,667
Number of tokens for sale - 47,500,000
Soft Cap - $7,000,000
Hard Cap - $20,000,000
Pre-ICO - July 15, 2018
ICO - July 31, 2018

Verdict:

Pros:
• This project has very strong social media reach. It has 12,000+ followers on twitter and 23,000+ members on telegram.
• The team behind this project has experience in marketing, business development, digital marketing, blockchain, web developer, IT etc.
• There are 6 advisors for this project having different backgrounds such as blockchain, cryptocurrencies, IT, software development, corporate law etc.
• The whitepaper and roadmap of this project consist of detailed information.
• The project has partnered with IPS, Bounty0x and crypto consulting & investment.

Cons:
• The MVP of this project is currently not available.
• The admins Telegram group of this project are not active 24/7. Queries take a long time to get solved.

Website: https://wono.io/
Whitepaper: https://wono.io/assets/content/en/wp.pdf
Telegram: https://t.me/wonoworld
Twitter: https://twitter.com/wonoworld
ANN Thread: https://bitcointalk.org/index.php?topic=3398728

Bitcointalk Username: rshetty3344
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1907004
ETH address: 0x137F3CC2750C9b9bF639Cd4Bf8CB63c56823aC3c