This is the beginning of a series of frequently asked questions that might be useful :
https://steemit.com/ono/@ghulammujtaba/ono-frequently-asked-questions-page-1-25

At the bottom of the post I also provided some links if you really want to know the details you can read the white paper, it will be similar to steemit but with some key differences in regards to monetization through ads (if you choose) and payout time (you get paid out every 24 hours but it looks like there is no cap and the content always stays open for voting!)