ONO FAQ: 2
Will users be able to send ONOT to other users?
Yes, any user with a digital wallet will be able to transfer, send red envelopes and make transactions to any user. The sender will be able to customize the GAS fee which needs to be paid in each transaction.
What is identity certification?
The ONO identity certification system provides many basic services including account registration, content confirmation, identity certification and limit management and so on.
When will identity certification be made?
The identity certification will be made after the user registers in the system.
What are the advantages of going through certification identity?
The user going through identity certification will have more authorities, such as participating in the referendum and ecosystem building and so on.
What would be the total flow of ONOT?
The total flow of ONOT would be 100 billion.
How ONOT would be distributed?
The distribution of ONOT is as follows:
Founding Team – 20 Billion ONOT
Co-Contribution Partners (Investors) – 35 Billion ONOT
Ecosystem Incentive Pool – 20 Billion ONOT (These ONOT will be used as incentives for keynote partners, cooperation partners, and outstanding developers who make contributions to the ONO social media network.)
ONO plans to make the additional issuance of 5 billion ONOTs each year means 13698630 ONOTs will be printed each day.
Can ONOT be destroyed?
Yes, they can be destroyed.
Who will decide if ONOT should be destroyed or not?
The decision to destroy ONOT or not will be made by the voting by all users.
How ONOT inside the ONO Adjustment Account (OAA) will be used?
The ONOT inside the OAA will be used to adjust the amount of throughput in the market. Users will have the right to vote to choose how to handle the ONOT in the OAA like allowing the extra to flow into the market, destroying ONOT and distributing ONOT that are being produced daily.
Will users be rewarded with ONOT after logging in?
Yes, users will be rewarded with ONOT after they log in. There are two possibilities (Keep in mind that 1369860 ONOT will be produced daily)
When the number of logging in is equal to or smaller than 136986 – Each user will be rewarded 10 ONOT and the remaining tokens (If left) will be transferred to the reward account for activities, and used as task rewards in special activities.
When the number of logging in is greater than 136986 – 1369860 (Daily supply of ONOT) / the number of users logging in.
Is ONOT a legal currency?
No, ONOT is not a legal currency, it can be considered as a value added asset.
What is ONO Power? (OP)
OP is the only reputation and interest certification in the ONO social network and is non-negotiable and non-transferable under any circumstance. The only channel for users to gain OP is to lock ONOT in the system by 1:1 exchange rate.
What are the advantages of OP (ONO Power) for a user?
The quantity of OP one holds will determine attributes like influence and will also generate social clout. Additionally, OP holders will gain interest generated by the OP balance from the locked parts.
Will users be getting any interest on their OP?
Yes, the interest received by each holder will be determined by the quantity of OP each user holds and in positive proportion to the total quantity of OP held by all users.
Does ONO sell or leak users own data?
No. ONO is a free and decentralized social network. Its mission is to return rights to its users. Therefore, ONO and all founding members swear that they will never leak, sell, or reveal user data.
Can I post whatever I want, even illegal content?
No, users can’t post abusive and illegal content.
What’s the definition of freedom according to ONO’s values?
ONO believes that freedom should be based on the responsibility, obligation, and respect for other people’s equal rights, not on the basis of evil and not on the basis of human beings expressing their personal will in ways that harms others.
ONO FAQ: 1
Connect With ONO:
Official website: https://www.ono.chat
Hi @onosocial, I have just recently found out about ONO and it looks like an interesting project. Do you mind if I translate this FAQ into spanish for the hispanic community here on Steemit?