Prior to recognition of blockchain technology's expansive application, there have been a number of online peer-to-peer platforms that facilitate the transfer of value between individuals carried out in centralized organization. Online freelancing blazed the trail with the launch of Fiverr in 2009. A few years later, in what can be considered a characteristic Internet 2.0 fashion, the startup Uber out of nowhere, made sharing economy something cool with its taxi-sharing service. Following the breakthrough of Uber and Fiverr a number of companies have created wildly successful similar economic models in other fields; AirBnb offering a house sharing service and Upwork creating a more professional freelance network connecting buyers and sellers around the globe. The fact that you can access the services of these borderless applications from pretty much anywhere around the globe make the case for their increasing importance.

✅ Following the success patterns of Uber and AirBnb, the sharing economy is projected to grow from $14 billion in 2014 to $335 billion by 2025.

As long as there are idle resources and a way to connect buyers and sellers, the opportunity for the sharing economy will be there for a long time.

The problem with monopolies (even in the sharing economy)

It is not new to see startups beginning from humble origins, change their philosophy as soon as they become successful. Their centralized management makes it easy to implement changes driven by personal interest since the interests of the business and not the users come first. While some of these cannot be avoided due to technical costs, most of these negative effects arise from the fact that these are monopolies in their respective fields. Meaning they set the standard unchecked.
Some of the limitations of current P2P platforms include:
📌 high commission fees,
📌 vendor taxation
📌 non-transparency of ratings and reviews. Reviews can be doctored, bad reviews can be deleted for example.
📌 Risk of fraud
📌 Deal cancellation. How many people have had their contacts with Airbnb terminated without explanation

A Blockchain Upgrade

Reinforcing blockchain’s ethos to be truly humanitarian and return value back to the users, Wono platform creates one ecosystem for all stakeholders in the rentals and freelancing online community to interact in a truly transparent fashion. Wono is built on Ethereum and the Interplanetary File System(IPFS) to ensure a truly decentralized backbone for interaction of the platform users. Users can serve four different roles: vendor (sells skills or rental), customer(sells skills or rental), guarantor(stands in to successfully terminate agreements) and arbitrator(dispute resolution). Wono can be described as Airbnb and Upwork/Fiverr on blockchain.

What are the benefits to the freelancer?

Smart contracts facilitate agreements on the platform. Pre-agreed timelines and amounts to be transferred will be ensured because they will be locked in smart contracts. This makes it more convenient and returns the trust factor in the transactions. In addition, only transaction fees to the Ethereum network will be paid out because the transaction happens truly P2P. This gives freelancers more freedom and more value from the work or rentals they offer.
Not to mention, the fact that WONO can be utilized to obtain services in the real world without having to be changed into real world dollars means no currency exchange rates, international transaction costs or taxes on spending WONO. Tokens are only taxable when they are spent, not when they are used within the ecosystem. The fact that payments are locked in smart contracts means that freelancers can be able to spend today freely knowing they are assured of payment at a predetermined future date.

For buyers

An opportunity to meet with a large pool of motivated vendors. The fact that ratings are recorded on the blockchain removes the ability of vendors to doctor them making them more transparent.

Crowd Deal Insurance

The role of arbiters and guarantors can be taken up by any person, creating a healthy community driven ecosystem. To do so, the guarantor gets to place a stake in WONO tokens for successful termination of the deal. If this occurs successfully, they get to earn their stake back with a reward on top. Otherwise, they lose their stake to the affected party.

Tokenomics

Token WONO

Price 1 WONO = 0.5 USD

Bonus Available

Bounty Available

MVP/Prototype Available

Platform Ethereum

Accepting ETH

Soft cap 5,000,000 USD

Hard cap 20,000,000 USD

Country Malta

Whitelist/KYC KYC & Whitelist

Currently, the whitelist for the project has been completed. Pre-ICO with a bonus of 30% is about to start on August 6.
Set to begin on September 3, 47,500,000 or 60% of total tokens(79,166,667) are available for sale to the public in the crowdsale.

The POC of the Wono platform will be launched on the public network in Q3 2018. You can now access it from the website. In Q2 2019, Wono will be officially launched for use on the Ethereum network.

TEAM

The team is quite large in number comprising more than 10 members(developers, designers and project managers) led by the CEO and founder Alexander Esaulov

ADVISORS

The advisors features notable names such as Ian Scarffe in the cryptocurrency space and many more in the niche market scene. To name a few, Benedict O’Leary for accommodation and travel, Adil Khan for P2P carsharing and Alexander Zhidkov for P2P home sharing.

Conclusion

I think Wono is poised to be successful because it offers the missing component in an already existing market. By integrating blockchain, Wono is the sharing economy done right. By serving a particularly useful niche that bridges the digital world and the real world, Wono will drive the adoption of cryptocurrencies in the mainstream.

Follow the following links for more information and to be part of the Wono community today.
Twitter: https://twitter.com/wonoworld
Telegram: https://t.me/wonoworld
Website: https://wono.io/

Disclaimer: Part of the article group.