Wono: Decentralized Platform foe Exchange or rent of any assets

INTRODUCTION

Sharing economy is when a person grants another’s user temporality access to their available physical asset for money or exchange. The sharing economy is classified into core parts like goods, transportation, services and finance. The advancement in technology has increased the revenue in this industry significantly in recent time. The sharing economy reached the US $115 billion in 2016 as opposed to what we have in 2012 which is $3.5 billion. The latest forecast of the sharing economy is to $335 billion in 2025. This growth also comes with their challenges such as high level of intermediaries and increase in transaction cost in the sharing economy. In an attempt to solve the above-listed difficulties, a blockchain based platform knows as WONO was developed.

WHAT IS WONO PLATFORM

WONO platform is a decentralized platform that will reduce the challenges faced in the traditional sharing economy. WONO will undoubtedly address the various issues faced in the sharing economy such as monopolized market, trust and high transaction cost. The platform will allow the hiring of freelancers and renting of physical products. The deals on WONO platform are based on the blockchain technology that ensures fair and transparent transaction in the process. The WONO token will be used for various transactions and fee payment on the platform globally. WONO offers their users a fantastic rating system that allows them makes a sound decision on the vendors or services to go for on the platform. The areas of the sharing economy that is decentralized by the WONO platform are listed below:

1. Asset Sharing
   The vendor on the WONO platform will be able to rent their unused physical assets and membership.

2. Services
   The WONO platform has a fantastic rating system that allows users to go with verified freelancers

3. Freelancing
   This is one part of the sharing economy that is hugely manipulated by many freelancing websites globally. The WONO platform will be charging freelancers 1-5 % commission compared to the 20% minimum charged by the traditional freelancing websites.

4. Housing Sharing
   This is another core part of the sharing economy. The users are allowed to rent their house or swap with others in different nations of the world.

5. Transportation
   You can hire a car for as long as you wish without the restrictions placed on the users.

USERS ON THE PLATFORM

1. Customer: The people that hire or transact with the WONO token are the customers in the ecosystem.

2. Vendor: This can be the services providers or the owners of the physical assets listed on the platform.

3. Arbitrator: They will be needed in case there is any dispute on the platform to be resolved. And every transaction is assigned an arbitrator for easy and stress-free transactions.

4 Guarantor: They facilitate a fair transaction between the assets owners and the customers in the ecosystem. And they are involved in all transactions on the platform. But the guarantor role on the WONO platform is entirely different from the financial institution's definition of a guarantor. They are needed on the platform for transparent and smooth transactions.

WONO TOKEN
The WONO token is used for all the transactions on the platform. This is a blockchain based utility token that can be utilized for fee payment and services charges on the WONO platform.

Token: WONO
Price 1 WONO = 0.5 USD
MVP/Prototype Available
Platform: Ethereum
Accepting: ETH
Soft cap: 5,000,000 USD
Hard cap: 20,000,000 USD
Country: Malta

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CONCLUSION

WONO is a blockchain based platform that addresses all the issues faced in the sharing economy. The sharing economy is growing in recent times and comes with similar challenges such as high level of intermediary and transaction cost, which the WONO innovative platform is bent on solving. This will completely decentralize the sharing economy for good. If you need more information about WONO platform, kindly follow the links below:
Website: https://wono.io
White paper: Telegram https://wono.io/assets/content/en/wp.pdf
Twitter: https://twitter.com/wonoworld
Telegram: https://t.me/wonoworld

Bountyox username: @Bountyfit
Eth wallet: 0x33d55E44C0Ea0E87C45C89819992bfe2aF6ac950