WONO

This is a decentralized peer-to-peer (P2P) platform designed to facilitate the exchange of property and services. WONO’s incorporation of Ethereum blockchain and IPFS (Interplanetary File System) effectively making the system and community decentralized. Consequently, it allows its users to interact without the need for an intermediary.

PROS:

1. WONO is a new paradigm of economic peer-to-peer interactions centered on decentralization, transparency, mutual trust, reputation and collective decision making by community members.
2. It provides a completely transparent asset rating system and community member reputations leading to fair compensations. These features also eliminate one-sided deal cancellations.
3. WONO is a new-generation P2P platform that is not only tech-savvy but also scalable. It will, therefore, drive out the current ineffective and unfair business models.
4. The platform organizes ideal conditions for convenient exchange between users with minimal transaction costs irrespective of locations.
5. It bridges the cryptocurrency and the real world, thus allowing individuals to use the digital currencies for physical asset rental and the hiring of freelancers.
6. Whitepaper; besides presenting the concept in a clear and concise manner, the whitepaper uses simple language that is easy to understand.
7. Team; the platform has a large number of team members drawn from various digital currency, digital marketing, and entrepreneurial fields.

CONS:

1. The whitepaper spends a significant fraction on content and concepts that are not crucial to the platform.
2. Friction from the existing ineffective and unfair business models will cause a backlash to the platform.
3. The platform token is not compatible with fiat currencies.

SUGGESTIONS

1. Self-explanatory concepts like Reputation Profiling do not need elaborate explanation and graphic.
2. Instead of planning to disrupt existing models, WONO should find ways to assist and partner with them to forestall possible counterattack.
3. There is a need to introduce an exchange rate relating to fiat currencies for widespread adoption.

NOTE:

WONO is a wonderful platform that will help users share assets and get fair compensations for their properties. Given the current high need for its services, the network is bound to thrive. I will be among the first people to invest in this platform.

The company’s main goal is to bridge the gap between cryptocurrencies and real assets/services and create a shared economy ecosystem based on the principles of transparency, mutual trust, and responsibility.

Positives
Decentralized Freelancing: Unlike Upwork where users are paid in high fees to participate in their platform, Wono doesn’t have fees involved due to its decentralized network.
Earning Potential: You can earn Wono tokens on the platform without having to waste time withdrawing your funds. As a result, the token price and demand will grow fast.
Deal Insurance System: With Wono, users can stake and earn extra tokens via participating in its platform.
Negatives
High Competition: There is already a multitude of ICOs that plan to bring the same benefits to the freelancing industry. Wono will have to create an innovative product that will help separate it from its competitors and gain a higher market share.
Product Release: We want to see a working product of Wono. Since it has been released in 2017, we’ll have to wait until the ICO finally releases a fully working system.
Website Design: There are a few small grammatical errors on the site which can reduce its credibility to investors.

Differentiation: There is a chart that compares general competitors (Origin Protocol, Bee Token, and Develop). The following categories are included in the chart:

– Direct deal
– Trusted deal
– Back-to-back deal
– Chain of deals
– Deal cancellation insurance
– Automated arbitrage
– Open arbitrage

The features above are fairly specific trading/exchanging mechanisms that are adequately discussed in the whitepaper and differentiates WONO from similar platforms.

Market Penetration Potential: WONO faces many competitors as it aims to provide a service for freelancers and peer-to-peer services, both from the perspective of traditional organizations and blockchain-based projects. As a result, market penetration will be difficult.

Solution Advantage: The advantages of the platform are primarily trading/exchange mechanisms as opposed to fundamental technical advantages. The platform does not have a significant business network to expand to. As a result, the solution has an advantage when compared directly to similar projects, but the advantages are fairly weak considering that the advantages are simply features that could conceivably be implemented on other platforms quite easily (especially if the organization plans to open-source the platform).

Team add international specialists with big experience. Also now I see MVP.
Great job, guys! I change my rating and respect!

The reviewed smart contracts are free of security issues and well crafted. The time and attention to detail presented by the WONO development team is crystal clear. In addition to being free of security issues, the WONO smart contracts match their whitepaper. This ensures proper distribution of tokens and ether based on code, not trust. We look forward to seeing the success if the WONO team and appreciate the opportunity to be a part of their story.