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Chinese Peer-to-Peer Economy to Exceed 20% GDP: WONO ICO

WONO ICO Review

Sharing economy represents over 5.5% of tasks in China According to Xinhua mentioning the National Development and Reform Commission of PRC, this section of economy yielded the nation over $333 billion. Besides, specialists job this figure to grow 40% each year.

However, in spite of the excellent figures we are not likely to see a total shift to the sharing economy with fiat cash at its structure. Both systems have actually ended up being outdated, however our company believe that the transformation will happen the minute blockchain combines with the sharing economy.

The problem with the peer-to- peer economy today is that it is being smothered by the concern of awkward and stiff fiat cash. This mainly worries high deal expenses. Airbnb is required to charge a 20% comission for its services to preserve its substantial personnel, cover site costs, taxes, and so on If a comparable service was produced on the blockchain, deal costs would remain at simply 1-5%.

Thisis why we are producing WONO– the very first decentralized job created to help with exchange of residential or commercial property and services. Considering the abilities of blockchain we have actually chosen not to restrict the WONO environment to a single section of economy and rather to use as high of a range of products and services as possible.

Imagine for a minute that you are holding WONO tokens. You have an apartment or condo in New York and you desire to go to a lecture on neurobiology provided by a teacher you appreciate. The lecture occurs in Paris.

Within the community you can discover both somebody to lease your home to while you are gone as well as a location to stop at. It is not from concern that you might discover somebody who will accept our tokens as payment for a lecture.

We think that releasing the complete capacity of peer-to- peer economy and promoting cryptocurrency as a practical and more suitable option to fiat cash can be accomplished by offering the optimum range of products and services. This will enable to bypass the requirement for exchanging the token into fiat or perhaps bitcoin.

For more details go to our site and see our whitepaper:

https://wono.io

https://wono.io/assets/content/en/wp.pdf

Twitter: twitter.com/wonoworld

Reddit: https://www.reddit.com/r/wonoworld

Telegram: https://t.me/wonoworld

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Written by Ravi Gupat

Ravi grew up in India and graduated in Economics. He is a serial entrepreneur who has founded and exited several companies in tech and media over the past 15 years. He is also an early stage investor and advisor in various blockchain-based companies.

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