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Shared Economy: What do we hate about it and how can it be improved.

· 09 Jun 2018 in Cryptocurrency News, Home, Press Release
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

Most of the platforms based on the sharing economy principles are considered to offer open, free and affordable renting options, comparing to traditional hotel marketplaces.

Marketers try to convince users that assets’ owners list their properties at some moderate price due to their open-minded position and extreme friendliness. So every student on his gap year can afford it. However, this isn’t true.

 

In real life, you can hardly find any really cheap property, especially in big cities with high demand, such as New York, Paris, Moscow, etc. It happens because while listing their property on global platforms, the owners of the assets have to pay additional fees and commissions (can be up to 30% of the rental value). What’s more, a vendor is usually obliged to pay taxes. Therefore they often include additional charges in the final price, their tenant has to pay.

 

A blockchain-based startup WONO aims to change the situation. WONO is a decentralized P2P-platform for rentals and freelancing. The main idea of WONO is uniting several traditional sharing economy segments (AirBNB, Turo, Upwork) into one safe and transparent online platform on Ethereum blockchain.

 

How can WONO’s unique structure influence the prices of the assets listed on the platform? There are at least a couple of ways WONO can do it.

 

Lower commissions. WONO team is sure that charging 10% – 30% for each deal – is not fair.  OK, you should pay something for using the infrastructure of the platform, but no middleman service can cost 30%, that’s obvious.  WONO doesn’t offer you commission-free service, but the rates on the platform are 1% – 5%, this lets vendors keep lower prices for their assets and get more customers.

 

Cheaper transactions. Thanks to the blockchain, all the transactions will be performed in WONO tokens. Since tokens in most countries are considered digital assets, there are non-taxable, unless you decide to withdraw them. So if you can earn and spend in tokens, you can avoid taxation in a 100% legal way.

 

WONO is not the first attempt to integrate blockchain with a sharing economy, but it has some more exciting issues a WONO user must know about.  What WONO actually offers, is easy monetizing of anything people possess: homes, cars or even time and talents as a freelancer. Yeah, you can even find a job on the WONO platform.

 

WONO team believes that their Malta-based startup will very soon make a revolution in the sharing economy segment.  Let’s see how WONO will rival its off chain competitors. Proof of concept and token crowdsale are scheduled to the end of July.

 

Media Contact

Name: Kirill Pyrev

Email: [email protected]

TG Group Link: https://t.me/wonoworld

Website: https://wono.io

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