It’s quite clear that using a single currency for everything is convenient and 95% of existing altcoins and tokens will be extinct very soon. You may have some benefits trading them but you’ll never use them as a customer, not a short-term investor. In that case, why WONO offers its own token instead of using, say, Ethereum? Today we’ll explain all the reasons.
But first we would like to remind our readers that WONO token is a ERC20 standard token designed for use in Ethereum blockchain. So actually we don’t reinvent the wheel. Still, all transactions at WONO will be made in tokens.
Because no token = no community. When you hold platform’s tokens, you in fact become one of the shareholders. Your wealth grows with the number of platform’s users and transactions on it. The more fiat money is brought to the system by new users, the richer you are. You become a part of community together with members of WONO team and major investors and can influence on everything which is going on. That’s what decentralization means. Unfortunately, it’s impossible to build a proper working decentralized platform without own token.
At this point you may ask: OK, guys, but why can’t you offer your tokens just for investors and potential shareholders and let users pay in Ethereum and Bitcoin? In that case some investors (particularly from the US) would automatically become potential tax payers as the token which isn’t used for payments on the platform are determined as tokenized security papers by the US Securities and Exchange Commission.
WONO is a utility token used for investors and regular users at the same time. In fact, all regular users are investors, too. As you can see, own token emission is the only way to make a truly decentralized, transparent and reliable platform. That’s why every blockchain startup offers its own tokens. The question is: which of them are born to die shortly after and which of them are born to change the world.
What’s unique about WONO, our token is used both for earning and spending. This will make its price grow rapidly. In the next article we’ll explain, why.
Andrei Chepelev, COO at WONO
