Is social networking isolating people more than bringing them together? Can blockchain technology fill up the missing gaps? The ONZ Coin Foundation believes so, and has announced the launch of the ONZ Coin ICO. The open ICO will take place between February 4-March 4, 2018, and purchases can be made with BTC or Alt coins.
The total population of ONZ at the pre-mined stage is 180,000,000 ONZ, 75% of which will be offered in ESP and ICO. Before the main ICO, an early 40% bonus will be shared between January 29- February 4, 2018, and an early supporter phase will give out 45% bonus between January 22-28, 2018.
ONZ will integrate social media platforms with the DPOS blockchain technology that will transform appreciation on social media platforms into ONZ cryptocurrency network as a transferable token. The ONZ project supports the sense of true belonging, which is different from merely fitting in. It is thus launching the ONZ network running on a store of value with the ONZ coin that will provide for cross social network transactions. The value of the ONZ token, which is transferable, will depend on how the community recognizes it in terms of real value and trust in the community.
Social media today is reportedly used by 2.8 billion people, who spend on average 2 hrs and 19 mins each day. The advertising revenue runs above $40 billion. It is clear that the time and effort spent by this global user base can be a real asset to support the world. The ONZ project has been founded on the belief that the isolating effect of social media can be countered by a real-time, real space token based social community.
The ONZ system comprises the ONZNet, ONZCoin, ONZProbe (to integrate with social media platform), ONZScale (evaluate data streams to quantify the social media weight of an individual), ONZStamp (to digitalize social media asset and verify its originality) and the ONZWallet. ONZCoin and ONZWallet will also be available as a mobile app.
“ONZ team sees a gap between social media that people interact in the cyber world and the real face-to-face interaction. And we aim to build a real-time, real-space token based social media community to bridge the gap, holding to the faith that with ONZ the team can do something to restore the connection breakdown in our society and also raise awareness on the problem,” said a spokesperson from ONZ.
By using DPOS over POW, the cost of decentralization will be reduced to less than 5%, with the money saved rolled back to the coin capital. DPOS works on reputation system and comprises frictionless, real time voting to create a set of trusted parties which can create blocks.
For more information, please visit: https://www.onzcoin.com
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