ONO is a social network that is spearheaded by a 24-year-old female entrepreneur Ke Xu and an auspicious Chinese team. ONO is backed by VC funds from blockchain VCs like INblockchand, China Growth Capital, Purple Cow Fund, KIP, Green Pine Capital Partners, and Grand Shores.
Last month, Nometech, the company building the ONO dApp announced that it has a 300million dollar fund- ONO Capital which would be used to invest in projects and products that are aimed at adding value to the ONO Ecosystem.
ONO was the first dApp that was meant to be on the EOS blockchain but due RAM and CPU issues that would have made it insanely expensive and inefficient to run a social network like ONO on the EOS Mainnet, the ONO team decided to build their own blockchain using the EOS.IO software.
ONO promises to be a decentralized social network that ensures values like freedom, equality, and co-prosperity. Right now the ONO Founding team claims to have about 4million registered accounts and 450,000 daily users. The ONO dApp is on play store, it currently supports short posts, articles, gifs, and videos.
In the last couple of days. There has been some exciting news about ONO. There was a listing on Kucoin, a Maserati contest, and an ONOT giveaway.
ONO is Listed on Kucoin
11th of December, 2018 was a very good day for ONO. After six months of waiting, ONO was listed on Kucoin. It’s not as if it could not be done earlier. The ONO CEO has intentionally delayed the listing because of the bear market. As an early adopter and investor in ONO, it gladdens my heart that ONO is listed although ONOT is currently trading at half the price it was sold at the keystone round. It has not been a smooth ride for ONO. I remember how obnoxious and unusable the app was when it was launched, I remember the captcha monsters. Those days are gone forever. ONO is only going to keep getting better.
Kucoin is a well-known blockchain asset exchange that has its own cryptocurrency called Kucoin Shares(KCS). The platform is lead by Michael Gan. One of the amazing features of Kucoin is the lower fees. Kucoin gives 90% of the trading fees back to the users. 40% of this 90% is allotted to the Kucoin referral program and the remaining 50% is for the coin holders.
Now that ONOT is on Kucoin, people can freely buy and sell and speculate on the price.
Is ONOT going to get pumped up to the moon or is it going to dump to the deepest abyss? Only time will tell. I’m hopeful for a good price in the future.
ONO is currently the only eos.io based dApp that is listed on a high volume exchange. There are many more indicators that make me wonder if ONO is a Chinese bamboo, a giant that has not gotten the kind of hype and accolades that it deserves. I look forward to more listings and more successes for ONO in the future.
Buy ONOTs and Win a Maserati
KuCoin recently announced an ONO(ONOT) trading competition where 147,000,000 ONOT, 3 BTC, and a Maserati are up for grabs.
ONOT Giveaway
- Nometech teamed up with @KuCoin to give away 98,000,000 ONO tokens.
- 13,333 ONOTs were given to each user that participated and 833,333ONOTs were given to the users the top 25 users that brought in the most referrals.
- The giveaway has ended
Thank you!
