ONZ Coin – Blockchain for Social Networks
Wij believe ter the power of social media. The effort people give and the time they spend on social media, spil well spil other community networks, can become a resource with which wij can better the world.
The ONZ team strongly believes that the social interactions are a fundamental human need. Thesis days, wij face a laagconjunctuur of separation arising from differing ideals te politics and ideology. When people turn against each other, it can lead to distrust and loneliness. The ONZ team believes that with the right technology, wij can potentially help solve this problem.
Social networks are now so well established, here are some figures of social networks te 2018.
Global users: Two.8 billions
Advertising revenue: 41 billions (USD)
Time spent: Two hours and Nineteen minutes (daily)
Snapchat hits: Ten billion daily movie views
Social media ad spend surpasses TV
Blockchain is an encrypted, distributed database collective across numerous computers or knots that are part of a community or system. Here is why a blockchain is able to stir foundational social media to an entirely different level.
Public networks (DPOS)
Transactions inbetween different social medias
Freedom of speech
Store of value
The ONZ project is based ter the belief that a sense of togetherness could help restore the disconnect te the society. ItвЂ™s very significant to note how a sense of togetherness is different from just fitting ter.
Connected with ONZ Network
Store of value with ONZ Coin
Provide cross social network transactions
ONZ Coin Introduction Movie
Let’s see how ONZ coin will switch people reactions ter their social network.
The principle idea of ONZ is to integrate social media toneel with DPOS blockchain technology to convert appreciation on social media platforms into ONZ cryptocurrency network spil a transferable token. The value of the ONZ token will depend on how the community recognizes it te terms of real value. ONZ is transferrable if someone could send ONZ to others spil appreciation te real life. The value of ONZ token will be primarily based on the trust te the community, and the system will consist of the following components:
ONZNet – DPOS crypto backbone
The backbone of the verhoging which takes care of all of the transactions with DPOS blockchain technology, the fastest, most efficient, most decentralized and lithe proefje.
ONZCoin – Social Value Unit
The value carrier via the verhoging. The value of ONZCoin varies with recognition and the level of trust within the entire community. It is not ter physical form but it exhibits properties similar to physical currencies and permits for instantaneous transactions and borderless transfers of ownership.
ONZProbe – Social Media Adaptor
ONZProbe is the key component that the ONZ team will be focused on because it will be the only channel to integrate with social media platforms. ONZProbe is not only a software development sub-project but a key chunk of the puzzle the team needs to bring to the table te order for social media platforms to buy-in to the integration.
ONZScale – Social Media Weighting Bot
ONZScale is the 2nd most significant subproject which the ONZ team will be focusing on, since an algorithm needs to be developed to evaluate the gegevens feed from the ONZProbe on an individual. This is te order to quantify the social media weight of the individual, which is very significant because that weighting will be transformed into a certain amount of ONZCoin.
ONZStamp – Social Asset Stamping Bot
ONZStamp is a component the ONZ team would like to have te order to digitize social media assets. This will be used to verify whether a postbode is original or not. The ONZ team promotes social media copyrights, but spil a technical matter, the team needs a way to distinguish originals and reposts te order to decently assign a weight to it.
ONZWallet – Digital Wallet
Everyone te the community keeps their ONZCoin ter their ONZWallet. Each wallet has a unique address which works spil the identifier ter the network. It is just like a canap account number, all transactions are from/to individual ONZWallet addresses.
The ONZ team has laid out the following project timeline. The team is aiming to rigorously go after it and it has bot violated into Four stages with 6 phases. Each stage and corresponding activities are illustrated te the diagram below.