ONO AMA Telegram w/ Ke Xu: DAY 1 RECAP
Tags: FAQ, Blockchain, Social Media, Decentralization, Dapps

Every day AMA in ONO English Telegram

Every day in the ONO English Telegram there’s an AMA with CEO and founder Ke Xu of ONO at 2 PM GMT.

This is the recap from the first day of questions, and Steemit user, @vasil-danev was kind enough to allow us to use the post he wrote, so check out his original article: https://steemit.com/onosocial/@vasil-danev/daily-ama-with-ke-xu-or-ono-or-day-1-recap

Join the Telegram group: https://t.me/ONOUS

Please submit your question to the host in the ONO English Telegram channel instead of putting it directly into the chat.

DAY ONE:

It’s been a few weeks, what’s going on with registration for the English Ono?

Ke’Xu @ONO: We will launch our English version on the 15th of July, so its like 10 days later… This will be the first test version of the App so the people can test it. This version will be available only with invitation codes.

2. Will ONO be like Steemit, in that the people with the most SteemPower have more clout? clout = power/influence

Ke’Xu @ONO: ONO has its own reputation mechanism. After a period of testing. We decide to make the reputation mechanism to OP+KYC+ your activity. The influence of user activity is the biggest.

3.When will ONO be ready for a first test, and what are the advantages of becoming a Super Partner — like to these people get certain advantages later when the platform is available?

Ke’Xu @ONO: According to the ONO whitepaper you will know that the Super Partner is a one of the special ONO TIC, its a very special one so it has a right to execute the bad content and have the right to make the ecosystem go to the right way. A Super partner can build a social network by executing the content and get 2% of the daily ONOTs. And in the future all the content of the referendum will be decided by the super partner round table, whether you can be put down into the referendum list, so it will have the power and the reward and also the contribution for the ecosystem.

4. What is the mainnet launch date?

How does the token swap work from erc-20 to real tokens?

Ke’Xu @ONO: For the forth question, we will launch our test net on the end of July and we are going to announce that on the ONO conference. The mainnet launch will be next year, so we will have more than 8 months to develop it and to make the mechanism run better. It will be very similar to swap from ERC-20 to real tokens. You can exchange the ERC-20 tokens in the exchange after we launch our token in the exchanges and later we are going to migrate it and move your ERC-20 token to the real mainnet one so it will be similar as EOS did.

5. Why not have the the token on eos from the start?

Ke’Xu @ONO: Because of the exchange problems. Lots of exchange haven’t support the EOS one yet. For the people can better trade.

6. Can we have an update about maintenance and governance of the sidechain?

Ke’Xu @ONO: Yes. We are still working on the whitepaper of ONO mainnet. I’m sure it will follow ONO’s core philosophy. We will publish the ONO mainnet whitepaper ASAP.

7. There seems to be some confusion, about the mainnet launch, interesting I thought the mainnet would launch with the app?

Ke’Xu @ONO: I’d like to give a formal answer to Julia’s question. I need to explain why and how ONO mainnet work. Let me Quote John Milburn’s coversation from Telegram group first.

‘EOS BlockPros”:

jem, [05.07.18 17:30]

[In reply to Tracer]

They have been running a dapp with more than 200,000 users, built on an earlier pre-launch version of EOSIO, for a couple of months. The onboarding cost of the Mainnet now makes it entirely non-viable for their app.

jem, [05.07.18 17:35]

[In reply to Mr. Hobbes]

This is a massive distortion of reality.

EOS is intended as a platform upon which to build dapps. Ono has been engaged and using the platform earlier than most others. The Mainnet has some constraints which make it untenable now for the ONO dapp. Onboarding costs are absurdly high. There is no paralley chain capability, as EOS IBC is not implemented.

Ono now has more than 200,000 users. To onboard them to the EOS Mainnet, at $20/account, would cost $4M minimum. The dapp smart contract cost would at least double this. It makes absolute sense for ONO to build their own separate net on which to run.

In fact, the huge data

That’s why, we need to launch ONO mainnet to package our users’ activity into hash, and launch them on chain. So that’s why we can’t put all the users data on any of the blockchain now. We have to make ONO blockchain to satisfy Huge ONO users activity.

8. Will the people using ONO International be rewarded in ERC20 tokens?

Ke’Xu @ONO: Yes. They will. ONOT is now an ERC-20 token. And for anyone from all around the world will be rewarded by it. For the equality, since Chinese users tested ONO for months and they gained 0.2billion ONOTs already (locked in their ONO account), we will increase the rewards of global users(except Chinese users) in the next few months till they get token as much as Chinese users.

9. Will you explain how you will rectify the imbalance of token for users who are only now gaining access?

Ke’Xu @ONO: As I said, I will let global users get as much as Chinese users already got. (0.2billion+)

10. Are all the user who signup the invite url will be given an invitation code?

Ke’Xu @ONO: Yes. We will send invite code to everyone who sign up before we launch ONO on 15–17th

11. Many friends are asking me when they will receive the invitation code (answered already) and how to verify an account. Will they need a document like passport or facial recognition?

Ke’Xu @ONO: When they verify, they can use their email. They dont have to do KYC( passport). But we have the function to do KYC. If you did KYC your contents will have higher reputation and you can unlock the function of long articles.

12. Are user required to post original content or is sharing others content allowed?

Ke’Xu @ONO: Yes sure! Sharing is allowed! It’s like Facebook. And if the comment is good, people who write comments will be rewarded also.( you can like and comment a comment) Sharing=reposts. You can’t copy paste.And sharing will increase the rewards of original content writer. For example , Trump repost your ONO . He brought thousands followers for this ONO, you will be rewarded by the reads, likes, and comments. He will get reward from only the reads likes and comments on his page

13. Which exchanges Ono will be listed on first?

Ke’Xu @ONO: We are considering Binance, huobi, bittrex, upbit.. it’s not decided yet. Still processing.

14. Any plan to support other languages like French, Arabic …?

Ke’Xu @ONO: Yes. We are planning to do next.

PREVIOUS AMA’S:

AMA DAY 9

AMA DAY 8

AMA DAY 7

AMA DAY 6

AMA DAY 5

AMA DAY 4

AMA DAY 3

AMA DAY 2

AMA DAY 1

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