Social networking is an essential part of life nowadays. A few decades ago, these websites were never an issue at all, but they have become an integral part of friends, work life, and more.
Cryptocurrency has much of the same effect, since it is slowly expanding its reach to be able to buy products, pay for items at sports arenas, and even help to cover the cost of renting equipment. However, these two worlds are now combining with ONZ Coin.
What is the ONZ Coin?
ONZNet promotes the use of social media, since the tokens are meant to be tradable across multiple social networks. Over 2.8 billion people use social media every day for at least a couple of hours, which gains $41 billion USD a day in advertising revenue alone. With a blockchain that comes after the transactions and advertising revenue made on these transactions, there is plenty of profit to be gained.
The company highlights how powerful social media is and encourages consumers to become a part of this venture that lets them transact across every platform safely. However, this platform is completely decentralized, and quickly performs each transaction. To convert transactions, consumers will have access to the ONZProbe, which is software that consumers will have to download in order to transact cryptocurrency over social media.
Later on, the ONZNet creators will launch the ONZScale, which still needs to have its algorithm completed. It will measure the social weight that the user holds, which will factor into the value of their token. Everything is contained within the ONZWallet, which is online storage for the digital tokens across the platforms.
About the DPOS Token
Everything involved with the ONZNet platform will require the use of the DPOS token. However, while other companies name the value and transaction rate of their tokens, this token is dependent upon the usage and how integrated the investors make it. With greater participation, the value of each individual’s token will be increased, encouraging consumers to become more active.
The sale of the tokens will be divided into three phases – two phases of the pre-ICO, and then the public ICO. The first pre-ICO offers a 45% bonus on the purchase, and it lasts from January 22, 2018 to January 28, 2018. The second pre-ICO offers a 40% bonus and lasts from January 29, 2018 to February 4, 2018.
The public ICO will only run from February 5, 2018 to March 4, 2018. There is no apparent bonus at this stage, but consumers can use any platform to add to the investment made on the sale.
The Roadmap for ONZ Coin
To keep consumers and contributors in the loop, the company includes a roadmap. This roadmap details exactly where the creators are taking the company, and what they hope to eventually achieve. Unlike other companies, there is no date for the different goals. However, consumers should expect the following changes in this order:
- TESTNET Development
- MAINNET Development
- ICO Planning
- Launch of the ICO
- SM Integration
- Final product launch
Even with the details provided on the website, some consumers need to find out more information before they decide to invest. The customer service team does not have a phone number, since everything is virtual already. However, consumers can send an email to [email protected]
ONZ Coin Summary
The ONZ Coin platform is helpful to consumers that have a fairly active presence on their social media profiles. With greater activity, the consumer ends up with greater value in their tokens, which can be used across multiple websites interchangeably. There is no information to show when the product will be publicly traded, but consumers can invest early to cash in on the biggest bonus.