OneChain Founder: Former architect in Huobi, technical genius Kenny Huang
The founder of OneChain, Kenny Huang, has 20 years of R&D and management experience, he is extensively experienced in natural language processing, mobile social networking, mobile shopping, digital currency and exchange. He graduated from Wuhan University and studied under the well-known cryptographer Zhang Huangguo. He is one of the first students studying information security and cryptography in China. During college years, Kenny developed the first Chinese Text-to-Speech system. It is well-know that Exchange usually requires high level engineers, to work as architect for Huobi, you must not only have excellent professional technology, but also some insights in terms of product plan. In most cases, the entrepreneurs who worked previously at an Exchange might realize great achivements, for example, The CEO of Binance, Mr.Zhao changpeng, who used to work for OKEX, has built the Binance as one of the leading Exchange in the world, will Kenny Huang follow the Zhao's path, is it possible that the OneChain would become next Binance?
Kenny Huang and CEO of EOS
ONE Token: OneChain ecosystem circulation voucher
ONE token is OneChain network's gate pass, all the circulated value requires ONE token. For business users, OneChain has an Open Developer Platform for companies to plug into various Dapp. On the consumer side, thanks to its well-developed products, OneChain's "payment+trade+social media" three major activities may derive a great number of application scenarios and business models.
Business model for Consumer users (ONE DAPP):
Since that all the three functional modules: wallet, trade and social media are decentralized and operate on the blockchain, if users chat, transfer, place order or cancel order on the ONE Dapp, a certain amount of ONE tokens will be consumed.
- Payment: every transaction burns a small quantity of ONE tokens; a large amount of digital assets which are stored in ONE DAPP can help to build up several digital currency financing markets.
- Trade: placing and canceling an order, or trading digital assets all need to consume a small quantity of ONE tokens as transaction fees.
- Social media: all the information related to social media are stored on the blockchain. This requires points consumption which can be purchased by using ONE tokens. All the users will receive points from the system on a daily basis to carry out free chat, however spam is not permitted. The total amount of ONE tokens is decreasing every day because part of them will be spent on social media. Meanwhile, by combining various decentralized social media scenarios, ONE Dapp can also develop encrypted chargeable communities, knowledge payment services and e-commerce and among others.
Business model for business users (OneChain Open Platform):
- Open Platform services: when developers invoke OneChain interface, they need to burn a certain amount of ONE tokens as fuel.
- Payment: Blockchain applications link with OneChain wallet is similar to small merchants access to Alipay. All digital assets are running on the blockchain, therefore OneChain platform would become a giant digital currency financing platform, just like Yu'E bao and Ant Financial Services Group inspired by Alipay.
- Trade: A decentralized Exchange based on OneChain technology requires ONE tokens as a transaction fee for both trading partners. In addition, OneChain will also charge the cooperating parties a certain percentage of trading amount as commission fee.
- Mining: OneChain adopts Dpos consensus algorithm, to ensure the OneChain network's safety. The system will select nodes to undertake the mining and prevent the network from malicious attacks.
OneChain will launch series of marketing actions to acquire 1 million users within the next 3 months. Blockchain community product WellSpring has agreed to access to OneChain's wallet feature, it is expected that more enterprises and blockchain based applications will cooperate with OneChain in the future.
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http://app.onechain.one/appstart_en.html