Karya Baru di Dunia Maya: ONZ Coin connects the world community And bridging the real-world people life

The use of current communication media facilities has grown so rapidly in line with the advancement of communication technology, where users are faced with many options that to be able to convey / access information and communicate both through conventional type of print and electronic. As we altogether know that technology is developed and always developing, improvement in any aspect such as also sport, education, art, social environment, and most of human activities are touched with technology including communication media.

There are various type of communication media both printed and electronic such as mass media, telecommunication, and social media itself. Printed and radio media is a communication media that has been long existed, followed by television and network including interne in around end of 20^th century. But the most developed one among them is social media supported by internet which is specific part of electronic media. Nowadays, this social media which is addressed as an on-line media which can provides conditions to its users to be able in easily participation, sharing and create a paper, article or video in various manners. The most often used of social media by people now is social networking which can allows them to create personal web pages and networks, connecting with friends and community to share information and communicate each other between them.

The ease of social media just only requires ownership or presence of smartphones with internet data, anytime and anywhere. The most interesting thing of the activity in social media is the abundance of information relating to user activities, both personal and group.

Social media also can serve the users for freedom to create messages, edit them, add messages or posts, modify posts, images and video, graphics and so on. All can be done by user himself practically, easily and with in-expensive without the help of others. This is the reasons why social media now can grow so rapidly. For this situation, there is a team who has great idea and really observant in seeing the opportunities of social media, joined together in ONZ to create ONZCoin.

As quoted from the website through this link https://www.onzcoin.com/#how-it-works, it is known that ONZ team strongly believes nowadays the social interactions are a fundamental human need. However there is a problem impacted by this social media by facing a crisis of separation arising from differing ideals in politics and ideology. Through social media, it is easily people turn against each other that can lead to distrust and loneliness. But ONZ team believes that the problem can be potentially reduced with the using of technology appropriately. The aspiration of ONZ team to find solution of the problem is based also on the fact of social media usage recently are so well established, they presented some figures of social networks in 2017 as below :

· Global users: 2.8 billions

· Advertising revenue: 41 billions (USD)

· Time spent: 2 hours and 19 minutes (daily)

· Snapchat hits: 10 billion daily video views

· Social media ad spend surpasses TV

Further will be presented about ONZCoin to know more it contribution and role to community life in social media.

Who And What Is ONZ Coin?

As aforesaid that ONZ team departs from social media situation recently which has influenced the world community. As says in ONZ white paper, this team see social media has aims to connect people and community but ONZ team find a number of less good reports of this social media suggesting that the more time people spend on social media then this people chances of feeling socially isolated can be increasing twice. Because of that, ONZ team hope to reduce that report and even if possible to increase the benefits of.

It can be seen from ONZ website : https://www.onzcoin.com/#team, persons who joined in ONZ team who believer in quality, they consist persons who has dedicated, skilled and intelligent person. It is better to know each key person on the team to increase knowing of this team better then the trust to the product can be increased also.

Generally, ONZ team consist of Developer, IT expert including Blockchain Technology, crypto-social expert and marketing expert for various area. Here they are :

1. Mars Yau - Co-founder | Developer, diverse experienced more than 20 years in software development and IT services and related with community and social media.

2. Kan Wong - Co-founder | Developer, experienced in IT and related with financial industry for more than 20 years.

3. Jan Veldhuis - Advisor | Blockchain Technology, he is also the founder of OXYCoin, a blockchain expert and entrepreneur. Jan has succeed for previous other cryptocurrency such as Lisk, ShiftNrg, Rise and Ark.

4. Scott Lindh (scottie) - Developer | Crypto-social, active in crypto trading cryptocurrency and experienced as key team member of several cyprocurrency.

5. Karek - Technical Advisor | Blockchain, is a full stack engineer, crypto/blockchain evangelist started from 2010, and focus-driven coder with 20 years of experience.

6. Kevin Ip - Creative | UX/UI Expert, experienced as a designer and branding consultant including corporate communications, website and mobile apps design.

7. Binqiting (Li Hui) - Manager | Asian Market, expert in business development specially in China. He also has involved in a range of cryptocurrency projects and crypto-related services, including OXY, LWF, ETHLend, Monetha, Tie.Networks, B2BX & ICOBOX.

8. Edson Ichihara - Manager | American Market, he has been active in cryptomarkets since the beginning of 2015 also a support manager of OxyCoin, LWF and Gelios.

9. Li Hua - Specialist | Asian Market, experienced in cryptocurrency mining, a member of China LISK group and also worked as support manager of different crypto communities.

10.Terry Leung - Developer | Web/Mobile, is a software engineer specializing in online applications and mobile app development for more than 15 years.

11.Zeben Rodriguez - Communications | Europe Market, he is a financial analyst for around 21 years experience in traditional stock markets and more than 2 years in cryptomarkets.

12.Haruki - Communications | Japan Market, is a cryptocurrency investor, actively participating in the market with a passion for investing, trading and social-networking.

From above list, seems the key personnel of ONZ team can be trusted as experienced and possess expertise in their each field. Product which is being created by them surely will appear in good quality, this will be a strong reference for users to invest in their products created.

This ONZ team at least expect that their minimum achievement is this ONZ idea could be a critical starting point of social media based on token. Their expectations are coming from belief of the power of social media and the effort also the time spent by people on social media and community network can actually become a real asset to power the world and society. There will be a transformation brought as result of three factors as follow :

1. capability of Delegated Proof-of-Stakes (DPOS) technology which is capable of reliably confirming transactions in 15 seconds which beats the 10 mins per transaction by Bitcoin, or 40 times faster on average as described in the whitepaper.
2. blockchain architecture they are developing
3. Initial Coin Offering (ICO) community.

From ONZ team point of view there is a gap between social media and people interacting in the cyber world and real face-to-face interaction. Hence the team aim to build a real-time real space token based social media community to bridge that gap. Through this ONZ, the team expect to restore the connectivity breakdown in world society and also raise awareness on the problem by a solution they are trying from ONZ.

ONZ word itself actually as the team found and presented on their whitepaper is a succinct term used in certain south-east Asian countries to represent a positive and definitive acknowledgement of a task, appreciation or an appointment. Refers to that term then team name the project as ONZ in order to be able to recognize the value of each other and to acknowledge what others do in real life. It can be observed from social media usage that the most common action of appreciation in social media is liking someone's post such as sharing of beautiful pictures or nice sentences. Then it is arisen main idea of the team as a solution of this social media by transforming a simple "like" into an action and from an action into a value. This transforming is a most principle of how ONZ work for social media.

Onzcoin actually is not a social media platform but ONZ will integrate multiple social media such as Facebook, Twitter etc and get the user’s data, then evaluate their information and rewards them with token. Similar scheme for better understanding that ONZ is a bit like Steemit, people can get rewards by posting good article. But current scheme is too centralize and can easily be cheated. Hence ONZ use decentralized blockchain to store the value of social media users.

ONZ itself is forked from Lisk, but not running on Lisk. Reason to choose DPOS into ONZ since DPOS coin provide good HODL value, because all coin owners can earn extra coins by voting rewards sharing pool or become an active delegate.

Later to be presented and described more detail about ONZ technology.

Timeline and Roadmap of ONZ Project

To realize the idea of ONZ, team has formulated the time required and the stages of what should be performed. ONZ team had studied cryptocurrency technology and blockchain networks to be able for integration with social media on 2016. ONZ team launched a few internal proof of concept projects on a POW/POS ALT coin platform with social media smart contracts that result to the proved of feasibility of the concept. Continued In 2017 summer, ONZ team decided to integrate the concept with a better (the latest) DPOS consensus algorithm cryptocurrency technology and confirmed the roadmap to kick off the social media based coin aka ONZ coin.

As time formulation created, there 4 stages with 6 phases to be executed. Each stage and corresponding activities are illustrated in the diagram below :

Each phases and stages of the project timeline are describing as following :

· Research - The studying phase that ONZ team has put a lot of effort into searching for the best blockchain solution, from the architecture of each blockchain down to coding level details. The best solution should have suitable functionalities to meet the platform requirements. ONZ team believes that their research is completed and the outcome as solution is positive that is the DPOS based blockchain. POC - ONZ team has been focusing on how to utilize DPOS blockchain and how much the software could be customized to fit ONZ platform. ONZ team has spent a lot of time on POC coding to make sure the DPOS fork is capable ONZ team has set up a private TESTNET to test the customized blockchain. The test result is promising and the team believes the POC phase is a success and confirmed ONZ project could proceed with the technology.

· TESTNET Dev - ONZ team is now working on to take the private TESTNET to the next level by opening it to the public, this can be referred to ICO arrangement section for the details on how to join the TESTNET. ONZ team believes that it is essential to allow an individuals who have the same view with ONZ team to participate.

· MAINNET Dev - That development phase will undergo in parallel with the ICO Planning phase as they are dependable. The MAINNET go-live will be determined by the outcome of ICO result.

· ICO Planning - Current stage of ONZ team mainly focusing on announcing this project to the public for ICO.

· ICO - Initial coin offering phase, please refer to the ICO arrangement section for more details.

· SM Integration - Social media integration phase is the next big step ONZ team would like to make after the success of ICO. The integration includes both software development (ONZProbe/ONZScale etc) and building up the partnership with the individual social media platform.

· Development 1 - This phase comes after SM Integration to push MAINNET into the full end to end functional stage. It is to make sure the SM integration functionalities work on MAINNET, and launch the functionalities to selected pilot users.

· Development 2 - The contingency development phase picks up outstanding / bugs / missing pieces from the pilot testing phase, which aims to reserve resource on development to round up stage 3 system functionalities.

· Development 3 - At this stage of development before the final stage, optional software component (e.g. ONZScale comment based weighting algorithm, digital asset stamping algorithm) and value added functionalities could be included in this phase to put ONZ platform into the final stage.

How excellent is the ONZCoin?

As discussed above specifically about ONZCoin, we have known what and who is ONZ and also the timeline to actualize this idea. With ONZ team creation and innovation, they finally have a solution that can guarantee users the simple comfort of usage. That special services provided only and most possibly the pioneer by ONZ, currently it can’t be found anywhere else. The special services of ONZ is coming from the proved technology of blockchain and also excellent idea of the team. It is necessary to know technology scheme used by ONZ in order to be more convincing our self how reliable and how excellent the idea developed by the team.

The main idea of ONZ as preserved aforesaid is to integrate social media platforms with DPOS blockchain technology to transform appreciation on social media platforms into ONZ cryptocurrency network as a transferable token. The value of the ONZ token will depend on how the community recognizes it in terms of real value. ONZ is transferable if someone wanted to send ONZ to others as appreciation in real life. The value of ONZ token will be primarily based on the trust in the community and the system will consist of the following 6 (six) components:

1. ONZNet – DPOS crypto backbone

2. ONZCoin - Social Value Unit

3. ONZProbe - Social Media Adaptor

4. ONZScale - Social Media Weighting Bot

5. ONZStamp - Social Asset Stamping Bot

6. ONZWallet - Digital Wallet

Each of the components as quoted from ONZ whitepapers are described as following :

1. ONZNet- DPOS crypto backbone

The backbone of the platform which takes care of all of the transactions with DPOS blockchain technology, which is the fastest, most efficient, most decentralized and flexible model. The fee, schedules of blocking forging, and transaction size could be tuned via elected delegates. The top 101 delegates determined by the voting weight of voters are actively forging and securing the network. The DPOS network can average forges blocks at around 10s intervals which is much faster than POW/POS based blockchain and DPOS network also is very hard to be dominated by CPU power. The forging party will be rewarded by a certain amount of ONZCoin which comes from the transaction fee of the platform user. The ONZNet consists of TESTNET and MAINNET, please refer to the ICO arrangement section for the details on how to become a participant of ONZNet.

2. ONZCoin - Social Value Unit

The value carrier throughout the platform. The value of ONZCoin varies with the recognition and level of trust of the whole community. It is not in a physical form but it exhibits properties similar to physical currencies and allows instantaneous transaction and borderless transfer of ownership. Potentially, depending on how the community receives the platform, ONZ team hopes to see an ONZ social value coin would be used to buy physical goods and services one day. ONZCoin aims to model the weighting of an individual in social media, which is primarily based on the following four measures: Active, Recognition, Influence, Asset. Further description can be elaborated at this link : https://www.onzcoin.com/assets/files/onz_whitepaper.pdf

3. ONZProbe-Social Media Adaptor

ONZProbe is the key component that 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 also a key part the team needs to bear with in aiming to obtain social media buy-in for the integration. ONZProbe technically will be built for each social media platform, and the component will normalize the data and feedback to ONZScale, the Social Media Weighting Bot for evaluation of individual social value. The primary use case is a user to grant permission to ONZProbe to access their social media data and for historical posts.

4. ONZScale - Social Media Weighting Bot

ONZScale is the second most important subproject which ONZ team will be focusing on. The algorithm needs to be developed to evaluate the data feed from ONZProbe on an individual. In order to quantify the social media weight of the individual which is very important because that weighing will be transformed into a certain amount of ONZCoin. The algorithm could be based on the normalized social data, the current value of ONZCoin, the ONZNet’s performance and the recognition of service partners.

5. ONZStamp - Social Asset Stamping Bot

ONZStamp is a component ONZ team would like to have in order to digitize social media assets and to verify whether a post is original or not. ONZ team is promoting social media copyrights but technically the team need a way to distinguish original and reposted content in order to evaluate it with different weighting. It is still a very abstract idea from the implementation but it will be factored into ONZ development roadmap.

6. ONZWallet - Digital Wallet

The wallet is how everyone in the community keeps their own ONZCoin. Each wallet has a unique address which basically is the identifier in the network. It is just like a bank account number, all transactions are from/to an individual’s ONZWallet address. ONZ team already has ONZWallet ready and is actively testing it in ONZNet TESTNET. Currently, there are a number of ONZWallet versions which can be run on different mobile and computer platforms. ONZWallet is a software wallet which is very secure but it also has the same disadvantages as a digital wallet, the loss of credential and amount transferred to wrong address is unrecoverable. ONZ team has also planned a hardware wallet in the development roadmap, subject to the overall project outcome and success.

So, above 6 components of ONZ that can realize the purpose of team and also can be known how this ONZ serve social media users for real benefit for their life.

Project Execution through ICO

To execute this project, team are preparing fund for project expense. By this ONZCoin then the project can be executed smoothly to give benefit for social media users and also to drive social media to be more positive thing in human life of world society.

It is very useful and good to support this project in the ICO participation organized by the ONZ team. Related with this ICO, author will present in general because in detail can be found at this link https://www.onzcoin.com/#pricing and also ONZ whitepaper.

The ONZ team provide opportunity to public who are interested to participate in this project by supporting from the public culminating in an ICO, while the ICO itself is divided by team into 2 phases :

1. Early supporter phase

2. Public offering which is immediately afterwards

In general, the ICO arrangement are as below graph :

The arrangement also provide below information :

· Minimum Threshold - The minimum amount of value ONZ team needs to have to take this ONZ project forward and consider the ICO to be succeeded. The minimum threshold is 100 BTC, the amount that will cover the costs from P1 to

P3.

· Target - The target amount of the ICO is 500 BTC, which enable ONZ team to take the project forward from P3 to P4 for launching MAINNET and further from P4 to P5 for initial SM Integration works.

· Hard Cap - The ICO with the ceiling of 1200BTC is confirmed. This is to ensure that those who sent BTC receive a certain amount of ONZCoin after the end of the ICO. The ICO will be closed as long as the ceiling has been reached and no

more participant will be taken from that point.

· Underlying Coin supported - ONZ team will accept BTC, BCH, LTC, ETH, SHIFT, LISK, RISE and ARK. And the value of the tokens used will be averaged across the period of ICO period. The average value will be calculated by picking the value of each multiple times a day using Coinmarketcap API.

· Price per ONZCoin - The price of ONZCoin will depend upon the amount raised during the ICO as long as minimum threshold has been reached. For the details of the calculation and examples please refer to the distribution calculation

section.

There is calculation scheme prepared by ONZ Team, to understand better of this calculation also presented 3 (three) scenario as a description of this calculation. Further information can be obtained in their whitepaper.

Fund Management Planning

Team will manage the plan through 2 (two) scheme, the first is ONZCoin Distribution and the second is Outcome of the ONZ selling by raising fund to be distributed as called Outcome Distribution.

Here is below general description of fund management planning of ONZ team :

1. ONZ Distribution

The total population of ONZ at the pre-mined stage is 180,000,000 ONZ. As one of the purposes of ICO, ONZ team would like to get extra support to fund the project. So the only portion of the total population 135,000,000 ONZ (75%) will be offered in ESP and ICO. The rest of it will be reserved for the project. The distribution is shown as below:

2. Outcome Distribution

ONZ Team has planned to manage the fund raised by ICO as ICO outcome, outcome will be distributed to support the project including marketing, operational cost, support for the development, reserved for contingency and founders. In graphical view, the Outcome Distribution can be presented as below :

As outlined above that this project is a penetration to drive social media user into realization in society life in the whole world, it can be expected that trend of social media usage by world community can become better und useful meaning.

Further information can be referred to below link :