This is the second installment of "Mars Finance · Editor-in-Chief's Time," where I engage in ongoing dialogues with pioneering blockchain projects and entrepreneurs. Regardless of industry debates on blockchain trends or cryptocurrency market volatility, I believe the ultimate criterion lies in whether blockchain projects forge genuine user connections and create tangible value.
Today's guest is Xu Ke, founder of ONO, a blockchain-based decentralized social network.
From Bitcoin Mining to Blockchain Entrepreneurship
- 2013: While studying in the UK, Xu Ke mined Bitcoin with classmates.
- 2014: Liquidated 20,000 BTC at low prices and ventured into blockchain startups, including social app ERA and blockchain game Cryptodogs.
- 2017: Founded ONO, announcing a bid for EOS’s 21 supernodes in March 2018.
Xu Ke’s next move involves developing the ONO Mainnet—a public chain based on EOS.IO—to build a decentralized value network ecosystem distinct from EOS. She emphasizes community governance as ONO’s strength, citing EOS’s immature mechanism design as a "BUG" ONO aims to fix.
The ONO Ecosystem: A Three-Tiered Value Network
- Foundation Layer: ONO Mainnet (decentralized infrastructure).
- Middle Layer: ONO SNS—the gateway integrating multi-currency wallets, decentralized communities, instant messaging, voting, and KYC.
- Application Layer: ONO incubator, DAC (Decentralized Autonomous Community), and DAPP clusters.
👉 Explore how decentralized networks redefine social interactions
Key Innovations
- ONO DAC: A self-governing body with 208 global volunteers and 51 super nodes, mitigating community splits via decentralized decision-making.
- Tokenomics: 200B tokens allocated to teams, 200B for ecosystem incentives, and 350B for investors. Annual inflation of 5B tokens ensures liquidity, with burn mechanisms triggered by community votes.
- Governance: "One person, one vote" DPOS with 51 nodes to reduce collusion risks.
Xu Ke’s Vision vs. EOS
| Aspect | EOS | ONO Mainnet |
|---|---|---|
| Governance | Centralized amendments | Community-driven DAC |
| Token Distribution | Early investor-heavy | User-centric, staggered releases |
| Node Design | 21 supernodes, high collusion risk | 51 nodes, anti-collusion measures |
Xu Ke argues: "Infrastructure like mainnets holds value only in early stages. By 2020, applications will dominate, and global public chain rivalries will crystallize."
FAQs
Q1: Why build a mainnet for a social DAPP?
A: ONO’s growth as a top DAPP grants it leverage to customize its public chain, avoiding reliance on external ecosystems like EOS.
Q2: How does ONO address content creator exploitation?
A: Tokenized rewards and reputation systems ensure creators profit directly from attention value, bypassing platform monopolies.
Q3: Will ONO’s SNS be decentralized?
A: While development is centralized, governance shifts to the DAC, with community votes dictating upgrades and resource allocation.
Q4: What’s the timeline for public chain dominance?
A: By 2020, Xu Ke predicts DPOS will evolve into more scalable solutions, with ONO positioned as a key player.
👉 Discover the future of decentralized social networks
Final Thoughts
Blockchain’s "landing" isn’t about physical-world ties but consensus-driven value. Xu Ke’s experiment with ONO DAC mirrors historical shifts—where decentralized governance meets hybrid models. As she notes: "China’s lack of voting traditions makes grassroots participation revolutionary here."
The battle for public chain supremacy is just beginning. Stay tuned for 2020’s reckoning.
Note: This article is an objective analysis and does not endorse any investment decisions.
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