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Forbes interviewed Xe Ke, a founder of ONO Social Network built on the blockchain.
Xu Ke said that whenever you start an adventure, it is all about pursuing the goal in life.
“ONO will operate in a democracy, which allows content creators to own their content and receive rewards.” - Xu Ke.
Chinese entrepreneur Xu Ke has an exceptional talent for numbers. In 2013, she has developed an interest in poker as an exchange student at the University of California. Although she was under 18 and was below the minimum gambling age in the US, Southern California casino allowed her to play due to her extraordinary skills.
In 2013, Xu Ke developed an interest in cryptocurrency and started as an early Bitcoin miner with her Imperial College classmates. During this time, she acquired the great knowledge of the decentralization culture and theory.
Xu Ke and her partner owned more than 50,000 Bitcoins at one point (Xu Ke personally owned more than 20,000). In 2014, she has sold all of her Bitcoin and returned to China to start the blockchain business with 4.8 million US dollars.
Now 24-year-old Xu Ke realizes that she sold too early at that time since the value of 20,000 bitcoins is close to $120 million, today in 2018. In 2016, after successfully creating and selling social app ERA, Xu Ke founded NOME TECH, a blockchain startup in Beijing which focuses on blockchain social network dApp and ecology.
Before starting the NOME TECH foundation, Xu Ke also founded successful blockchain decentralized game CryptoDogs. After seeing growing problems in which Facebook was dealing with personal data, Xu Ke began to focus on her other idea, a decentralized social network based on blockchain technology, where all user data is decentralized and the users are in the control of their data on the network.
ONO beta version launched in China on 15th of April and the international version followed in the late July, more than 3.45 million registered users in the first four months.
Xu Ke was inspired by the words of the creator of the World Wide Web, Tim Berners-Lee, as the reason for creating ONO. When Tim Berners-Lee invented the World Wide Web, his vision was to allow people to exchange information and knowledge freely. Internet was created for the people to exchange the information freely and it resulted in that currently, top ten tech companies are making a profit by selling personal data.
Xu Ke states: “Everyone has the right of own their personal data, this is where the value of the blockchain lies for the people. ONO, the world’s largest decentralized social network will not sell personal data of their users.”
Currently, ONO APP is available to download on GooglePlay and Apple AppStore and it can be additionally accessed through the web browser.
Early in June, Grand Shore Fund and South Korea KIP jointly invested 10 million US dollars in ONO. Xu Ke said that ONO will also carry out offline advertising promotions and other cooperation with major brands in the future.
ONO headquarter is located in Beijing with 76 employees, another 15 employees work remotely and it has more than a thousand volunteers worldwide.
ONO operates in democracy, in which content creators own their content and receive ONOT token rewards for their content creation. Xu Ke believes that democracy will be achieved through a reward system in which valuable content creators get rewarded by the community.
Xu Ke believes that ONO will become the number one social network. “I want to create something more valuable than money, and I want to create something that can have a long life.” - Xu Ke.
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