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About ONUS
Key Points
- Launched in March 2020, ONUS is a cryptocurrency investment application with over 3 million users in Vietnam.
- ONUS Chain is a high-performance, scalable, EVM-compatible, and secure smart-contract platform built on BNB Application Sidechain (BAS).
- ONUS token is used for securing the network, on-chain governance, and payment of transaction fees.
- There are 97,106,390 ONUS tokens in total, with 40,106,390 in circulation.
- ONUS Chain’s Mainnet is built on the Proof of Stake Authority (PoSA) consensus mechanism, offering fast transaction speeds and low costs.
- ONUS
About ONUS: Empowering a New Era of Digital Assets
Introducing ONUS: A Revolutionary Digital Asset
Launched in March 2020, ONUS has established itself as a pioneering cryptocurrency investment application. Following 18 months of rigorous deployment and refinement, ONUS has emerged as one of Vietnam’s most popular digital assets investment platforms, boasting a user base of over 3 million and a comprehensive ecosystem of investment products. By developing intuitive, secure digital financial investment solutions, ONUS is dedicated to democratizing access to the cryptocurrency market, making it accessible to everyone.
Beyond its reputation as a leading digital asset investment platform in Vietnam, ONUS has unveiled a comprehensive ecosystem of functionalities for its users. Notably, ONUS Chain has emerged as a high-performance, scalable, EVM-compatible, and secure smart-contract platform, built upon the BNB Application Sidechain (BAS). This user-friendly platform boasts a familiar interface, accessible to all developers and users, while offering low entry costs and gas fees. Ultimately, ONUS Chain aspires to become the go-to blockchain for the widespread adoption of DeFi and Web 3.0.
The Circulating Supply of ONUS Tokens: A Closer Look
At the heart of the ONUS Chain lies its native token, ONUS, which plays a multifaceted role in maintaining the integrity of the network. Through validators’ staking, governance, payment processing, and transaction fees, ONUS serves as both a utility token and a governance token, empowering the ONUS ecosystem.
According to the newly unveiled tokenomics on October 8th, 2022, the mainnet’s circulating supply consists of 40,106,390 ONUS, out of a total of 97,106,390 ONUS. Notably, the community will hold a significant 33.06% stake in the total supply. Furthermore, 5.15% has been allocated to a strategic funding round to generate capital for the ONUS Foundation. Additionally, 25.74% is earmarked for the ONUS Chain Ecosystem & Community Development Fund, while 20.6% is reserved for the ONUS Foundation. The ONUS Core Team will retain 10.3%, and 5.15% will be set aside for ONUS Advisors & Employees.
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The ONUS coin plays a pivotal role in securing the ONUS Chain network through a Proof-of-Authority system, which not only prevents centralization but also boasts an environmentally friendly approach.
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On-chain governance is another key utility of ONUS, as it enables stakeholders to propose and vote on changes and improvements within the fully permissionless and leaderless decentralized ecosystem of ONUS Chain. As the governance token, ONUS is essential for participating in the voting process.
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Furthermore, ONUS is utilized to cover transaction fees and costs associated with deploying smart contracts or creating new networks on ONUS Chain. The fees, although inexpensive, are sufficient to render malicious attacks prohibitively expensive. Notably, money transfers on the network are remarkably swift, taking approximately 1 second, and incur a cost of around 50 Gwei.
Securing the network: The primary utility of the ONUS coin on ONUS Chain lies in its role in safeguarding the network through a Proof-of-Authority system, which not only prevents centralization but also boasts an environmentally friendly design.
On-chain governance: The pivotal role of ONUS in decentralized decision-making is underscored by its necessity for on-chain governance. As a fully permissionless and leaderless decentralized ecosystem, ONUS Chain relies on this mechanism to facilitate network decisions. Through governance, stakeholders are empowered to propose and vote on changes and improvements, with ONUS serving as the requisite governance token for participation in the voting process.
Network Fees: ONUS is utilized to cover transaction fees and costs incurred during the deployment of smart contracts or the creation of new networks. Notably, fees on the ONUS Chain are reasonably priced yet substantial enough to render malicious attacks prohibitively expensive. Furthermore, the network boasts impressive transaction speeds, with money transfers typically taking around 1 second and incurring a nominal cost of approximately 50 Gwei.
The Security Architecture of the ONUS Chain Network
ONUS Chain’s Mainnet is founded upon the Proof of Stake Authority (PoSA) consensus mechanism, thereby facilitating rapid transaction speeds, minimal transaction costs, and deterministic finality, which ensures that transactions are virtually irreversible, unlike other networks. This trifecta of benefits is achieved while maintaining a decentralized and open-source architecture.
The ONUS Coin undergoes a rigorous audit process, meticulously conducted by CertiK’s team of seasoned engineers, who employ a thorough and meticulous analysis, providing constructive feedback to mitigate the risk of potential security breaches and errors that could impact the token’s value.
The ONUS Chain team persistently strives to elevate and refine ONUS, ensuring enhanced security through strategic collaborations with esteemed cybersecurity entities, such as CyStack.
Acquiring ONUS Coin (ONUS): A Comprehensive Guide to Purchasing Options
ONUS can now be seamlessly exchanged between supported tokens on MiaSwap, the pioneering decentralized exchange within the ONUS Chain ecosystem.
In addition to its widespread availability, ONUS can be accessed through the ONUS application, which features ONUS/VNDC and ONUS/USDT trading pairs. By downloading the ONUS app, users can seamlessly purchase ONUS tokens.
Discover our iOS app:
https://apps.apple.com/us/app/onus-invest-btc-eth-doge/id1498452975
Discover our Android app:
https://play.google.com/store/apps/details?id=com.vndc
The ONUS Token is now accessible for purchase and trade on MEXC, paired with Tether (USDT), thereby expanding its market presence.