ONUS ONUS
About
What Is ONUS?
Launched in March 2020, ONUS is a cryptocurrency investment application. After 18 months of deployment and improvement, ONUS is now one of the most used digital assets investment applications in Vietnam, with more than 3 million users and a complete ecosystem of investment products. ONUS focuses on new entrants to the cryptocurrency market by developing user-friendly, secure digital financial investment solutions that everyone can use.
Aside from being one of the top digital assets investment applications in Vietnam, ONUS has launched a whole ecosystem of functionalities for its users. ONUS Chain is a high-performance, scalable, EVM-compatible, and secure smart-contract platform built on BNB Application Sidechain (BAS). It’s a friendly platform with a familiar interface accessible to all developers and users with low entry costs and gas fees. ONUS Chain aims to become “A blockchain for mass adoption of DeFi and Web 3.0.”
How Many ONUS Token Are There in Circulation?
ONUS is the native token on the ONUS Chain. ONUS is used to secure the network through validators’ staking, governance, payments, and transaction fees. ONUS acts as both a utility token and a governance token of the ONUS ecosystem.
According to the new tokenomics released on October 8th, 2022, the mainnet circulating is 40,106,390 ONUS of 97,106,390 ONUS. The community will own 33.06% of the total supply, 5.15% is distributed through a strategic funding round to generate capital for ONUS Foundation, 25.74% is allocated for ONUS Chain Ecosystem & Community Development Fund, 20.6% is allocated for ONUS Foundation, 10.3% is allocated for ONUS Core Team, and 5.15% will be reserved for ONUS Advisors & Employees
Securing the network: The main utility of the ONUS coin on ONUS Chain is to secure the network via a Proof-of-Authority system. Besides preventing centralization, the system is also environmentally friendly.
On-chain governance: ONUS is needed for on-chain governance. Because ONUS Chain is a fully permissionless and leaderless decentralized ecosystem, any decision regarding the network is carried out by on-chain governance. With governance, stakers can propose and vote for changes and improvements. ONUS is the governance token required to participate in the voting process.
Network Fees: ONUS is used for transaction fees and costs associated with the deployment of smart contracts or the creation of new networks. On ONUS Chain, fees are inexpensive but sufficient to make it extremely expensive for malicious attacks to be carried out. On ONUS Chain, money transfers take around 1 second and cost about 50 Gwei.
How Is The ONUS Chain Network Secured?
ONUS Chain's Mainnet is built on the Proof of Stake Authority (PoSA) consensus mechanism. As a result, ONUS Chain offers fast transaction speeds, low transaction costs, and deterministic finality, which means that transactions can hardly be reverted like other networks. This is achieved while remaining decentralized and open source.
ONUS Coin audit is performed by CertiK's professional engineer team through careful and thorough analysis and comments to reduce the risk of ONUS being hacked or using errors to affect the token price.
ONUS Chain team always continues to upgrade and improve ONUS for better protection with the help of top cybersecurity companies like CyStack.
Where Can I Buy ONUS Coin (ONUS)?
ONUS can now be swapped between supported tokens on MiaSwap, the first decentralized exchange on ONUS Chain ecosystem.
Besides, ONUS is available on ONUS application, with ONUS/VNDC and ONUS/USDT trading pairs. Users can download the ONUS app and proceed to purchase ONUS tokens:
More Info
What are the Daily Bounty Card Combo Codes of the Day for 28-29 Nov 2024?
[Daily Combo Codes of the Day for 28-29 Nov 2024] (https://coinmarketcap.com/academy/article/todays-onus-tap-tap-tap-daily-code)
AI Analysis
What is the ONUS (ONUS) cryptocurrency good for? What are its main use cases?
ONUS (ONUS) is a cryptocurrency that is part of a broader financial ecosystem aimed at enhancing digital asset management and facilitating cryptocurrency transactions. Here are some of its main use cases:
Digital Asset Management: ONUS can be used for managing a variety of digital assets, allowing users to trade, hold, or stake their cryptocurrencies in a decentralized manner.
Transaction Fees: Users can utilize ONUS to pay for transaction fees within platforms that support it, potentially providing reduced fees for holders.
Reward Programs: Some platforms might offer incentives or rewards for users holding or using ONUS, increasing its utility within certain ecosystems.
Decentralized Finance (DeFi): ONUS may be integrated into various DeFi applications, providing users with opportunities for lending, borrowing, or yield farming.
E-commerce Payments: As cryptocurrency adoption grows, ONUS could be used as a form of payment for goods and services in e-commerce platforms that accept it.
Token Economics: ONUS might be utilized in staking and governance, allowing holders to participate in the decision-making processes or to earn rewards for securing the network.
Cross-Border Transactions: Like many cryptocurrencies, ONUS can facilitate fast and cost-effective cross-border money transfers.
It's essential to check the latest updates and developments from official sources or white papers to understand the full scope of ONUS’s capabilities and use cases, as they can evolve over time.
What blockchain does ONUS use? Is it its own blockchain or built on top of another?
ONUS operates on its own blockchain. It was developed to provide a platform for various financial services and applications, particularly focused on the cryptocurrency and digital asset markets. While it may utilize elements and technologies from existing blockchain protocols, ONUS has its own distinct infrastructure tailored to its use cases.
Is ONUS programmable? Does it support smart contracts or decentralized applications?
As of my last knowledge update in October 2021, ONUS is a cryptocurrency and a blockchain platform that primarily focuses on providing a user-friendly way to buy, sell, and manage digital assets. However, I do not have specific details on whether ONUS supports programmability, smart contracts, or decentralized applications (dApps) beyond that date.
For accurate and latest information, I recommend checking the official ONUS website or their community resources to see if they have introduced features like smart contract support or other programmability aspects since my last update.
How fast are ONUS transactions? What is the typical confirmation time and throughput (transactions per second)?
As of my last knowledge update in October 2023, ONUS is a digital asset platform that facilitates various blockchain-related transactions, including trading, staking, and more. However, specific transaction speeds, confirmation times, and throughput can vary widely based on the underlying technology used, network congestion, and other factors.
Typically, confirmation times for transactions on many blockchain platforms can range from a few seconds to several minutes. For example, Bitcoin transactions can take around 10 minutes on average, while transactions on Ethereum can be confirmed in about 15 seconds, depending on network conditions and gas fees. More specialized blockchains or Layer 2 solutions may offer much faster transaction times.
As for throughput, it is often measured in transactions per second (TPS). Most well-known blockchains have varying TPS capabilities. For example:
- Bitcoin: Around 7 TPS
- Ethereum: Approximately 30 TPS (before scaling solutions)
- Solana: Up to thousands of TPS under optimal conditions
To get accurate and up-to-date information specific to ONUS, including its transaction speeds and capacities, I recommend checking their official documentation or website since these metrics can change with updates or enhancements to the platform.
How much data can I store on the ONUS blockchain? Does it support on-chain data storage?
The ONUS blockchain, like many other blockchain platforms, has certain limitations and design considerations regarding on-chain data storage. Generally, blockchains are not optimized for storing large amounts of arbitrary data due to constraints on block size, transaction fees, and the overall efficiency of the network.
Typically, information stored directly on a blockchain should be kept minimal, often involving small pieces of data such as hashes, tokens, or essential transaction information. For larger datasets or files, it’s common to use solutions such as IPFS (InterPlanetary File System) for off-chain storage, linking the data back to the blockchain through hashes or references.
If you're looking for specifics about the ONUS blockchain regarding its capabilities for on-chain data storage—such as block size limits or specific intended use cases—I would recommend checking the ONUS documentation or community resources, as these details can vary and may have been updated since my last training data in October 2023.
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