ONUS price

ONUS

#2961

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.

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.

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:

• IOS: https://apps.apple.com/us/app/onus-invest-btc-eth-doge/id1498452975

• Android: https://play.google.com/store/apps/details?id=com.vndc

ONUS Token is also available to purchase and trade on MEXC with Tether (USDT).