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What is ONUS (ONUS)?

ONUS is a cryptocurrency investment app, which has become one of the most widely used digital asset investment applications in Vietnam. The application offers an extensive array of investment products. ONUS is mostly dedicated to newbies in the crypto world. Thus, it provides user-friendly and safe digital financial investment solutions that anyone can utilize.

ONUS has rolled out an entire suite of features for its users, one of which is the ONUS Chain. It is a secure and efficient smart contract platform that works with Ethereum Virtual Machine (EVM) and is based on BNB Application Sidechain (BAS). Besides, note that the ONUS Chain employs the Proof-of-Staked-Authority (PoSA) consensus mechanism. It allows the network to make fast, low-cost and quickly finalized transactions.

The ONUS token is the native utility and governance token of the platform. On the ONUS price chart above, you can see the live ONUS price along with its recent movements.

Use Cases of ONUS Tokens

The ONUS coin is used to ensure the safety of the network through the PoSA system, which not only prevents centralization but also contributes to environmental sustainability.

Also, the ONUS crypto asset is utilized to cover the expenses related to the execution of smart contracts or the making of new networks. However, ONUS Chain offers affordable fees while simultaneously being sufficiently expensive to make it impossible for harmful activities to occur.

Finally, on-chain governance is an essential thing for ONUS Chain. Thus, the blockchain allows ONUS stakers to suggest changes and improvements through a voting process. Besides, stakers get rewarded in ONUS tokens for contributing to the network.

Don't forget to check the current and the previous ONUS price. It will help you make better purchasing or trading decisions.

Who Founded ONUS?

ONUS was founded by the ONUS Foundation. The latter is a group of programmers and experts with many years of experience developing blockchain products across all technology platforms. With a mission to improve lives for all, the ONUS Foundation takes steps to create accessible and innovative technology products for the mass market.

The team is led by Chien Tran, CEO of ONUS. He has a decade of expertise in constructing and growing technology products.

Tung Vu, CPO, is another leading team member. He brings more than ten years of knowledge in software development and distributed system building.

Hieu Tran, CTO of ONUS, has over six years of experience with blockchain and security systems.

ONUS Tokenomics

The total supply of ONUS tokens is capped at 100 million. 33.06% of the supply was dedicated to the community, 5.15% was distributed in a strategic funding round to raise capital for the ONUS Foundation, and 25.74% was allocated to an Ecosystem & Community Development Fund. Moreover, 20.6% went to the ONUS Foundation itself, 10.3% was set aside for the core team, and 5.15% was reserved for advisors & employees of ONUS.

The fixed token supply makes the asset more scarce. This might reflect positively on the ONUS price in the future.