At 10:47 AM UTC on July 26, ONUS completed the Launchpad subscription format for ONUS Name Service (ONS) after nearly 4 hours of subscriptions. ONUS closed the Launchpad subscription portal and allocated tokens to all investors. The details of the allocation are as follows:
Allocation details:
- Launchpad amount: 17,500,000 ONS
- Launchpad ends at 10:47 AM UTC on July 26
- VNDC Launchpad Pool:
- Launchpad Hard Cap: 14,000,000 ONS
- Public Sale Token Price: 1 ONS = 285 VNDC
- Total number of participants: 690
- Total amount of VNDC submitted to buy ONS: 3,989,818,857 VNDC
- ONUS Launchpad Pool:
- Launchpad Hard Cap: 3,500,000 ONS
- Public Sale Token Price: 1 ONS = 0.03 ONUS
- Total number of participants: 190
- Total amount of VNDC submitted to buy ONS: 104,960.02 ONUS
Congratulations to the investors who purchased ONS at the Launchpad price. Congratulations to ONUS Name Service for a successful token sale program, attracting community attention, and outstanding Launchpad achievements.
At 9:00 AM UTC on July 28th, the system will directly send ONS to your ONUS account (you do not need to claim tokens). You will receive 50% of the purchased ONS. After 30 days from this day, the remaining 50% of Launchpad tokens will be linearly vested every 3 seconds for the next 90 days.
Listing and enabling features for ONS
Starting from 8:00 AM on July 28th, users can perform the following features:
- Listing ONS on the ONUS application.
- Enabling Off-chain, On-chain, Trade, and P2P trading.
About ONUS Name Service and Token ONS
ONUS Name Service (ONS) is the first distributed, open, and extendable naming system on the ONUS Chain, providing decentralized digital identity and ownership to domain holders.
The function of ONS is to convert names that can be read by humans, such as “team.onus,” into names that can be read by computers, including EVM-compatible addresses, addresses for other cryptocurrencies, content hashes, and metadata. With the use of ONS’s “reverse resolution” feature, it is also feasible to link ONUS Chain addresses to metadata like canonical names or interface descriptions.
However, because of the possibilities offered by the ONUS Chain, ONS has a fundamentally different design from DNS, the Internet’s Domain Name System. Similar to DNS, ONS uses a system of domains – dot-separated hierarchical names – in which the domain’s owner has complete control over its subdomains.
Top-level domains, such as “.onus,” are controlled by smart contracts known as registrars, which also define the policies dictating how their subdomains are distributed. Anyone can get domain ownership for their own use if they abide by the restrictions imposed by these registrar contracts. Additionally, ONS allows users to import their existing DNS names for use with ONS. Because ONS is hierarchical, anyone who controls a domain at any level may set subdomains as desired, either for themselves or for others.
ONS is the native token of the ONUS Name Service platform that empowers its holders with the following utilities:
- Used to register and extend the domain registration period.
- Used to join auctions by placing bids.
- Used as the reward for the referral program.
- Used as the staking reward.
- Used in ONS DAO Voting.
Specification
- Name: ONUS Name Service
- Ticker: ONS
- Platform: ONUS Chain
- Token type: Utility
- Total supply: 50,000,000
Note: ONUS Launchpad is the platform to support projects with their first token sale to the community. Every project goes through an appraisal process from ONUS, ensuring users can access quality projects. However, due to the nature of the market, ONUS will not be liable for any property loss. Investors please learn carefully, make sure you understand the risks, and be cautious when investing.
