ONUS Name Service (ONS) is the next project distributed to the community through the ONUS app platform. Unlike previous sale events where users registered to purchase tokens through ONUS Launchpad, the community now has the opportunity to own ONS tokens completely free by participating in Launchpool.
What is Launchpool?
Launchpool is a method that allows users to stake ONUS or stablecoin and receive project tokens in return. The staked assets will be locked for a short period, while the project tokens will be distributed periodically following the project’s vesting mechanism. This exciting opportunity will take place within the Farming feature on the ONUS app.
Launchpool is a unique feature that allows users to stake ONUS or stablecoin and receive project tokens in return. The staked assets will be locked for a short period, while the project tokens will be distributed periodically following the project’s vesting mechanism. This exciting opportunity is available through the Farming feature on the ONUS app.
Participate in ONS Launchpool
For the ONUS Name Service (ONS) project, users can stake ONUS or VNDC to receive project tokens for free. The staked amount will be temporarily locked for 20 days, and the project tokens will vest every 3 seconds over a period of 360 days. Users can access the Farming feature to participate in Launchpool ONS.
Key Details of Launchpool ONS:
Launchpool 1: Stake ONUS – Earn ONS
- Start: 26th July 2023, 7:00 (UTC)
- Duration: 20 days
- Reward: 175,000 ONS per day distributed among participants
- Reward Vesting: 3 seconds interval (vesting by block) over 360 days after the Launchpool ends.
- Minimum Stake: 20 ONUS
- Maximum Stake: 20,000 ONUS
- Early unstaking is not supported
- End: 15th August 2023, 7:00 (UTC)
Launchpool 2: Stake VNDC – Earn ONS
- Start: 26th July 2023, 7:00 (UTC)
- Duration: 20 days
- Reward: 175,000 ONS per day distributed among participants
- Reward Vesting: 3 seconds interval (vesting by block) over 360 days after the Launchpool ends.
- Minimum Stake: 200,000 VNDC
- Maximum Stake: 200,000,000 VNDC
- Early unstaking is not supported
- End: 15th August 2023, 7:00 (UTC)
How to Participate in ONS Launchpool:
- Stake Assets: Open the Farming feature and find Launchpool ONUS – ONS or VNDC – ONS. Users can stake ONUS or VNDC at any time during the Launchpool period.
- Withdraw Staked Assets and Claim ONS: At the end of the Launchpool cycle, participants can access Launchpool to claim back their staked ONUS or VNDC, along with the project tokens (ONS).
- Vesting Mechanism: The ONS tokens received through Launchpool will vest every 3 seconds (vesting by block) over the next 360 days.
Important Notes about the Project
ONS has a total supply of 50,000,000 tokens, with 17,500,000 ONS allocated for the Launchpad sale and 7,000,000 ONS for distribution through Launchpool.
The Launchpool tokens will vest every 3 seconds (vesting by block) over a 360-day period starting from 15th August 2023 to 9th August 2024.
Introducing ONUS Name Service and ONS Token
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.
Register your domains here: https://ons.finance/
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.
Specifications
- Name: ONUS Name Service
- Ticker: ONS
- Platform: ONUS Chain
- Token type: Utility
- Total supply: 50,000,000
Join Launchpool ONS now to stake and earn ONS tokens while contributing to the future of decentralized domain name services!
