ONUS Name Service (ONS) project has passed the initial inspection of ONUS, and will officially enter the community inspection through ONUS Voting at 08:00 AM UTC today, July 13, 2023. If the ONUS Name Service project passes the Voting round, ONS tokens will be offered for sale on ONUS Launchpad and Launchpool.
- Voting time: From 08:00 AM UTC on July 13, 2023 to 08:00 AM UTC on July 14, 2023.
- In the ONUS Shares feature, you can find the ONUS Name Service (ONS) project in the “Voting” section.
- If the approval rate is higher than 50% at the end of the voting process, the project will be approved and soon open for sale on the ONUS Launchpad and Launchpool (*).
- Conditions: You must be a member of ONUS Shares to follow and participate in the voting process. Voting Power is calculated according to your vONUS points.
(*) Launchpool is a form that allows users to stake ONUS or stablecoin to receive project tokens. Token stake will be locked for a short time; Project tokens will be paid periodically according to the vesting shedule of each project. More details will be announced if the project is passed the Voting round.
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.
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.
Specification
- Name: ONUS Name Service
- Ticker: ONS
- Platform: ONUS Chain
- Token type: Utility
- Total supply: 50,000,000
Notable information about this Launchpad
- ONS has a total initial supply of 50,000,000 tokens. 10,000,000 ONS will be used for Launchpad offering and 10,000,000 ONS for Launchpool offering.
- Launchpad tokens will unlock 50% at TGE. After 1 month from TGE, the remaining 50% of Launchpad tokens will be vested every 3 seconds for the next 3 months.
- Launchpool tokens will be vested every 3 seconds for the next 12 months.
Learn more about ONUS Name Service: Website | Whitepaper
Join the ONUS Name Service Community: Telegram | Twitter
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.
