With the aim of increasing rewards and reducing ONUS Coin inflation, the proposed team is upgrading ONUS Shares to version 4.0, expected to be implemented from cycle 16. ONUS Shares members have the right to participate in voting to approve or disapprove these adjustments. The voting results will determine the future mechanism of ONUS Shares.
With the aim of increasing rewards and reducing ONUS Coin inflation, ONUS team is pleased to propose the enhancement of ONUS Shares v4.0, scheduled for implementation from cycle 16. Members of ONUS Shares are entitled to participate in the voting process, wherein they can express their consent or dissent regarding these modifications. The outcome of this vote will decisively determine the forthcoming framework of ONUS Shares, safeguarding its enduring prosperity.
Proposal from the ONUS team
1. Increase the profit-sharing rate to 25%.
Instead of sharing 20% of profits as in previous cycles, ONUS proposes to increase the profit-sharing rate to 25%.
2. Share profits in ONUS Coin.
To minimize legal risks, starting from cycle 16, rewards will be shared in ONUS Coin instead of VNDC. Daily or hourly, the system will use 25% of profits for an automatic ONUS Coin buyback. The transaction history for each buyback will be publicly updated.
Vote on the distribution of ONUS rewards after BuyBack:
- 20% of the ONUS quantity after BuyBack will be burned at the end of the cycle.
- 75% of the ONUS quantity will be shared among investors at the end of the cycle based on the vONUS ownership ratio.
- 5% of the ONUS quantity will be rewarded to partners at the end of the cycle.
3. Profit estimates
In previous ONUS Shares cycles, the total profit was approximately 10,000,000,000 VNDC, and 20% of this is equivalent to 2 billion VNDC. If the new mechanism is applied in cycle 16, the estimated distribution of ONUS tokens would be as follows:
- Estimated total ONUS Buyback quantity: 300,000 ONUS.
- Estimated quantity to be shared with ONUS Holders: 225,000 ONUS.
- Estimated ONUS to be burned: 60,000 ONUS.
- Estimated ONUS to be rewarded to partners: 15,000 ONUS.
ONUS Shares Members’ Voting
A Voting program will be implemented, allowing ONUS Shares members to use their governance rights to provide input on these proposals.
Participate in voting “Yes/No” to implement the new updates:
- If the “Yes” ratio is greater than 50%, the proposal is approved. The team will implement the updates, expected to be applied from cycle 16.
- If the “Yes” ratio is less than 50%, the proposal is canceled. ONUS Shares will maintain the mechanism as in previous cycles.
Voting details:
- Time: From 10:00 AM on October 16, 2023, to 10:00 AM on October 19, 2023 (UTC).
- Location: The Voting section within the ONUS Shares feature.
- Participation Conditions: To participate in the voting process, you must be a member of ONUS Shares. Your Voting Power is calculated based on the number of vONUS points you possess.
