Recently, ONUS team collaborated with Nami to launch Nami Frame Futures, with NAO as the central token of this project. NAO will be available for sale on the ONUS and ONUS DeFi platform on June 29th.
To help users better understand the Nami Frame Futures project and the benefits for NAO token holders, ONUS presents the following research study.
The total supply of 100,000,000 NAO is allocated as follows:
- Launchpad (15%): Open FairLaunch sale of 15,000,000 NAO to the community (including 14,000,000 NAO at the ONUS Launchpad feature on the ONUS app; and 1,000,000 NAO on the ONUS DeFi Launchpad). No Seed and Private rounds. Fully unlocked.
- Liquidity Creation (6.25%): For NAO/VNDC trading pair (80% liquidity on ONUS, 20% liquidity on Nami Exchange), listing price 1 NAO = 1,200 VNDC.
- Retroactive (1%): Distributed to the first users to use the product, evenly divided by the transaction volume.
- Development Fund (77.75%): Locked. Unlocked by community vote for Airdrop programs, transaction incentives, cooperation,…
Investors please refer to the project’s Whitepaper.
About Nami Frame Futures
Nami Frame – Futures is a project co-developed by Nami and ONUS, providing users with perpetual futures derivatives trading products, with high leverage from x1 to x125 for more than 150 trading pairs in VNDC, USDT,… Through the integrated solution of Nami Frame – Futures, ONUS users can experience Nami’s products and services without worrying about account opening, KYC, app download use, deposit, and withdraw. All connected seamlessly on ONUS’s app with Nami’s Futures integration.
* Futures is a form of derivative trading, allowing users to place orders in anticipation of the price of an asset without actually owning it. If the asset price movement happens as predicted, the investor will benefit from the difference between the predicted price and the actual price (after placing the order) and vice versa. Futures trading allows everyone to trade two-way (Buy/Long; Sell/Short) in both Bull and Bear markets.
About token NAO
Nami Frame Futures (NAO) is the central token of the Nami Frame – Futures project, distributed in the form of Fair-launch and has a special governance mechanism. NAO tokens can be used for the following purposes:
- NAO holders are entitled to share 20% of profits from transaction fees in proportion to their ownership in the Governance Pool.
- NAO holders have the right to participate in voting for decisions to unlock tokens as proposed by the project.
- Users who use NAO as transaction fees will receive a 40% discount on the transaction fee above the base fee of 0.06%, specifically the after-discount fee is 0.036%.
- Name: Nami Frame Futures
- Ticker: NAO
- Token Type: Governance Token
- Total Supply: 100,000,000 NAO
- Platform: BNB Chain
- Standard: BEP20
Users holding NAO can participate in the Governance Pool to share revenue from trading fees and vote on project proposals.
- Every day, the project will announce the revenue from ONUS Futures transaction fees, 20% of this revenue will be transferred to the Governance Pool and shared with users according to the pool participation rate for a 7-day term. The settlement asset is NAO, VNDC or USDT.
- Users can stake into the Pool at any time, the number of NAO tokens after staking will be locked.
- Every week, the system will scan the user’s staked NAO balance and proceed to pay the revenue share at 00:00 am on Monday (UTC).
- Users who have contributed to the pool will have the choice to continue joining the pool or withdraw tokens from the pool by registering to unstake NAO at any time with an optional amount of NAO. The NAO registered to withdraw from the Pool will be able to get it back after 07 days from the time of unstake registration.
- Users joining the Governance pool also have the right to vote for decisions to unlock NAO tokens from the Project Development Fund, the voting weight is decided by the holding rate in the Governance pool.
Note: The project commits to share 20% of revenue from lifetime trading fees to the Governance Pool. Any proposed changes related to this ratio will be voted on and approved by users participating in the Governance Pool.
Project Development Fund
77.75% of the total supply of NAO tokens (77,750,000 NAO) will be put into the Project Development Fund for the following purposes:
- Rewards for trading incentive programs
- Airdrop fund to develop the community
- Fundraising for cooperation programs with project development partners…
All tokens of the Fund will be locked, the unlocking process is based on the voting mechanism from users who stake NAO tokens in the Governance pool with proposals from the project.
1% of the total supply of NAO tokens (1,000,000 NAO) will be used as a reward for the first users to use the Futures trading product on ONUS.
The bonus fund will be divided equally according to the ratio of individual trading volume to Total trading volume in the period from the product launch to the time of public sale and distributed 01 day from the time of product public sale.
6.25% of the total supply of NAO tokens (6.250,000 NAO) will be used to create initial liquidity for the NAO/VNDC trading pair on ONUS, listed at 1,200 VNDC (6,250,000 NAO and 7,500,000,000 VNDC)
Disclaimer: 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.