Onomy Bonding Curve Offering Launch

Launch of the token distribution mechanism (Bonding Curve Offering) for Onomy’s native token (NOM) on Ethereum.

DETAILS

• Launch Details
  • The Bonding Curve Offering (BCO) is the initial distribution mechanism of $NOM (native Onomy Protocol token) — DEX and CEX listings will follow shortly thereafter
  • BCO provides an instant market with liquidity before exchange listings, rather than a static-priced sale — the cost to buy the tokens is determined by the supply
  • The BCO is deployed on Ethereum, where bondingNOM ($bNOM) may be purchased and sold
  • $bNOM may then be bridged 1:1 for $NOM on the Onomy Network; burning the $bNOM in the process
  • A fee of 1% is applied per trade with the bonding curve
  • How to participate;
    • Access the Bonding Curve platform, here
    • Connect your Ethereum wallet (Metamask/Coinbase supported)
    • Buy $bNOM with ETH — the exchange rate will be displayed
    • bNOM can also be sold back to the Bonding Curve
    • Bridge bNOM to Onomy network via the platform (Note: you will need a Keplr Cosmos wallet)
    • Swap $bNOM for $NOM on the Onomy network
    • Select a validator and delegate (stake) your $NOM tokens to earn staking rewards — when undelegating, there is a unbonding period of 3 weeks before your tokens will be reflected in your Cosmos wallet
    • $NOM will be listed on DEX/CEX for trading later

• About Onomy
  • Onomy is an interoperable layer-1 blockchain ecosystem built to converge Forex and decentralized finance
  • The ecosystem consists of;
    • Onomy network (ONET) – application-specific Cosmos-based layer 1 blockchain
    • Arc bridge – cross-chain bi-directional bridge between integrated Cosmos chains – such as Near, Aurora, Avalanche, Polygon, etc.
    • Onomy Exchange – DEX that combines AMM liquidity pools with an orderbook UI
    • Onomy Access – non-custodial multi-chain mobile wallet app
    • Onomy Reserve – governs minting of Onomy’s stablecoin; named Denoms. Denoms may be used for FX trading, payment, remittance, lending, and settlement
  • $NOM is the native governance and utility token of the Onomy ecosystem
  • $NOM utility includes;
    • secure the Onomy network through Proof-of-Stake
    • participate in governance of Onomy
    • pay for bridge fees
    • collateral for Denom stablecoins
  • $NOM holders can choose to become validators, or delegate their NOM to a validator to earn staking rewards minus a validator fee