What is Onomy Protocol? Project overview and NOM . token Infrastructure is needed to link traditional finance (TradFi) with decentralized finance (DeFi). Onomy is one of the projects that help link TradFi and DeFi. So what is Onomy, let's find out in the article below.
Onomy Protocol is a layer1 building ecosystem that helps to interoperate between traditional finance and decentralized finance. Products that the platform focuses on developing include: Multi-chain wallet, DEX orderbook combined with AMM, stablecoin.
Highlights of Onomy Onomy Network (ONET) This is layer 1 dedicated to decentralized applications, providing a 2-way bridge between blockchains inside and outside the Cosmos ecosystem. It is possible to connect both EVM blockchain and Non- EVM blockchain.
Onomy Exchange(ONEX) This is a decentralized exchange that aims to reinvent the user experience. Addressing the need for large on-chain liquidity. It combines AMM and Orderbook allowing liquidity providers to earn profits. Traders will be able to use the pending order feature. ONEX will have both cross-chain where multi-chain allows users to trade multiple assets.
Onomy Access It is a decentralized multi-chain wallet application with which users can manage assets on integrated chains. Some features such as staking, administration, viewing NFT are all built-in on the wallet. WOMEN
Investors The project has raised a total of 10 million USD from investment funds such as GSR, CMS, Ava Lab.
Possibility First, to get NOM need to swap ETH for bNOM through Onomy Bonding Curve, then burn bNOM bridging with Onomy Network to get NOM mainnet.
The obtained NOM can be used for all the utilities mentioned above. Users can also connect NOM to other blockchains integrated into Arc Bridge Hub. NOM will also be available on centralized and decentralized exchanges in the future.
Tokenomics Onomy has a total supply of 100 million NOM, distributed as follows:
45% for on-chain treasury, managed by the DAO; 20% for the ecosystem, used to support market makers, validators, listings, incentives...; 20% for early backers and partners; 15% for project team and advisors – 12-month course and vesting for 24-36 months. About Onomy Protocol
Onomy Protocol is a Cosmos Layer-1 chain that powers a multi-chain DEX, combining an AMM liquidity pool with an order book user interface that facilitates market, limit, and stop orders, along with FX market via stable asset mint system and cross-chain storage via Onomy's unattended DeFi access wallet.
