Cryptocurrrencies have gained huge acceptance and adoption in recent years, and various institutions, businesses, and emerging projects are hinging on this decentralized, revolutioized technology to drive their concepts and existing products to the next level. On blockchain, people can write entries or data into a record of information, and a community of users can control or stake claims to how the record of information is amended and updated; leading to flexibility, anonymity and security. Despite the rapid growth in the popularity of digital currencies, their use in everyday life remains a challenge. Various reasons ranging from fluctuations in value of cryptocurrencies, to interoperability between crypto and fiat mechanisms lead to doubt on the part of consumer.
Staking Techniques, which allows users to put down a desired quantity of their cryptographic tokens for a given period of time in expectation of corresponding rewards, has been one of the most important ways in earning cryptocurrrencies. It is with all pleasure that I introduce a cryptocurrency project which aims to reward it's user for simply staking it's token, or cryptocurrrency, for a given period of time.
INTRODUCING ONEX
Onex is a token created by the Highlander Network. It is the first token created for the ethereum classic, based on ethereum ERC223 standard. ONEX network is the first platform to implement the Proof-of-Stake mechanism in Ethereum Classic, which means that the ONEX holders can get some extra tokens just by holding ONEX for a period greater than, or equal to the minimum age of currency. ONEX system is intended to convey evidence of-stake to the ETHEREUM great stage. The principle feature of the ONEX Token is its ability to stake. Coin Age is proportional to the amount of tokens notwithstanding the amount of days you HOLD the tokens for. The various staking program has dependably been on ethereum, however the uplifting news from ONEX is that, it has embraced the utilization of ethereum great system in which ONEX will be the main task to receive staking program on ethereum exemplary system. ONEX is intended to offer prizes to all holders of ONEX token higher than the base coin age only for a little timeframe. I have been taking an interest in some other staking program however the minute I discovered ONEX staking program I couldn't prevent myself from participating in ONEX program. A standout amongst the best component of ONEX program is that individuals need just to hold the token for only least of 3 days in which prizes would be given to holders of the token. The recently known staking program in some other stage expects holders to hold for least of 3-6 months while some do even require least of 1 year. Be that as it may, with ONEX stage, holders just need to hold for least of 3 days which this is an incredible improvement to the staking program.
ONEX Network is a blockchain that is intended to provide innovative and intelligent contract cryptocurrency tools in the ethereum network . Onex is designed to be a public network of block chains that have an intelligent contract mechanism that would create advancing smart contracts to enable innovative products and services. ONEX was developed in ERC223, which is very similar to ERC20, only newer and better than the ERC20. In a nutshell, the ERC223 is an improved, much more secure and modified version of ERC20.
PLATFORM FEATURES
Wallet: Ethereum Classic compatible wallet (we recommend Saturn Wallet for Chrome & Trust wallet for Mobile)
Tradable Tokens: We are listed on Saturn DEX exchange, the only exchange that lists ETC Tokens.
ONEX Calculator: Use our Calculator DApp to easily check CoinAge, Stake and view Staking Revenue.
ONEX Coinage Calculation
ONEX balance before mining: 100 (held for 3 days)
Coinage
Coinage = Amount of tokens held * number of days held
● 100 ONEX * 6 = 600 Coinage
Mined ONEX Network = ( Coinage * Effective %age value for 100%
ONEX yearly interest) / number of days in 1 year.
= (600 * 77%) / 365
= 1.26575342466
ONEX balance after mining : 101.26575342466
TOKEN DETAILS
ERC223/PoS Standard
Name: ONEX Network
Image: ONEX
Decimals: 18
Max Total Supply: 10M
Beginning Supply: 1M
Min Coin Age: 3 Days
Max Coin Age: 90 Days
First Year Interest: 100%
Second Year Interest: half
third - fifteenth Year Interest: 10%
IN MY VIEW :
There is the need for freshness and insightful contributions whenever a project is being developed. This is because I believe every project has a common aim of creating solutions and making lives better. The Proof-of-Stake algorithm is introduced for the first time into the Etherium Classic platform using ONEX (a marker of the ERC-223 standard created in the Highlander Network). For additional income, users must purchase and hold a certain amount of ONEX for three days or more equal to the minimum age of the coins. This way, token holders can earn just by staking their tokens. Very interesting indeed!
Please note that what I've shared above is buy a a summary of what this prodigious project holds. Find out more about Onex here using all, or any of the links and channels below.
Website: https://onex.network
Whitepaper: https://onex.network/onex_whitepaper_1.1.pdf
Staking Guide: https://onex.network/staking-guide.html
Coinage Guide: https://onex.network/coinage-guide.html
ONEX Calculator: https://onex.network/calculator.html
Medium: https://medium.com/@highlandernetwork
Twitter: https://twitter.com/onexnet
Bounty0x Username : evolution2k46
