In the world of crypto currency, Proof-of-Work(PoW) and Proof-of-Stake(PoS) are the two most important algorithms, even though a couple more algorithms are being worked on or developed. Bitcoin is the first p2p crypto currency and is also the first crypto currency to use Proof-of Work algorithm. Soon after, Peercoin was created in 2012, and it served as the first introduction ofProof-of-Stake algorithm. In simple terms, coin holders can earn some extra coins just by holding some tokens for a period of time in the Proof-of-Stake system. To ordinary users, this is the biggest difference between Proof-of-Stake and Proof-of-Work. Now, ONEX isn’t the first to implement the Proof-of Stake mechanism but we are the first to
implement PoS as a ERC223 token and bring it to Ethereum Classic platform. Holders of ONEX can get revenues by holding ONEX for a period of time.
What is ONEX all about?
ONEX is a token created by Highlander Network the same network that brought you “ONE” token. The principle feature of the ONEX Token is it's ability to be staked. ONEX is based on the ERC223 Token Standard which rejects non-supported tokens eliminating the potential for confusion and lost tokens. Being an (ETC) Ethereum Classic token, ONEX implements the Proof-of-Stake mechanism, that means that each and every holder of the token can earn
some extra tokens just by holding ONEX for a period of at least 3 days, greater than or equal to the Minimum Coin Age.
The various staking platforms has depended on the ethereum network, however the good news from ONEX is that, it has embraced the utilization of ethereum great system in which the ONEX Token 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. The principle feature of the ONEX Token is it's ability to be staked.
The ONEX Ecosystem possess the following unique Attributes.
1, The Wallet: Ethereum Classic compatible wallet (we recommend Saturn Wallet for Chrome & Trust wallet for Mobile)
2,ONEX Tokens: Which is already listed on Saturn DEX exchange, the only exchange that lists ETC Tokens.
3, The ONEX Calculator: Which can be used to easily check CoinAge, Stake and view Staking Revenue.
KEY POINTS:
¶ You can stake on the ONEX platform by holding some ONEX for a time of not less than 3 days or, or equivalent to the Min Coin Age.
¶ ONEX gives two techniques to trigger ONEX staking: Sending an exchange to your own location with any measure of ONEX; Using the ONEX Calculator that can cooperate with contracts to execute the capacity.
¶ The principle highlight of the ONEX Token is its capacity to stake. Coin Age is equivalent to the quantity of tokens in addition to the quantity of days you HOLD the tokens for.
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%
PROJECT TIMELINE
This project is truly exceptional, and there is no way I can exhaust or fully convey the advantages of the ONEX network project. Please connect with the links below for a full grasp of what this project is about.
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://www.reddit.com/r/ONEXNetwork//
Twitter: https://twitter.com/onexnet
Bounty0x Username: echoe2k4
