Launched in March 2020, ONUS is a cryptocurrency investment platform that has rapidly grown to become one of Vietnam’s most popular digital asset applications, with over 3 million users and a comprehensive ecosystem of investment products. Designed for newcomers to the crypto market, ONUS provides secure, user-friendly financial solutions that simplify digital asset investing for everyone.

In addition to its status as a leading crypto investment app in Vietnam, ONUS has developed a robust ecosystem, including ONUS Chain—a high-performance, scalable, and EVM-compatible blockchain platform built on the BNB Application Sidechain (BAS). This platform offers low entry costs and gas fees, aiming to drive mass adoption of decentralized finance (DeFi) and Web 3.0 technologies.

ONUS Token Circulation

ONUS serves as the native token of the ONUS Chain, functioning as both a utility and governance token. It is used for staking to secure the network, on-chain governance, payments, and transaction fees. As of October 8, 2022, 40,106,390 ONUS tokens were in circulation out of a total supply of 97,106,390. Token distribution includes:

• 33.06% for community ownership
• 25.74% for ecosystem and community development
• 20.6% for the ONUS Foundation
• 10.3% for the core team
• 5.15% each for strategic funding and advisors/employees

Key Utilities of ONUS

1. Network Security: ONUS secures the network via the Proof-of-Authority (PoA) consensus mechanism, ensuring decentralization and environmental sustainability.
2. On-Chain Governance: As a governance token, ONUS enables stakers to propose and vote on network changes in a fully decentralized ecosystem.
3. Transaction Fees: ONUS is used for transaction costs on the chain, which are minimal yet sufficient to deter malicious attacks.

Network Security

ONUS Chain employs the Proof-of-Stake Authority (PoSA) consensus mechanism for fas transactions, low costs, and deterministic finality. The network’s security is further enhanced through audits by CertiK and continuous improvements with top cybersecurity firms like CyStack.

With its focus on accessibility, innovation, and security, ONUS continues to expand its ecosystem while driving blockchain adoption in Vietnam and beyond.