Onomy Ascend: A launchpad for new tokens

Onomy Ascend is designed to facilitate the issuance and launch of new blockchain projects and native tokens within the Onomy ecosystem, as well as beyond, providing early investment opportunities for users and promoting the growth of Onomy and its underlying assets. Through a transparent, secure, and structured process, Onomy Ascend will create an environment where both new projects and Onomy users can benefit, while also boosting Onomy’s adoption as a platform and token.


1. Purpose of Onomy Ascend

Onomy Ascend will be a platform dedicated to launching new blockchain projects and native tokens aligned with Onomy’s values of interoperability, decentralization, and sustainability. Ascend will become a gateway for projects seeking initial capital, offering investors the chance to obtain tokens before they are available on traditional exchanges, potentially providing greater profit margins.


2. Key Features of Onomy Ascend

2.1. Project Launch Process:

  • Project Selection: Onomy Ascend will accept new projects after a thorough audit and technical evaluation process. These projects must align with Onomy’s ecosystem values, ensuring they are technically robust, innovative, and valuable to the community.
  • Smart Contract Creation: Onomy will not only list new tokens but also provide full technical support for creating smart contracts within the Cosmos ecosystem and beyond. This includes creating contracts for token sales (ICOs), which is essential to allow projects to launch efficiently.
  • Multi-Chain Launching: Tools will be utilized to allow projects to launch their tokens both within the Cosmos ecosystem and on external chains, increasing the reach and opportunities for projects aiming for interoperability.

2.2. Token Listing on the DEX:

  • Projects launched through Onomy Ascend will be automatically listed on the Onomy DEX, ensuring that tokens are easily accessible for buying and selling, providing immediate liquidity. Additionally, this will encourage community interest and participation, as Onomy’s DEX will serve as a centralized place for trading the launched tokens.

2.3. NOM Utilization:

  • To participate in token offerings (Token Sales) through Onomy Ascend, users must hold or stake NOM tokens. This strengthens the utility of NOM within the platform, as users will need to hold and use the token to access early investment opportunities.
  • Participation Incentive: By requiring users to utilize NOM, Onomy ensures a constant demand for the token, potentially increasing its value as more tokens are used to participate in sales.

2.4. Fees and NOM Burn:

  • Participation Fee: Onomy will charge a small fee (percentage) on the funds raised during each token offering, which will be used for several purposes within the ecosystem. A portion of this fee will go towards the purchase and burn of NOM tokens. The buy and burn of NOM will reduce the overall supply of the token, which can potentially increase its value over time.
  • Beneficial Economic Cycle: The purchase and burn of NOM will increase the scarcity of the token within the ecosystem, which, along with growing demand, can contribute to its value appreciation over time. This action benefits not only NOM holders but also ensures the platform’s sustainability by maintaining the value of NOM through a continuous supply reduction cycle.

3. Sustainable Economic Model of Onomy Ascend

Onomy Ascend is designed to offer not only benefits for users and projects but also to create a self-sustaining economic cycle that encourages Onomy’s continued growth. Through a well-structured incentive model and the proper allocation of fees and rewards, Onomy Ascend can become a key pillar within Onomy’s economy.

3.1. Revenue Source and Profitability:

  • Launch Fees: Onomy will charge a small fee (percentage) on the funds raised during each token offering on Ascend. This fee will cover the operational costs of Ascend and contribute to Onomy’s growth.
  • NOM Buy and Burn: A portion of the fees collected will be used to purchase and burn NOM tokens, as mentioned earlier. This mechanism not only strengthens the demand for NOM but creates a deflationary effect, potentially increasing the value of the token over time.
  • Return for NOM Investors: Users who participate in Ascend using NOM and commit to long-term holdings will see their investment value rise if the buy and burn mechanism is effective, encouraging staking of NOM.

3.2. Incentives for the Community:

  • Early Participation Rewards: Investors who participate in token offerings through Onomy Ascend may receive additional token rewards or bonuses in NOM, encouraging active participation from the beginning.
  • NOM Holder Rewards: Those who hold and stake NOM will indirectly benefit from the increased value of NOM, as the buy and burn of tokens will drive up the token’s value, benefiting long-term holders.
  • Support for New Projects: Onomy will provide continuous support to the projects listed on Ascend, not only in terms of infrastructure but also with exposure within the platform, allowing them to raise initial capital and attract users from the start. Projects will benefit from auditing and promotion within Onomy, increasing their visibility and appeal to the community.

4. Onomy Ascend Implementation and Development

Phase 1:

  • Infrastructure Development: Building the necessary technical infrastructure for Ascend and implementing smart contracts on Cosmos and other chains.
  • Project Evaluation: Establishing a thorough audit and project selection process.

Phase 2:

  • First Batch of Launches: Launching the first selected projects through Onomy Ascend, with exclusive access for NOM users.
  • Governance System: Implementing a voting system to allow the community to participate in the selection of upcoming projects.

Phase 3:

  • Platform Expansion: Expanding the project and token sale offerings, providing users with more options.
  • More DeFi Integration: Adding more DeFi tools to generate returns from the raised funds in Ascend.

Conclusion:

Onomy Ascend represents a significant opportunity to integrate new projects into the Onomy ecosystem while providing users with early access to valuable tokens. With a well-structured economic model that includes the buy and burn of NOM tokens, Onomy ensures that the platform remains sustainable and profitable, while boosting the value of NOM and creating a mutually beneficial economic cycle.

This Ascend will not only increase Onomy’s value as a platform but also benefit its users by offering them access to promising new projects, while simultaneously generating revenue that supports the community and ecosystem in the long term.