ONES

1. Project introduction

OneSwap, a one-stop trading service platform on the chain, is based on the permissionless listing of DEX, fully draws on the successful experience of the AMM project, and introduces the on-chain order book based on the CFMM model to improve the trading experience of AMM users.

The combination of the CFMM model and the on-chain order book not only provides users with a familiar limit order trading method, but also further enhances the liquidity of tokens.

OneSwap is committed to solving the trading and liquidity problems of long-tail tokens in a DEX manner while ensuring security and decentralization. In addition, OneSwap is committed to providing users with a one-stop trading experience with the help of the well-designed interactive interface and one-click token issuance and other tools in the platform's own OneSwap Wallet.

2. Token Application and distribution

Token application:

ONES is mainly used to support on-chain governance. On-chain governance is carried out by initiating proposals and conducting community voting. Users with a sufficient number of ONES tokens (more than 1% of the total token supply) can initiate proposals, and anyone holding ONES users can vote for or against the proposal. The voting period is three days, following the one-coin-one-vote counting rule. After the voting period ends, the proposal that receives more votes in favor than against is passed.

The voting process is uniformly managed by the governance contract. For proposals that pass the vote, the governance contract automatically performs corresponding operations on the chain. OneSwap currently supports four types of proposals: plain text proposals, community fund spending proposals, transaction fee modification proposals, and Pair contract upgrade proposals. Plain text proposals are only used to initiate community polls.

Token distribution:

Genesis Mining Reward: 5%, used to reward Genesis Mining participants, and all TGE will be unlocked.

Forward mining reward: 45%, the main distribution method of tokens, used for new liquidity mining plans to be launched in the future, community building and promotion, project cooperation, etc. The release of forward mining is determined by community voting, including release time, mining market, released share, etc. TGE unlocks 0% and is unlocked on demand by community voting.

Project operation and maintenance: 25%, used to ensure network security and maintain project functions, TGE unlocks 2.5%, unlocks 9 times in 4 and a half years, and unlocks 2.5% every six months.

Strategic investment institutions: 15%, distributed to project long-term strategic investment institutions, TGE unlocks 1.5%, unlocks 9 times in 4 and a half years, and unlocks 1.5% every six months.

Team incentive: 5%, distributed to the core team and future employees, TGE unlocks 1%, unlocks 4 times in 2 years, and unlocks 1% every six months.

Early investors: 5%, distributed to early project investors and early liquidity supporters, TGE unlocks 1%, unlocks 4 times in 2 years, and unlocks 1% every six months.