1. Project introduction

OneLedger (OLT) is a new type of blockchain designed for transnational compliant business operation in a secure, scalable and high-speed infrastructure.

OneLedger is a cross-ledger agnostic protocol that enables high-performance scaling using a sharded and modified practical Byzantine Fault Tolerant consensus scheme. By coupling public key infrastructure (PKI) with identity management, nodes (and node operators) will have a defined trust hierarchy that allows them to participate in the consensus of the OneLedger chain or any sidechain.

OneLedger sidechains can be synchronized with the current state of other networks (Ethereum, Bitcoin, etc.). Any cryptocurrency that supports hashed time lock contracts (HTLC) and payment channels could be deposited into an account or address with the amount credited onto the OneLedger sidechain. This allows for a scalable and transparent solution that is off the main network or chain and is now off-loaded to the OneLedger sidechain. By using role control with PKI, enterprises can also launch their own permissioned sidechains.

2. Team introduction

CEO: George Connolly

Linkedin: https://www.linkedin.com/in/george-connolly-4276a72/

Founder: David Cao

Linkedin: https://www.linkedin.com/in/david-cao-ab217014/

3. Investment institution

Blockground Capital, MW Partners, Signal Ventures (Singapore), Zorax Capital

4. Application and distribution

Total supply: 1 billion

Token application:

OLT is primarily a utility token and is used to interact with the platform in a variety of ways:

(1) Interoperability: used as fees for all the interoperable operations across chains;

(2) Staking: Staked to become validators;

(3) Delegation: Delegating stake to Validators in the Delegated Proof of Stake (DPoS) model;

(4) Governance: Creation and voting of proposals;

(5) DApps: Pay network fee in DApps;

(6) Creation of Custom Tokens;

(7) Domain Naming Service: Trade domain names.

Token distribution:

Investor Lockup: 17.5%

Team Reserve: 4.4%

Company Reserve: 5%

Marketing Reserve: 71%

Community Reserve: 30%

Legal Issue: 5%

In Circulation: 31%