It is the first DeFi platform for collateralized tokens. The $ ONX token will become an integral part of the entire financial protocol.
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Description of the OnX Finance project
OnX will be the first project to create a DeFi platform, specifically targeting secured tokens, including services such as AMM, lending, growing crops and insurance.
This gives users the ability to participate in ETH 2.0 betting without having to wager exactly 32 ETH and without having to manage node servers 24/7. More importantly, users receive the equivalent amount of the synthetic token ankrETH (aETH) in exchange for their Ethereum until it is redeemed for a reward that can be at least 1 year with current valuations. ONX = a service token of the OnX.Finance platform. Its offer is limited to 10,000,000 ONX, while the majority (93%) of the token supply will be distributed over the next year.
The token itself can be used for the following functions (more use cases will appear as new services and products will be added to the platform):
| 1. | Payment of interest on lending to ONX. |
| 2. | Receiving discounts on the OnX.Finance platform. |
| 3. | Receiving part of the trading fees from the platform. |
| 4. | Management objectives. |
OnX will create one of the first collateralized swaps on the Ethereum network. By providing incentive and the ability to exchange directly backed tokens such as LPS and bonds. This will help to provide arbitrage opportunities as well as allow the underlying assets to continue to operate.
Additional information
There are no WhitePaper and RoadMap documents on the site. Instead, you can get information about the project through the blog on the Medium platform. The community does not maintain social networks. The smart contract has not been audited.