The Onespace platform application runs on the Solana blockchain and provides various tools to work with. The Solana network is very fast, you make a transaction in seconds with a minimum fee of $0.00025.
What is Onespace?
Onespace - a decentralized crypto platform that brings together applications for trading, exchange, betting, farming, NFT and more. The developers want to create one cryptospace with a simple and clear interface for decentralized trading. All applications are built into the Solana network.
The Onespace protocol encourages token holders to contribute their 1SP to the staking pool. As coins go into staking, they go out of circulation for the duration of the staking, creating a scarcity that drives up the price. Staking rewards are provided in a special c1SP token (cloud1SP).
Distribution of awards:
| 95% | staking, farming, NFTs and liquidity. |
| 3% | team. |
| 2% | marketing. |
The c1SP token — a special financial instrument that best describes an option with a dynamic exercise price. The c1SP token entitles its owner to purchase 1SP at the current minimum price. This right has value to the holder since the market price of 1SP is likely to be higher than the floor price.
Owning c1SP can be financially beneficial, depending on the price increase of 1SP. The cost of c1SP — the difference between the market price of 1SP and the floor price. As the supply increases, the price of 1SP will increase and the reward will also increase. The increase in reward will encourage the community to stake c1SP to increase the received reward. The amount of c1SP a user receives will depend on the share of staked 1SP.
v1SP token
Onespace DAO allows anyone to become a DAO member by holding a v1SP governance token. The token will be distributed through a combination of various incentive options for providing liquidity, rewards for participants.
DeFi projects will also be able to initiate proposals, allowing them to find funding. Onespace DAO will reward active community members. Participant tokens will be non-fungible, however they will be in the form of social capital in the Onespace DAO ecosystem. Community members who receive these tokens can access perks such as extended voting rights and early access to DeFi projects.