An Introduction to ONET
ONET (OneSwap DAO Token) is a TRC20 governance token issued by OneSwap on TRON.
The total supply of ONET is fixed at 100 million, 10% of which will be airdropped to TRX historical active addresses and new users of OneSwap Wallet; 40% will be applied to mining, including liquidity mining, trade mining and referral mining; 10% will be reserved as community funds and locked in the governance contract, which will be determined by the community proposals and voting; the rest of ONET - 40%, owned by OneSwap Team, will be unlocked linearly 8 times every half a year for 4 years, without initial circulation.
ONET is a deflationary token. According to the OneSwap white paper, the transaction fees generated in the swap and transactions are divided into two parts: 60% directly goes to the liquidity provider, 40% is used to repurchase and burn ONET. The ONET are automatically repurchased and burned through the BuyBack.
The governance of OneSwap is realized through proposals and community voting. Users with a sufficient number of ONET tokens (more than 1% of the total tokens can initiate proposals), and any user who holds ONET can vote for or against the proposal.
Contract address : TJab66Qk2uBxr5eUSS9BX456rPKuyDga4v
The initial circulation of ONET is 0. The distribution and circulation of ONET are as follows:
Those with more than 1% of the total ONET can initiate proposals, and any user holding ONET can vote for or against a proposal. The voting lasts for three days, with one token for one vote. After the voting, the proposals receiving more positive votes than the negative are passed.
How to Get ONET
1. 5% of ONET will be airdropped to active addresses on JustSwap. Addresses with trading volumes greater than 1,000 TRX on JustSwap before 1 November will receive 100 ONET each via airdrop.
2. 5% of ONET will be airdropped to early users of OneSwap. Users who registered OneSwap Wallet and completed certain tasks can receive ONET as a reward. Please check the task details on the OneSwap Airdrop page.
3. Users can also participate in referral mining. By inviting friends to trade on OneSwap through exclusive referral links, users can claim ONET equivalent to 20% of every actual transaction fee generated by their referred users as a reward.
Users can also participate in liquidity mining by providing liquidity for whitelisted trading pairs and share rewards in proportion.
Liquidity Mining Details