[ANN] ⚡ OnX Finance, The First DeFi Hub For Collateralized Tokens ⚡

[terciduk123]

Great news guys! onS Pre-Sale Date has been announced!

"Official Pre-Sale of onS will be on Friday, February 5 at 10am PST! Each onS will be priced at 0.1 aETH (ankrEthereum) to start, limit of 5 aETH per wallet! All $aETH reserved for vault."

Instruction:
Click the "Presale" tab under the onSynthetics header on http://OnX.Finance to access which will go live just before the launch of the Pre-Sale.

OnX.finance's token name is ONX, then what about onS? whether this token is also a part of ONX. Finance and what are the uses of this token? I just heard about onS, I hope you help me to understand it.

[invincible49]

OnX.finance's token name is ONX, then what about onS? whether this token is also a part of ONX. Finance and what are the uses of this token? I just heard about onS, I hope you help me to understand it.

Original article on onSynthetics: https://onx-finance.gitbook.io/docs/products/onsynthetics
This ELI5 extracted from the onSynthetics should help you understand how onSynthetics is going to work: https://onx-finance.gitbook.io/docs/products/onsynthetics/onsynthetics-eli5 and

*You can have a look to the flow chart enclosed and try to understand the impact in onS price if aETH increases or decreases in value after going through those two articles. Please note that the price of ankrETH moved upwards since this flow chart was created. Infact, 1 ankrETH = 0.997377 ETH as of writing this. FYI. this flow chart is not from the team.

[terciduk123]

OnX.finance's token name is ONX, then what about onS? whether this token is also a part of ONX. Finance and what are the uses of this token? I just heard about onS, I hope you help me to understand it.

Original article on onSynthetics: https://onx-finance.gitbook.io/docs/products/onsynthetics
This ELI5 extracted from the onSynthetics should help you understand how onSynthetics is going to work: https://onx-finance.gitbook.io/docs/products/onsynthetics/onsynthetics-eli5 and

*You can have a look to the flow chart enclosed and try to understand the impact in onS price if aETH increases or decreases in value after going through those two articles. Please note that the price of ankrETH moved upwards since this flow chart was created. Infact, 1 ankrETH = 0.997377 ETH as of writing this. FYI. this flow chart is not from the team.

Thank you for the two articles that you have provided, it really helped me understand about OnS, and increased my understanding of OnE and OnB. The total supply of OnS token is very small, only 100,000 OnS and there will be a token burning program, this is very interesting. looks like the sale of OnS tokens will be short, and only 5000 ONS will be sold

[invincible49]

OnX.finance's token name is ONX, then what about onS? whether this token is also a part of ONX. Finance and what are the uses of this token?

It’s not just onS. For a decentralized seigniorage system it requires 3 tokens to balance and arbitrage. In onSynthetics case it is going to be onS, onE, onB. It’s one product with 3 tokens all under the OnX umbrella. onS, onE, and onB are a closed loop system, which is how seigniorage contracts have to work in order to maintain the balance and parity. I hope it helps. OnX remains the overall governance and income token for the OnX platform by the way!

What is seigniorage?
Try these article:
1. https://blog.bitmex.com/wp-content/uploads/2018/06/A-Note-on-Cryptocurrency-Stabilisation-Seigniorage-Shares.pdf
2. https://insights.deribit.com/market-research/stability-elasticity-and-reflexivity-a-deep-dive-into-algorithmic-stablecoins/

[invincible49]

Only 5 hours and 43 minutes left to the onS Pre-sale to go live on https://app.onx.finance. 5000 onS in total available for the sale round, 50 onS per wallet limit- lasting for a maximum of 3 days or until the onS is sold out. Users will be able to buy with only ankrETH. Good luck to everyone who are going to participate in it.

Countdown: https://countingdownto.com/?c=3446765

[invincible49]

Congratulations to everyone and thanks from the team for your support as OnX Finance just finished their onS token's Pre-Sale in just about 7 minutes even though there was a very little marketing. Astonishing commitment from the community! The team has reached the Hardcap of 500 ankrETH and the raised funds will now be added directly into the incentivized aETH reserve vaults. 5000 onS currently in circulation and it will start to rise until total supply of 100000 is reached in the next 12 months.

[preikaler]

Congratulations to everyone and thanks from the team for your support as OnX Finance just finished their onS token's Pre-Sale in just about 7 minutes even though there was a very little marketing. Astonishing commitment from the community! The team has reached the Hardcap of 500 ankrETH and the raised funds will now be added directly into the incentivized aETH reserve vaults. 5000 onS currently in circulation and it will start to rise until total supply of 100000 is reached in the next 12 months.

wow it's amazing in situation like now to be able to pre-sale in just 7 minutes I also saw the onE mining release in 4 hours, coingecko has also updated the max supply

[penebalnio]

Despite not mauch marketing OnX Finance finished their onS token's Pre-Sale in just about 7 minutes, it means that token is popular even without advertising, good sign