Tokenomics
The $ONLYX token serves as the primary currency of the OnlyX platform, enabling users to engage in farming, staking, purchasing NFTs, and earning income from model content. This thoughtfully structured tokenomics ensures project growth, incentivizes long-term commitment, and guards against market manipulation.
Team: 15% (150 million $ONLYX)
- Purpose: Supports team operations and incentivizes long-term commitment.
- Vesting: Tokens are locked with a gradual release over one year, ensuring stability and sustained project development.
- Role: Funds allocated to the team will support product development, infrastructure enhancement, and ongoing updates, ensuring the platform’s continuous improvement.
Marketing & Partnerships: 15% (150 million $ONLYX)
- Purpose: Attracts a new audience, promotes brand awareness, and funds collaborations with influencers and marketing agencies.
- Usage: Funds will support social media ads, influencer partnerships, and periodic campaigns to increase OnlyX’s reach and maintain user engagement.
- Mechanisms: Regular marketing efforts, partnerships, and airdrops ensure constant visibility and user retention.
Initial Deployment & Vesting Lock: 30% (300 million $ONLYX)
- Description: These tokens will be locked for one month with weekly vesting to prevent price volatility and protect against sniper bots.
- Purpose: This allocation establishes the project’s core utility by supporting the ‘live farming’ pool and providing initial liquidity.
- Mechanics: This initial deployment generates early interest in the project, creating a base market and attracting trader attention.
Open Purchase on DEX: 40% (400 million $ONLYX)
- Purpose: Provides a substantial portion of the supply for open trading on decentralized exchanges, allowing the community to participate freely.
- Role: This allocation ensures liquidity and accessibility, giving users and traders the ability to easily buy and sell $ONLYX tokens.
