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Introduction & Important Links
Offering the infrastructure necessary to converge traditional finance with decentralized finance.
Onomy Protocol represents an innovative Layer-1 ecosystem designed to harmonize the worlds of Forex and decentralized finance. At its core lies the Onomy Network, a proof-of-stake blockchain constructed using the highly versatile Cosmos SDK framework, and the Arc Bridge Hub affording interoperability with EVM, non-EVM, and IBC chains - all maintained by a distributed network of independent validators located around the globe.
A cornerstone of the Onomy Protocol is its Decentralized Autonomous Organization, or DAO, which empowers contributors to actively manage and shape the Onomy ecosystem's features, products, marketing initiatives, and more - referred to as Onomy Improvement Proposals (OIPs) in the community. Proposals that demonstrate the most promise are directly funded from the on-chain treasury, which is managed by all holders of Onomy's native NOM token.
Current major OIPs in progress include the Onomy Exchange (a hybrid orderbook+AMM DEX) and the Onomy Reserve (decentralized stablecoin issuance).
You can join Onomy's community social channels to connect with 60,000+ fellow NOMads and view information about the Onomy Ecosystem.
The native coin of Onomy Protocol is NOM. NOM is used to secure the network through staking, payment for transaction and bridge fees, and for governance in the Onomy DAO. When NOM holders delegate their NOM to a validator, they are staking. Staking provides rewards in return for supporting the security and operations of a blockchain network.
DAO (Decentralized Autonomous Organization) is an organization represented by rules encoded as a transparent computer program, controlled by the organization members, and not influenced by a central governing entity. As the rules are embedded into the code, no managers are needed, thus removing any bureaucracy or hierarchy hurdles.
Onomy is governed by the Onomy DAO, providing NOM holders with the opportunity to guide the decision-making process through NOM-weighed votes. Examples of items the Onomy DAO vote on include Chain Upgrades, Parameter Changes, Funding Proposals, and Resolutions for the direction of community efforts for Onomy ecosystem develop
DISCLAIMER AND NOTICES: By reading this documentation you acknowledge having read, understood and accepted all of the material available on the website. For the avoidance of any doubt, the Onomy Protocol, all software including any smart contracts and apps, and NOM (“Onomy Platform”) as presented in these documents is a decentralised digital token management platform and is not intended to operate as a virtual asset service provider, a money services business, a security or other regulated entity or asset. Any terminology used in this documentation, or in general in the Onomy Platform is intended only as a basic reference, without any effective or legal meaning of the same terms in a regulated financial environment, and/or any other regulated framework including but not limited to e-money or payment services. This document taken by itself is not, nor it can be construed as a contractual agreement of any kind, and it is not an invitation or offer to invest in Onomy or acquire or use its token in any way with any expectation of future profit. Any user of the Onomy Platform declares to have received appropriate technical, administrative, tax and legal advice before and after reading this documentation, the website and using any part of the Onomy Platform (including any tokens therein) and accepts that there is an inherent high risk in acquiring or using any kind of blockchain and/or crypto token, platform, software, interface and acknowledges with full disclaimer for any of the persons or entities mentioned within this documentation or in any way directly or indirectly connected to the Onomy Platform, that there can be any kind of damage suffered, including total loss.