Your Guide to Understanding the $ONO Token

At the time of designing the tokenomics, onocoy aimed to build a stable system that would serve all stakeholders well for years to come, while providing the necessary incentives to get through the critical start-up phase.

This led to the following principles:

1. The system must be economically viable and attractive to all stakeholders

2. Users must have stable service prices. And they need ease of use similar to their past experiences.

3. Reference station operators (aka miners) must have a strong incentive to provide data in the quality and availability required by users

4. Miners are de facto small investors and must participate in the long-term success of

onocoy

TOKENOMICS

These principles are translated into onocoy's tokenomics through a dual-token model with a capped, deflationary $ONO utility token and Data Credits for network utility payments.

1. $ONO drives miner incentives and governance

2. Data Credits (uncapped, fiat-pegged, non-transferable) are used for stable utility payments - purchased for accessing GNSS reference station data and burned after use