Roll-out

  • Platform made for demonstration purposes with limited capacity, no quality control, no tokens, and operations is best effort

    Miners provide data free-of-charge to, and clients consume data free-of-charge from the platform

    Launched in September 2022. 1200 miners onboarded until April 2023

  • Upon invitation, miners can join, contribute data, and are rewarded with Beta ONO (BONO) tokens

    Upon request, selected data users have access to a trial service on a best-effort, free-of-charge basis

  • Selected users can buy Data Credits against FIAT currencies (EUR/USD, …) and consume data in four different service level

  • Platform operational without restrictions

    Centralized validators operated by onocoy

    Contributors earn ONO tokens

  • Fully decentralized platform (e.g. validators, etc.)

    Stable operations for 2 to 3 years including compensation for undue platform downtimes

Token model

onocoy uses tokens and smart contracts to efficiently process the large number of transactions and the management of rewards for miners.

The token model (Tokenomics) is based on a deflationary burn-and-mint model that is particularly well-suited to a Decentralized Physical Infrastructure (DePIN) project like onocoy.

onocoy’s token model links the interests of miners with those of onocoy and its clients, because the miners benefit directly from the increase in value of the ONO token, which is indirectly linked to onocoy's market success.

This is in the best interest of onocoy's users, as it allows onocoy to enhance its offerings geographically, qualitatively and in terms of pricing.

  • ONO tokens are used to reward miners according to the value they provide to the project (i.e. data quality, availability and uniqueness of the location).

    ONO tokens also gives access to onocoy’s governance.

    ONOs fluctuate in value according to supply and demand, and are tradable (e.g. against USD).

  • Data Credits (DC) are exclusively used to pay for reference station data and as such, they are like a voucher.

    DCs can be bought online against EUR, USD, CHF or by converting ONO into DCs.

    The value of DCs is firmly linked to the USD, giving customers stable, predictable pricing for onocoy's data services.

Rewarding

onocoy’s rewarding concept aligns the interests of users with the ones of miners by reward for the value provided to the platform.

  • A nominal base reward scaled for quality, availability and location uniqueness

  • Incentivizes a fast network roll out

  • Incentivizes miners to cooperate in regional network rollout and regional data uptake

  • Bonus incentives where the onocoy association identifies the need. This can be a sign-up reward for new miners, dedicated incentives for a quick rollout in a certain area, etc.