oneBanking Whitepaper
  • 👋Welcome to oneBanking!
  • About us
    • 🚀Vision, Mission & Focus
      • Vision
      • Mission
      • Focus
    • 💖Values
  • Team
    • 👋Meet the Team!
  • Introduction
    • 📱Overview of the banking app
    • ⚡Objective and vision of the app
    • 🪙Importance of integrating crypto and fiat currencies
  • IBAN Account Features
    • 💱Setting up the IBAN account
    • Use of Multiple Currencies
    • 📲Making transfers and setting up standing orders
    • 💳Credit card functionality
    • 🔐Security measures and data protection
  • Crypto Integration
    • 💱The most important functions of cryptocurrencies
    • 💶Converting between crypto and fiat currencies
    • 📊The integration of an Exchange and Wallet
    • 💹The all-in-one exchange
  • Bonus Points and Rewards
    • 🎁Introduction to the Reward System
    • 🎯Bonus Points and Multipliers
    • ✖️Our Multipliers Explained
    • 👊Earning opportunities through an investment
    • 📳Earning opportunities through app activities
    • 📈Converting bonus points into tokens
  • AI Features
    • 🚗Introduction to AI-powered insurance services
    • 📊Personalized investment and saving recommendations through AI
    • 🎶Automation of transactions and standing orders
    • ⛑️Financial Coaching
    • 📶AI Trading Indicator
    • 🤖Expansion of AI capabilities
  • Token
    • 🪙Introduction to oneToken
      • Role of Tokens in the Ecosystem
    • ⚙️Token-Eigenschaften
      • Definition Utility Token
      • Technical Specifications
      • Total Amount and Their Significance
    • 🫴Token Distribution
    • ⏰Schedule and Phases of Distribution
    • 🔩Use Cases and Benefits
    • 🌐Token Economic Model
    • 🏴Roadmap and Future Prospects
  • Security and Privacy
    • 🔐Measures to ensure the security of user data and funds
    • 🏛️Compliance with regulatory requirements
  • Future Plans and Development
    • 🛫Roadmap for future features and services
    • 💭Involving the community in development
    • 🤝Partnerships and integrations with other financial service providers
  • FAQs
    • ⁉️Answers to frequently asked questions regarding the app's use, security, and handling of crypto
  • Conclusion
    • 📣Summary of key points
    • 💬Invitation to join the community
    • 📧Contact information and support
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  • Implementation of an Exchange
  • Implementation of Secure Hardware Wallets
  1. Crypto Integration

The integration of an Exchange and Wallet

It is necessary that we pursue two approaches for ONE.

Implementation of an Exchange

To ensure that not just the most important cryptocurrencies are available in ONE, it's necessary to implement an exchange in ONE. For experienced crypto users, it's a necessity to be able to trade many different blockchains and tokens. Since implementing this feature into the first versions would be far too complex, we are opting for the approach of integrating a crypto exchange. As it is simply necessary for the security of our users, we will rely on regulated and licensed partners. The safety of our users is our top priority, and ONE is not a platform that facilitates money laundering or tax evasion. These are also the prerequisites for collaborating with our partners and the providers of credit cards.

Even though a crypto exchange is considered one of the more "complex" features for newcomers, its implementation is indispensable in order to satisfy more experienced users.

Implementation of Secure Hardware Wallets

In the first version of our app, we don't plan to implement all Web 3.0 features. This would simply overwhelm the average user and carries a large potential for danger. A wallet hack mainly occurs when the user connects with dangerous smart contracts and as a result, the wallet can be emptied. Without using a hardware wallet, transactions no longer have to be externally confirmed.

Therefore, we have decided to create the possibility of integrating a hardware wallet directly into our ONE app. In some account packages, the hardware (in the form of a credit card) is sent to the user for free, while smaller packages will incur a small fee for the hardware wallet.

Through this approach, we ensure that our users are spared the experience of their wallets being hacked. Higher security comes at a price, but for ONE, this route is absolutely necessary to prevent users from associating a hack with ONE's security.

For a complete Web3 implementation, a good knowledge base is necessary. The next steps on our roadmap include expanding into a full Web3 app, however, the exact details for this have not yet been established.

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Last updated 1 year ago

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