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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On this page
  • What conclusions do we draw from this?
  • Use case of oneToken
  • Further Use Cases
  • Extreme Case
  1. Token

Use Cases and Benefits

In the realm of cryptocurrencies, a lot of emphasis is placed on the use case of a token. However, if you consider Bitcoin, for example, the use case is not as important as you might think. Much more, it's about the trust of the investors, as with any monetary system.

What conclusions do we draw from this?

We have decided against paying for marketing, team, or other expenses with the token. This inevitably leads to many tokens being dumped on the market after the listing, causing the price to drop.

At ONE, only the users and investors are the owners of tokens. Since one would not want to lose the multiplier, only tokens will be sold for profit. Additionally, the repurchase with 10% of ONE's earnings inevitably results in tokens being removed from the market.

So even if there were absolutely no new buyers, the price would be supported in the long term by the buybacks. Additionally, 2% of these are burned, which continually reduces the circulating supply.

Having invested many years into new projects ourselves, we know very well the inner workings of many projects. Many have fallen flat on their face with their investment. Therefore, it is a personal concern of ours to try it a different way, so that the users and investors will always be the winners, as long as the project is alive - and we'll achieve that together.

Use case of oneToken

The most important use case is that for every oneToken you hold in your wallet, you receive a bonus point per month. This point can also be increased through multipliers. This ensures that the token holders always receive the largest share of the reward pool.

For instance, if you hold 10,000 oneToken in your wallet and have activated 15 multipliers, you receive 150,000 bonus points each month for holding your tokens. This ensures that token holders always receive the largest share from the reward pool.

Further Use Cases

If you think about Binance for example, and compare the token with BNB, BNB has much more use cases. However, Binance has the ability to create the coin infinitely. Therefore, the token holder relies on Binance only circulating as many tokens as necessary to keep the price stable. ONE earns fiat currency and therefore tokens are repeatedly bought back from the market with fiat money. With ONE, the exact opposite happens compared to BNB, for instance, we are always removing tokens from the market.

Extreme Case

In the extreme case that everyone wants to sell their tokens, each repurchase with 10% of the income would take a huge amount of tokens off the market. If you are the person holding all the oneTokens in your wallet, you get the most bonus points out of all the users, thus securing the largest share of the rewards. Because 10% of ONE's revenues are used for the buyback and burning of tokens, the token can never completely lose its value.

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Last updated 6 months ago

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