> For the complete documentation index, see [llms.txt](https://onex-3.gitbook.io/onex-document/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://onex-3.gitbook.io/onex-document/coin/tokenomics.md).

# Tokenomics

## 15.1 Token Overview

| Property     | Value                              |
| ------------ | ---------------------------------- |
| Token Name   | ONEx                               |
| Total Supply | 500,000,000 (fixed, no minting)    |
| Blockchain   | Polygon (ERC-20) → ONEx Chain (L2) |
| Governance   | DAO with quadratic voting          |

## 15.2 Token Utility

The ONEx token provides real utility across all three products:

| Use Case             | Benefit                                                |
| -------------------- | ------------------------------------------------------ |
| Fee discounts        | Up to 60% reduction in transaction fees                |
| Staking rewards      | 8–40% base APY (up to 120% with loyalty multiplier)    |
| Governance voting    | Participate in DAO decisions across all three products |
| Credit score boost   | ONEx token holders receive credit score bonus          |
| Priority access      | Early feature access, priority support                 |
| Liquidity mining     | Earn additional rewards for providing liquidity        |
| Gasless transactions | ONEx subsidizes gas for token holders                  |
| Anti-dump protection | Holding rewards loyalty — selling is disincentivized   |

## 15.3 Vesting Schedule

| Category           | Allocation | Cliff              | Vesting                    |
| ------------------ | ---------: | ------------------ | -------------------------- |
| ICO Investors      | 30% (150M) | 18 months          | 10% per month (10 months)  |
| Staking Rewards    | 20% (100M) | None               | Ongoing emissions          |
| Protocol Liquidity |  15% (75M) | None               | Protocol-owned permanently |
| Promoters          |  10% (50M) | 11 months post-ICO | 10 months                  |
| Ecosystem          |   5% (25M) | None               | Milestone-gated            |
| Treasury           |   5% (25M) | None               | Governance-controlled      |
| Buyback Reserve    |   5% (25M) | None               | ABR contract               |
| Team & Advisors    |   5% (25M) | 11 months post-ICO | 10 months                  |
| Foundation         |   3% (15M) | None               | Community development      |
| Marketing          |   2% (10M) | None               | Milestone-gated            |

## 15.4 Fee Structure & Token Burns

| Fee Type          | Rate     | Burn Portion                   |
| ----------------- | -------- | ------------------------------ |
| Swap fee          | 0.1–0.3% | 40% of protocol's share burned |
| Payment fee       | 0.1–0.5% | 40% burned                     |
| IEV exit spread   | Variable | 50% burned                     |
| SEM exit discount | Variable | 40% burned                     |
| ADTL sell tax     | 1–25%    | Variable by tier               |

Every burn is recorded on-chain with transaction hash. Weekly burn report published automatically.

## 15.5 Governance

| Vote Type            | Requirement       | Timelock  |
| -------------------- | ----------------- | --------- |
| Standard proposals   | 51% majority      | 48 hours  |
| Critical parameters  | 66% supermajority | 168 hours |
| Emergency (security) | 7-of-12 multisig  | Immediate |

**Anti-Capture Measures:**

* No wallet can cast >5% of total votes in any single proposal
* Emergency veto by Guardians Council (5 elected independent members)
* All votes recorded on-chain
* Quadratic voting prevents whale dominance: votes = √(tokens) × time\_weight
* Flash loan governance protection: snapshot-based checkpoints (balances at block N-1 determine voting power for proposals at block N)