onocoy Documentation
  • 1. INTRODUCTION
    • What is Onocoy?
  • Why GNSS matters?
  • Mission and Vision
  • 2. How It Works (DePIN + GNSS)
    • DePIN for GNSS
  • Decentralizing correction data
  • Benefits for users and miners?
  • 3. Become a Miner
    • Hardware recommendations
    • Installation guide
    • Connect your station to onocoy
    • Data Validation
  • Receive rewards
  • Data quality standards
  • Reward calculation
    • Location Scale
  • Explorer
    • Sky Map
  • 4. Get GNSS Corrections
    • Getting datacredits
    • Setting of the credentials
    • Configure the GNSS receiver
    • Setting up a GNSS receiver (to delete)
  • Service levels
  • 5. Token and Incentives
    • ONO token utility and design
  • Tokenomics
  • Mining rewards breakdown
  • Token release strategy
  • 6. How to Contribute.
    • Deployment partners
    • Hardware partners
  • Rooftop partners
  • Distribution partners
  • 7. Governance and Community
    • DAO & voting
  • 8. FAQ / Troubleshooting
    • Top miner questions
      • Explaining datum shifts
  • Correction usage issues (WIP)
  • Support contact
  • Glossary
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  • 🪙 Total Supply
  • 🔓 Token Allocation & Release Schedule
  • 📉 Deflationary Model
  • 🔄 Utility and Conversion
  • 🧮 Summary: Token Release Mechanics

Token release strategy

Onocoy’s token release strategy is designed to balance early growth incentives with long-term sustainability, using a deflationary and vesting-based model. Here's a complete breakdown:

🪙 Total Supply

  • Capped at 810 million ONO tokens

🔓 Token Allocation & Release Schedule

Stakeholder

Allocation

Release Type

Community (miners, validators, etc.)

40%

Continuous emission, 4-year halving schedule

Ecosystem Development Fund

22%

Continuous + lock/vest + halving

Investors

24%

One-time + linear monthly vesting

Team

10%

One-time + lock & vesting

Listing & Market Making

4%

One-time

🔁 Vesting ensures gradual release of tokens to:

  • Reduce dumping risk

  • Align long-term incentives

  • Encourage ongoing contributions

📉 Deflationary Model

  • New ONO tokens are released according to a halving schedule, similar to Bitcoin:

    • 16% reduction in new supply per year

    • Results in no new tokens after several years

  • This affects miner/validator rewards, gradually decreasing over time

  • Burn mechanism: ONO tokens are burned when swapped for data credits, adding upward price pressure

🔄 Utility and Conversion

  • ONO can be swapped for data credits via an oracle (at a fiat-pegged rate)

  • A portion of each ONO swap is:

    • Burned (deflationary)

    • Sent to a rewards pool (to pay miners/validators)

    • Allocated to an ecosystem development fund (for growth and maintenance)

🧮 Summary: Token Release Mechanics

  • Controlled inflation → early growth and incentives

  • Halving schedule → long-term scarcity

  • Burn-and-mint model → balances fixed fiat pricing with crypto appreciation

  • Smart contract-driven on Solana → ensures transparency

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Last updated 1 month ago