What Is ONSTON (ONSTON)?

ONSTON (ONSTON) is a blockchain-based economy-oriented multiverse platform. According to its whitepaper, Onston is a platform where the users get entertainment, game, lifestyle, and communication. Further, the Onston network aims to extend its domain to the financial services as well. The Onston platform aims to solve the reliability issue in the centralized metaverse. The metaverse is an idea of an online, virtual, 3D space linking users in all aspects of their lives. In the centralized metaverse, the organization controls the ownership of any item (land, accessories, interior supplies, etc). Therefore, there is a reliability issue for the value of metaverse items purchased or acquired by the participants. The Onston network intends to solve this problem by providing a blockchain-based NFT as-set-based multiverse platform to users.

ONSTON is the native token of the Onston ecosystem. It is an ERC20-based token. The total supply of the ONSTON token is 1,000,000,000 ONSTON. Out of the total supply, 2 percent token was for sale, 15 percent was for marketing, and 10 percent were reserved. Further, 10 percent was allocated towards the ecosystem, and 10 percent was distributed to the partners. Apart from this, 8 percent was allocated to the platform rewards, 5 percent to the partners, and the remaining 2 percent to the community rewards. Also, the Onston network offers various incentive systems for its users such as rewards for providing content, using content, purchasing content, and developers.

History of ONSTON (ONSTON)

Hwan Sup Lee is the CEO, and Kyung Chan Park is the CMO of the Onston network. According to its whitepaper, the ONSTON network claims to have achieved several milestones. In the third quarter of 2020, the Onston network made its business kick-off. Later, in the fourth quarter of 2021, the platform developed its client interface.