Whitepaper
1. Introduction
Onus Card is an innovative financial solution that bridges the gap between digital assets and real-world spending. Seamlessly integrated into the Onus ecosystem, Onus Card empowers users to convert their crypto holdings into fiat currency instantly, enabling effortless transactions at millions of merchants worldwide. With advanced security measures and a streamlined user experience, Onus Card represents a next-generation payment tool designed for the modern digital economy.
2. Technology & Features
2.1. Blockchain-Powered Transparency & Security
Onus Card leverages blockchain technology to ensure secure and transparent transactions. By linking directly to users’ cryptocurrency wallets, the card facilitates seamless asset management and real-time fund utilization.
2.2. Multi-Currency Support
Supports major cryptocurrencies including BTC, ETH, USDT, BNB, VNDC, and ONUS.
Automatic conversion of digital assets into fiat currency at the time of payment, ensuring smooth transactions without manual intervention.
2.3. Global Usability
Accepted at millions of merchants worldwide, both online and in-store.
Enables contactless and physical card payments, ensuring convenience across different transaction types.
2.4. High-Speed Transactions
Instant payment processing with minimal latency.
Comparable to traditional banking cards, providing a seamless and familiar payment experience.
2.5. Rewards & Loyalty Program
Users earn 1% cashback on transactions, credited in ONC points.
ONC points can be accumulated and redeemed for vouchers or used for trading.
2.6. Smart Card Management
The Onus mobile app allows users to track balances, view transactions, and manage their card in real-time.
Instant card lock/unlock functionality enhances security and user control.
3. Tokenomics
Onus Card is powered by the ONC token, designed to incentivize usage and support the ecosystem’s sustainability. The token distribution is as follows:
Deflationary Mechanism: A portion of transaction fees will be used to buy back and burn ONC, reducing total supply over time.
- Presale:
20% (1,000,000 ONC).
- Ecosystem Development:
35% (1,750,000 ONC).
- Strategic Investors:
15% (750,000 ONC).
- Team & Advisors:
20% (1,000,000 ONC).
- Marketing & Rewards:
10% (500,000 ONC).
4. Development Roadmap
Phase 1: Research & Development
- Develop a blockchain-integrated payment system.
- Establish partnerships with financial institutions to issue the card.
- Integrate Onus Card into the Onus ecosystem for seamless transactions.
Phase 2: Beta Launch & Market Expansion
- Release a beta version for early adopters.
- Expand cryptocurrency support to include additional assets.
- Drive adoption by increasing global acceptance through merchant partnerships.
Phase 3: Ecosystem Growth & Advanced Features
- Enhance the user experience with staking, cashback multipliers, and AI-driven financial insights.
- Develop additional financial services such as credit lines backed by crypto holdings.
- Expand the payment network through collaborations with major financial and fintech entities.
5. Security & Compliance
- Security: Onus Card employs advanced encryption protocols, two-factor authentication (2FA), and AI-driven fraud detection to ensure maximum security.
- Regulatory Compliance: Adheres to global financial regulations, KYC (Know Your Customer), and AML (Anti-Money Laundering) policies to maintain legal integrity and user protection.
6. Community & Partnerships
Onus Card is committed to fostering a strong ecosystem through strategic collaborations with:
- Banks and financial institutions to facilitate fiat integration.
- Cryptocurrency exchanges to enhance liquidity and accessibility.
- Global payment networks to drive widespread adoption and usability.
7. Conclusion
Onus Card represents a revolutionary step in integrating cryptocurrency into daily financial activities. With its seamless payments, high security, direct Onus app integration, and rewarding incentives, Onus Card provides a comprehensive financial solution for crypto users worldwide. By merging blockchain technology with real-world usability, Onus Card is set to redefine the future of digital finance.