ONFA - Whitepaper

ONE FOR ALL

1. Introduce

In the digital era, the cryptocurrency market has emerged as a formidable asset class, requiring advanced, secure and user-friendly platforms.

ONFA was established on December 24, 2023, marking the beginning of a new chapter in investment strategy and asset management in Asia. Focus on blockchain's potential to redefine financial transactions. The ONFA app is designed to empower investors with seamless control over their crypto assets.

This white paper details ONFA's strategic approach to integrating cutting-edge technologies with traditional investment tools, promoting a secure, efficient and profitable ecosystem for asset management digital.

2. ONFA Cryptocurrency Wallet

ONFA was built with a focus on making the exchange between digital assets and fiat currencies simpler than ever, making it possible for anyone to participate in cryptocurrency investing. ONFA's main customers are new people who are investing in cryptocurrency for the first time or people who do not have much experience in trading. ONFA focuses on the following main product groups:

  1. Payment: Pay, shop, and consume directly from fiat money inside the wallet

  2. Custodial: Store, send/receive cryptocurrencies and support fiat currency transactions.

  3. Investing: Buying, selling and managing your investment portfolio is extremely easy and convenient.

  4. Earning: Passive overnight interest up to 12% when storing VNDT, USDT and other assets at ONFA (interest paid daily)

3. ONFA License

ONFA officially received license number 001393771 on January 16, 2024 for digital asset exchange operations from the US government.

This license will enable ONFA to provide crypto asset trading operations, custody services, digital asset wallets and portfolio management to users globally under the supervision of its regulators. regulatory agency in the United States.

In addition, ONFA is also licensed to buy, sell, and collect works of art as well as Digital NFT art products. See details

4. ONFA Ecosystem

5. Business model

ONFA's Profits Come From The Following Activities:

1

Revenue from selling and exchanging NFT digital assets.

2

Revenue from transaction fees, fiat deposit/withdrawal fees, crypto deposit/withdrawal fees.

3

Revenue from participating in liquidity mining.

4

Revenue from consumption, shopping, and payment from transaction cards.

5

Revenue from cash management and investment.

6

Revenue from listing partners' new digital assets.

6. ONFA TOKEN ( OFT )

The focus of the ONFA ecosystem is the secure storage of digital assets. Through the use of OFT (Global ONFA Token) and other digital currencies, users can grow their assets within ONFA's platform. Emphasizing security, ONFA deploys advanced encryption and multi-layer authentication to protect user assets.

OFT is a utility token used throughout the ONFA ecosystem, deployed on two independent platforms: Binance Smart chain and ONFA chain (a Blockchain platform owned by ONFA itself and providing a network ) maximum supply is 500,000,000 OFT (burn only and cannot create more). OFT's smart contracts have been thoroughly audited by Certik before being officially deployed on blockchain networks. Specific information is as below:

Information
Details

Name

OnFA

Symbol

OFT

Decimal

8

Blockchain

Binance Smart chain, ONFA chain

Logo

Total Supply

300,000,000 (Binance Smart chain) 200,000,000 (ONFA chain)

Token Type

Utility Token

Contract

BSC Url: Click here OFS Url: Click here

7. Mining OFT

ONFA leverages the power of blockchain technology to ensure transparency and security in art ownership. Limited to just 150,000 NFT pieces, each NFT piece is not only a piece of the painting, but also a unique art ownership and investment opportunity.

"Financial Model and Token" official report from ONFA. This section will explain the strategic approach to NFT mining OFT rewards in ONFA, highlighting how the rewards are designed to be halved for every 50 million OFT tokens mined. This mechanism aims to incentivize early participation in the ecosystem, effectively manage inflation, and ensure long-term stability and growth of the platform by carefully regulating the supply of OFT tokens.

To be able to start mining OFT, users must own NFT and stake it in a smart contract. The mining plan will begin to be implemented and the duration for mining is a maximum of 720 days. During the mining period, the user's NFT will be temporarily held in the smart contract and rewards will be paid out every day, specifically after 24 hours from the time of mining.

8. Calculator

The reward for OFT mining will be designed according to the following formula:

Token
Value received daily

0 - 50,000,000

20 OFT

50,000,001 – 100,000,000

10 OFT

100,000,001 – 150,000,000

5 OFT

150,000,001 – 175,000,000

2,5 OFT

175,000,001 – 187,500,000

1,25 OFT

187,500,001 – 193,750,000

0,625 OFT

193,750,001 – 196,875,000

0,3125 OFT

196,875,001 – 198,437,500

0,15625 OFT

198,437,501 – 199,218,751

0,078125 OFT

Unique NFT mining reward mechanism, where rewards are halved for every 50 million OFT mined, incentivizes early participation and sustainable platform growth. This strategy helps manage the token offering, ensuring long-term value for stakeholders.

9. Token allocation

The total amount of OFT will be allocated as follows:

Allocation
Percent
Quantity
Time (Vesting)

Mining

40%

200,000,000

Unlock 100%

Private sale

5%

25,000,000

Reserve, unlock magnetically January 1, 2025 with main long-term vesting book

Strategic partnership

10%

50,000,000

Reserved, unlocked from

April 20, 2026 with long- term vesting policy

ONFA founding team

20%

100,000,000

Unlocked from January 1, 2027, vesting 1% quarterly

Liquidity

10%

50,000,000

Unlock when needed

Broker allocation, VIP accounts

5%

25,000,000

Unlock 100%

DEFI ONFA ecosystem

10%

50,000,000

Unlock when needed

10. Value of OFT

Safety and Security: Top Priorities

ONFA not only focuses on innovation and profit optimization, but also places a high priority on safety and security. With advanced encryption technology and strict security measures, the ONFA Wallet application ensures that users' assets and information are always protected in the best way. Whether you are trading, investing, or simply storing assets, you can trust ONFA to protect you from any potential risks.

Global Connectivity: Easy Access, Anywhere

ONFA is not limited to any one country or region. With global connectivity, users from all over the world can access and take full advantage of the ONFA platform's features. Wherever you are, you can enter the cryptocurrency market, invest, and grow your wealth with full support from the ONFA digital wallet.

Burning policy

We commit to spend 20% of our profits each month to buy back OFT from the market and remove circulation (burn) until the number of OFT in the market is only 50%. This is a way for OFT to increase its value to investors who trust and hold OFT. Every month ONFA will have a specific report on the number of OFT purchased & burned, updated at https://onfa.io (starting from December 2024).

11. Roadmap

ONFA is constantly developing and always puts the interests of the community first. With the desire to build a solid foundation, ONFA will aim to reach 10 million users and be present in 50 countries by 2027.

20/4 -30/4

Seed Sale 20,000,000 OFT (Opening price 0.1 USDT)

20/05 - 30/05

Private Sale – 10,000,000 OFT (Opening price 0.5 USDT)

06/2024

Launchpad & Listing at P2PB2B (Opening price 1.0 USDT)

07/2024

Launchpad & Listing on OKX (Opening price 1.5 USDT)

08/2024

Complete the product ecosystem

  • ONFA AI Trading

  • ONFA P2P Exchange

  • ONFA Farm

Q4/2024

Connect to Fiat transaction portal:

  • Issuing ONFA Visa Debit Card transactions

  • Deposit/withdrawal portal for Fiat Visa Card, Credit Card, etc.

Q1/2025

Launching the global trading platform ONFA Marketplace (integrating shopping

and consumption with ONFA cards)

Q2/2025

Launch of ONFA decentralized wallet. Trade directly on the web 3.0 platform

Q1/2026

Reached the milestone of 5 million users and is present in 20 countries.

Q1/2027

Reached the milestone of 10 million users and is present in 50 countries.

12. Founder Team

We stand on the threshold of a promising future where every individual, regardless of origin or status, is empowered to create their financial destiny. Our dream is not just a distant vision, it is a deep commitment to eliminating barriers, bringing equal financial opportunity to everyone. We don't stop at believing in a world without discrimination in access to the tools of wealth - we're taking action to make it happen.

With the support of the latest technology, we are committed to bringing:

  • Safe, user-friendly digital financial investment tools: Each of our products is designed to ensure that anyone can use it easily and safely, from beginners to investors. veteran.

  • Break down all investment barriers: We do not accept any limitations imposed by borders, complex knowledge, or minimum capital requirements. Our goal is to make investing easy and accessible for everyone, everywhere.

ONFA's platform, created based on smart mobile phones - a device almost everyone has, not only brings convenience but also ensures safety and ease of use for everyone. ONFA believes that, soon, no one will be left behind in this technological revolution. Financial democratization will become a reality, opening the door to wealth and prosperity for every individual, regardless of country or economy. Led by two founders and a passionate team, ONFA is more than a platform, it is a symbol of innovation, equality, and opportunity.

Join us in making history, building a fair and sustainable financial future for everyone, everywhere in the world.

Last updated

Was this helpful?