💫Community Plugins

Plugin Fee Mechanics

The ONCE ecosystem incorporates a transparent and dynamic fee structure for third-party or "community" plugins, ensuring that developers are fairly compensated while also fostering community engagement and sustainability. Upon the installation of a plugin, a fee is processed based on the percentage of the cap established by the plugin developer. This system not only incentivizes developers to create high-quality plugins but also contributes to the overall health of the ONCE ecosystem. The plugin fee split outlined below is subject to adjustment via governance proposals.

Once a plugin fee is charged during installation, the revenue generated is automatically distributed according to the following breakdown:

• 60% to the Plugin Developer: The majority of the fee, 60%, is allocated directly to the plugin developer. This substantial share serves as a strong incentive for developers to create and maintain valuable plugins that enhance the ONCE ecosystem. By rewarding developers fairly, ONCE encourages continuous innovation and improvement of functionalities available to users.

• 20% Distributed as Staking Rewards: To promote active participation and engagement within the ecosystem, 20% of the plugin fee is allocated as staking rewards. This portion incentivizes $OET holders to stake their tokens, thereby enhancing liquidity and stability within the ONCE ecosystem. These staking rewards are automatically swapped to $OET via DEX and added to the staker’s staked balance. By distributing rewards, ONCE fosters a sense of community ownership and encourages users to actively contribute to the platform's growth.

• 19% to the Treasury: A crucial aspect of sustaining the ecosystem's financial health is ensuring a steady influx of revenue into the treasury. Therefore, 19% of each plugin fee is directed to the ONCE treasury. This revenue supports ongoing development initiatives, operational costs, and future enhancements, ensuring that ONCE can continue to innovate and expand its offerings.

• 1% Immediately Swapped on a DEX with $OET (and $OET Burned): To further enhance the value of $OET and promote scarcity within the ecosystem, 1% of each plugin fee is immediately swapped on a decentralized exchange (DEX) for $OET. This transaction not only increases demand for $OET but also contributes to its deflationary mechanism by burning the acquired tokens. By reducing the total supply of $OET over time, this process aims to enhance its value for all holders.

The third-party plugin fee mechanics within the ONCE ecosystem are designed to create a balanced and sustainable economic model that benefits developers, stakers, and the community as a whole. By implementing this transparent distribution structure, ONCE aims to foster an environment where innovation thrives while ensuring that all stakeholders are rewarded for their contributions.