🪙ONCE Ecosystem Token

The ONCE Ecosystem Token, $OET, is a fundamental component of the ONCE ecosystem, designed to drive engagement, governance, and economic sustainability. The tokenomics of $OET are structured to create value for both the treasury and the community, ensuring a robust and resilient ecosystem for all participants.

What Drives Value for the Treasury?

• Third-Party Plugin Revenue: The ONCE community will play a pivotal role in determining a cap on plugin fees, which allows each plugin developer to set a percentage of that cap as their fee. This dynamic model ensures that plugin fees can adjust based on demand within the ecosystem. As the demand for specific functionalities increases, so too can the revenue generated from these plugins. Plugin fees are split between the creator, stakers who have vouched for the validity of the plugin, and the treasury to enhance the overall value of $OET.

• SDK Support Tier: Revenue will also be generated from community support services offered to builders who opt into the SDK Support Tier. This tier provides enhanced assistance and resources for developers utilizing the ONCE SDK, creating an additional revenue stream that supports both the treasury and ongoing development initiatives. By fostering a supportive environment for builders, ONCE encourages innovation while ensuring financial sustainability.

• ONCE Scan API Tiers: The ONCE Scan platform will offer various API tiers that provide access to data and analytics regarding ONCE contracts and their activities. These API tiers will generate revenue based on usage, further contributing to the treasury. By monetizing access to valuable insights and data, ONCE enhances its financial foundation while promoting transparency and informed decision-making within the ecosystem.

What is $OET Used For?

• Governance: Holders of $OET will have the power to participate in governance decisions within the ONCE ecosystem. This includes voting on proposals related to protocol upgrades, treasury allocations, and other critical aspects of ecosystem development. By empowering community members with governance rights, ONCE fosters a decentralized decision-making process that aligns with the values of Web3.

• Staking on Third-Party Plugins: $OET can be staked on third-party plugins within the ecosystem, providing users with opportunities to earn rewards while supporting and vouching for their favorite functionalities. This staking mechanism incentivizes participation and engagement, allowing users to contribute to the growth of the ecosystem while benefiting from potential returns. It also provides a mechanism for gauging trust in third-party plugins.

• Ecosystem Funding & Grants: A portion of $OET will be allocated for funding initiatives that promote development within the ecosystem. This includes grants for innovative projects, research initiatives, and community-driven efforts aimed at enhancing the overall functionality and reach of ONCE. By providing financial support for diverse projects, ONCE cultivates a vibrant ecosystem where creativity and innovation can flourish.

What is the Allocation for $OET?

• Community — 53%: The majority share of 53% is reserved for community initiatives, ensuring that users have a substantial stake in the ecosystem's success. This allocation empowers community members to actively participate in governance, development projects, and other collaborative efforts aimed at enhancing the ONCE platform.

• Early Contributors — 22%: A significant portion of $OET is allocated to early contributors who have played a crucial role in shaping the ONCE ecosystem. This allocation recognizes their commitment and incentivizes continued involvement in future developments.

• Early Users — 3%: To reward early adopters who engage with the platform from its inception, 3% of $OET is designated for the earliest users. This allocation serves as an acknowledgment of their support and encourages ongoing participation in the ecosystem.

• Investors — 22%: Investors who believe in the vision of ONCE will receive 22% of $OET as part of their investment strategy. This allocation aligns their interests with those of the community and promotes long-term commitment to the project.

Through these thoughtfully designed tokenomics, $OET aims to create a sustainable economic model that drives value for both participants and the treasury. By emphasizing governance, utility, and community engagement, ONCE fosters an inclusive environment where all stakeholders can thrive together in a decentralized future.