OneSwap introduces limit orders on the basis of DEX's unauthorized currency listing and automatic market making, and improves user experience through its own OneSwap wallet. OneSwap, as a general one-stop chain transaction service platform, can be deployed on any blockchain that supports smart contracts.
ONES is an ERC20 governance token issued by OneSwap on ETH. The total supply of ONES is fixed at 100 million, of which 50% will be distributed to the community through various mining methods.
ONES is a deflationary token. According to the OneSwap white paper, the transaction fees incurred in swaps and transactions are divided into two parts: 60% go directly to liquidity providers, and 40% are used for repurchase and burning ONES. ONES will be automatically purchased and burned via buyback.
OneSwap's on-chain governance is implemented through proposals and community voting. Users with a sufficient amount of ONES (more than 1% of the total tokens) can initiate a proposal, and any user holding ONES can vote for or against the proposal.