ONFAPrice

(OFT)

OFT serves as the primary utility and governance token for the ONFA ecosystem, facilitating various platform functions and decision-making. In contrast, ONFA GOLD is a stablecoin specifically designed to be fully backed by physical gold, providing a direct link to real-world assets. A core feature allows users to convert their OFT holdings into ONFA GOLD. This stablecoin is pegged to the price of one troy ounce of gold in London, enabling a unique "digital-to-physical" conversion mechanism and offering stability linked to a tangible commodity.

The ONFA project features the innovative tokenization of a $120 million Picasso painting. This allows investors to acquire fractional ownership by purchasing one of 120,000 unique NFT pieces. Owning these NFTs translates to legal co-ownership of the artwork, blending high-value art investment with blockchain technology. Furthermore, these Picasso NFTs offer an additional utility: they can be utilized for "mining" or earning supplementary OFT rewards, providing both an artistic asset and a source of active participation within the ecosystem.

The ONFA ecosystem provides multiple avenues for users to earn passive income. The "ONFA Stake" feature allows users to stake their OFT or MTT tokens to receive rewards. This provides a direct way to earn by contributing to the network's liquidity and security. Additionally, the platform offers "passive interest" for simply holding certain assets directly within the ONFA wallet. This flexible approach enables users to choose their preferred method for growing their holdings, from active staking to more straightforward asset retention.

The project is undertaking a significant transition, migrating from its current utility token, OFT, to a new native Layer-1 coin, OFC. This new coin will power the upcoming "ONFA Chain," marking a crucial step in expanding the ecosystem's infrastructure. Investors frequently inquire about the timeline for this swap and how their existing OFT holdings will maintain their value during the transition. The project aims to ensure a seamless migration process designed to preserve the inherent value for token holders as they move to the new native coin on the dedicated blockchain.

Yes, the ONFA project incorporates a strategic token burn mechanism designed to manage and support the long-term value of OFT. The project has committed to allocating 20% of its monthly profits to systematically buy back OFT tokens directly from the market. These purchased tokens are then permanently removed from circulation through a burning process. This initiative will continue until 50% of the total OFT supply has been effectively burned, reducing scarcity and potentially influencing the token's value over time by controlling the overall circulating supply.

ONFA prioritizes legal compliance and robust security to protect its users. The project holds a U.S. license for digital asset exchange operations, signifying its adherence to regulatory standards within the United States. It is also registered as a Money Services Business (MSB), further solidifying its regulated operational framework. For technical security, the project has undergone comprehensive audits by CertiK, a recognized leader in blockchain security. Furthermore, ONFA implements advanced security protocols, including multi-layer authentication and encrypted custody solutions, to safeguard user assets and data.