ONYX

Our token, and everything about it.

Presale, Supply and Distribution

$ONYX has a hard-capped total supply of one million (1,000,000) tokens. The initial distribution of $ONYX will occur through a private mint event for passport holders only.

Participants will be able to mint up to 500 $ONYX tokens for each Passport held, at an initial value of 0.001 $ETH per token — meaning 0.5 ETH per passport.

The presale will be conducted in ETH. After the presale is done, the pooled ETH will go into the liquidity pool to back $ONYX and set a Baseline Value.

Any $ONYX tokens that are not minted in this event will be used to provide initial liquidity, and sold at a premium to the initial offering price.

Liquidity

$ONYX will be minted using ETH. At mint, every $ONYX token will be backed using this $ETH, establishing the Baseline Value. For more information on how this $ONYX backing operates, check out the Baseline Markets docs.

Staking and Fees

$ONYX holders will be able to stake $ONYX through Baseline Markets, which will allow them to receive a portion of the LP fees. Fees from the LP will be distributed as follows:

• $ONYX fees:

  • 50% to $ONYX Stakers

  • 50% to Kamigotchi players (as in-game incentives)

• $ETH fees:

  • 50% to Baseline Markets

  • 50% to Asphodel

Use Cases

At Kamigotchi mainnet launch, Players will be able to Re-roll their Kamis at the Vending Machine. Reroll tickets will be sold for $ONYX, priced on a Gradual Dutch Auction.

After mainnet launch, a bridge will be added to allow $ONYX to enter/exit Kamigotchi World as an in-game item. This will allow players to exchange $ONYX for MUSU with other players, and will enable other in-game use cases beyond purchasing reroll tickets.