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ONBUFF

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Discover ONBUFF's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is ONBUFF?

ONBUFF (ONIT) is a blockchain-based cryptocurrency that aims to increase transparency and accessibility in the Intellectual Property (IP) business. It supports NFTs, play-to-earn games, and Metaverse applications, providing a platform for IP owners and users to interact efficiently and economically. ONIT tokens can be used for various purposes, including staking and governance.

How is ONBUFF used?

ONBUFF (ONIT) is a cryptocurrency token used in various applications, primarily focused on intellectual property (IP) utilization, non-fungible tokens (NFTs), play-to-earn (P2E) games, and Metaverse applications. Here are some key uses of ONIT:

  1. Intellectual Property Business: ONBUFF aims to increase transparency and lower barriers to entry for IP utilization. Companies owning IP can expand their customer base globally, while businesses searching for IP can do so efficiently and economically, creating an all-winning ecosystem.

  2. NFT Digital Art: ONBUFF is involved in the NFT digital art business, which will be released on platforms like Alipay and Ali-auction through its cooperation with AntChain, an affiliate of Alibaba FinTech.

  3. Play-to-Earn Games: ONIT is used in P2E games, such as Ragnarok Labyrinth NFT, where NFTs provide in-game benefits like increased damage or movement speed.

  1. Staking and Governance: ONIT tokens can be used for staking and governance purposes, allowing holders to participate in decision-making processes and earn rewards.

  2. Trading and Swapping: ONIT can be traded and swapped with other cryptocurrencies like Bitcoin, Ethereum, and USDT on various platforms, including Atomic Wallet and PTPWallet.

These uses highlight the versatility of the ONBUFF (ONIT) token in the blockchain and gaming ecosystems.

How do I store ONBUFF?

To store ONBUFF (ONIT) tokens, you can use a variety of methods to ensure their safety and accessibility. Here are some options:

Hardware Wallets

The safest way to store ONBUFF tokens is in a hardware wallet. This method involves disconnecting the hardware wallet from the internet and storing it in a secure location, such as a safe.

Atomic Wallet

Another option is to use the Atomic Wallet, which supports over 1000 coins and tokens, including ONBUFF. This wallet is trusted by 5 million users worldwide and offers features such as private key encryption, 24/7 support, and no registration or KYC requirements.

MyEtherWallet

You can also view and manage your ONBUFF tokens in MyEtherWallet (MEW) by selecting your wallet and the ONIT token from the tokens list. This will display the token information page.

Other Wallets

Additionally, you can use other wallets that support ONBUFF tokens, such as the ONBUFF Wallet App, which is available for both desktop and mobile devices.

How to buy ONBUFF?

To buy ONBUFF (ONIT) tokens, follow these steps:

  1. Choose an Exchange: Select a reliable exchange where you can buy ONBUFF. There are only six exchanges where you can trade ONIT, with Gate and Indodax being two of them.

  2. Sign Up and Verify: Sign up on the chosen exchange's official website and complete the Know Your Customer (KYC) process. This typically involves providing identification documents and waiting for approval.

  3. Buy USDT: Use the exchange to buy Tether (USDT) using your preferred payment method, such as a credit card, debit card, or bank transfer.

  1. Exchange USDT for ONIT: Use the spot trading feature on the exchange to exchange your USDT for ONIT.

  2. Store Your ONIT: Once you have purchased ONIT, store it securely in a compatible wallet such as Trezor, Ledger, or MetaMask.

For detailed step-by-step instructions, you can refer to guides specific to each exchange, such as Gate.io.

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History of ONBUFF

The history of ONBUFF (ONIT) is marked by significant developments and partnerships. ONBUFF is a cryptocurrency project that leverages blockchain technology to enhance the transparency and accessibility of intellectual property (IP) business. The project aims to create an ecosystem where IP owners, users, and gamers can coexist and benefit from each other.

One notable milestone in ONBUFF's history is its advancement to the third stage of the ALIBABA platform run by AntChain, an affiliate of Alibaba FinTech. This cooperation will see ONBUFF's IP-based digital art released on platforms such as Alipay and Ali-auction in three stages, including the NFT digital art business, auction participation, and the Ant-Chain Digital Asset Service and blockchain-based IP Exchange platform.

Additionally, ONBUFF has introduced an NFT Marketplace where users can purchase S-NFTs using spot products. The project has also established "DevLab" for NFT technology research and development.

In terms of its token, ONIT, it has a circulating supply of 770,075,466 coins and a maximum supply of 789,885,600 coins. The token can be used for various purposes, including staking and governance.

ONBUFF has also partnered with PTPWallet, a platform that supports many cryptocurrencies and offers a simple user interface. The platform serves as an exchange and a discovery engine for other cryptocurrencies, making it easy for users to buy and manage ONIT tokens.

The project's focus on NFTs and IP business has led to the creation of unique digital assets, such as the Pet NFTs for Ragnarok Labyrinth NFT, which provide benefits to game players and are backed by blockchain technology.

Overall, ONBUFF's history is characterized by its innovative approach to IP business and its strategic partnerships, which have positioned it as a significant player in the cryptocurrency market.

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How ONBUFF works

ONBUFF (ONIT) is a cryptocurrency that operates on a blockchain network. It is designed to facilitate a win-win ecosystem where intellectual property (IP) owners, users, and gamers can coexist and create additional value. Here's how it works:

NFT Marketplace

ONBUFF has introduced an NFT Marketplace where users can purchase S-NFTs using spot products. This marketplace allows for the creation and trading of unique digital assets, which are backed by blockchain technology. This ensures that these digital assets are secure and cannot be hacked.

Token Usage

The ONIT token is the native cryptocurrency of the ONBUFF ecosystem. It can be used for various purposes such as staking and governance. This means that holders of ONIT tokens have a say in the decision-making process of the project and can participate in staking activities to earn rewards.

Security

ONBUFF's network is secured using Layer-2 solutions, which are built on top of existing blockchains like Ethereum and Bitcoin. These solutions aim to improve transaction speeds, lower gas costs, and enhance overall security. ONBUFF has published NFTs on Polygon, a well-known Layer-2 solution, to ensure the integrity of its digital assets.

Wallet Support

ONBUFF is supported by various cryptocurrency wallets, including PTPWallet, MyEtherWallet, and Atomic Wallet. These wallets allow users to manage their ONIT tokens, view their balances, swap, send, and receive tokens securely. Atomic Wallet, in particular, is a multi-asset wallet that supports over 1,000 coins and tokens, including ONIT.

Buying ONIT

To buy ONIT tokens, users need to open an account with a crypto trading platform, deposit fiat currency, and then swap it for ONIT using BTC, ETH, or USDT pairs. The tokens can be stored in a supported wallet for safekeeping and future use.

Circulating Supply

ONBUFF has a circulating supply of 770,075,466 ONIT coins and a maximum supply of 789,885,600 ONIT coins. This limited supply helps maintain the value of the token and prevents inflation.

Partnerships

ONBUFF has partnered with AntChain, an affiliate of Alibaba FinTech, to advance its platform. This partnership will allow ONBUFF's IP-based digital art to be released on platforms like Alipay and Ali-auction, further expanding its reach and use cases.

Overall, ONBUFF (ONIT) is a cryptocurrency that leverages blockchain technology to create a secure and decentralized ecosystem for digital assets, NFTs, and gaming. Its token, ONIT, is an essential part of this ecosystem, enabling various use cases and providing value to its holders.

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ONBUFF's strengths

The token ONBUFF (ONIT) has several strengths that contribute to its potential in the cryptocurrency market:

  1. Decentralized Gaming Platform: ONBUFF aims to revolutionize the gaming industry by providing a decentralized platform for gamers, developers, and content creators to interact and exchange value. This platform leverages blockchain technology to create a transparent and secure ecosystem for users to buy, sell, and trade in-game items, virtual assets, and digital content.

  2. Exclusive Features and Rewards: ONIT tokens grant users access to exclusive features and allow them to participate in rewarding programs. This encourages user engagement and fosters a vibrant gaming community.

  3. Empowering Creators: ONBUFF empowers individuals to monetize their skills and creations in a fair and efficient manner, promoting a sense of ownership and control over digital assets.

  1. Market Potential: ONBUFF has a significant market capitalization and trading volume, indicating a strong presence in the cryptocurrency market. Its price predictions suggest potential growth in the coming years, with some forecasts expecting it to reach new heights by 2025 and beyond.

  2. Technical Analysis: ONBUFF's technical indicators, such as the Relative Strength Index (RSI), can help identify potential areas of price reversal or breakthrough, making it easier for investors to make informed decisions.

These strengths position ONBUFF as a promising cryptocurrency project with a focus on gaming and digital content, offering users a unique and rewarding experience.

ONBUFF's risks

ONBUFF (ONIT), a cryptocurrency, is associated with several financial risks that investors should be aware of before investing. One of the primary risks is market risk, which is the risk associated with the general movements of financial markets. This means that the value of ONIT can fluctuate significantly due to broader market trends, potentially leading to losses for investors.

Another significant risk is price volatility. Cryptocurrency prices are known to be highly volatile, and ONIT is no exception. This volatility can result in sudden and significant changes in the token's value, making it difficult for investors to predict its performance.

Investors should also be cautious of the high risk of losing some or all of their investment. Trading in cryptocurrencies involves high risks, and ONIT is not exempt from this. It is essential for investors to thoroughly understand the risks involved and only invest in products they are familiar with.

Additionally, investors should be aware of potential scams or fraudulent activities associated with ONIT. While there is no conclusive evidence of ONIT being a scam, it is crucial to exercise caution and do thorough research before investing in any cryptocurrency.

In summary, ONBUFF (ONIT) carries significant financial risks, including market risk, price volatility, and the risk of losing investments. Investors should carefully consider these risks and conduct thorough research before making any investment decisions.

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ONBUFF's ecosystem

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ONBUFF’s team

  • Austin Owens: Chief Financial Officer, responsible for financial strategies and operations, ensuring scalable operations and processes to support Onit’s customer-centric focus.
  • Michelle Culp: Chief Revenue Officer, responsible for Onit’s integrated, global go-to-market strategy and execution, with a track record of delivering consistent revenue growth.
  • Melanie Shafer: Chief Customer Officer, responsible for managing customer success and professional services, ensuring customer satisfaction and professional development.
  • Bernie Barcio: Oversees engineering and development efforts, focusing on software delivery and team management.
  • Nathan Peirson: People function and executive, emphasizing the importance of associates in Onit’s success.
  • Kang Yong Yi: Founder and CEO of ONBUFF, leading the project’s overall direction and strategy.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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