FAQ

Who is Onyx for?

Founders of small-med web3 businesses that are pre-token. Onyx can help tokenize and make your business liquid. We will eventually invite non-web3 businesses to Onyx, but cash flows and assets will have to be migrated onchain.

Can I raise VC money if I'm already on Onyx?

Yes, Onyx is a tokenization platform. After listing on Onyx you still have full control over the tokens and you can issue more tokens as needed (for example to issue more equity to investors).

Do I need to have a multisig to list on Onyx?

Yes, Onyx only works by tokenizing at the multisig level. Eventually, tokenholders will be able to perform onchain governance and are eligible for automatic streaming of distributions.

If there's already Echo and Legion, why Onyx?

Onyx is not a replacement to those platforms, but an extension. Onyx is for projects that have already raised funding via Echo and Legion and are ready to launch a token.

Is the idea new?

No, protocols and projects in web3 have been issuing tokens for years now. However, every project has a different standard for their governance and distributions. They also have complicated, opaque structures for managing their cash flows even though it's all onchain. Onyx is about bringing it all under one, easily issueable standard.