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How does Onyx work?

Onyx works by tokenizing ownership at the multisig level. Onyx grants tokenholders basic voting rights over who can be a signer on a multisig and rights over pro-rata distributions from the treasury.

Phase 1 - Create your Token​

Enter a treasury address (Ethereum Mainnet) and issue a token on https://app.onyx.bond.

1B tokens are minted directly to your treasury. From here, distribute the tokens to investors, employees, and contributors as you see fit.

Phase 2 - Establish liquidity and TGE​

Onyx uses a single-sided Uniswap liquidity structure to simulate a bonding curve. This allows you to market offer the token starting from 0 to specific market capitalization. And as a byproduct generate permanant liquidity for the token over time.

This is your intial offering, enabling the public to purchase the token. Early investors are incentivized to buy in early creating a baseline level of demand for businesses launching on Onyx.

Seeding liquidity on Onyx issues 10% more supply for the token and permanantly locks this on Uniswap

https://x.com/onyxdotbond/status/1905706822654464307

Phase 3 - Particpate in governance, share profits with investors, raise more money, issue debt.​

  • Governance on Onyx is a simple check and balance system. It allows tokenholders to propose replacing signers on the treasury in the event new leadership is required for a business.

  • Profits can be distributed to tokenholders pro-rata via buyback & burn mechanisms or stake to receive a profit stream.

  • More capital can be raised via private sales to investors or public sales on secondary markets.

  • Debt can be issued using the token as collateral (future).