$ 0.013491 USD
$ 0.013491 USD
$ 4.345 million USD
$ 4.345m USD
$ 0 USD
$ 0.00 USD
$ 0 USD
$ 0.00 USD
8.5841 billion ONE
Issue Time
2018-06-25
Platform pertained to
--
Current coin price
$0.013491USD
Market Cap
$4.345mUSD
Volume of Transaction
24h
$0.00USD
Circulating supply
8.5841bONE
Volume of Transaction
7d
$0.00USD
Change
24h
-3.96%
Number of Markets
14
Current Rate0
0.00USD
3H
-0.3%
1D
-3.96%
1W
+18.11%
1M
+9.8%
1Y
-34.97%
All
+90.94%
Aspect | Information |
Short Name | ONE |
Full Name | BigONE Token |
Founded Year | 2017 |
Main Founders | Mu Chen |
Support Exchanges | BigONE |
Storage Wallet | MyEtherWallet and MetaMask, etc. |
BigONE Token, commonly referred to as ONE, is a significant constituent of the BigONE exchange, which is a global cryptocurrency trading and financial services platform. Introduced as a utility token, ONE is primarily used within the BigONE ecosystem. Holders of the ONE token can gain benefits and participate in decision-making on the platform.
The primary uses of ONE include being utilised as a unit for paying transaction fees, token burns, and as incentives for members of the BigONE community. Furthermore, the BigONE exchange also conducts periodic token burns of ONE to reduce the circulating supply and maintain a balance in the token's market dynamics.
ONE operates on a blockchain, which is a decentralized system granting it advantages like transparency, security, and immutability. It must be noted that while the potential upside of ONE and similar cryptocurrencies is significant, they also come with certain risks, including price volatility and regulatory uncertainty.
Pros | Cons |
Used for transaction fee payment on BigONE platform | Relatively limited use case outside of BigONE ecosystem |
Incentives within the BigONE community | Price volatility inherent in most cryptocurrencies |
Participation in platform decision-making | Subject to regulatory uncertainties |
Periodic token burns to maintain market balance | Market value largely dependent on the success and adoption of the BigONE exchange |
The BigONE Token (ONE) sets itself apart through its integration within the BigONE exchange ecosystem. Its primary purpose is to function as a utility token within this specific ecosystem, which distinguishes it from cryptocurrencies that aim to serve as a general-purpose digital currency.
Some of the innovative aspects of ONE include its use for transaction fee payments on the BigONE platform. This provides added convenience and can reduce transaction costs for users who hold and use the token.
As an additional innovation, ONE Token holders are given the ability to participate in decision-making processes on the BigONE platform. This empowers users and promotes community engagement and democratic governance, which is less prevalent among other cryptocurrencies.
ONE is currently only available on the BigONE exchange. This means that users who want to buy ONE will need to create an account on BigONE and deposit fiat currency or cryptocurrency into their account. Once they have deposited funds, they can then use those funds to purchase ONE.· BigONE: This is the native exchange for ONE, and it offers a variety of trading pairs, including ONE/ETH, ONE/USDT, and ONE/BTC.
As with any cryptocurrency trading, it's always important to do your own research and ensure security procedures to protect your funds while trading. Please consult the respective exchange's website for the latest and most accurate information.
BigONE Token (ONE) is an ERC-20 token, which means it operates on the Ethereum blockchain. Therefore, it can be stored in any wallet that supports ERC-20 tokens. Here are some examples of different types of wallets you can use:
Web Wallets: These are wallets that can be accessed through a web browser. Examples include MyEtherWallet and MetaMask. These wallets are often user-friendly but may not provide the same level of security as other types of wallets.
Hardware Wallets: These are physical devices that store your cryptocurrencies offline. Examples include Ledger Nano S and Trezor. These wallets are considered the most secure because they keep your tokens offline and therefore, out of reach from hackers.
Q: What benefits can holders of the ONE token expect?
A: Holders of the ONE token have the advantage of using it for transaction fees on the platform, participating in platform decision-making, and receiving incentives from the community.
Q: What wallets can I use to store ONE?
A: As ONE is an ERC-20 token, it can be stored in any wallet that supports ERC-20 tokens, including web wallets, mobile wallets, desktop wallets, hardware wallets, and paper wallets.
Q: Who should consider purchasing ONE?
A: Individuals or entities that frequently use the BigONE exchange for trading, or those interested in the platform's governance, may find ONE appealing.
Q: What does the future hold for BigONE Token (ONE)?
A: The future of ONE depends on factors like the success of the BigONE exchange, its utility and adoption within the ecosystem, regulatory dynamics, and broader market conditions.
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