What is ONBUFF?
ONBUFF is a solution created to merge intellectual property management and blockchain technology. Businesses and individuals that own intellectual properties can increase the value of those properties with ONBUFF in a transparent and structured way. The platform takes care of the whole intellectual property process – this includes value assessment, registration, and settlement. Since the processes are blockchain-based, they are completed quickly and transparently.
The project has a native token called ONIT. You can check the current ONIT price on the ONBUFF price chart above.
The main aim of ONBUFF is to become the top blockchain intellectual property platform. To achieve this, ONBUFF is acquiring prominent intellectual properties through direct ownership and co-ownerships. Some of these intellectual properties include music, movies, gaming cards, video games, live entertainment, network content, and much more.
ONBUFF has designed an easy-to-use interface for companies and individuals seeking to license their intellectual properties. Besides, the ONBUFF marketplace allows users to search for the intellectual property rights they need.
The ONBUFF crypto project was founded by Kang Yong-Yi in the year 2021.
Use Cases of ONIT Tokens
ONIT acts as a utility token for the ONBUFF ecosystem. It is essentially used as the only means of payment for all the services provided on the platform. Businesses and individuals who wish to license their intellectual properties must purchase ONIT coins to do so.
Besides, royalties on intellectual properties licensed on ONBUFF are also paid to the owners in ONIT tokens. This is done to increase the demand for ONIT tokens within the ecosystem and increase ONIT price in the secondary market. As the platform expands, more use cases for the ONBUFF tokens might be added.
ONIT Tokenomics
The maximum supply of ONIT tokens is 789,885,600. Concerning the distribution of the ONBUFF coins, 35% was allocated to the ONBUFF ecosystem development, 20% was reserved for the future development of the platform, and 10% was sold during public and private sales. Moreover, to increase the popularity and adoption of ONBUFF and the ONIT token, 20% of the total supply was reserved for marketing. Finally, the team advisors were allocated 15% of the tokens, while the remaining supply was dedicated to the acquisition of popular intellectual properties for the platform.
