What is OneLedger (OLT)?
OLT is the native token of OneLedger, which is a Blockchain-as-a-Service (BaaS) platform created to help businesses and organizations build and launch blockchain applications and services through a simple and fast process.
Make sure to check the OneLedger price chart above if you care to see the live OLT price.
As crypto adoption increases worldwide, businesses are seeing good reasons to integrate their operations with blockchain technology. However, launching these platforms may be difficult and sometimes too expensive for businesses, especially small ones. OneLedger helps these businesses create and launch customized blockchain solutions.
OneLedger was founded by David Cao in 2017. Before starting OneLedger, David worked for 10 years in architecture, gaining valuable experience on various projects for different businesses.
OneLedger has built its own blockchain from the ground up. This blockchain supports cross-chain activities, thus, it has the ability to communicate and interact with other blockchains. The OneLedger blockchain has a mainnet called Kratos and a testnet called Frankenstein.
The company has many clients across sectors like assets management, health care, credit automation and management, supply chain and logistics, grants and contributions for charities, and non-governmental organizations. OneLedger is a good solution for businesses, as it is scalable and affordable to manage. It has faster transaction speeds and one of the lowest transfer fees compared to other chains. For instance, comparing OneLedger to Ethereum, it has a thousand times faster transactions that cost a million times cheaper.
With the OneLedger platform, developers can build private and public chains, as well as sidechains. They can also build cross-chain networks that can communicate with other chains like Ethereum, Polygon, Binance Smart Chain, and so on. Besides, newbie developers can learn how to launch blockchain-powered applications with the tools and kits available on the platform.
Overall, OneLedger is a unique solution for various businesses with various blockchain needs. The company is in partnership with large co-operations like Google, IBM, Forbes, and others.
Use Cases of OLT Tokens
OLT is the native utility and governance token of the OneLedger blockchain. The OLT token is based on the ERC-20 token standard. Overall, OneLedger coins have a huge variety of uses cases, including:
Means of Payment
The main use case of OLT tokens is using them as a payment method within the network.
For instance, businesses that wish to use any of OneLedger's services have to pay their network fees in OLT crypto tokens.
Moreover, developers have to hold OLT tokens if they want to launch their services on the platform.
Users who want to access these services, which can be found on the OneLedger marketplace, also have to use OLT tokens. Some services might require a one-time payment while others – a recurring payment.
Compensating Developers
OLT tokens are used to compensate developers. They earn a portion of the fees generated from the OneLedger marketplace for the services they offer. Besides that, developers are eligible for grants given to them by OneLedger. These grants can be used to build more applications.
Staking
OLT tokens can be staked in order to generate more tokens. OLT token stakers have the option of running nodes that validate smart contracts on the network or becoming validators that do the same as nodes in addition to creating new blocks.
However, if users don’t want to become validators themselves, they can delegate their tokens to other validators and get a portion of their rewards.
Governance
OneLedger tokens can grant holders governance rights. This means that they have the right to cast votes on various proposals that determine the future development of the OneLedger crypto project.
Custom Token Generation
OLT tokens can be used by developers to generate their own tokens for the dApps or other types of blockchain platforms they create using OneLedger.
Interested in buying OneLedger coins? Before doing that, analyze the OneLedger price chart above. It features both – the current and the previous OLT price.
OLT Tokenomics
Out of the 1 billion OLT tokens available as the maximum supply, 5% was set aside in the company reserve, 30% in the community reserve, 7.1% in the marketing reserve, and 4.4% in the team reserve. The remaining portion was dedicated to investors and legal issues, as well as released in circulation.
