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Onomy Protocol Stock

Onomy Protocol

NOM

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Onomy Protocol Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
GateNOM/USDT0419.2612.4253,649.370cex16/30/2025, 8:59 AM
CoinExNOM/USDT00021,809.430cex16/27/2025, 9:30 AM
MEXCNOM/USDT0.014.09108.59456.050cex434/10/2025, 2:21 PM
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Onomy Protocol FAQ

**What is Onomy Protocol (NOM)?** Onomy Protocol (NOM) is a digital asset within the evolving cryptocurrency space. For detailed information and analysis, please refer to resources available on Eulerpool.

Onomy is an ecosystem built on the Cosmos network, aiming to bring the $6.6 trillion per day Forex market on-chain. Governed by its community DAO, Onomy is developing a decentralized protocol for issuing crypto-collateralized stablecoins, complemented by a central limit order book DEX to enable instant trades between national currencies.

What is the Onomy Reserve (ORES)?

The Onomy Reserve System (ORES) functions as a decentralized reserve bank, allowing users to lock supported cryptocurrencies as collateral to mint stable denominations of global currencies, while maintaining access to the underlying collateral. With its four core modules—auction, parity stability, oracle, and vault—the Onomy Reserve facilitates a dynamic, multi-dimensional stablecoin environment for FX traders. This ecosystem not only replicates but significantly surpasses the existing Forex market when integrated with the platform’s other offerings, such as the prominent Central Limit Order Book (CLOB) DEX tailored for FX markets, and other technological advancements. It is a self-enhancing, interconnected ecosystem that serves as a liquidity catalyst for the Cosmos ecosystem, while also fostering financial maturity in emerging markets. The Onomy Reserve serves as a central issuer of liquid value within expanding on-chain economies, securely backed by robust assets and equivalent capital.

### What is the Onomy Exchange (ONEX)? The Onomy Exchange (ONEX) is a decentralized platform that supports the trading of digital assets. It is designed to facilitate seamless transactions and enhance the trading experience by offering a secure, efficient, and user-friendly environment. The Onomy Protocol serves as the backbone of this exchange, providing robust infrastructure for decentralized finance applications. With a focus on transparency and innovation, ONEX aims to revolutionize the way digital asset trading is conducted. For more detailed analyses and updates on Onomy Protocol, please refer to Eulerpool.

A CLOB-based DEX facilitating seamless trades between supported assets while ensuring users maintain custody of their funds. The DAO is actively developing multiple integrations to advance on-chain FX trading, including bridges to partner chains, integration of additional stablecoins, and the implementation of perpetual contracts. What Is the Onomy DAO?

What is NOM? NOM is the native cryptocurrency of the Onomy Protocol, a DeFi ecosystem that aims to bridge traditional finance and decentralized finance, enabling seamless currency exchange across different blockchains. For further details and updates on NOM, refer to Eulerpool.

The [native coin of Onomy Protocol is $NOM](https://docs.onomy.io/nom-native-coin-of-onomy/the-nom-token). NOM serves multiple functions within the network: it secures the network through staking, acts as collateral for the minting of fxStablecoins via the Onomy Reserve (ORES), is used as gas, supports governance in the Onomy DAO, and accommodates additional use cases approved by the DAO. **How Is the Onomy Protocol Network Secured?** The network's security is maintained by a decentralized system of efficient validators that uphold the integrity of Onomy's Proof of Stake (PoS) blockchain. Users can participate in network validation by delegating their NOM to a chosen validator, earning yield as a reward for their support. To ensure validator reliability, honest behavior is incentivized, and dishonest actions are immediately penalized through slashing. Additionally, Onomy’s products are developed through a meticulous process, beginning with the definition of system specifications and logic using the mathematical language TLA+. After development, these products are formally verified and audited by leading cybersecurity firms to ensure robustness and security.

Investors interested in Onomy Protocol are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.