Emre Yumlu 
ONFA (OFT), launched on December 24, 2023, is a pioneering crypto wallet platform reshaping investment strategies and asset management in Asia. Harnessing blockchain’s transformative potential for financial transactions, ONFA empowers investors with seamless control over their digital assets. This article explores what ONFA is, how it operates, and the opportunities it offers.
What is ONFA (OFT)?
ONFA is a cryptocurrency wallet application designed to simplify the exchange of digital assets and fiat currencies, making crypto investing accessible to everyone. Its primary audience includes newcomers to crypto or those with limited trading experience. ONFA focuses on the following core offerings:
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Storing, sending/receiving digital assets, and supporting fiat currency transactions.
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Enabling payments, shopping, and spending directly from fiat within the wallet.
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Streamlined buying, selling, and portfolio management.
The ONFA ecosystem revolves around the OFT (Global ONFA Token), deployed on Binance Smart Chain and the proprietary ONFA chain. With a maximum supply of 500,000,000 OFT (burn-only, no additional issuance), its smart contracts have been rigorously audited by Certik.
Purpose of ONFA (OFT)
ONFA aims to create a secure, user-friendly platform for crypto investments, simplifying the conversion of digital assets to fiat and enabling broad participation. OFT serves as the ecosystem’s utility token, with users earning rewards through NFT mining. This process involves staking NFTs in a smart contract for up to 720 days, with daily rewards. Rewards halve every 50 million OFT mined, incentivizing early engagement and promoting sustainable growth.
How Does ONFA (OFT) Work?
ONFA leverages blockchain technology to ensure transparency and security. OFT mining begins when users stake NFTs in a smart contract, with rewards distributed daily after a 24-hour cycle. The reward structure halves every 50 million OFT mined, controlling inflation and fostering long-term stability. OFT is used across the ecosystem, and a burning policy allocates 20% of profits to repurchase and remove OFT from circulation (reported monthly on onfa.io starting December 2024).
Future Benefits:
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Monthly OFT buybacks and burns using 20% of profits until circulation is reduced to 50%.
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Enhanced OFT value for long-term investors.
ONFA (OFT) Use Cases
ONFA serves as a crypto wallet with the following applications:
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Storing, sending/receiving digital assets, and fiat transactions.
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Facilitating payments, shopping, and spending with fiat from the wallet.
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Simplified buying, selling, and portfolio management.
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Earning rewards through NFT staking and OFT mining.
Usage Steps:
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Download the ONFA app and set up a wallet.
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Deposit digital assets or fiat.
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Stake NFTs to start OFT mining.
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Claim daily rewards.
Advantages of ONFA (OFT)
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Security: Advanced encryption and multi-layer authentication.
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User-Friendly: Intuitive interface for beginners.
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Yield: Passive income through OFT mining.
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Global Access: Available worldwide.
ONFA (OFT) Tokenomics
Total Supply: 500,000,000 OFT.
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Allocation:
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Mining: 40% (200,000,000, fully unlocked)
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Private Sale: 5% (25,000,000, vesting from January 2025)
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Strategic Partnerships: 10% (50,000,000, vesting from April 2026)
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ONFA Founding Team: 20% (100,000,000, vesting 1% quarterly from January 2027)
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Liquidity: 10% (50,000,000, unlocked as needed)
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Broker Allocation, VIP Accounts: 5% (25,000,000, fully unlocked)
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DeFi ONFA Ecosystem: 10% (50,000,000, unlocked as needed)
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Burning Policy: 20% of monthly profits used for OFT buybacks and burns until circulation reaches 50%.
ONFA (OFT) Team
The ONFA team envisions a world where everyone, regardless of background or status, can shape their financial future. Leveraging cutting-edge technology, ONFA delivers secure, accessible digital investment tools, dismantling barriers to investment. Built on a smartphone-based platform, ONFA ensures convenience, safety, and ease of use, driving financial democratization. Led by two founders and a dedicated team, ONFA is more than a platform—it’s a beacon of innovation, equality, and opportunity, aiming to lead a global financial transformation.
Official Links
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