What is WONUS (Wrapped ONUS)? How to Use ONUS Coin

Yeliz Akmaca — Fri, 05 Sep 2025 14:00:02 +0000

ONUS Coin is the native token of ONUS Chain, used for network security, governance, and transaction fees. Wrapped ONUS (wONUS) is a token version that enables ONUS Coin to be used on Ethereum and other EVM-compatible chains. 1 wONUS always equals 1 ONUS. Users convert ONUS to wONUS for cross-chain transfers, DeFi applications, or interactions with smart contracts.

Team & Founders

ONUS Chain is managed by the ONUS Foundation, consisting of experienced software developers and blockchain experts. The founders and core team have years of experience in blockchain and digital financial product development. The Vietnam-based ONUS app has over 3 million users.

Investors & Key Partners

ONUS Chain is supported by various investors and strategic funds. Its ecosystem collaborates with platforms like Rice Wallet, which has over 1 million users.

Project Concept

ONUS Chain aims to provide a user-friendly, low-cost, and high-performance Web3 and DeFi platform. ONUS Coin is designed to secure the network, enable governance, and provide low-fee transactions.

Rice Wallet

Several blockchain projects and teams plan to migrate their existing projects to ONUS Chain.

How the Project Works

ONUS Chain is built on BNB Application Sidechain (BAS) and uses the Proof of Stake Authority (PoSA) consensus mechanism.

Fast, low-cost transactions
Ability to run Ethereum smart contracts via EVM compatibility
Modular architecture for easy developer integration
wONUS serves as a bridge for using ONUS tokens on other chains; users convert ONUS to wONUS for DeFi protocols or Ethereum ecosystem usage

Token Use Cases

Network Security: Validator staking
Governance: On-chain voting
Transaction Fees: Transfers and smart contract operations

Token Details

Token Name: WONUS
Total Supply: 95.65M wONUS
Max Supply: 100M wONUS
Circulating Supply: 95.65M wONUS

What is wONUS?

wONUS is the wrapped version of ONUS Coin, enabling its use on Ethereum and other EVM-compatible chains.

1 wONUS = 1 ONUS
Usable in DeFi applications and smart contracts
Designed for cross-chain transfers and liquidity
wONUS allows ONUS token holders to use their tokens effectively across different blockchains while maintaining value.

Token Distribution

33.06% ONUS Community
5.15% Strategic Investors & Funds
25.74% Ecosystem & Community Development
20.60% ONUS Foundation
10.30% Core Team
5.15% Advisors & Employees

Ecosystem

ONUS Chain offers a complete Web3 & DeFi ecosystem with user-friendly wallets, staking systems, RPC-API, and EVM-compatible smart contracts. Rice Wallet and other partner applications ensure active usage.

Features

Fast Transactions: Deterministic confirmation
Low Fees: Minimal gas cost
EVM Compatibility: Run Ethereum-based DApps
High Scalability: Up to 4000 TPS with PoSA
Easy Deployment: Simple integration for developers
Interoperability: Cross-chain bridging

Roadmap

2022 Q3 (Phase 03): Bridge v1, testnet, beta launched
2022 Q4 (Phase 04): Multi-chain support, ONUS tools updated, token & NFT creation added
2023 Q1 (Phase 05): Staking and governance systems upgraded to v2
2023 Q2 (Phase 06): Validator count increased to 11; DAO voting system added
2023 Q3 (Phase 07): Faster transaction finality achieved
2023 Q4 (Phase 08): Layer-2 PoSA + ZK integration started

Official Links

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What is WONUS (Wrapped ONUS)? How to Use ONUS Coin appeared first on Coin Engineer.

wONUS Archives - Coin Engineer