Oracle Finance Network PriceONFInactive

What is Oracle Finance Network (ONF)?

Oracle Finance Network (ONF) is a next-generation on-chain financial infrastructure jointly initiated by a global alliance of leading foundations. As per its project description, it deeply integrates oracle bone inscriptions, described as humanity's earliest symbol of trust, with cutting-edge blockchain technology to build an open, transparent, and cross-chain interoperable Web3 financial ecosystem. The project aims to promote the widespread adoption of Finance-as-a-Service (FaaS), creating seamless interoperability across the entire financial value chain, encompassing asset issuance, trading, lending, derivatives, and payments. The ultimate goal is to construct the world's first on-chain financial super-ecosystem governed collaboratively by a cross-industry foundation alliance.

ONF is a BEP-20 token built on the BNB Chain (Binance Coin platform). It has a total supply and maximum supply of 100,000,000 ONF. The project has undergone a 1:1 swap from an old contract to a new contract. The current BEP-20 contract address is 0xFbF01979eC728e043EB988b9778F2fF974422963. The self-reported circulating supply is 20,161,723 ONF, though this figure has not been verified by CoinMarketCap. The token is associated with tags including DeFi, Smart Contracts, and DEX Mode, and is not mineable.

Key Specifications & Tokenomics

• Name: Oracle Finance Network
• Ticker/Symbol: ONF
• Blockchain / Platform: BNB Chain (Binance Coin)
• Token Type: BEP-20 Token
• Contract Address (BEP-20): 0xFbF01979eC728e043EB988b9778F2fF974422963
• Explorer: bscscan.com
• Total Supply: 100,000,000 ONF
• Max Supply: 100,000,000 ONF
• Self-Reported Circulating Supply: 20,161,723 ONF
• Category / Tags: DeFi, Smart Contracts, DEX Mode
• Mineable: No
• CoinMarketCap ID (UCID): 37109
• API ID (CoinLore): 161671

Who created Oracle Finance Network?

Oracle Finance Network is described as being jointly initiated by a global alliance of leading foundations. However, the specific names of the founding organizations, team members, or individual developers behind the project are not publicly disclosed in the available references. The project is characterised as a community-driven initiative focused on decentralised finance (DeFi). Detailed public information about the core team, their backgrounds, or the identity of the alliance members is currently limited. Prospective users and investors should conduct their own due diligence given the anonymous or undisclosed nature of the project's leadership.

How does Oracle Finance Network work?

Oracle Finance Network operates as a BEP-20 token on the BNB Chain, which provides the underlying blockchain infrastructure for transactions and smart contract execution. The project's stated mission is to build a cross-chain interoperable Web3 financial ecosystem that integrates oracles with blockchain technology. The concept of Finance-as-a-Service (FaaS) is central to its design, aiming to create seamless interoperability across multiple financial functions including asset issuance, trading, lending, derivatives, and payments. The network envisions a super-ecosystem governed collaboratively by a cross-industry foundation alliance, though the specific technical mechanisms for cross-chain interoperability, governance, or the oracle integration process are not detailed in the available references. The token itself functions as a BEP-20 asset on BNB Chain, enabling transfers and potential interaction with decentralised applications on that network.

What makes Oracle Finance Network unique and valuable?

The project's stated uniqueness lies in its conceptual integration of oracle bone inscriptions, described as humanity's earliest symbol of trust, with modern blockchain technology. This narrative positions the project as attempting to bridge ancient concepts of trust with contemporary decentralised finance infrastructure. The emphasis on Finance-as-a-Service (FaaS) and the goal of creating a comprehensive financial value chain covering issuance, trading, lending, derivatives, and payments suggests an ambitious scope. Additionally, the aspiration to build the world's first on-chain financial super-ecosystem governed by a cross-industry foundation alliance sets it apart in terms of stated governance ambitions. However, it is important to note that the project faces significant challenges, including a notable price decline from its all-time high, limited trading venues, and unverified circulating supply data. The value proposition remains largely aspirational based on the currently available public information.

What is ONF used for?

ONF serves as the native token of the Oracle Finance Network ecosystem. Based on the project's stated goals, the token is intended to facilitate activity within a Web3 financial ecosystem that encompasses asset issuance, trading, lending, derivatives, and payments. The token operates on the BNB Chain as a BEP-20 asset, allowing for transfers and interaction with compatible wallets and decentralised applications. The project has undergone a 1:1 contract swap from an old contract to a new contract, meaning holders were required to migrate their tokens. Available references also mention staking reviews within community discussions, suggesting that staking may be a feature or proposed feature of the ecosystem, though specific staking mechanics, reward structures, or governance utility are not detailed in the provided materials. The token's utility within the broader Finance-as-a-Service framework continues to be defined by the project's development trajectory.

How Is the Oracle Finance Network ecosystem developing?

The development status of the Oracle Finance Network ecosystem is difficult to assess comprehensively based on available references. The project has completed a 1:1 contract migration from an old contract to a new one, indicating an ongoing technical evolution. The token is tracked on multiple price aggregator platforms including CoinMarketCap, Coinbase, Yahoo Finance, Crypto.com, CoinLore, Phemex, LBank, DigitalCoinPrice, Bitget, and Binance. However, trading activity appears limited. As per CoinLore, ONF is traded on a single exchange, Biconomy Exchange, with one trading pair (ONF/USDT), and reported zero trading volume over a 30-day period at the time of data collection. Yahoo Finance indicates the token is trading on three active markets. The project maintains a presence on social platforms including Twitter and Telegram, and CoinMarketCap hosts a community section and a holders section. A community badge is available to claim. The ecosystem's development appears to be at an early or limited stage given the low trading activity and lack of detailed public information about partnerships, integrations, or active development milestones.

How to mine Oracle Finance Network?

Oracle Finance Network (ONF) is not a mineable cryptocurrency. As per the available references, the token is categorised as non-mineable, meaning there is no proof-of-work mining mechanism associated with it. As a BEP-20 token on the BNB Chain, ONF is issued and managed through smart contracts rather than through mining. Community discussions referenced in the available materials mention staking reviews, with a Facebook post titled "Oracle Finance Network (ONF) staking review" questioning whether the staking is real or risky. However, specific details about staking mechanisms, validator requirements, reward rates, or lock-up periods are not provided in the available references. Users interested in acquiring ONF would typically need to obtain it through available trading venues rather than through mining activities. Given the limited trading activity and single-exchange listing reported by CoinLore, acquiring the token may present liquidity challenges.

How to keep your ONF Coin safe?

Keeping ONF tokens safe requires standard security practices applicable to BEP-20 assets on the BNB Chain. Since ONF is a BEP-20 token, it can be stored in wallets that support the BNB Chain network, such as hardware wallets or reputable software wallets with BEP-20 compatibility. Users should ensure they are interacting with the correct and current contract address (0xFbF01979eC728e043EB988b9778F2fF974422963) following the 1:1 contract swap, as sending tokens to an outdated contract could result in loss of funds. It is advisable to verify contract addresses through official sources such as BscScan before conducting any transactions. Private keys and seed phrases should never be shared with anyone, and users should be cautious of phishing attempts, fake websites, or fraudulent tokens mimicking the ONF name. Given that the project's circulating supply is self-reported and unverified by CoinMarketCap, and that trading activity is limited, extra caution is warranted. Storing tokens in a hardware wallet for long-term holdings and using reputable, well-reviewed wallet software for active transactions are recommended security measures. Always double-check recipient addresses before sending any tokens, as blockchain transactions are irreversible.