- The project protects its token from inflation by halving rewards for screen time
- The tokenomics model ensures sustainability
People are spending a lot of time online in the dynamic digital era scrolling through social media posts, watching videos, attending Zoom meetings, working remotely, enjoying digital entertainment, etc. The creators of the OnlineBase project see this as an opportunity to monetize this time, as the following press release summary will reveal.
The mission
The project’s mission is to create a flourishing ecosystem that focuses on developing innovative apps, wallets, mechanisms, and tokenomics to empower internet users to make money from their online endeavors.
Halving to prevent inflation
Users can download their app and earn rewards by leaving it running in the background. The project protects its token from inflation by halving rewards for screen time once a year. The daily basis pool system splits rewards equally regardless of the number of people using the apps any given day.
OnlineBase has also introduced WONLINE as an in-app currency, letting users engage with the platform with convenience and ease.
Solid tokenomics
The project applies a solid tokenomics model to make sure it remains sustainable and keeps growing. It involves a fixed token supply, a tax and burn mechanism, and a deflationary feature.
There is a fixed supply of ONLINE tokens, which guarantees scarcity. Holders have the potential for long-term value growth.
The project taxes every transaction, including converting and withdrawing rewards. The funds collected will be used to reduce supply by burning. The ONLINE token is set to be deflationary with the combined features.
Diverse income sources
OnlineBase’s income streams include Google Ads to claim rewards, partnerships and sponsored ads, and DeFi function fees to generate extra revenue and support the project’s continuous development. The project team hopes these different revenue sources will make OnlineBase more sustainable and feasible in the long run, ensuring its ability to provide users with a seamless experience.
