Introducing OnExBit's ONEX Coin

OnExBit is a unique platform that aids traders to securely and conveniently trade crypto assets across multiples exchanges in one user friendly interface. Founded by Max Zorin (CEO) and Mihkail Sakhnyuk (Lead Developer/Project Manager). With a team of experienced professionals OneExBit is bound to attain greatness.

ONEX COIN
Apart from cryptocurrency trading, users and investors can hold ONEX which is issued by OneExBit and is also a masternode / PoS coin (Proof of Stake) that will allow holders to run masternodes and earn passive income. This will create a self sustaining financial system plus allowing ONEX coin holders to gain additional sources of income.

What is a masternode ?
Simply put, a masternode is a server on a decentralized network. It is utilized to complete unique functions in ways ordinary nodes can’t. It can be used for features like direct send / instant transactions or private transactions.
Because of their increased capabilities, masternodes typically require a sizable investment in order to run. But this is where incentivization comes into play, as masternode operators are rewarded by earning portions of block rewards in whatever given cryptocurrency they’re facilitating.
No masternode is quite alike as each network has its own pros and cons, but with that said, every system approaches payouts in a different way. Some cryptocurrencies pay out rewards to masternode operators multiple times in a day, whereas other projects payout operators once daily. The benefit of this dynamic is that operators can still earn money and provide a service to the network without having to invest in expensive cryptocurrency mining gear.
If interested in becoming an operator yourself, you’ll need to “lock away” what’s usually a large number of coins and set up a server through which these holdings can earn you passive income.
There are numerous projects that make use of masternodes in their networks, but many of these projects are smaller and not widely known in the ecosystem. Onex is one of them but with a difference.

What is (PoS) Proof of Stake?
(PoS) Proof of Stake is also a consensus algorithm with functions similar to (PoW) Proof of Work. Like it,

1. Determines and assigns nodes/computers to,
2. Verify/validate transactions,
3. Makes blocks by bundling all transactions made in a 10 minute interval.
4. Creates new coins to reward or pay the nodes and
5. Distributes them accordingly.
   Some coins are using PoW for creating new coins and uses PoS for the rest. Unlike PoW that uses work as proof to validate/verify a transaction that consumes a lot of energy, PoS solved this issue by removing the factor that burns a lot power which is work. Instead PoS uses the coins themselves, staked by the whoever owns the coins.
   If you own a coin and you want to gain interest through a passive income, then the risk is staking your own coins to be used in verifying the new transactions. This means holding or your coins in a wallet connected to the network and the wallet has to be unlocked/unencrypted the whole time because the validation process needs the data in your wallet, like, the number of coins, to determine if the new transactions are correct.

Coin Information
ONEX is a PoS+MN Coin with a total supply of only 100 000 000. Onex is already trading on Cryptobridge. More listing on other exchanges is soon to come. ONEX coins can be mined like any other PoS cryptocurrency. OneExBit platform users will only need to store ONEX coins in their wallets as a stake and confirm transactions on the network. Like in all PoS systems, users with much more higher stakes will have better chances to complete a block and receive a fee.

With the help of investors and the community to achieve massive adoption of the OnExBit platform, early ONEX holders will make excessive profits. Be a part of this today.

Official links: Website: https://oneexbit.com Twitter: https://twitter.com/Oneexbit1 Telegram: https://t.me/oneexbit Discord: https://discord.gg/4QtsXck GitHub:https://github.com/oneexbit/oneexbit-release/ Whitepaper: https://oneexbit.com/whitepaper-onex.pdf Medium: https://medium.com/@smmonex Reddit: https://www.reddit.com/user/smmoneexbit Bitcointalk: https://bitcointalk.org/index.php?topic=5129693YouTube: https://www.youtube.com/channel/UCXTH2La9LXL26asXsCQiJ9w Wallet Download: https://github.com/oneexbit/onex-core/releases/tag/v2.2.1 MNO: https://masternodes.online/currencies/ONEX/ MNCN https://mncn.online/coins/ONEX Сrypto-Bridge: https://wallet.cryptobridge.org/market/BRIDGE.ONEX_BRIDGE.BTC