OnyxCoin & Blockchain

Ethereum is the decentralized platform that runs Smart Contracts on OnyxCoin exactly as programmed without any possibility of downtime, censorship, fraud or third party interference off a custom built Blockchain. Our process includes:

1. Publishing

Rights holder publish ownership information on the Blockchain

2. Registering

Use policies for registration work are written into smart contacts that automatically transfer usage rights

3. Delivering

Royalties and fees are delivered instantly, transparently and automatically based on the stakeholder information contained in the Blockchain database!

4. Facilitating

Using an open platform, OnyxCoin will be able to allow the potential for infinite business applications and models to operate

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Frequently Asked Questions

Cyrptocurrency and Blockchain technology always generates a buzz. As emerging technologies go these frequently asked questions (FAQ) will bring perspective to OnyxCoin

Onyx is an ERC20 Token based on the Ethereum network whose purpose is to build and power Africa's premier discount store, Kwakoo marketplace.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
Blockchains are distributed ledgers, secured by cryptography. They are essentially public databases that everyone can access and read, but the data can only be updated by the data owners. Instead of the data residing on a single centralized server, the data is copied across thousands and thousands of computers worldwide.
Onyx will be built on the Ethereum Network Onyx will conduct an ICO to raise $265m USD After and during the ICO, Onyx will have a verifiable Smart contract on etherscan.io Onyx will be deployed to pay for goods and services on Kwakoo Marketplace Onyx will also trade as the base currency on Kwakoo Exchange Onyx will be spent on POS and withdrawn on ATM's through a Visa Prepaid Card.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
Kwakoo Marketplace is Africa's revolutionary solical marketplace that will be powered by OnyxCoin. It is a place where people will be able to efficently source for goods and services. Kwakoo will provide the biggest value with regards to its discounts and bonuses system which will also make it Africa's premier discount store.
Ether is a necessary element or a fuel for operating the distributed application platform Ethereum. It is a form of payment made by the clients of the platform to the machines executing the requested operations.
Build, enhance and power Kwakoo Marketplace a Global Payment Solution Trade as the base currency on Kwakoo Exchange Peer to Peer mobile and online money transfer a Store of Value for Investors.
An Initial Coin Offering, also commonly referred to as an ICO, is a fundraising mechanism in which new projects sell their underlying crypto tokens in exchange for bitcoin and ether. It's somewhat similar to an Initial Public Offering (IPO) in which investors purchase shares of a company.
Return on Investment. The percentage of how much money has been made compared to an initial investment. (i.e., 100% ROI means someone doubled their money).
The total value held in a crypto-currency. It is calculated by multiplying the total supply of coins by the current price of an individual unit.
A computer that possesses a copy of the blockchain and is working to maintain it.
To the best of our knowledge, OnyxCoin has not been made illegal by legislation in most jurisdictions. However, some jurisdictions (such as Argentina and Russia) severely restrict or ban foreign currencies. Other jurisdictions (such as Thailand) may limit the licensing of crypto exchanges.
Cryptos are money, and money has always been used both for legal and illegal purposes. Cash, credit cards and current banking systems widely surpass Cryptos in terms of their use to finance crime. OnyxCoin can bring significant innovation in payment systems and the benefits of such innovation are often considered to be far beyond their potential drawbacks.
The OnyxCoin protocol itself cannot be modified without the cooperation of nearly all its users, who choose what software they use. Attempting to assign special rights to a local authority in the rules of the global crypto network is not a practical possibility.
Cyrptos like OnyxCoin are not a fiat currency with legal tender status in any jurisdiction, but often tax liability accrues regardless of the medium used. There is a wide variety of legislation in many different jurisdictions which could cause income, sales, payroll, capital gains, or some other form of tax liability to arise with cryptos.