Tokenomics

OneLedger’s mission is to provide a universal protocol that enables interoperability across various blockchains. We aim to be the first truly interoperable blockchain with a focus on scalability and fault tolerance. We use Tendermint as our consensus engine. Tendermint provides us with a Byzantine Fault Tolerant State Machine that can withstand a failure rate of 33%. Our unique approach allows the network to easily facilitate both public, permissionless, and private, permissioned, blockchains. This paper aims to discuss our tokenomics and staking methodology in detail for our public blockchain.

OLT is further used for delegating stake to Validators in our Delegated Proof of Stake (DPoS) model. There is also a minimum amount of OLT required for delegation. The Delegation model will be further detailed later in this paper.

Every step in the lifecycle of a proposal in the governance module utilizes OLT. OLT is used for the creation and voting of proposals. The Governance model will be further detailed later in this paper.