The global digital currency landscape has been experiencing exponential growth amid rising interests among fintech and blockchain enthusiasts worldwide. One World Chain's native utility token, $OWCT is scheduled to be publicly available through a fairlaunch event, starting on July 1st, 2024 at 11am UTC. The blockchain's Mainnet and Testnet are both live, along with multiple decentralized applications on the platform. The utility token, OWCT is considered non-inflationary because the maximum supply is capped at twenty-one million (21M). Unlike some network, the One World Chain blockchain validators are paid in transaction fees and not by mining additional coins or tokens.
The sudden growth and adoption in the blockchain industry, can be credited to the recent ETF approvals in various regions of the world. These series of events are reshaping the entire blockchain ecosystem. One World Chain is a new blockchain aiming to continue in the same trajectory of global adoption. The One World Chain has a unique, highly interoperable, cheap, secure and fast ecosystem powered by its native token OWCT. It is also an EVM-compatible public blockchain with a user-friendly goal to help improve cryptocurrency payment systems and decentralized finance (DeFi) in general.
One World Chain’s ecosystem offers secure and high-speed transactions while simultaneously providing passive income-generating opportunities for its users through staking and as validators. However, there are only 21 validator spots on the blockchains, and with a minimum of 5,000 tokens required to become a validator, the spots are expected to fill up in no time. Maximum $OWCT allowed per validator is one million tokens. All users are still able to stake whatever they want and whenever they choose to do so.
Blockchain enthusiasts and investors are showing growing interest in One World Chain especially based on the fact the blockchain's dapps allow both skilled developers and non-developers equal access to utilize the $OWCT token on the platform. $OWCT cryptocurrency powers the entire ecosystem and used for gas fees. The cryptocurrency is native to the blockchain, but also available via bridge on the Ethereum, BASE, and Binance Smart Chains. This offers access to more users worldwide. During a controlled testing, One World Chain reached a whooping speed of 5,000 transactions per second (TPS). The network is also scalable up to 100,000 TPS. The block generation time is about 3 seconds, which is incredibly fast compared to Bitcoin’s blocktime of 10 minutes.
One World Chain’s Consensus
One World Chain’s developers built the network to be governed by a decentralized system of node operators. To become a validator, node operators are required to stake a minimum of 5,000 OWCT, and up to a maximum of 1,000,000 OWCT. validator. The number of validator is capped at 21 validators. Boasting an incredible set of features, which out-performs most Layer two chains, this layer one Proof-of-Stake consensus model allow OWCT validators to pool funds from non-validators (delegators) with no barriers. The delegators will share fee rewards according to their contributions, and the delegators have the ability to un-stake their $OWCT at anytime.
About One World Chain
One World Chain (OWCT) is the native utility token for the One World Chain ecosystem, which is a Decentralized EVM Compatible Layer One Blockchain using the DPoS consensus. One World Chain provides the ultimate user experience with faster transactions at a super-low gas fee.
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Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Media Contact
Company Name: One World Chain
Contact Person: Erica Wade
Email: Send Email
City: Orlando
State: FL
Country: United States
Website: https://oneworldchain.org/
