Token Teknoloji A.Ş. ONS Silver

ONSS Price

What is Token Teknoloji A.Ş. ONS Silver about?

Launched in November 2022, ONS Silver Token (ONSS) is an asset-backed token redeemable 1:1 for 1 ounce of silver. Issued by Token Teknoloji Anonim Şirketi, this token is fully backed by silver on the blockchain at a 1:1 ratio and is indexed to the price of ounces of silver. For each ONSS created, an equivalent amount of physical ounces of silver is held as collateral in the company's reserves.

What makes Token Teknoloji A.Ş. ONS Silver unique?

ONSS provides a cost-effective, fast and secure solution for global users, offering direct ownership with no storage costs and high accessibility for 24/7 transactions and transfers, regardless of geographical boundaries. Unlike silver transaction limits in the market, there are no minimum transaction limits for ONSS transactions. ONSS transactions are executed instantly and any amount of ONSS tokens can be converted to fiat currencies, ensuring quick and efficient transactions.

What's next for Token Teknoloji A.Ş. ONS Silver?

As the demand for ONSS tokens increases, the Token Teknoloji Anonim Şirketi will add the equivalent amount of physical ounces of silver to its reserves for each ONSS token upon the request of institutions wishing to meet their demand. This ensures that the 1:1 ratio between ounces of silver and ONSS is maintained whilst keeping the market in balance between supply and demand. And a coin burn function is built into the blockchain's smart contract to remove a pre-determined amount of ONSS tokens from circulation when needed, ensuring a balance between ONSS and the ounce of silver.

What can Token Teknoloji A.Ş. ONS Silver be used for?

ONSS is created and runs on the Avalanche C-Chain and Polygon blockchain, and it is compatible with all blockchain wallets that support EVM. It uses smart contracts to automatically manage the collateralization process. Thanks to this mint-and-burn mechanism, the price of ONSS is always in equilibrium with the price of the physical ounce of silver.

Where can you buy Token Teknoloji A.Ş. ONS Silver?

ONSS tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Token Teknoloji A.Ş. ONS Silver is Bitlo, where the most active trading pair ONSS/USDT has a trading volume of $6,178.15 in the last 24 hours.

What is the daily trading volume of Token Teknoloji A.Ş. ONS Silver (ONSS)?

The trading volume of Token Teknoloji A.Ş. ONS Silver (ONSS) is $7,213.07 in the last 24 hours, representing a 22.10% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Token Teknoloji A.Ş. ONS Silver (ONSS)?

Token Teknoloji A.Ş. ONS Silver (ONSS) reached an all-time high of $121.02 and an all-time low of $18.21. It’s now trading -52.40% below that peak and 216.10% above its lowest price.

What is the market cap of Token Teknoloji A.Ş. ONS Silver (ONSS)?

Market capitalization of Token Teknoloji A.Ş. ONS Silver (ONSS) is $287.84 and is ranked #10363 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ONSS tokens (5 tokens are tradable on the market today).

What is the fully diluted valuation of Token Teknoloji A.Ş. ONS Silver (ONSS)?

The fully diluted valuation (FDV) of Token Teknoloji A.Ş. ONS Silver (ONSS) is $287.84. This is a statistical representation of the maximum market cap, assuming total number of 5 ETH tokens are in circulation today.

How does the price performance of Token Teknoloji A.Ş. ONS Silver compare against its peers?

With a price decline of -5.30% in the last 7 days, Token Teknoloji A.Ş. ONS Silver (ONSS) is underperforming the global cryptocurrency market which is down -3.90%, while underperforming when compared to similar Real World Assets (RWA) cryptocurrencies which are down -2.20%.