About Onxcoin token farming.
Hay readers, in the most recent news Onus Exchange has just announced plans to stop OnxCoin token farming at Onus Tap Tap platform on Telegram.
Onus Exchange the primary owner of ONXCoin has announced to pause/stop farming of onx on the app without any explanations to why such a move!
The decision has left the group of investors at stake and in deep concerns since this has been almost the biggest way to earn OnxCoin on the app.
According to the announcement farming of Onx is planned to stop on 4th November .
Onus has promised users that earning OnxCoin has not stopped , but completing tasks and cracking daily codes will still be available for mining OnxCoin until launch on 29th November.
How ONX Farming works and how users will be affected
Below is a screenshot from one of the accounts of Onx users farm.
Farming is the passive earning of Onx from farm pool according to the level of your account features that are unlocked.
You can have one pool or three or four or even six or more according to how active your onus exchange is.
It means that this feature will be more starting 5th November.
Previously users could level up and increase coins mined by investing in already accumulated capital .
In the screenshot below it shows user earning (5,605.5) OnxCoin per hour.
This means he gets over 20,000 onxcoins per 4 hours of claiming.
The removal of this feature towards launch in Late November is more of a disadvantage than an advantage to Onx miners .
People are going to loose out this opportunity to accumulate coins.
Almost 32 days remaining to launch date could make so many people become big holders of this token through mining / farming.
OnxCoin token price prediction and its launch on market.
OnxCoin is a native token for onus exchange.
This is its second token for the exchange
Onus Coin is its first native token for the platform and it trades around (0.1$)
The potential for Onx is till unknown.
It’s utility on the onus exchange is still not well defined .
A lot of OnXCoin has been already burnt almost leaving a half of it’s what is distributed. This might have been a move by onus exchange to create burning pools in order to create some scarcity for the token before launch and try maintain its price.
I do not want to speculate about OnxCoin price but rather wait and see what Onus exchange plans to do with it at the exchange .
