Yesterday on 28th November Onus Exchange announced that they will not be able to list Onxcoin token (listing) on Onus spot trading as previously announced.
This caused a lot of disappointments amongst investors of OnxCoin who were buying Onxcoin at a rate of 0.1 Ton daily in a 7 days cycle.
Onus Exchange announced this just one day before official launch date as previously arranged.
Onxcoin listing was supposed to be on 29th November and this was the promised date after being set about 40 days ago and it was on a count down.
This date of 29th November was set after Onxcoin failed to launch in the mid-dates of October claiming they hadn’t finished developments of OnxCoin spot trading features.
This marks the second postponing of launch dates of OnxCoin without any specific strong reason which has left so many people to this onus Exchange is a very unserious and an exchange with fake working relations.
Why are investors unhappy with Onus Exchange in regards to Onxcoin token listing
Before all these postponing , still Onus Exchange has been facing a lot of criticism from investors about the inability to get KYC verifications on the exchange which has made several people get rejected by the system.
Its also public information that onus Exchange asks 10 USDT from every person to get advanced KYC.
In sense, there is nothing called advanced KYC verifications. The verification itself is sending money to Onus Exchange ( 10 USDT)
This is been a challenge to so many people and a hard nut to crack since you have to choose between loosing all your mined onxcoins or risking 10 USDT to pass KYC.
It’s something that everyone asks themselves.
Onxcoin has also put another hard to do task they call ” eligible task” where users with big amounts of OnxCoin must pass .
In most cases people who have mined over 2million onxcoins they must have traded a volume at futures trading at Onus over (2,000$) and failure to do that investors will not be eligible to withdraw there earned tokens. And this is very sad.
Most of the ineligible users paid in Ton to Onus Exchange at a rate of 0.1 ton everyday to be able to earn those coins.
In my own opinion. It seems Onus Exchange wants to burn those coins which they will call ” Unclaimed ” coins so they can minimize the coins in circulation. It’s an opportunity for them however a very big loss to the investors. It’s important to all wait and watch if Onus Exchange cares about people who have invested in it and gave it there trust.
It’s a hard time for them too to choose between Trust and Token burning.
When will Onxcoin token be live on exchanges.
Onus Exchange has announced that OnxCoin coin listing will now be live for trading on 2nd of December.
They claim they very scared that the exchange would receive alot of traffic hence they aren’t able to gain momentum to handle it. We yet to see if from 29th to 1st December they will have built the exchange to handle the trading pressure from thousands of traders as claimed.
The long waited Onxcoin trading price is also awaited for .
With billions of OnxCoin available,it’s hard to tell how much each coin will be worth of.
Seems like it’s the first meme token of the exchange but with minimal utility as claimed.
It’s important to also know that Onus exchange already has a native token for the exchange ( Onus Coin ) priced around 0.5$ but when you look at its total supply it’s really limited as compared to OnxCoin.
My price prediction for Onxcoin is 0.000005$ ( give decimal points) maybe after like 3 years we could see it cutting off two decimal points. That’s my own opinion however that reality could be really very different.
What’s happening now?
Onus Exchange has announced that transfer of OnxCoin to Onus Exchange ends on 30th November.
This raised a lot of questions on what will happen to unclaimed tokens because ineligibility.. will the coins be burned or distributed to existing users?
