The current real-time price of ONSG is $4,809.71. In the past 24 hours, ONSG has traded between $4,815.78 and $5,447.41, showing strong market activity. The all-time high of ONSG is $5,580.53, and the all-time low is $1,999.29.
From a short-term perspective, the price change of ONSG over the past 1 hour is , over the past 24 hours is -0.24%, and over the past 7 days is -10.05%. These figures provide a quick overview of the latest price trends and market dynamics of ONSG on LBank.-0.86%
The live price of ONSG today is $4,809.71, with a current market cap of $0. The 24-hour trading volume is 43K. The price of ONSG to USD is updated in real time.
Before deciding whether to buy or sell ONSG, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s ONSG technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for ONSG.
How much will ONSG be worth tomorrow, next week, or next month in ? What about your ONSG assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! ONSG Price Prediction
To learn more about ONSG, consider exploring other resources such as the whitepaper, official website, and other published information:
ONS Gold (ONSG) is a collateralized stablecoin issued by Token Teknoloji A.Ş. It is a digital asset designed to provide price stability in the volatile cryptocurrency market by being backed by physical gold. This makes it a unique offering, combining the benefits of blockchain technology with the traditional value store of gold.
ONSG is backed by physical gold, specifically collateralized by Gram Gold (GRAMG), which itself represents physical gold. Its value is indexed to the price of an ounce of gold. A smart contract ensures a 1:1 ratio, adding an equivalent value of GRAMG to the company's reserve for every ONSG token issued. If the GRAMG reserve decreases, the smart contract burns ONSG to maintain this crucial peg, ensuring its stability.
ONSG tokens are issued against ounces of gold. When new ONSG is generated, a smart contract automatically adds an equivalent value in GRAMG (Gram Gold, representing physical gold) to Token Teknoloji's reserves. Conversely, if the GRAMG in the reserve decreases for any reason, the smart contract automatically burns a corresponding amount of ONSG tokens. This automated burning mechanism is vital for maintaining the 1:1 ratio and ensuring ONSG's stability against market fluctuations.
ONSG offers several benefits, including price stability due to its physical gold backing, 24/7 trading availability, and transparent transactions verifiable on the blockchain. Unlike physical gold, it incurs no storage costs. It also aims to make trading ounce gold more accessible and can be converted to local currencies like Turkish Lira via supported platforms.
ONSG tokens can be acquired by users through various reputable cryptocurrency exchanges. These platforms facilitate the purchase and sale of digital assets, including ONSG, making it accessible to a broad audience interested in gold-backed stablecoins. Users typically need to register an account, complete verification, and then exchange other cryptocurrencies or fiat for ONSG.
ONSG is designed for complete transparency. Its total supply and the corresponding physical gold collateral, represented by GRAMG, are publicly viewable on the blockchain. This on-chain visibility provides a higher level of verifiable assurance compared to stablecoins that rely solely on periodic company attestations or reports regarding their reserves, fostering trust through immutable ledger technology.
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