The following tutorial will guide you through Onomy’s testnet Bonding Curve interface, enabling interested parties to interact with the beta versions of the Onomy Network, Arc Bridge Hub, and BCO.
The Bonding Curve Offering (BCO) helps distribute NOM tokens to users who would like to utilise Onomy’s vertically-integrated ecosystem of DeFi products.
Bonding Curves work by establishing a relationship between supply and price through AMM contracts. They provide an instant market with liquidity before exchange listings, rather than a static-priced sale.
The BCO is deployed on Ethereum, where $bNOM may be purchased and sold. $bNOM may then be bridged 1:1 for $NOM on the Onomy Network, which burns the $bNOM and moves the price floor higher until it reaches parity with $ETH. $NOM would be listed on exchanges and is the utility & governance token for the Onomy ecosystem.
To learn more about the purpose and mechanics of the Bonding Curve, click here or here.
As Onomy’s BCO is a non-custodial and decentralized platform, you’ll need to connect your ERC-20 and Cosmos-compatible wallets to the contract.
We recommend using Metamask to access the Ethereum Goerli testnet and Keplr for the Onomy Network, on Google Chrome to access the Onomy Network testnet.
https://metamask.zendesk.com/hc/en-us/articles/360015489531-Getting-started-with-MetaMask
https://help.keplr.app/getting-started/keplr-quickstart-guide