Crypto Wizards AMA With OneLedger
Guest: George Connolly
1. Could you please provide a quick self-introduction for the community?
Ans- OneLedger is a blockchain as a Service (Baas) options supplier founded by Forbes executive members, backed by IBM and Google, positioning itself as a Shortcut for blockchain development and aims for easy and broad blockchain adoption.
We are already listed on KuCoin, Bibox, AscendEX (Bitmax), and CoinEx and are soon listed on one of the top 10 exchanges.
Not to mention that since 2018, they have launched the test net and mainnet already , including health passport, virtual machine, OneVault, Explorer, etc., and partnered with IBM and Google cloud and planning marketing programs interact within the dev communities to build DApps and ecosystem.
OneLedger is also looking to launch its own Dex project, which Interoperable with any chains such as ETC, BSC, polka, ERC, Solana etc.
2. What are some of utlities of $OLT ? How do you think you stand out among the competitors if there are any?
Ans- Through oneledger’s Kratos Mainnet as a delegator, investors can stake their OLT token with no lockup period with no minimum amount. On top of that, OneLedger offers 15% -20% APY instant rewards.
You can have at least 20% to 25% staking rewards as validators by running nodes on your computer.
Which makes staking easier and faster and also secure as you can stake in the safe OneLedger wallet.
3. Can you share the achievements the team has made so far ? what are the major achievement target OneLedger is yet to achieve . If possible also share your roadmap.
Ans- Since 2018, OneLedger has been working rock hard, and so far, we have built.
✅Mainnet - Kratos
✅Testnet - Chronos
✅Onewallet - Stake
✅OnePass - Health Passport
Also, Oneledger believes the best way to increase blockchain adoption is by reducing the learning curve developers go through when working with a chain for the first time.
🔘SDK - Tools kits to Copy and Paste!
🔘OLVM - Build smart contracts the same as ethereum or any other network.
what you can do
🔘Build cross-chain apps or NFTs(ERC, BSC or any other) cheaper and faster on Oneledger.
🔘Our business team and Dev team will help you build blockchain supporting 24hrs.
4) Could you share a bit about security and also what benefits you provide to incentives user’s choosing your Platform?
Ans- In Feb 2020 Hacken performed a blockchain security review of the OneLedger protocol, analyzed blockchain implementation and tested the potential attacker endpoints, reviewed the architecture and made a smart-contract audit.
5.Whats the total supply of the token ? Could you share a detailed tokenomics of mainnet token’s supply distribution
Ans- Total supply is 1B, - circulating supply is 454,443,187.71 OLT
1. In decentralization, We all know that speed is needed, as is the current problem faced by the expensive Eth Gas Fee and the slowing of the transaction process. what are your plans to deal with this problem on Oneledger Token?
Ans- We already built our mainnet and testnet
1.OneLedger Chronos Testnet Full Node
2.OneLedger Kratos Mainnet Full Node
Connecting to OneLedger’s Blockchain Network.
OneLeger’s mainnet Kratos is more stable, faster, and cheaper than Ethereum, less gas free and Faster transaction, we are focusing on building bridges with other chains to solve the Incompatibility issue with ETH.2.
2.What is the life-changing offers that your project could provide to its investors that would make them satisfy holding your token?
Ans- $OLT has several values
Currently we offers 15-25% APY instant staking rewards with no lockup on one wallet
- Users use OLT for payment of network fee to use any service on the platform.
- Network supporters (nodes) receive OLT as a network fee.
- Developers need OLT to deploy their application on the OneLedger platform.
We have partnered with world token marketplace that NFT creation interoperable with BSC and ETH
We are building a cross chain DEX that will enable to connect different chains (BSC, ETH, HECO etc)
We are working on Onepass(Health passport) with governments and also on google & IBM partnerworld that
3.No project can survive on its own. Can you tell us some of your partners and who you plan to collaborate with, in the nearest future?
Ans-Within the crypto communities, we are partnered with QuarkChain, TomoChain and Shyft please find more information on https://www.oneledger.io/about-us/#our-partners.
We just announced the partnership with WORLD token to expand our market for NFTs and World will be deploying their marketplace on OneLedger. and several big projects are in discussion.
4.OneLedger is a project focused on corporate solutions. So it can cooperate with big brands. What can you say about your partnership agreements? What awaits OneLedger supporters in the future?
Ans- We have partnered with IBM and Google cloud that we are building partnership with the network for Health passport, medical data, logistics and supply chain cooperations. Also, several universities joined us for blockchain development.
5.OneLedger announces the launch of a new virtual machine (OLVM) as the ultimate goal of architecture, can you tell us what the advantages of virtual machines (OLVM) are and what benefits will it bring to consumers in the long term?
Ans- The main idea behind the OLVM (OneLedger Virtual Machine) is to execute the same bytecode as in the ethereum blockchain network but on the OneLedger protocol side. This will give an opportunity to develop and deploy smart contracts on the OneLedger network the same way they exist on the ethereum network.
Oneledger believes the best way to increase blockchain adoption is by reducing the learning curve developers go through when working with a chain for the first time. Therefore, all our solutions and dev tools are scalable and familiar to node.js devs wanting to step into working a blockchain.
The protocol will support smart contracts such as NFTs (ERC-721, ERC-1155), ERC-20, DEFI, OpenSea exchange contract or fully customized smart contracts.
- cheap gas for the execution of the transactions;
- speed of the transactions with the help of tendermint and it’s validators;
1.How will OneLedger keep costs of transaction on OneLedger chain remain low? Can you be sure that future fees will not be as expensive like Ethereum?
Ans- OneLedger is a DPoS vs ETH being PoW; the OLVM allows for easy interpretation of smart contracts running with low data across our network. That means low gas fees. We extend our own opcodes and functionality to create for example the bridge codes to the ether chain.
2.COVID 19 has reduced many economies around the world but as a crypto business has it affected you negatively or positively??? Secondly are you still on track achieve your ambitious targets as the road map says???
19 has reduced many economies around the world but as a crypto business has it affected you negatively or positively??? Secondly are you still on track achieve your ambitious targets as the road map says???
Ans- Since the world is opening soon, and vaccines rolls out we have built a health passport called ONEPASS The OneLedger International Health Passport harnesses digital technology with the unique characteristics available only on blockchain’s distributed ledger to provide a secure and verifiable system that can authenticate the immunization health records of travellers moving across borders.
It addresses the immediate issue presented by COVID-19 but goes further by facilitating the secure storage and easy access to an individual’s complete immunization history .
Please find our popularity on https://coinmarketcal.com/en/coin/oneledger that we have successfully met our roadmaps so far.
3. increasing popularity is one of the goals of every project that is built, how can OneLedger develop popularity to developers and the community so that your project is more familiar to all elements of society? What mechanisms do you use?
Ans- Oneledger has created dev tools(SDK, OLVM) to bring blockchain to more enterprises and their developers. Oneledger believes the best way to increase blockchain adoption is by reducing the learning curve developers go through when working with a chain for the first time. Therefore, all our solutions and dev tools are scalable and familiar to node.js devs wanting to step into working a blockchain.
Dev centre For developers By developers
- OneLedger is an open-source platform, stable, faster, and cheaper than Ethereum.
- scalable solutions are supporting a multi-chain Ethereum ecosystem.
- SDK, OLVM tools will speed up the development.
- Creating your own smart contract or NFTs cheaper and faster compatible with BSC, ERC, open sea by OLVM
- interoperability with other chains, including BSC, ETH, POLKADOT, MATIC, HECO, Opensea, Defi and working on more bridges now
- Build any private or public or Defi apps
4. Most projects have to go through certain difficulties and challenges, what difficulties do you face and how do you overcome them?
Ans- Our greatest challenge is to stay innovative in this market. There are so many new developments each day and we need to be aware of what they are and we need to improve to stay just above the competition. We often challenge ourselves with new difficulties but we are backed by strong communities. We try to meet the deadlines and overcome the issues, and with the help of phenomenal partners, who are always supporting us and helping to solve any dev or business issues.
We have great products and vision that keep us going.