Onocoy Token
ONO
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Onocoy (ONO) is the native utility and governance token of a decentralized GNSS reference-station and high-precision RTK positioning network deployed on Solana. The project demonstrates real-world utility with over 7,900 operational reference stations, an established legal framework under a Swiss non-profit association (onocoy Association) and onocoy Services AG, and on-chain governance via Realms. However, the asset faces significant structural and market risks: there are no publicly disclosed third-party security audits, public code repositories, or verifiable commit histories. Market metrics remain fragile, marked by very low daily trading volume ($1.5K–$2.4K), DEX-concentrated liquidity, an estimated 78% drawdown from all-time highs, and conflicting circulating supply reporting across tracking platforms. Additionally, organic community engagement remains unverified. No qualifying red-flag events (such as exploits, regulatory enforcement actions, or hostile delistings) were identified. With all six sections evaluated, the overall score represents the direct weighted average of the section scores.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Onocoy Token (ONO)
Onocoy (ONO) is the native utility and governance token of onocoy, a decentralized physical infrastructure network (DePIN) deployed on the Solana blockchain. Organized under the Swiss onocoy Association and onocoy Services AG, the project coordinates a decentralized network of global navigation satellite system (GNSS) reference stations to provide real-time kinematic (RTK) positioning services. The system is designed to provide high-precision positioning data for applications such as precision agriculture, robotics, and autonomous navigation, utilizing a network of over 7,900 operational reference stations.
The ONO token operates within a model utilizing Data Credits and mining incentives. The token has a maximum supply cap of 810 million with an annual emission decay of 16%, allocating 40% of the supply to network mining rewards and community incentives. On-chain governance is conducted on Solana through Realms, where token holders participate in protocol decisions under the governance framework established by the onocoy Association.
The project faces several market, technical, and transparency risks. ONO has experienced a price drawdown of approximately 78% from its all-time high and maintains low trading liquidity, with daily volume typically ranging between $1,500 and $2,400 across limited trading venues. Discrepancies exist in circulating supply reporting across tracking platforms, and detailed vesting schedules for the non-community portion of the supply are not fully disclosed. Furthermore, onocoy has limited public engineering visibility, with no public code repositories, commit histories, or independent third-party security audits available in evaluated documentation.