Onomy to Launch Native Token $NOM on December 6th

Cosmos-based DeFi protocol Onomy announced that it will officially launch its native token $NOM on December 6th at 15:00 UTC. The $NOM will be used for transaction fees, cross-chain fees, staking, governance, collateral, etc. The genesis supply of $NOM is 100 million, distributed as such:

• 45% in on-chain Treasury managed by DAO
• 20% Ecosystem to support market makers, validators, exchange listings, incentives, and more
• 20% to Early Backers and Partners
• 15% Team and Advisory

The backer, team, and advisor tokens are vested for 24–36 months, with a 12-month cliff.