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Feb 24, 2024

Is There a Way to Bring FOREX Trading to Crypto?

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Have you ever wondered why forex trading, with its massive $7.5 trillion daily volume, isn't accessible on the blockchain? Traditional forex trading can be complicated and exclusive, leaving many potential investors out in the cold. But what if there was a solution to bridge the gap between traditional finance and crypto?

In today's article, we'll discuss briefly on how we can bring FOREX Trading to Crypto in depth.

FOREX Trading and DeFi Fragmentation

Forex, short for foreign exchange, is the global marketplace for buying and selling currencies. Banks, governments, and individuals participate in forex trading, making it the largest financial market in the world.

Meanwhile, decentralized finance (DeFi) offers exciting opportunities for financial inclusion and innovation. However, DeFi is fragmented across various blockchain networks, each with its strengths and weaknesses. This fragmentation poses a challenge for seamless cross-border transactions, hindering the integration of forex trading into the crypto space.

How Onomy Protocol Bridging the Gap Between FOREX and Crypto


Onomy Protocol is a groundbreaking project that aims to bring forex trading to the decentralized finance ecosystem. Built on the Cosmos architecture, Onomy Protocol offers a solution to the challenges of traditional forex trading and DeFi fragmentation.

Key Features of Onomy Protocol:

  1. Onomy Reserve (ONES)

    : The core component of the protocol, Onomy Reserve acts as a central bank, issuing and redeeming stablecoins pegged to major fiat currencies. These stablecoins, known as


    (Denoms), are backed by various assets and over-collateralized to mitigate volatility.

  2. Onomy Exchange (ONEX)

    : A multi-chain decentralized exchange, ONEX facilitates the trading of crypto assets and Denoms issued by Onomy Reserve. Users can place orders on ONEX using an order book mechanism, similar to centralized exchanges.

  3. Arc Bridge:

    Arc Bridge enables the seamless transfer of tokens and Denoms between different blockchain networks. This cross-chain interoperability is crucial for realizing the vision of decentralized forex trading.

NOM Tokenomics and Its Role in Onomy Ecosystem

NOM is the utility and governance token of the Onomy Protocol ecosystem. It serves multiple purposes, including Crypto staking, governance participation, and protocol revenue distribution through a buy-and-burn mechanism.

Initial distribution of NOM tokens includes allocations for the community, ecosystem development, early investors, team, and advisors.

The total supply of NOM tokens is uncapped, with a hyperinflation rate until the supply reaches 250 million

. Staking is essential for securing the network and earning rewards, especially during the hyperinflation period.

Investment Opportunity and Action Points For Investors

With a market cap of $27.4 million, NOM is considered undervalued compared to its potential target market of forex trading. A fair valuation for NOM is estimated to be $2.50 to $3.75, considering the development stage and market potential. Long-term success depends on the adoption of Denoms stablecoins, ONEX usage, and development progress.

Investors are advised to accumulate NOM at a price range of $0.40 to $0.60 and stake their tokens for maximum returns. Action points include selling portions of NOM holdings at specific price points and closely monitoring development progress and adoption rates.


Onomy Protocol presents a significant opportunity to revolutionize cross-border trading and bring forex onto the blockchain. With its innovative approach to stablecoin issuance, decentralized exchange, and cross-chain interoperability, Onomy Protocol has the potential to reshape the future of finance. Investors are encouraged to explore the investment opportunities presented by NOM tokens and participate in the decentralized forex revolution.


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