Buy, Sell, Earn Forever!
Revolutionize
Transactions
Welcome to Onaught, the next-generation online marketplace. We leverage blockchain technology for secure, transparent, and rewarding transactions. Whether you're a buyer or a seller, Onught ensures seamless and beneficial interactions. Join us in revolutionizing the future of digital transactions today.
About Onaught
Our Journey
Onaught is a cutting-edge online marketplace leveraging blockchain technology to foster innovation and collaboration within the digital transaction community. We provide secure and transparent transactions, rewarding users with Ethereum (ETH) dividends for their participation, with buyers earning double that of sellers. Join us in exploring the limitless possibilities of blockchain technology and revolutionizing the future of online marketplaces.
High Level Flow
01
Register
Registration using email id.
User's web3 address is obtained
02
Web3 Register
A Web3 registration process registers user's web3 address in Onaught's smart contract
03
Sell/Buy
Once registered, users can post ads and sell and buy goods
04
Accrue Dividend
With every buy and sell activity, users accrue dividend
05
Withdraw Dividend
Users can withdraw dividends anytime
How it works
Platform charges = 0.0025 ETH
Dividend corpus = Platform charges / 2
= 0.0125 ETH
Total Sell Dividend = Dividend Corpus/3
= 0.00042 ETH
As Emily is the only seller at this point, she retains the entire sell dividend
Now let us see another transaction
Platform charges = 0.005 ETH
Dividend corpus = Platform charges / 2
= 0.025 ETH
Total Sell Dividend = Dividend Corpus/3
= 0.0083 ETH
Emily has brought 0.05 ETH yet in sell value.
She receives (0.05/OTSV)*0.0083
= (0.05/0.15)*0.0083
= 0.0028 ETH as her dividend
from this transaction
