Onomy, a Cosmos-based DeFi protocol, stated that it will officially launch NOM tokens at 23:00 Beijing time on December 6. NOM tokens will be used to pay for transactions, cross-chain and other fees, as well as for pledge and governance voting. In addition, Onomy Exchange will use part of the collected fees to buy back and destroy NOM. The initial supply of NOM is 100 million pieces, of which 45% will be allocated to the on-chain treasury, 20% will be used to support market makers, validators, exchange listings, incentives, etc., and 20% will be allocated to early supporters and partners , 15% will be allocated to the team and advisors. Among them, the tokens of supporters, teams and advisors will be released in 24 to 36 months and need to be locked for 12 months. Foresight News previously reported that Onomy completed $10 million in financing, with participation from investors including Bitfinex, GSR Markets, Ava Labs, CMS Holdings, and DWF Labs.