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What is Onomy Protocol (NOM)?

Onomy Protocol is a groundbreaking Layer-1 ecosystem designed to unify the worlds of Forex trading and decentralized finance. Central to this system is the Onomy Network, a proof-of-stake blockchain built with the adaptable Cosmos SDK framework. It features the Arc Bridge Hub, enabling connectivity with EVM, non-EVM, and IBC chains, all operated by a decentralized network of validators worldwide. A key element of the Onomy Protocol is its Decentralized Autonomous Organization (DAO), which allows community members to participate in governing and developing the ecosystem through proposals known as Onomy Improvement Proposals (OIPs). The most promising proposals are funded from the on-chain treasury, managed collectively by NOM token holders.

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