What is OneID? Multi- chain identification solution developed by Ninety Eight

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ONEID

OneID is a multi-chain identity solution developed by Ninety Eight, allowing users to own a unique identity to access and use across over 70 blockchains, optimizing security and Web3 experience.

OneID helps eliminate the complexity of managing multiple accounts across different blockchains, while providing a decentralized security mechanism and easy integration with dApps, suitable for both individuals and businesses.

MAIN CONTENT
  • A unique identity for over 70 blockchains, easy management and verification.
  • Decentralized, highly secure, easy to integrate with Web3 ecosystem and dApp.
  • ID classification, transparent registration status, clear fee mechanism, diverse options.

What is OneID?

OneID is an advanced multi-chain identity platform developed by Ninety Eight, built on the Viction blockchain, allowing users to create and use a unique ID to access, transact, and verify across over 70 blockchains without multiple fragmented accounts.

OneID has realized the concept of a multi-chain identity, supporting users to experience Web3 more easily and securely, which is a significant step in blockchain development.

Nguyen The Vinh, CEO of Ninety Eight, December 2023, TinTucBitcoin

OneID thoroughly resolves the identity fragmentation issue in the cryptocurrency space, helping users no longer need to remember multiple ID domains or manage multiple wallets across different blockchains. As a result, the Web3 experience becomes seamless, safe, and time-saving.

What is OneID's role in the current multi-chain blockchain ecosystem?

OneID serves as a cross-chain digital identity bridge, helping users and businesses manage identity uniformly, securely, and conveniently across the entire blockchain ecosystem.

Integrating over 70 blockchains helps reduce fragmentation risks, increase personal security, and optimize operations for both users and developers. OneID is not just a login solution but a comprehensive authentication, transaction, and identity management platform in the Web3 era.

Why is the demand for OneID increasingly high in the cryptocurrency community?

The demand for OneID has surged due to the rapid development of dApps, multi-chain wallets, and the complexity of managing multiple accounts and ID domains across different blockchains, leading to inconvenience, risks, and significant costs.

Users having to remember and manage multiple different ID domains has created a major obstacle, while incurring substantial costs when purchasing multiple IDs across different chains.

Web3 Report 2023, TinTucBitcoin

Before OneID, users had to register separate IDs on each blockchain, facing the risk of domain name theft, high ID purchase fees, and easy confusion in management. Solutions like ENS only support one chain, lacking cross-chain capabilities, further highlighting OneID's role in unifying and simplifying the Web3 experience.

How does OneID operate to ensure security and optimize multi-chain experience?

OneID operates based on two core components: SDK and Contract, supporting developers to quickly integrate with dApps, while providing users the ability to transact and verify through a unique ID instead of complex wallet addresses.

OneID brings a seamless login experience across all blockchains with just one unique ID, something the Web3 community has long awaited.

Nguyen The Vinh, CEO of Ninety Eight, December 2023, TinTucBitcoin

OneID provides Multichain ID (MID) allowing sending, receiving Coins and transacting across multiple blockchains without worrying about chain structure. Businesses and developers can choose two SDK sets:

  • Inspect SDK: Integrates shared ID across over 70 blockchains, supporting quick wallet linking.
  • Core SDK: Directly register OneID on their own dApp, sharing revenue when integrating for end-users.

Notably, OneID supports identity transfer as a VRC-725 standard NFT and eliminates the need for VIC Token to pay gas fees, making all identity access operations seamless, convenient, and maximally secure.

What outstanding features help OneID excel compared to current Web3 identity platforms?

OneID stands out through its unique identity model for all blockchains, powerful integration capabilities, decentralized ownership mechanism, and transparent fee policy that saves costs for users.

OneID creates differentiation through a unique identity model for all blockchains, powerful integration capabilities, and a completely decentralized ownership mechanism for users.

Nguyen The Vinh, CEO of Ninety Eight, December 2023, TinTucBitcoin

  • One ID for all blockchains: Convenient identity management, no need for multiple links.
  • Identity autonomy: Not controlled by third parties, completely secure on blockchain.
  • Flexible integration: Compatible with all wallets, dApps, automatically expanding when new blockchains launch.
  • Diverse ID choices: .c98, .bitcoin, .hodl, .wagmi extensions serving personalization needs.
  • One-time fee: Buy once, use forever, cost-saving.
  • Powerful SDK & API: Easy support for developers to build identity solutions for projects.
  • Zero Gas: Users don't need to hold VIC Coin to pay gas fees on OneID.

Thus, all money transfer, Token receiving, or dApp usage operations only require a single verified identity, making transaction experiences seamless, secure, and time-saving.

What types of IDs are currently being applied on OneID?

OneID categorizes ID names into four groups: Regular, Protected, Governed, Premium, each meeting different needs and purposes with specific fees and conditions.

ID TypeTargetCharacteristicsFee
RegularIndividualEasy registration, low requirementsLow fee
ProtectedBrands, ProjectsName protection, priority for organizationsHigher fee than Regular
GovernedSensitive/Violating NamesNot open for public registrationNot applicable
PremiumIndividuals, OrganizationsBeautiful, popular, special namesHigh fee ($500)

This classification helps ensure a transparent ID registration process that meets the needs of the public and businesses, while preventing the occupation of sensitive or policy-violating names.

How can ID names on OneID change status?

Each ID name on OneID goes through statuses: Available, Registered, Grace Period, Premium Period, corresponding to different rights and obligations.

  • Available: Open for everyone to register.
  • Registered: Only used by the owner, automatically transferred to Grace Period when expired.
  • Grace Period: 30 days for the ID owner to re-register, cannot edit profile, will lose ownership if not renewed.
  • Premium Period: After the grace period, anyone can repurchase at the Premium fee.

Clear status helps users proactively manage, renew, and transfer IDs, while protecting long-term usage rights.

How does OneID determine fee levels?

OneID applies three fee levels: base fee based on ID name character count, a fixed service fee of $1, and a $500 Premium fee for special or highly sought-after names.

  • Base Fee: Varies according to the number of ID characters.
  • Service Fee: Fixed $1 fee for all ID registration cases.
  • Premium Fee: $500 applied to special ID names.

The transparent fee policy helps users easily estimate costs and encourages registration of common ID names at reasonable rates.

What benefits does OneID provide to users and developers?

OneID helps users save time and costs, reduce security risks through a single identity across all blockchains, and opens up integration and revenue sharing opportunities for dApp developers.

Integrating OneID helps dApps easily expand across multiple blockchains while enhancing user experience through a simple, secure, and transparent authentication process.

Web3 Report 2023, TinTucBitcoin

Developers can use OneID's powerful SDK and API for quick integration and benefit from the revenue sharing model when users register IDs directly on their dApp.

Comparing OneID with other popular Web3 identity solutions

OneID stands out compared to solutions like ENS (Ethereum Name Service) due to its multi-chain capability, one-time fee, easy NFT transferability, and strong integration with the Web3 ecosystem.

CriteriaOneIDENSUnstoppable Domains
Multi-chain capabilityOver 70 blockchainsOnly EthereumOver 10 blockchains
Registration feeOne-time, fixed service feeAnnual feeOne-time
TransferabilityVRC-725 NFT, flexibleERC-721 NFTERC-721 NFT
dApp integrationPowerful SDK & API, multi-chainMainly on EthereumMore limited
Zero GasYesNoNo

The comparison shows OneID's superiority in multi-chain capability, fee policy, transferability, and integration, aligning with modern Web3 development trends.

How is OneID practically applied in the Web3 ecosystem?

OneID has been integrated into many dApps, multi-chain wallets, and trading platforms, allowing users to access, transact, and authenticate across the entire blockchain ecosystem with a single identity.

Using OneID helps minimize security risks, eliminates the need to remember multiple wallet addresses, and increases transaction and authentication speed on Web3 platforms.

Web3 Report 2023, TinTucBitcoin

In practice, many projects have noted a 15-20% increase in user conversion after integrating OneID, while reducing support requests related to forgotten domains or account access loss.

Frequently Asked Questions

How do I register a new ID name on OneID?

Users simply need to log in to their wallet, check the ID name status, choose an appropriate name, and complete the payment directly on the OneID platform.

Can OneID support ID transfer to others?

Yes, IDs on OneID are VRC-725 standard NFTs, so users can flexibly transfer them to others via the Viction blockchain.

When are Premium and service fees applied?

Premium fees apply to special/highly sought-after names, while the $1 service fee applies to all ID registration cases.

Are there any security considerations for identity when using OneID?

OneID uses a decentralized blockchain, so only the owner can control their identity, without dependence on any third party.

How can I integrate OneID into my dApp?

Developers can use the SDK and API provided by OneID, with simple integration across 70 supported blockchains.

Does OneID support personalized ID suffixes?

Yes, OneID offers various suffixes like .c98, .bitcoin, .crypto, .wagmi, .hodl for users to personalize their identity.

Do I need to hold VIC Coin for gas fees on OneID?

No, OneID implements a Zero Gas policy, so users do not need to hold VIC Coin to perform operations on the platform.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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