Omni Network logo

Omni Network (OMNI)

Past
Total Raise: $18,100,000
Date: TBA - 17 Apr

The Omni Network is a Layer 1 blockchain powered by the dual Proof of Stake mechanism of the restaked ETH and the native $OMNI token. This allows developers to deploy Omni rollup smart contracts on the Omni network, enhancing the interoperability of Ethereum L2  solutions and unifying them into a single mechanism.

At the platform’s DAO and PoS mechanism lies the native $OMNI token. Its main purpose is to grant access to decentralized voting, pay fees, and reward node runners within the network.

The company’s vision towards rollup interoperability has garnered significant attention from leading funds such as Coinbase Ventures, Spartan Group, and others, securing over $18.1 million from them.

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Omni Network Overview

Ticker: OMNI
Country: United States
Founded: 2021
Whitelist: No
Blockchain Network: Omni Network
KYC: Yes
Bounty: Yes
MVP: Yes
Type: IEO, Equity
Security Audit: No

Omni Network Review

Let’s dive deeper into the question: “What is the Omni network?”

The Omni network is Ethereum’s integrated rollup and Layer 1 blockchain designed to enhance Ethereum cross-rollup interoperability. It allows developers to integrate the Omni network into their dApps without any changes to the code and send cross-rollup messages through the network.

At the heart of the protocol’s security lies the dual Proof of Staking mechanism, powered by the security of the restaked ETH through EigenLayer and the platform’s native token $OMNI.

Token utility: The $OMNI token, while playing a crucial role in powering the network’s PoS mechanism, is also used for granting access to Omni’s governance votings, paying fees for utilizing the network, and rewarding node runners.

On the 11th APR 2024, the network announced the launch and airdrop $OMNI, followed by the $OMNI IEO on Binance the next day after announcement. 

Considering all the courage and different narratives around the Omni network token, airdrop and IEO, here are some major pros and cons related to the Omni network crypto project:

 

Omni network pros:

  • Highly demanded product that aligns with "bullish L2 and liquid restacking narratives" across the crypto community
  • Relatively low Initial Market Cap/Fully Diluted Valuation ratio (10.39%)
  • Low token inflation rate (0.948%)
  • Strong performance in PR, Growth, and Social Media Marketing.
  • Listing and IEO on Binance
  • Presence of tier 1 funds and partners supporting the project
  • Experienced team with a relatively strong track record.

Omni network cons:

  • There's no mainnet launch announcement yet
  • Security audits have not been announced despite the mainnet is yet to be launched
  • Lack of transparency in private round investment conditions: there are hardly any details on the project's Seed and Series A round.
  • Weak marketing infrastructure
  • Below-the-average Influencer marketing performance.

Omni Network Token Economy

Total Raise: $18,100,000
Total Supply: 100,000,000
Private/Pre-sale: 20,060,000 (20.06%)
Public Sale: 3,500,000 (3.5%)
Fully Diluted Valuation (FDV): $150,000,000
Initial Circulation Supply: $15,585,000 (10.39% of FDV)

Omni Network Token Sale (ICO & IDO) Rounds

IEO: 13 Apr - 17 Apr

Price: $1.5
Tokens for sale: 3,500,000
Raise: $5,250,000
Lock-Up: No lock-up
Seed: TBA - TBA

Price: $0.18
Tokens for sale: 9,100,000
Raise: $1,638,000
Lock-Up: 12 month cliff, then 33.3% unlock and then token unlocks ...
Private: 26 Apr - 27 Apr

Price: $1.5
Tokens for sale: 11,000,000
Raise: $16,500,000
Lock-Up: 12 month cliff, then 33.3% unlock and then token unlocks ...

Omni Network Token Release Schedule

Omni Network Token Release Schedule

Omni Network Funds and Backers
(3/6)

Submit
Coinbase Ventures logo
Coinbase Ventures
Score: Very High
14 numbers of
investment
Read More
The Spartan Group Logo
The Spartan Group
Score: High
8 numbers of
investment
Read More
Jump Crypto
Jump Crypto
Score: Medium
6 numbers of
investment
Read More
View All

Omni Network Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  12 Apr 2024 Upgrade

Omni Network Team

Austin King
Austin King
Co-Founder & CEO
Tyler Tarsi
Tyler Tarsi
CTO
Matt Poreda
Matt Poreda
COO

Omni Network News

Omni Network Roadmap

2022
  • Omni closed an $18M round led by Pantera Capital;
2023: Q2
  • Omni Network came out of stealth and released the first technical architecture documents;
2023: Q3
  • Testnet Phase 1;
2023: Q4
  • Testnet Phase 2;
2024: Q1
  • Omni became the first AVS with >$1B of economic security from top LRTs, incl. Ether.fi, KelpDAO, and Swell;
  • Open Liquidity Network launched;
  • Testnet Final Phase;
  • Omni Whitepaper release.

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