@Blog Tiền Ảo - The Ethereum ecosystem is growing rapidly with the emergence of many Layer-2 solutions, especially Rollups. However, liquidity fragmentation and limited interoperability between Rollups are major challenges. Omni Network was born with the mission of solving this problem, providing a promising Layer-1 scaling solution. So what is Omni Network ($OMNI )? What is special about this project? This article will give you the most detailed and comprehensive view of Omni Network, from concept, technology, advantages and disadvantages, tokenomics, founding team, to development roadmap and how to participate.
1. What is Omni Network ($OMNI)?
Omni Network is a Layer-1 blockchain designed to connect and scale the interoperability of Layer-2 Rollups on Ethereum. Omni Network acts as a “bridge” between Rollups, allowing them to share liquidity and interact with each other easily. The project uses an ETH “restaking” mechanism to enhance security and a “dual-chain” architecture to optimize performance.
2. Why do we need Omni Network?
Layer-2 Rollups were created to solve Ethereum's scalability issues. However, each Rollup operates independently, creating liquidity fragmentation and limiting interoperability. This makes it difficult for users and dApp developers. The Omni Network was created to solve these issues, providing the following benefits:
Enhanced Interoperability: Omni Network allows Rollups to communicate and share liquidity with each other, creating a more unified and efficient Ethereum ecosystem.
Improved user experience: Users can easily move assets and interact with dApps across different Rollups.
Accelerate dApp growth: Developers can build dApps that operate on multiple Rollups, reach a larger user base, and leverage the benefits of each Rollup.
3. Highlights of Omni Network
Restaking ETH: Omni Network allows users to "restake" ETH staked on the Beacon Chain to participate in securing the network and receive rewards.
Dual-Chain Architecture: Omni Network uses a “dual-chain” architecture consisting of an EVM-compatible main chain and a side chain for fast transactions.
High Interoperability: Omni Network supports cross-chain standards, allowing connections with other blockchains.
Strong Community: Omni Network is backed by a large community of users and developers.
4. Advantages and disadvantages of Omni Network
Advantage:
Scalability Enhancement for Ethereum: Omni Network helps solve fragmentation and expand interoperability for the Rollup ecosystem.
Enhanced Security: ETH restaking mechanism enhances the security of the network.
High Performance: Dual-chain architecture enables fast and efficient transaction processing.
Community Support: Omni Network has an active community of users and developers.
Disadvantages:
Dependent on Ethereum: The success of Omni Network depends on the development of Ethereum.
Competition: Omni Network has to compete with other Layer-2 solutions in the market.
Technology Risk: Omni Network is a new project, there are still risks related to technology and security.
5. Omni Network founding team
Omni Network was founded by a team of experienced experts in the blockchain and cryptocurrency field. The team includes:
Andrey Shevchenko: Co-founder, former software engineer at Airbnb.
Vlad Grichina: Co-founder, former researcher at zkSync.
(Information about other members of the founding team can be updated from the project's official website)
6. Omni Network Tokenomics
OMNI is the utility and governance token of Omni Network, used for the following purposes:
Governance: OMNI token holders have voting rights in important protocol decisions, including parameter changes, network upgrades, and fund allocations.
Transaction Fees: OMNI is used to pay transaction fees on the Omni Network.
Staking: Users can stake OMNI to participate in securing the network and receive rewards.
Development Incentives: OMNI is used to incentivize developers to build dApps on the Omni Network.
Tokenomics details:
Total supply of OMNI tokens: 100,000,000 OMNI (100 million OMNI)
Token Allocation:
Core Contributors: 22.5%
Community & Ecosystem: 20%
Foundation: 17.5%
Early Investors: 15%
Future Rounds: 10%
Grants: 7.5%
Binance Launchpool: 7.5%
Release Schedule: OMNI tokens are distributed gradually over several years.
7. Omni Network's development roadmap and notable events
April 2023: Omni Network raises $18 million in a funding round led by Pantera Capital.
July 2023: Testnet launch.
December 2023: Mainnet officially launched.
April 2024: OMNI listed on Binance Launchpool.
2024 - 2025: Omni Network is expected to focus on expanding the ecosystem, attracting dApp developers, and integrating with other blockchains.
8. Where can I invest and buy OMNI tokens?
The OMNI token is now listed on a number of cryptocurrency exchanges, including:
Gate.io
Mexico
Bybit
9. Conclusion
Omni Network is a promising Layer-1 solution that brings scalability and interoperability to Ethereum's Rollup ecosystem. With advanced technology, an experienced team, and a strong community, Omni Network is expected to contribute to the development of DeFi and Web3. However, investors need to be cautious, research carefully, and assess the risks before deciding to participate.
Source: BLOGTIENAO
Note: This article is for general information only and is not financial investment advice.
