Omni Network (#OMNI ) is a layer 1 blockchain that aims to integrate Ethereum's aggregated ecosystem into a unified system. Using Omni, developers can build native global applications that have access to all Ethereum's liquidity and users by default.
The project has raised $18 million in two private token sales, 9.1% of the total OMNI token supply at $0.18/OMNI (Seed Round), and 11% of the total OMNI token supply at $0.18/OMNI (Seed Round) and $1.50/OMNI (Series A), accounting for 20.1% of the total OMNI token supply sold in the private round.
As of April 12, 2024, the total supply of OMNI is 100,000,000, and the circulating supply after listing is approximately 10,391,492 (approximately 10.39% of the total token supply).
Token economic model: as shown in the figure
Recent Binance online projects:
$ENA raised 21.5M USD and had a market value of 600 million.
$SAGA raised 11.5M USD and had a market value of 500 million.
$ETHFI raised 32.3M USD and had a market value of 500 million.
It can be inferred that Binance Launchpad has control over the basic requirements for the market value of the project, which roughly needs to meet the requirement of 500 million circulating market value. That is, the price forecast for Omni's launch is 50 US dollars per unit.
The trend of the project after launch is related to many factors such as the track market. Omni Network is an integrated aggregation layer based on Ethereum. The design goal is to allow developers to build applications across various Ethereum expansion solutions through a unified framework. Its key technical features are:
1. Dual staking model: Omni is a Proof of Stake (PoS) network, and security is supported by two types of staking: re-staking #ETH and OMNI tokens. This structure increases the security and stability of the network.
2. Sub-second verification: The Omni network uses a consensus algorithm called CometBFT to quickly process transactions and cross-aggregate messages. This consensus mechanism, combined with transaction pre-confirmation and insurance mechanisms, can achieve sub-second transaction finality. 3. Diverse aggregation support: Omni has designed a flexible architecture that minimizes integration requirements with different aggregation solutions. It is compatible with any aggregation virtual machine, programming language, and data availability architecture.
4. Backward compatibility: Omni allows existing Ethereum applications to be integrated into the Omni network without modifying smart contracts. Developers can simply modify the front-end code to send cross-aggregate messages through Omni.
5. Modular node architecture: Omni's node architecture (Octane) is designed around the Ethereum engine API, which separates the consensus and execution environment of each node and enables nodes to use existing Ethereum execution clients.
6. Integrated consensus: Omni's validators use CometBFT consensus and ABCI++ voting extensions to process cross-aggregate messages and transactions on the Omni EVM at the same time.
7. Native global applications: Omni EVM supports dynamic propagation of contracts and interfaces to any aggregation, simplifying the development of cross-aggregate applications. This approach reduces the possibility of smart contract vulnerabilities caused by the complexity of handling distributed states.
Omni is closely related to the development and growth of the ETH ecosystem, but the track has been relatively weak recently. Because the amount of Omni's financing is lower than ETHFI, the trend after listing will be weaker than the development of ETHFI's coin price.
