Last week, the Omni Foundation announced the $OMNI Genesis airdrop, a pivotal milestone for Omni on its path to becoming a fully decentralized network. Today, the Omni Foundation is excited to expand on this with additional information regarding $OMNI’s supply and tokenomics.

$OMNI is an ERC-20 token launched on Ethereum L1 with a maximum supply of 100,000,000. At genesis, $OMNI will have a circulating supply of 10,391,492 (10.39% of total supply). $OMNI will fulfill critical functions within the Omni protocol, as detailed in this post. Claims for the $OMNI Genesis airdrop will go live on April 17, 2024 at 11:00 UTC on the Genesis claims portal. At this time, the community can also stake $OMNI to be eligible for additional rewards using the claims portal. We strongly advise our community members to exercise caution and be wary of potential scams.

Token Distribution & Release Schedule

$OMNI will be distributed across the following categories:

Public Launch

9.27% – 9,270,000 $OMNI 

Last week, the Omni Foundation released details for the $OMNI Genesis airdrop. Early testnet users, community members, and protocol partners will be able to claim their $OMNI Genesis rewards on April 17th beginning at 11:00 UTC. 3,000,000 $OMNI will be distributed as a recognition of the community’s contribution to bootstrapping Omni and the wider Ethereum ecosystem. The remaining Public Launch tokens will be used for public launch pools and liquidity.

Ecosystem Development

29.5% – 29,500,000 $OMNI

Developers building with Omni are the key to ushering in a new generation of globally accessible applications across all Ethereum rollups. Omni is committed to fostering a thriving developer community building on the Omni EVM and across Ethereum’s rollup ecosystem. $OMNI tokens reserved for the Ecosystem Development category will be initially used at the discretion of the Omni Foundation. In the future, this responsibility will be transitioned to token holder governance. At genesis, 496,492 $OMNI will enter the circulating supply for early validator rewards and network bootstrapping.

Community Growth

12.67% – 12,666,667 $OMNI

Future initiatives, such as grant funding and other relevant programs, will be vital for Omni’s growth and adoption. Community Growth tokens will be initially used at the discretion of the Omni Foundation. In the future, this responsibility will be transitioned to token holder governance.

Core Contributors

25.25% – 25,250,000 $OMNI

A portion of $OMNI supply is allocated to the protocol’s current and future contributors. Individual contributors are subject to a 4 year vesting period (beginning at the date of joining the project) with a 1 year cliff for ¼ of their total tokens followed by stepwise unlocks every 6 months for the remaining ¾ of tokens. All tokens allocated to core contributors are subject to a 3 year unlock schedule after the token generation event that includes a 1 year cliff for ⅓ of the total tokens followed by stepwise unlocks every 6 months for the remaining ⅔ of tokens.

Investors

20.06% – 20,063,334 $OMNI

Since its founding, Omni Network has enjoyed the backing of influential investors from the Ethereum community, whose knowledge and strategic advice have significantly contributed to Omni's expansion and evolution over the past two years. All tokens allocated to investors are subject to a 3 year unlock schedule that includes a 1 year cliff for ⅓ of the total tokens followed by stepwise unlocks every 6 months for the remaining ⅔ of tokens.

Advisors

3.25% – 3,250,000 $OMNI

The final portion of $OMNI is allocated to advisors for expertise and guidance on network development. 625,000 $OMNI will be unlocked at genesis while the remaining tokens will be subject to a 3 year unlock schedule that includes a 1 year cliff. 875,000 $OMNI will be unlocked after the 1 year cliff, followed by 437,500 $OMNI unlocked every 6 months for the remaining 2 years.

Total Supply

Locked and/or unvested tokens for the Core Contributors, Investors, and Advisors categories cannot be staked. $OMNI unlocks will be complete across all categories three years after token genesis. The Ecosystem Development and Community Growth allocations will be unlocked at genesis but will enter circulation at the discretion of the Omni Foundation and community governance. Inflation for validator rewards after the third year will be determined by community governance.

Summary

$OMNI is an ERC-20 token on Ethereum L1 with a 100,000,000 maximum supply. $OMNI Genesis rewards can be claimed using the claims portal beginning on April 17, 2024 at 11:00 UTC. The token will have a 10,391,492 initial circulating supply. Users will have the option to stake their $OMNI for future Genesis rewards using the claims portal. We strongly advise our community members to exercise caution and be wary of potential scams.

Disclaimer

THIS IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO PURCHASE ANY OMNI TOKENS, AND IS NOT AN OFFERING, ADVERTISEMENT, SOLICITATION, CONFIRMATION, STATEMENT OR ANY FINANCIAL PROMOTION THAT CAN BE CONSTRUED AS AN INVITATION OR INDUCEMENT TO ENGAGE IN ANY INVESTMENT ACTIVITY OR SIMILAR. YOU SHOULD NOT RELY ON THE CONTENT HEREIN FOR ADVICE OF ANY KIND, INCLUDING LEGAL, INVESTMENT, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVICE, AND SUCH CONTENT IS NOT A SUBSTITUTE FOR ADVICE FROM A QUALIFIED PROFESSIONAL.

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