Decoding $OMMI (Ommniverse), Its Utility Benefits, And IDO Details You Must Know

Decoding $OMMI (Ommniverse), Its Utility Benefits, And IDO Details You Must Know

Announcements
February 24, 2023 by Diana Ambolis
969
IDO Alert! Ommniverse, the NFT marketplace for fractional NFTs, offers its native token OMMI as an IDO on multiple platforms. IDOs have taken the crypto world by storm, promising traders to buy crypto at lower prices before they take off in the open market. For the upcoming OMMI IDO, let’s decode its uses and outline
Decoding $OMMI (Ommniverse), Its Utility Benefits, And IDO Details You Must Know

IDO Alert! Ommniverse, the NFT marketplace for fractional NFTs, offers its native token OMMI as an IDO on multiple platforms. IDOs have taken the crypto world by storm, promising traders to buy crypto at lower prices before they take off in the open market. For the upcoming OMMI IDO, let’s decode its uses and outline why it’s worth keeping a close eye on its launch.

What is $OMMI?

Ommniverse ($OMMI) is ushering in a new era of investment opportunities with fractional NFTs. Now, everyday investors can own pieces of premium NFTs with small investments. They no longer need to commit to purchasing the entire NFT, which can often be expensive. 

Ommniverse intends to lower the entry barrier and enable more users to benefit from the earning potential of trading NFTs while ensuring that hardworking curators are fairly compensated for their efforts. The platform aims to secure user portfolios by closely monitoring market prices and movements to keep users well informed.

The OMMI token stands out as a community token, with utilities specifically designed to benefit members who are looking to invest in art NFTs. OMMI provides users with an exciting new way to diversify their portfolio.

Utility Benefits of $OMMI

OMMI acts as the utility and the governance token.

 

Governance

OMMI tokens carry a powerful utility beyond monetary use. OMMI tokens confer voting power within the OMN Universe, allowing people to participate in shaping and developing our public blockchain ecosystem. OMMI tokens can be staked by users. When users hold OMMI in their wallet, it designates the weight of their voting right; the more OMMI one holds, the more important their delegation or vote on a proposal holds.

 

Utility

  1. All exchanges in the ecosystem use the OMMI token
  2. OMMI token liquidity and staking increase returns
  3. An NFT staking program that locks NFTs and OMMI tokens will generate more APY
  4. Ommniverse will partner with brands and conduct transactions outside the platform using the OMMI token.

 

Token value

The OMMI token is an ERC-20 standard token hosted on the Ethereum blockchain with a maximum supply of 6 million tokens. 50% of the NFT sale revenue will be burnt. This will ensure that the prices are always buoyant.

The security and functionality of the OMMI smart contract have been verified through the renowned audit company Certik, guaranteeing the protection of users’ assets.

Learn more about the token in the Whitepaper.

 

OMMI IDO Details

OMMI IDO will be released on two platforms: Kommunitas and Bitmart launchpads.

 

Kommunitas

Date: 27th Feb 2023, 9 am UTC – 3 am UTC

Price: $0.7

Vesting: 20% for TGE and 5% every month for the next 16 months

Target raise: $100,000

 

The $OMMI token will be available on the Kommunitas launchpad, with a target raise of 100,000 USDC (Polygon). 

-Initial market cap: $110,000

-Total supply: 6,000,000 OMMI. 

-Swap rate: 0.7 USDC (Polygon) / BUSD (BSC)

The last staking and voting period is Mon, 27 Feb 2023 03:00. The preparation period is Mon, 27 Feb 2023 09:00.

Here’s how you can participate in the IKO or the Initial KOMmunity Offering :

  • First, you must have KOM tokens. You may buy KOM here
  • Secondly, visit staking.kommunitas.net and connect your wallet.
  • Stake your KOM in one of the 30/60/90 day pools (please note that this is a locked staking, but you will enjoy some juicy rewards. Please refer to: https://docs.kommunitas.net/faqs/staking-faq
  • If you stake more than 3,000 KOM, you will receive 1 KOMV (KOM Voting) Token, which will be used to vote for participation in Booster 1 of each Public Sale. (For Private Sale, you will need to stake at least 500,000 KOM)
  • Make sure that you stake and vote before the Last Staking and Voting Period ends (shown in the details of each upcoming project).

 

Bitmart

Date: 28th Feb 2023

Price: $0.7

How to participate:

 

  1. Register on https://www.bitmart.com/register/en-US?r=P5CS6r 
  2. Deposit crypto
  3. Start trading

For more info visit: https://bitmartblog.com/how-to-create-an-account-and-register-in-bitmart-053845 

Read complete guides here: https://bitmartblog.com/guides 

Roadmap

Ommniverse has an ambitious roadmap for this year. Having already prepared the MVP for the fractional NFTs marketplace, they are preparing to launch it on the mainnet soon.

Next, they aim to take things up a notch by developing an NFT Aggregator product. This product will be very useful for users searching for interesting NFTs since it allows people to search, discover and access multiple marketplaces in one location. 

Thus, if you are looking to find the next crypto gem, look no further than the OMMI token! With a hardcap of just 6 million and a low circulating supply, this token has huge growth potential. But you need to act fast – the IDO is happening now! Don’t miss your chance to be a part of this exciting opportunity. Participate in the IDO today and take advantage of all the benefits that come with being an OMMI token holder. For more information, visit:

 

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