Interview by The Capital

Project Rundown Interview with Omnia DeFi

 

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Project Rundown Interview with Omnia DeFi

The CapitalFollowJun 18 · 9 min read

Hey guys! Happy to connect today and learn more about the Omnia DeFi project! Can you tell us more about the founding of Omnia DeFi and what the problem is that you were addressing?

According to Oxfam International’s January 2020 report, the world’s richest 1% own twice as much as the bottom 90%. In 2019, 2,153 people had more wealth between them compared to 4.6 billion people. There is an enormous imbalance in prosperity distribution in the present global economy. Omnia DeFi seeks to redress this imbalance by working toward universal access to wealth creation. Considering the statistics, if just one billionaire engages, how many people will benefit?

Humankind is at an exciting crossroads, people are more connected, more aware, more engaged. Technology has enabled us to take huge leaps forward and address some of the bigger global concerns regarding the future of our planet. We see the development of Decentralised Finance playing a crucial role in the democratic distribution of wealth, providing opportunities for future generations to share in, and have access to the tools which will empower their lives. We see Omnia DeFi at the heart of this revolution and we would like to invite everyone to participate in shaping this future.

Could you please give us a rundown of the most important things about Omnia DeFi?

Omnia DeFi delivers a blockchain-powered exchange platform and aims to be a leader in tokenising real-world assets and making the value of those assets tradable. The platform indexes data tied to asset value and turns that value into tradable tokens. Our system makes buying and selling high-value assets affordable and user-friendly for everyone. Omnia DeFi represents the future of cryptocurrency with more stability and accessibility, directly linked to the value of real-world underlying assets.

Beyond progressive technical innovations the company’s vision is to deliver universal access to wealth creation and have significant social impact. There is already $500M in real estate and fine art committed to the Omnia DeFi project.

So going forth into 2021 and beyond, how will Omnia DeFi make an impact in the crypto space, or on the world?

Omnia DeFi can unlock the potential for anyone to safely participate in the bold new future of wealth generation. The unbanked can tokenise to develop land or to build up their farm or business, while providing an attractive buy opportunity for anyone in the world. Omnia DeFi global tokenisation can serve as an asset registration infrastructure to support the free flow of international venture capital into areas where it is needed the most. Everyday people with modest income are afforded an opportunity to fractionally participate in adding value to precious fine art or prime real estate to gradually build their wealth. They can contribute to the global funding of large national infrastructure projects. While individually the general population may not have the capacity to purchase high-value assets outright, or to manage them, collectively they have an unlimited potential to capitalise projects that significantly benefit both the local and global economies.

To this end, Omnia Asset Tokens (OATs) serve to make high-end assets more liquid and securely exchangeable between all types of sellers and buyers. With OATs, Omnia Stable Coin (OSC) will redefine stability in the crypto market.

Now, could you tell us about your accomplishments so far, and in the history of Omnia DeFi, please tell us what you are most proud of.

We’ve been very actively working for about a year and a half and have overcome many challenges along the way, even plowing through the pandemic. This period has shown the tenacity and competency of a team dedicated towards the end goal of becoming the biggest and most used platform for real-world tokenised assets by the year 2030. We have incorporated in the UK and Denmark. We have put together a very effective, heart-centered team who works well together with great synergy and enthusiasm.

Now, give us a quick rundown of the future of the project. For example, what new things are you seeking to bring to life and what will it mean for Omnia DeFi?

Please go here to review our Lite Paper, including our roadmap.
OMNIA DeFi will have three coins in its ecosystem:

  • OMNIA Tokens ($OMNIA) are exchange and utility tokens within our system linked to tokenisation efficiency.
  • Omnia Asset Tokens (OATs) will be createdafter full regulatory approval. These asset tokens will be tied in smart contracts to the physical real-world assets underlying their value.
  • Omnia Stable Coin (OSC) will be created after OATs. OSCs will be pegged to the US Dollar with all pooled OATs as underlying value. With all the pooled OATs as the underlying value, we believe OSC will offer more stability than other stablecoins on the market.

Tell us about your team. Who’re the people behind the screens?

The Omnia DeFi team is a group of growth-minded friends productively collaborating at the global level. We are a culturally and linguistically diverse group, with distinct and valuable skills from a variety of academic and professional backgrounds, sharing a common vision of significant social impact. We take pride in our company culture of mutual trust and respect, and ethical high expectations. We don’t just dream big beautiful dreams; we are fully committed to integrity and have an abundance of not only resilience, but determination to see our vision through.

Which partnerships have Omnia DeFi engaged so far, and which ones are the most impactful?

We are in conversation with several strategic partners across a variety of industries and governments. Due to the confidential nature of these discussions we cannot disclose further details at this stage. We are seeking and vetting custodial and launch partners at the moment and would welcome inquiries. Interested parties should connect with us on LinkedIn.

Now on a more technical side of things, what are the coin metrics for $OMNIA Tokens, and how do these lead to a stable and balanced system?

Most simply put, our platform indexes data tied to asset value and turns that value into tradable tokens. OATs serve as value index tokens. Each asset has an integer acting as an index number representing the total stored value and assurance tied data on that asset. The index number can be divided into x number of fractions indicating total fixed amount of tokens available linked to that integer. The index number is given an overall safety rating derived from KYC/KYA/AML scores plus any number of additional proofs and concessions or assurances. This safety rating lets the token buyer know the risk level associated with buying the tokens. Safety ratings are up for constant review by prompting at regular (or irregular) intervals and/or by Omnia DeFi, the token traders, or the asset holders themselves.

Transactionally, let’s say you have a $100K Joan Mitchell and want to raise cash to finance its exhibition tour. You decide to tokenise, and receive100 tokens for the painting. You keep 51 of the tokens (51%). The remaining 49 are sold to people who are now fractional owners of the Joan Mitchell. They get to own up to 49% of your valuable art, but you still get to decide how to manage it. If on the other hand you are one of the people who purchased one or more of the 49 tokens, if the price of the painting rises, so does the value of your tokens — without you having to put much effort into maintaining the expensive painting.

Or let’s say you inherited land but have no capital to start a farm or to build on that land. You cannot trust the local banking system where you are and it is virtually impossible for you to obtain the loan that you need. People around you are just as short of cash as you are. By tokenising you can properly register your land and sell 49% of the tokens attached to it and release your equity in the land. Being on the platform allows you to present your land development plan and attract token buyers from around the globe, exponentially increasing your chances of getting funded.

OMNIA DeFi Tokenomics are as follows:

💰 Total supply: 10,000,000

💸 Circulating supply — at public listing: 2,575,00

– Liquidity pool: 575,00

– Advisors & giveaways: 300,000

– Bootstrap funding: 300,000

– Private presale & Public presale: 1,400,000

👨‍👩‍👧‍👦 Core team: 1,350,000 — locked for 15 months, streamed daily for a total of 90,000 tokens/month

⚠ locking time & amount might be subject to change → tokens not available at the moment — be aware of possible scams

👨‍💻 Development: 1,725,000–50% locked for 7 months (no stream release)

⚠ locking time & amount might be subject to change → tokens not available at the moment — be aware of possible scams

🚀 Marketing: 1,000,000–50% locked for 6.5 months (no stream release)

⚠ locking time & amount might be subject to change → tokens not available at the moment — be aware of possible scams

🌕 [Burn] Moon Vault: 1,000,000 — AR reality app, 20% on earth, 80% on the moon

⛲ Liquidity pool: 575,000

🕵️‍♀️ Advisors & Giveaway: 300,000

👉 Bootstrap funding: 300,000 — funds will be used for marketing to get a lot of attention before R1

👉 R1: 150,000 — capped at 25,000 DAI → contact the team for higher amounts

👉 R2: 1,250,000 -capped at 100,000 DAI

⚠ R2 supply might decrease as we find arrangements with high-level R1 token holders.

👨‍🌾 Staking & farming: 2,350,000 — could be managed by a multisig that will stream rewards to staking & farming contracts. Useful in case these contracts need to be updated or paused for security reasons

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Core team vesting schedule

Core team tokens will be locked for 15 months but released by a stream on a daily basis.

Why so? Streaming core team tokens will prevent the team from flooding the market.

Instead of selling a big chunk every quarter or after +6 months which would have negative effects on the market, the Omnia team chooses to use amazing DeFi tools to have a lesser impact on $OMNIA tokens if team members were to sell their allocation.

— –

Unsold tokens

All unsold tokens from bootstrap funding, private & public presale will be burnt.

— –

Bootstrap funding, private presale & public presale funds usage

Bootstrap funding

±60% of funds will be used for marketing purposes in order to make successful presales.

±40% of funds will be used to be AML compliant, to audit smart contracts & pass cyber essentials.

Presales

50% of funds acquired during private & public presales will be used for DEX listing.

50% of funds will be used for Omnia working funds. Cash flow is business’s blood: most companies die from lack of cash.

Liquidity locking

⚠ This might be subject to change as we are looking for a partnership with a launchpad, meaning we will follow their requirements.

33% of LP tokens will be locked 4 months

33% of LP tokens will be locked 8 months

33% of LP tokens will be locked for 1 year

As we see different chains, L2 solutions & cross-chain solutions emerging we need to be very flexible and proactive regarding the tools we are using. That is why we need to have access to liquidity to navigate from one chain to another while furnishing liquidity to bridges.

If people would like to follow Omnia DeFi on their social media pages, visit your website or read your important documents like your white paper, what are the links they need to visit? Please list them below.

Visit us on our website and chat with us on Telegram!

Website: https://omniadefi.com/

Telegram — chat: https://t.me/omnia_defi_official

Telegram — announcement: https://t.me/omnia_defi_annoucement

Twitter: http://twitter.com/Omnia_DeFi

LinkedIn: https://www.linkedin.com/company/omnia-defi-ltd/

Disclaimer: This article is not intended to be a source of investment, financial, technical, tax, or legal advice. All of this content is for informational purposes only. Readers should do their own research. The Capital is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by reliance on any information mentioned in this article.