Recapitulation of OMNIADeFi PROJECT AMA event held at AMA LOVERS CLUB.
Venue: https://t.me/amaloversclub
Date: Friday, 18th June, 2021
Time: 14:00 UTC
The OMNIADeFi PROJECT team was represented by @Raki_Brown, @Reza0x and @Raki_Brown who judiciously shared with us detailed knowledge and information about OMNIADeFi PROJECT.
1st Segment: INTRODUCTION
Q1: Can you please introduce yourselves and your background, also introduce the team working on OMNIA?
ANS: The easiest way for us here is to share our team profile from our website;
https://t.me/amaloversclub/227267
for more details you can check out our team detailed page https://omniadefi.com/team/
Q2: Can you introduce OMNIA, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?
ANS: There is over $280 trillion of stored wealth in physical assets worldwide. This wealth is generally illiquid and doesn’t flow, we allow the free flow of some of that value when we tokenise assets (something we will only do after full regulatory approval). We are not only focused on the technical layer like many projects or even just on the securities layer like many other DeFi projects, instead we go deeper and look to index all real world assets and make them tradable on our platform. Think Google but with value tied data exchange instead of simply empty data. We will also offer a stable coin eventually that has the OATs (Omnia Asset Tokens) as underlying value that can lend stability to the crypto markets. Finally we are not just an empty speculative token with clever tokenomics, we are focused on the real world and have a powerful burn mechanism directly related to our success in tokenising real world assets.
This can help explain more;
https://t.me/amaloversclub/227274
Q3: Can you briefly describe the top milestones you have achieved and your target milestones with timelines, also share your roadmap?
ANS: We have $500mill committed to the project in fine art and real estate that we will be tokenising after full regulatory approval. We have developed a very strong and unique business model going forwards. The roadmap is here below 👇
https://t.me/amaloversclub/227279
Q4: Can you briefly describe your PARTNERSHIPS so far?
ANS: We have no partnerships we can speak of currently. We are open for business though and if there is strong alignment we are always happy to partner up.
Q5: OMNIA is a 3 token ecosystem?
ANS: Yes, the initial token is $OMNIA and is an exchange and utility token much like other tokens you see in the cryptoverse. The second token which will be created after full regulatory approval is OATs (Omnia Asset Tokens). These tokens are index tokens linked to specific real world assets and are fractionalised, allowing the main asset owner to sell 49% of the tokens on our platform to token buyers. After we have a certain amount OATs we will be creating the OSC, which is a stable coin to compete with TETHER and DAI, OSC will have pooled OATs as their underlying value.
Q6: So Can you give an overview of your Tokenomics, and the UTILITY of the Tokens?
ANS: $OMNIA will be used for DeFi basics such as staking, farming and DAO (starting with new rewards implementation votes). It will also reflects tokenisation efficiency as we will buy back and burn $OMNIA with 50% of onboarding fees. Other rewards we will be added with your participation in the DAO merging your creativity and Omnia sister's companies & partnerships.
We are also working an AR app (think Pokemon go) to retrieve $OMNIA tokens placed on the moon and some on Earth.
About tokenomics:
👨👩👧👦 Core team: 1,350,000 — locked for 15 months, 90,000 released/month
👨💻 Development: 1,725,000 — locked for 7 months, 250,000 released/month
🚀 Marketing: 1,000,000 — locked for 6.5 months, 150,000 released/month
🕵️♀️ Advisors & giveaway: 300,000 — locked for 4 months, 75,000 released/month
🌕 [Burn] Moon vault: 1,000,000 — locked until public listing (23rd of July)
⛲️ Liquidity pool: 575,000 — locked until public listing (23rd of July)
👨🌾 Staking & farming: 2,350,000 — locked until public listing (23rd of July)
We are also looking with our platform partner to do a vesting period as follow starting on public listing, 23rd of July:
* R1: 3%/day
* R2: 10%/day
For more details about tokenomics you can check our Medium article: https://bit.ly/3fV6o9Y
2nd Segment: LIVE Questions
Q1: Their Lite Paper says that they seek to tokenize real world assets, assets such as the land of developing countries, but what about countries like South Africa and some less fortunate America that do not enter into their plans even though they can enter the cryptocurrency market?https://twitter.com/Nhairy5/status/1405702203784978434?s=19
ANS: We are in fact very interested in Africa and see it as one of the most promising places for our model to bring benefit. We will be sharing more on our plans for working in Africa and on creating our Access to Wealth Creation model there and we also have later smart village projects and green energy projects we will be doing in collaboration with Letaq Exalt and as part of the Createlinx ecosystem.
Q2: To enlarge and develop the community, does OMNIA have any plans to develop an ambassador program? Are there any requirements to become an ambassador and from which regions/countries does OMNIA open a program for ambassadors, can ASEAN countries participate?
https://twitter.com/mugiwaranomikee/status/1405789348671332354?s=20
ANS: We do indeed have an ambassador program that anyone can apply to. We require that you believe in and love the project, understand the project and have good communication skills + that you represent us with honesty 😊
There is a 10% referral code for all ambassadors and influencers.
Q3: Regarding real estate and non-property tokenization, is the token that we buy and own as proof of OWNERSHIP of real estate and non-property like a CERTIFICATE? Can the value increase or decrease according to the original real estate or non-property price?
https://twitter.com/mikaelangga/status/1405782314567696386?s=19
ANS: The OATs are index tokens for the value proposition tied to the asset. The asset can be anything over a certain value, OATs can both contain securities or be wrapped as securities but need not be either.
OATs are best seen as tokens tied to the asset via assurances that can consist of such things as insurance, deposits, custodianship and other things to secure the OATs token buyers from loosing out.
The initial price will be based on professional valuations but the token buyers can request an oracle to also give an additional valuation. After that the markets will determine the price.
Q4: OMNIA has a great aim to tokenise all real-world assets and beyond. That's great. But is it possible to tokenize all real world asset without government permission? We know countries even big countries like CHINA Don't accept crypto currency. And it’s not legal in many countries. So without government permission how OMNIA aim to tokenize all real world asset worldwide?
https://twitter.com/OsmanGazi50/status/1405894890647523333?s=19
ANS: To start with we are aiming to tokenise 1% of all real world assets by 2030 which is already very ambitious. That is roughly $3T or similar to about 1/3 in value of the entire global gold reserves. Once automation and processes are fully established the onboarding should be easy and quick so who knows how fast we can actually grow in the end. You are right to point about CHINA and other countries, we aim to strictly abide by and respect every country’s regulations and rules. We do however believe that those countries that allow for tokenisation of real physical assets will do better than those which don’t and that in the end all nations will allow for this. National infrastructure projects can for one be tokenised and allow for external non centralised investments in future as a new option for governments.
Q5: I see that OMNIA Defi generates Revenue via the onboarding fees for the real world assets by charging $500 per onboarded item. Don't you think $500 is too much of a fee to be paid per onboarded item? What will OMNIA do with the fee charged per onboarded item and are there plans in place to reduce the fee in the nearest future?
https://twitter.com/BelloABDUL0192/status/1405850923369369604?s=19
ANS: Not at all. We use a Tesla type model of starting with high value exclusive items of $10k or above + land and real estate, $500 onboarding fees is due to the fact that we are doing more than simply tokenising documents or creating NFTs. We need to create an Assurance Matrix for the token buyer. As everything becomes more streamlined and automated, fees will also start going down and the item price we accept for tokenisation will also lower in time. The starting base fee is competitive with traditional industries in this space.
Follow Us On Our Various Social Media Communities For More Update;
All useful link about Omnia DeFi are on here: https://linktr.ee/omnia_defi
https://t.me/amaloversclub/227372
You can join our Telegram directly here https://t.me/omnia_defi_official. Also on the linktree above 😉
Website: http://omniadefi.com
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