$OMNIX

The token powering Omni X Ecosystem

$OMNIX is a utility token designed to empower, grow and incentivize activity within the Omni X Ecosystem. Omni X Foundation is responsible for the distribution, allocation, incentives and governance of $OMNIX.

Launched on October 7, 2024, $OMNIX is currently available fortrading exclusively on Hyperliquid L1. With the upcoming launch of Hyperliquid EVM, the Foundation plans to deploy an ERC-20 counterparty with OFT support via LayerZero, facilitating $OMNIX’s presence on Ethereum, Arbitrum, Base, and other networks, however there is no guarantee that sufficient liquidity will exist anywhere but on Hyperliquid L1.

Contract Address and Additional Information: https://app.hyperliquid.xyz/explorer/token/0x216a1428334ac9e908e76a02a1812416 Maximum Supply: 1B Current Burn: 1%

Initial Omni X Distribution on Hyperliquid L1 on October 7th 2024th

The 33% Airdrop allocation has been distributed to the following communities:

$PURR holders -- 7% Omni Element holders -- 6% Pudgy Penguin holders -- 3.5% Greg ONFT holders -- 3% $HFUN holders -- 2.5% Milady holders -- 2% Remilio holders -- 1.5% Bit Bear holders -- 1.5% Schizoposter holders -- 1% Top 100 $MOG holders (excluding CEXes and smart contracts) -- 1% Top 15+ Omni X Testnet Beta participants -- 0.5% Selected RFP submissions and bug reports -- 0.5% Future airdrops for Hyperliquid community (not distributed yet) - 2% Fjord Foundry Stakers (not distributed yet) -- 1%

At launch $OMNIX achieved nearly a 60% MC to FDV ratio, with a linear vesting schedule over 4 years for most locked tokens

The Foundation generally envisions the following roadmap as essential for achieving its mission:

1) Utility 2) Decentralization 3) Revenue Redistribution

Each phase reinforces the value of $OMNIX. Utility is realized through practical use cases within the protocol, namely paying in $OMNIX for fees and re-staking $OMNIX in the CryptoEconomic Omni X DVN. Ensuring that the token is functional within the ecosystem is paramount for fostering organic growth and positivity.

The second phase marks the inception of the Omni X DAO and the initiation of onchain governance. While we are not yet outlining strict guidelines for DAO implementation, we acknowledge common challenges associated with DAOs — such as low voter participation, lack of leadership, potential for manipulation of onchain voting resolution, and hostile takeovers. We are committed to designing the Omni X DAO to be community-driven while maintaining the core team's momentum in advancing the protocol. We particularly admire DAO frameworks from OP Stack L2s and will share more information as the DAO genesis date approaches.

The final phase represents full decentralization and will only be initiated once a mature DAO is established. All revenue from the protocol will be redirected to $OMNIX stakers within the $OMNIX CryptoEconomic DVN. Revenue streams — including fees from the protocol and a large share of the protocol's RFPs — will be consolidated into a single revenue redistribution vault. Driving the capital back to the staked tokens that are securing the cross-chain engine of the protocol reinforces the entire ecosystem and creates a positive feedback loop that ensures Omni X DAO sustainability in the long run.

Disclaimer: Omni X Foundation is a private entity and reserves the right to modify any materials at any time for any reason.