Ommniverse is a marketplace for NFTs that utilizes the concept of fractional ownership of art. Our primary focus is to protect the rewards for the work of curators and also ensure the security of our customers' investments. Ommniverse offers a unique experience where both curators and buyers can feel secure in their transactions. With fractionalized NFTs, small investors have the opportunity to purchase and sell partial ownership of NFTs, rather than having to purchase the entire NFT.
OMMI tokens could be used to vote on proposals related to the direction and development of the marketplace. This could include platform fees, protocol, and other governance-related decisions.
The NFT staking program that locks NFTs and OMMI tokens provides additional benefits to NFT holders, such as higher APY and other rewards.
Users can pay the fee for various services, such as listing or selling NFTs in the form of OMMI tokens and receive discounts.
Holders of OMMI tokens get exclusive access to airdrops, new listings, and events.
Ommniverse rewards its users in the form of OMMI tokens through various contests, events and various activities that contribute to the growth and success of the marketplace. This could include participating in community discussions, referring new users, or holding onto NFTs for extended periods.
All exchanges within the ecosystem are powered by OMMI tokens. This means that the token has a crucial role in enabling the exchange of NFTs and other assets within the platform. Holding the OMMI token will prove to be beneficial for users in the long run.
Token governance in a decentralized autonomous organization (DAO) aims to empower token holders to maintain control over their tokens by identifying and addressing ownership issues, implementing solutions such as adjusting compensation for curators, and allowing token holders to vote on proposals for future product development. This democratic process ensures that the DAO's direction aligns with the collective will of its members, enabling transparent and accountable decision-making for the organization.
The Ommniverse Ecosystem has the potential to revolutionize the NFT industry, and we are dedicated to showcasing a range of innovative projects that address global issues. Our goal is to create our own NFT metaverse by 2023 Q3, featuring a range of applications such as Metaverse Gaming and Curators Corner, all centered around the concept of tokenizing OMMI.
We place the utmost importance on the security of our platform and smart contracts. That's why we chose to have a full audit done by CertiK. The global leader in security audits, having secured top crypto exchanges Binance, OKEx, and Huobi, CertiK has extensively tested our platform for safety and security.
The token burning mechanism for NFT sales involves burning 50% of the revenue generated from the sale. The maximum burn limit is 3 million tokens(50% of the token supply). Additionally, there is an occasional burning mechanism for the platform fee collected.
The OMMI token itself will be a community token with utilities created to benefit members and those who seek to access the art investment world.
Tokens will be released linearly over the course of 20 months, with 5% of the total tokens being released each month after the initial 12 month period.
The fundamental aim of token governance is to establish protections that allow fractional owners to retain control over their tokens. To achieve this, it is necessary to identify potential issues in ownership models, analyze various conflicting factors, and address them through settings, variable caps, and governance changes. This may include reducing a curator's pay, setting a time limit for an auction, or, in extreme cases, removing a curator from their role. By doing so, we can ensure the smooth and fair operation of the system.