THE OMC INVESTMENT PLATFORM
What is Omicron?
Omicron (OMC) is a digital currency that serves as a virtual duo-interest-generating asset. For the initial interest-generating feature, coins are minted through a hard-coded blockchain functionality known as Proof-of-Stake. This enables coins to generate a set interest per year, compounding daily. In the case of Omicron, the annual inflation rate is set at 5%.
For the second interest-generating feature, revenue in the form of Bitcoin is distributed to wallets holding a minimum of 10,000 OMC, on a biweekly basis. The revenue percentage is variable, and is generated through various altcoin trading processes as well as loan interest. Investors will be required to submit their BTC address associated with their OMC address, which can be done at any time through this website or Bitcointalk, and soon through the wallet itself. The Investment Fund will be funded through an IAO where the entirety of the OMC supply will be distributed.
How it will work
The Investment Cycle
IAO funds are invested into loan features as well as altcoin trading. Loan features allow a stable interest to be generated which can guarantee a biweekly payout to all OMC holders. Altcoin trading is much higher risk, but the yields are vastly increased. Primarily, investments will be made into new coin launches as many have statistically proven to yield returns greater than mining costs upon exchange listing. Main altcoin trading will be done on high volume/liquidity exchanges, such as Poloniex. Margin trading will be engaged when necessary. Every 2 weeks, a report will be generated for the community to prove that revenue is generated from real sources and show solvency. 1 Omicron is equal to 0.00001% of the revenue payout. Payouts will be sent to registered addresses with a 10,000 OMC minimum, on a biweekly basis. Any remaining funds from unregistered OMC addresses will be reinvested into the IAO fund, and a portion is paid to the fund manager as an incentive.
The Initial Asset Offering
How will the OMC Investment Platform work? An Initial Coin Offering will be set in motion for 2 weeks, starting September 3rd. The hardcap maximum of the IAO will be set at 1500 BTC. Throughout the 10,000,000 supply of OMC, 700,000 coins (7%) will be set aside for a swap-in of DeltaCredits (DCR) and BitTokens (BXT). Accordingly 1% will be used for DCR and 6% for BXT.
The price of 1 OMC will be set at 0.00012000 BTC per coin, with a tiered discount system throughout the 2-week IAO period. All unsold coins will be locked away in a fund which will not receive dividends until sold off-market to accommodate future private investors, details of this will be public if it occurs. BTC raised from private investors will be added to the IAO BTC pool.
Find out more here.