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OMO Token

OMO token is the platform token of Coinomo and the governance token of OMO Protocol.

 

Tokenomics

 

Utility

  • OMO token holders have discounts on on-ramp fees, trading fees, and withdrawal fees of Coinomo

  • By staking OMO tokens on Coinomo, you will have better discounts for the fees, receiving extra OMO rewards and other privileges

  • OMO token holders can get votes to participate in the governance of OMO Protocol

 

Buyback

  • Coinomo and OMO Protocol will buy & burn OMO tokens using part of net profits until at least half of all OMO is burnt

 

Reward

  • You can earn OMO rewards by depositing in yield products through Coinomo

  • You can also earn OMO rewards by joining the liquidity mining program of OMO Protocol, or by trading on any OMO product

Token Distribution

  • Total Supply: 1,000,000,000 (1B)

  • Tokens will be distributed to:

    • Community Purposes including but not limited to rewards, insurance, treasury

    • Team / Angels / Advisors / Investors

  • Tokens issued to Team, Advisors and Investors will be vested over 4 years, with 2 year initial cliff, and after daily + linearly between 2nd and 4th year

 

Stay Tuned!

 

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