01 Project Overview
After all, meme coins are the most worthy type of assets in this cycle. Today's investment research project is OmniCat ($OMNI), which is the first full-chain meme supported by LayerZero. Full-chain means that this meme coin has liquidity on multiple chains. Currently, $OMNI can be traded on 8 chains including Ethereum, Arbitrum, and Solana.
Website: https://www.omnicat.xyz/
Twitter: https://x.com/OmniCatCoin
CoinMarketCap: https://coinmarketcap.com/currencies/omnicat/
02 Project Advantages
$OMNI was launched at the end of December last year, and subsequently skyrocketed 50 times, attracting widespread attention from the market and the media.
2.1 LayerZero Airdrop Effect
As LayerZero's airdrop and anti-witch activities became a hot topic in June, LayerZero established a foundation on June 15, released its first tweet and announced "06.20.2024" in the accompanying picture, which means that it is very likely to issue coins on June 20. As the top meme coin in its ecosystem, OmniCat's sentiment performance will definitely not be bad.
Referring to the price performance of $GRAIL and $RDNT before ARB TGE, $OMNI has great bullish potential. Since its launch in December last year, it has always had good liquidity, and its performance is similar to the early performance of Solana ecosystem meme coin $BONK.
2.2 Multi-chain advantages
Currently, OmniCat is deployed on eight chains, including Ethereum, Arbitrum, BSC, Base, Solana, Polygon, Blast, and Canto, to attract liquidity funds from these chains. According to the official statement, token holders can get incentives across multiple chains, such as from Blast and Blast Jackpot.
The technical support behind OmniCat is LayerZero, the top technology in the entire chain track. $OMNI has an incomparable advantage in innovation.
In early June, LayerZero announced that each application built on LayerZero can be configured with a security stack consisting of multiple required and optional decentralized verification networks (DVNs) to check the payloadHash issued for message integrity and specify the optional threshold under which the message random number can be confirmed as verified. In other words, DVN is the entity responsible for verifying that applications using LayerZero send messages across chains.
On June 11, OmniCat officials announced that OmniCat DVN has been added to LayerZero's DVN documentation, allowing anyone to set up and configure their application's security stack to include it. This has the following benefits for OmniCat:
Improved security: By becoming part of LayerZero’s decentralized verification network, OmniCat is able to leverage LayerZero’s security architecture to verify the integrity of cross-chain messages, enhancing the security of its own network.
Increased Trust: As a member of LayerZero DVN, OmniCat has gained recognition from the LayerZero ecosystem, which helps increase the trust of the community and investors in OmniCat.
Expand influence: After integrating with LayerZero, OmniCat can reach a wider user and developer community, enhancing its visibility and influence in the blockchain field. Developers can also more easily integrate OmniCat into their applications and use OmniCat's DVN to enhance the cross-chain capabilities of their applications, which will help attract more developers to participate in the OmniCat ecosystem.
Enhanced liquidity: As more applications integrate OmniCat’s DVN, OmniCat’s liquidity on multiple blockchains will further increase, helping to improve its market performance and investment value.
03 Token Analysis
$OMNI has been launched on CEXs such as Bybit, Bitget, MEXC, and BingX. The total amount of tokens is 45.82B. The current market value is 15 million US dollars, and FDV is only 16 million US dollars. Now is a good time to enter.
As of the time of writing, its market capitalization ranks 1179. Referring to the top meme coins on Ton, $OMNI still has room to improve by 300 places. On Bybit, it is currently the meme coin with the lowest market capitalization.
04 Project Ecosystem
On OmniCat’s official website, you can see that its next plans include developing the DeFi ecosystem, launching wallets, games, and other plans.
On June 13, OmniCat launched the Omnicat NFT minting activity, with a cost of 500,000 $OMNI each time, and it can be destroyed at any time to redeem 500,000 $OMNI, completely risk-free. Currently, the full-chain NFT is first minted on Blast, so that early trading activities can be concentrated on Blur in the future.
Blast will release an airdrop on June 26, and Omnicat NFT minters are eligible to participate in the Blast Jackpot, which aims to distribute "Gold Points" (Blast Gold) rewards to users on Blast who hold tokens or NFTs other than ETH and USDB.
https://x.com/OmniCatCoin/status/1800986991422513259
After half a year of community operation, OmniCat's cat image has become recognizable to a certain extent. Combining meme coins with game mechanisms will allow for many gameplay designs and increase token consumption scenarios.
For the full-chain meme coin, developing a DeFi system will also be beneficial to the long-term operation of the project. OmniCat has maintained a good cooperative relationship with LayerZero ecological projects including Stargate and clusters/. In the future, if OmniCat launches a DeFi layer, combined with its multi-chain characteristics, it will have strong liquidity and no concerns about fragmentation.
Combined with its wallet plan, OmniCat will build an organic ecosystem integrating games, NFTs, and transactions with $OMNI as the center in the future.
05 Project Summary
As the first full-chain meme coin supported by LayerZero, OmniCat ($OMNI) has demonstrated excellent liquidity and market performance on multiple chains. Since its launch in December last year, the growth trajectory of $OMNI has been obvious to all, especially during the LayerZero TGE, when market sentiment is high, $OMNI will have more certain opportunities.
Currently, $OMNI's market value and liquidity indicate that it is a potential investment target. Through the layout of DeFi ecology, the launch of wallets and games and other plans, OmniCat's future development prospects are also very broad.
As the number one meme in the LayerZero ecosystem, $OMNI is undoubtedly expected to become a new round of meme star, just like $BONK to the Solana ecosystem.
