Omni Foundation buys back 33.7% of investor tokens for $18.1 million, optimizing community-led distribution model

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MarsBit
05-15
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According to official sources, the Omni Foundation has announced the completion of a token buyback plan to promote a more community-oriented token economic model. This buyback involves repurchasing 33.7% of tokens from early investors, representing 6.77% of the total supply, reducing investor holdings from 20.06% to 13.29%. The repurchased tokens will be transferred to the "community growth" category, lowering the total holdings of investors, advisors, and core contributors from 48.56% to 41.79%. The buyback was executed at a discount to the current market price and fully complies with existing lock-up agreements. The funds were sourced from the foundation's seed and Series A funding of $18.1 million. The foundation emphasizes that this move aims to balance existing term commitments and build a community-led token distribution model without disrupting existing agreements. Omni Foundation states that by adjusting the token ownership structure, more equity will be transferred to the user community and long-term supporters. This strategy partially references the "community-first" allocation model of projects like Hyperliquid, aiming to enhance network decentralization, governance resilience, and long-term ecosystem sustainability. The buyback is viewed as a typical case of optimizing token economic structure by aligning early investor and community interests through capital means.

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