Tokenomics
100 million OMEGA, fixed for ever. 55% goes to the community and the treasury, 25% to the team, and there are no outside investors.
#The token
| Name | OMEGA |
| Supply | 100,000,000, fixed: no more can ever be made |
| Network | Cardano |
| Policy ID | 64d5c3cf6e0cb20f1c655196eb096d87851fc85a0ae6442a60437281 |
OMEGA is already minted on Cardano mainnet. Its minting policy is closed, so the supply can never grow.
#Allocation
| Allocation | Share | OMEGA | Release |
|---|---|---|---|
| Rewards programme | 35% | 35,000,000 | Over 10 years, each year's budget 20% smaller than the last |
| Team | 25% | 25,000,000 | Locked for 12 months, then 1/36 a month over 3 years; staked throughout |
| Treasury | 20% | 20,000,000 | As needed, at most a third in any year, every move public |
| Launch Bowl (Minswap) | 15% | 15,000,000 | At launch, paired with the whole raise in the OMEGA/ADA pool |
| Testers and early users | 5% | 5,000,000 | Half at mainnet launch, half 6 months later |
#The principles
- No outside investors. Nobody bought OMEGA early at a discount: insiders hold the team's 25% and nothing more.
- The team earns by staking, like everyone. Its income is its share of revenue as a staker, so its interest lies in OMEGA growing, not in selling.
- A small float at launch. Only the Launch Bowl tokens and half the testers' share, about 17.5% of supply, can trade on day one.
- Everything on-chain. Team vesting, the rewards programme, treasury moves and the launch pool can all be checked by anyone.
#Each allocation
Rewards programme (35%). Paid to stability pool depositors, OMEGA stakers and liquidity providers, from a budget that falls 20% a year. See Rewards programme.
Team (25%). Held in a vesting contract that stakes it from day one, on the same terms as every other stake. None of it can be sold for 12 months; it then unlocks at 1/36 a month and is fully free after 4 years. Team stakes earn rewards-programme OMEGA on the same terms as everyone's, and the rewards page will show the team's staked share live.
Treasury (20%). Held by the governance multisig. It pays the running costs OMEGA's revenue never does (audits, the price feed, legal advice and servers), plus marketing, community and exchange listings. At most a third can be spent in any year.
Launch Bowl (15%). Offered on Minswap at mainnet launch, after the audits. The whole raise is paired with these tokens to open the OMEGA/ADA pool; the protocol keeps none of it.
Testers and early users (5%). For testnet bug hunters, early depositors and community helpers.
The Launch Bowl's raise and opening price are set with Minswap before launch, and published here when they are.