The Omni Network (Omni) is a Layer 1 blockchain designed to integrate Ethereums rollup ecosystem into a unified system. With Omni, developers can build native global applications that have access to all of Ethereum’s liquidity and users by default.

OMNI is the native token of the Omni Network and serves several roles within the protocol:

Universal Gas Resource: OMNI serves as the payment mechanism to compensate relayers for submitting transactions to target rollups.

Gas for the Omni EVM: OMNI is the native currency used to process transactions on the Omni EVM.

Network Governance: OMNI stakeholders will be responsible for various governance decisions, such as protocol upgrades and other developer functionalities.

Staking: The Omni protocol implements a dual-staking model to ensure economic security. Security is a function of staked OMNI and re-staked ETH total value.

The protocol consists of the following main components:

External Rollups: The source and target networks for cross-rollup messages.

Omni Validator Nodes: A permissionless network of nodes using CometBFT consensus to validate cross-rollup messages and transactions on the Omni EVM. These nodes are secured by the total value of staked OMNI and re-staked ETH.

Omni Blockchain: The single source of truth for all cross-rollup messages and Omni EVM transactions processed by Omni validators.

Relayers: Permissionless entities that submit finalized cross-rollup messages from the Omni network to target rollup networks.

The project has raised $18.1MM through two rounds of private token sales, where 9.1% of the total OMNI token supply was sold at $0.18 per OMNI (seed round), and an additional 11% of the total OMNI token supply was sold at $0.18 per OMNI (seed round). Another 1.50% of the total OMNI token supply sold in the private rounds was sold at $1.50 per OMNI (Series A round), making up 20.1% of the total OMNI token supply sold in the private rounds.