{"id":2475,"date":"2021-11-09T18:39:00","date_gmt":"2021-11-09T18:39:00","guid":{"rendered":"https:\/\/odwstage.com\/omniatech\/?p=2475"},"modified":"2023-05-21T21:52:40","modified_gmt":"2023-05-21T21:52:40","slug":"omnia-protocol-token-utility","status":"publish","type":"post","link":"https:\/\/omniatech.io\/pages\/omnia-protocol-token-utility\/","title":{"rendered":"OMNIA Protocol \u2014 Token utility"},"content":{"rendered":"<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\"><\/span> <span class=\"rt-time\">2<\/span> <span class=\"rt-label rt-postfix\">min read<\/span><\/span>\n<p id=\"83f8\"><strong>OMNIA<\/strong>&nbsp;token is a deflationary utility token that is designed to run OMNIA protocol.<\/p>\n\n\n\n<p id=\"017d\">There are multiple use cases for the OMNIA token that fuels its utility on both community and product verticals:<\/p>\n\n\n\n<p id=\"93c1\">\ud83d\udc49 Staking to join the network \u2014 Node providers and privacy relayers will stake OMNIA tokens in order to join the network. They commit to some specific performance metrics and their reward is decreased if conditions are not consistently met. In extreme conditions where they have malicious behavior against the network\u2019s benefit, they get slashed and loose the staked tokens.<\/p>\n\n\n\n<p id=\"3081\">\ud83d\udc49 Tier-based fee reduction for token holders:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>125,000 tokens will equate to a 10% fee reduction<\/li>\n\n\n\n<li>650,000 tokens \u2014 15% reduction<\/li>\n\n\n\n<li>3,200,000 tokens \u2014 25% fee reduction<\/li>\n<\/ul>\n\n\n\n<p id=\"2d17\"><em>(above token amounts are subject to change due to its increasing value)<\/em><\/p>\n\n\n\n<p id=\"8c6b\">\ud83d\udc49 Rewards \u2014 A \u2153 of the subscription fees is distributed to both nodes &amp; privacy relayers as rewards.<\/p>\n\n\n\n<p id=\"114e\">\ud83d\udc49 Obtaining subscriptions for access \u2014 subscriptions are obtained using OMNIA tokens.<\/p>\n\n\n\n<p id=\"d1d6\">\ud83d\udc49 Deflationary burn \u2014 A \u2153 of the subscription fees is burned.<\/p>\n\n\n\n<p id=\"e62c\">\ud83d\udc49 DEX liquidity and farm pools \u2014 Contributing the tokens to the DEX liquidity pools will ensure that&nbsp;<strong>OMNIA<\/strong>&nbsp;tokens can be traded when needed. Therefore, we want to reward users who help solve the liquidity problem on the decentralized liquidity provider platforms. With respect to this, we will put&nbsp;<em>half<\/em>&nbsp;of our liquidity mining rewards to farm pools.<\/p>\n\n\n\n<p id=\"c182\">\ud83d\udc49 Holders loyalty \u2014 There are, however, some features that will be limited only to those holding OMNIA tokens. For example, token holders may be able to generate and use much more endpoints, or their request rate will be higher. Beta testing will be available only to token holders.<\/p>\n\n\n\n<p id=\"c78f\">As the ecosystem grows, along with all the aligned incentives, the total value locked in tokens will also increase. A deflationary token approach brings benefits to all the ecosystem actors without having them to dump tokens on the market, thus promoting a long term strategy for exponential gains.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\"><\/span> <span class=\"rt-time\">2<\/span> <span class=\"rt-label rt-postfix\">min read<\/span><\/span> OMNIA&nbsp;token is a deflationary utility token that is designed to run OMNIA protocol. There are multiple use cases for the OMNIA token that fuels its utility on both community and product verticals: \ud83d\udc49 Staking to join the network \u2014 Node providers and privacy relayers will stake OMNIA tokens in order to join the network. They [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":2476,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[799,798],"tags":[760,758,761,741,762,592,54,759],"class_list":["post-2475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-community","category-defi-tokenomics","tag-deflationary-burn","tag-deflationary-utility-token","tag-dex-liquidity","tag-fee-reduction","tag-holders-loyalty","tag-rewards","tag-staking","tag-subscriptions"],"acf":[],"wbAuthor":{"name":"Alex Lupascu","link":"https:\/\/omniatech.io\/pages\/author\/alexlupascu\/"},"wbDate":"Nov 9, 2021","wbCategories":{"space":"<a href=\"https:\/\/omniatech.io\/pages\/category\/community\/\" rel=\"category tag\">Community<\/a> <a href=\"https:\/\/omniatech.io\/pages\/category\/defi-tokenomics\/\" rel=\"category tag\">DeFi &amp; Tokenomics<\/a>","coma":"<a href=\"https:\/\/omniatech.io\/pages\/category\/community\/\" rel=\"category tag\">Community<\/a>, <a href=\"https:\/\/omniatech.io\/pages\/category\/defi-tokenomics\/\" rel=\"category tag\">DeFi &amp; Tokenomics<\/a>"},"wbComment":0,"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OMNIA Protocol \u2014 Token utility - OMNIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/omniatech.io\/pages\/omnia-protocol-token-utility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OMNIA Protocol \u2014 Token utility - OMNIA\" \/>\n<meta property=\"og:description\" content=\"2 min read OMNIA&nbsp;token is a deflationary utility token that is designed to run OMNIA protocol. There are multiple use cases for the OMNIA token that fuels its utility on both community and product verticals: \ud83d\udc49 Staking to join the network \u2014 Node providers and privacy relayers will stake OMNIA tokens in order to join the network. They [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/omniatech.io\/pages\/omnia-protocol-token-utility\/\" \/>\n<meta property=\"og:site_name\" content=\"OMNIA\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-09T18:39:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-21T21:52:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/omniatech.io\/pages\/wp-content\/uploads\/2023\/05\/1_JkjWfjbn3S65e8pSMZx-MQ.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"386\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Alex Lupascu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alex Lupascu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/omniatech.io\/pages\/omnia-protocol-token-utility\/\",\"url\":\"https:\/\/omniatech.io\/pages\/omnia-protocol-token-utility\/\",\"name\":\"OMNIA Protocol \u2014 Token utility - OMNIA\",\"isPartOf\":{\"@id\":\"https:\/\/omniatech.io\/pages\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/omniatech.io\/pages\/omnia-protocol-token-utility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/omniatech.io\/pages\/omnia-protocol-token-utility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/omniatech.io\/pages\/wp-content\/uploads\/2023\/05\/1_JkjWfjbn3S65e8pSMZx-MQ.webp\",\"datePublished\":\"2021-11-09T18:39:00+00:00\",\"dateModified\":\"2023-05-21T21:52:40+00:00\",\"author\":{\"@id\":\"https:\/\/omniatech.io\/pages\/#\/schema\/person\/902af0aeb9024ae8230d12052adcb822\"},\"breadcrumb\":{\"@id\":\"https:\/\/omniatech.io\/pages\/omnia-protocol-token-utility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/omniatech.io\/pages\/omnia-protocol-token-utility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/omniatech.io\/pages\/omnia-protocol-token-utility\/#primaryimage\",\"url\":\"https:\/\/omniatech.io\/pages\/wp-content\/uploads\/2023\/05\/1_JkjWfjbn3S65e8pSMZx-MQ.webp\",\"contentUrl\":\"https:\/\/omniatech.io\/pages\/wp-content\/uploads\/2023\/05\/1_JkjWfjbn3S65e8pSMZx-MQ.webp\",\"width\":720,\"height\":386},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/omniatech.io\/pages\/omnia-protocol-token-utility\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Blog\",\"item\":\"https:\/\/omniatech.io\/pages\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"OMNIA Protocol \u2014 Token utility\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/omniatech.io\/pages\/#website\",\"url\":\"https:\/\/omniatech.io\/pages\/\",\"name\":\"OMNIA\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/omniatech.io\/pages\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/omniatech.io\/pages\/#\/schema\/person\/902af0aeb9024ae8230d12052adcb822\",\"name\":\"Alex Lupascu\",\"url\":\"https:\/\/omniatech.io\/pages\/author\/alexlupascu\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"OMNIA Protocol \u2014 Token utility - OMNIA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/omniatech.io\/pages\/omnia-protocol-token-utility\/","og_locale":"en_US","og_type":"article","og_title":"OMNIA Protocol \u2014 Token utility - OMNIA","og_description":"2 min read OMNIA&nbsp;token is a deflationary utility token that is designed to run OMNIA protocol. There are multiple use cases for the OMNIA token that fuels its utility on both community and product verticals: \ud83d\udc49 Staking to join the network \u2014 Node providers and privacy relayers will stake OMNIA tokens in order to join the network. 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There are multiple use cases for the OMNIA token that fuels its utility on both community and product verticals: \ud83d\udc49 Staking to join the network \u2014 Node providers and privacy relayers will stake OMNIA tokens in order to join&hellip;","mfb_rest_fields":["wbAuthor","wbDate","wbCategories","wbComment","yoast_head","yoast_head_json","uagb_featured_image_src","uagb_author_info","uagb_comment_info","uagb_excerpt"],"_links":{"self":[{"href":"https:\/\/omniatech.io\/pages\/wp-json\/wp\/v2\/posts\/2475"}],"collection":[{"href":"https:\/\/omniatech.io\/pages\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omniatech.io\/pages\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omniatech.io\/pages\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/omniatech.io\/pages\/wp-json\/wp\/v2\/comments?post=2475"}],"version-history":[{"count":1,"href":"https:\/\/omniatech.io\/pages\/wp-json\/wp\/v2\/posts\/2475\/revisions"}],"predecessor-version":[{"id":2477,"href":"https:\/\/omniatech.io\/pages\/wp-json\/wp\/v2\/posts\/2475\/revisions\/2477"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omniatech.io\/pages\/wp-json\/wp\/v2\/media\/2476"}],"wp:attachment":[{"href":"https:\/\/omniatech.io\/pages\/wp-json\/wp\/v2\/media?parent=2475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omniatech.io\/pages\/wp-json\/wp\/v2\/categories?post=2475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omniatech.io\/pages\/wp-json\/wp\/v2\/tags?post=2475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}