ICO_Omega One

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 Omega One

Ethereum  | 미국

"암호 자산 거래 플랫폼"

기간: 2018/08/01 00:00 ~ 2018/09/01 00:00

ICO Bench

1.9

Token

OMT

Platform

Ethereum

Whitelist/KYC

KYC

Restricted areas

Canada, China, Korea

컨셉

Omega One은 신뢰와 보안을 창출하는 중앙 집중식 권한 없이, 순수한 디지털 공간에서 희소성을 만드는 문제를 해결해 보다 투명하고, 효율적이고, 안전한 방법으로 디지털 자산을 거래 할 수 있는 금융 시스템을 만든다. Omega One은 이더리움 토큰을 기반으로 구축된 암호 경제 모델을 사용하여 OMT의 높은 균형으로 인해 회원이 우선 유동성 처리 및 할인 거래에 접근 할 수 있게 해주는 서비스를 제공한다. 본 플랫폼이 강조하는 유동성 시스템은, 여러 거래소의 유동성을 통합하고, 거래 실행 논리로 유동성을 더욱 향상 시킨다. 저비용 스마트 실행 및 주문 라우팅이 유동성 비용을 줄인다.

용도

거래 수수료 지불, 플랫폼 회원 가입을 위한 최소 보유 토큰, 토큰 할인 거래

수익모델

플랫폼 내 거래 수수료

기본정보

토큰가격

1 OMT = 4.65 USD

참여화폐

ETH

모집량

$ 125,400,000

총 발행량

-

KYC여부

KYC진행

토큰지급

거래완료이후

교환/거래

토큰지급이후

개인 캡

-

팀 및 협력사 정보 더보기: ICOkr

Crypto Briefing 분석

Update: We stated in the initial verdict of our Omega One ICO review that it was too early to make a final call and promised to come back as more information became available. As of March 23, 2018, we have revised our rating and adjusted it accordingly. In light of both the token metrics and lack of communication/community building efforts on the part of the team, our final verdict is a pass. 

Project Overview

The Omega One ICO is funding a mission to enter the cryptocurrency trading space. The team points to the myriad of issues associated with crypto exchanges – low liquidity, high trading costs, lack of transparency, hacking – as barriers on the road to crypto’s growth as an asset. Omega One correctly contends these factors lead to high volatility, barring entry of large volume traders to crypto and, consequently, inhibiting the maturity of the market. Exchanges with access to high liquidity are centralized and hold investor funds in collected accounts, posing a significant security risk for traders. Conversely, many investors have turned to OTC brokers, and more recently, on-chain and peer-to-peer solutions- but OTC brokers have high costs and on-chain trading greatly limits liquidity. The team refers to this issue as the “liquidity vs. security tradeoff”, and claim Omega One is the solution.

Omega One is designed to address the “liquidity vs. security tradeoff” by way of a decentralized, automated trading intelligence platform bridging exchanges and the blockchain. Omega One’s “have your cake and eat it too” approach combines the speed of off-chain trades with the security of non-custodial settlement all in one platform. Central to the platform is balance sheet intermediation, which the team claims will provide members access to higher liquidity than trading directly on the market. For large transactions, an algorithmic trading mechanism breaks up orders and allocates them across exchanges to reduce fees. The Omega One ICO will initially support ERC20 tokens, with plans to integrate others at a later stage. By solving liquidity and trust problems, Omega One aim to take the development of cryptocurrency finance to the next level.

Project Timing and Competition

There is undoubtedly a growing trend of mainstream investor attention to crypto, and Omega One is catering to that trend. On a broader scale too, the popularity of decentralized exchanges in the crypto world is on the rise. Mounting institutional interest in crypto and the rise of decentralized exchanges are strong indicators that the market is ripe for Omega One. Still, the team’s pandering to institutional investors rests on two assumptions: 1. Traders want a low volatility market where large transactions have a little impact and 2. High-volume investors will be enticed to move away from OTC brokers. Should these assumptions prove incorrect, the project will lose some competitive advantage against other decentralized exchanges and trading protocols like 0x protocol. That comparative advantage may well prove crucial for Omega One. 0x protocol purportedly offers a comparable solution to the “liquidity vs. security tradeoff”, whereby trading happens off the blockchain but transactions are settled on the blockchain with smart contracts. Both Omega One and 0x will also utilize shared liquidity pools to further address the issue of low liquidity. While the infrastructure of Omega One offers more advantages like priority execution to high-volume traders, the question remains whether such features will be enough to bring investors racing over the bridge from Wall Street to cryptospace.

Omega One ICO Progress

Considering the attention other decentralized exchanges have been garnering lately, there is a deficit in the lack out online chatter and organic community growth around Omega One outside of Telegram, which has around 600 followers. On the marketing front, the team has done little to support the project in the media. The project’s Twitter and Facebook are both quiet, with only a few thousand followers each. A more concerted effort in getting the project onto people’s radar is needed, especially considering the competition factor.

On November 13th, the team announced the Omega One ICO would be delayed until the platform is available to users in Q2 2018. They provided several reasons for this decision. Referencing the shifting regulatory environment around ICOs, the team proposed conducting the ICO only after the utility of the tokens is accessible on the trading platform itself, mitigating risk for investors. They also disclosed that support from private investors has already covered product development and launch costs, so the ICO funds will be put exclusively toward the balance sheet and membership incentives. Additionally, the team cited the immense feedback from the community on the token and ICO process as a cause to reassess the token sale parameters. While the team’s expertise in monetary policy and currency management offers some assurance, the revised price, supply, distribution and dates have yet to be announced.

Omega One ICO Token Utility

The Omega One platform operates via its own Omega Token (OMT), an ERC20 asset. The utility of OMT is similar to Binance Coin or Kucoin, but provides additional incentives for use. A minimum balance is required for membership on the platform and using OMT for transactions reduces trading fees. Further incentives to purchase the token include trade execution priority and lower liquidity costs for larger holders; functions that are designed to attract institutional investors. While there are more incentives to acquiring and using the coin compared to other exchange-based tokens, its use is limited to the platform. Omega One’s wager is that by parting from the traditional investment bank model of maximizing profits through high transaction fee levels, they will instead keep fees low while covering costs, which in turn will drive up demand for the service via the token, ensuring higher value and use.

Omega One ICO Founding Team

Omega One has promised to deliver a product that, on paper, reads like a blueprint for the perfect trading platform. Delivering this product requires a stellar set of individuals with a track record of accomplishments that lend credibility to the project. Many of the team’s key players can be traced back to Bridgewater Associates, one of the largest hedge funds in the world. Chief tech officer, Alex Gordan-Brander, is credited with designing and patenting a multi-billion dollar traditional currency-trading platform that breaks up large orders and distributes them across exchanges- the same mechanism Omega One will employ. Chief Strategy Officer, Mark David Bakacs is a serial entrepreneur and founder of Ideapod, while Chief Trading Officer, Jonathan West, manages one of the largest private crypto funds in the world. A noticeable caveat is the relative inexperience of project’s CEO, Alan Keegan, with only two years in the financial sector to fall back on. That being said, any doubts about his capabilities must be weighed against the breadth of expertise the team as a whole brings to the table.

Omega One is partnered with ConsenSys, a leading blockchain technology company. The partnership gives the team access to leading tech and expertise experience. The company appears to be playing an active role in recruiting talent for the Omega One project.

Beyond the development team, the project has a notable backer and primary investor- John Mack, former CEO of Morgan Stanley. A high-caliber Wall Street insider could go a long way toward more institutional confidence in crypto. Mack has been useful for attracting attention to the project, serving as a symbolic intermediary between the financial establishment and the cryptocurrency frontier.

The Verdict for Omega One ICO

With roots in both Wall Street and blockchain technology, support from Morgan Stanley’s former CEO and a working partnership with ConsenSys, we couldn’t ask for a better team to deliver the innovative trading platform that they’ve promised.

Still, the marketing efforts from the team leave a lot to be desired. With little communication outside Telegram or any significant community development amongst investors, the dearth of activity is one of the project’s major weak points.

The competition posed by other decentralized exchanges that offer similar features is fierce. If the platform doesn’t catch on with institutional investors, it will lose a significant edge over other contenders.

Despite the apparent weaknesses, the Omega One ICO holds promise. With the ICO postponed until Q2 2018, the team still has a chance to build hype and grow the community.

As the ICO is still at an early stage, we are still waiting on more information before making a decision on whether or not we plan to contribute to the Omega One ICO. We will update this report as well as our final verdict once this information becomes available.

For now, keep an eye on this one!

Learn more about the Omega One ICO from our Telegram Community by clicking here.