Hi everyone, this is Tim the host for today's KuKun Fireside Chat and we have Andrew with us here today our guest the COO of Omega Network. We're very happy to have him on to share more about Omega with you guys
and again, I really appreciate everyone, especially those who come back time and time after again. Glad to see you guys back. And you want to start off with a high level intro to yourself as well as an intro to Omega Network.
Sure thing, Tim. Thank you for having me here today.
Of course. Well, my name is Andrew Norton. I'm the CEO of Omega Network. I've been active into the blockchain technology for like, say, last five years.
And I've been to the beans that I'm fascinated about the whole thing. And that's why I love the OMEANET project so much. And it's right up my alley. So yeah,
Omega Network is an innovative networking layer one blockchain and we're not just making fancy algorithms and codes here. We want to make blockchain a part of everybody's daily life.
and we aim to popularize the blockchain and bring blockchain out of the tech labs but into the ministry. To make it as common as your daily travel like the
the morning cups of coffee, afternoon delight, with a cup of tea just like that. And we're pioneering the revolutionary platform where social interactions and and and monitoring transactions
and just imagine a world where you can chat with friends, share updates and make purchases and even transfer funds. So they're all in
a one secure efficient and user friendly environment. You know, that's the power of Omega Network. At the heart of our project, there are three anagro components.
The omega chain, a decentralized identity system, we call that DID system, any universal payment system. So each of these pillars, these
serves to make our vision a reality, providing users with the ability to engage and interact and to transact at the wish. But you know, it's not all tact and
transactions and we're actually building our platform with the strong emphasis on user experiences. We want our users to view at home on the OMEGA network and to find a, you know, enjoy body use.
So we have taken great care to create an echo system that is a truly user centric and decentralized of course. So everyone, I see everybody who's in here, they got great interest on Omega Network.
work, the World Cup aboard. You were no part of an innovative ecosystem and that's the forefront, I would say, of the blockchain revolution and a wealth thrilled to have you with us and we cannot wait to see what we'll achieve together in future.
>> Tim. >> Awesome. That's a very informative and thanks for that intro. >> I've noticed that. You guys, the Omega Network has approximately 2.8 million users at the moment.
us a little bit about that progression, how you manage to reach such a large and important milestone and what kind of strategies to you guys sort of employed to encourage more people to use Omega Network. Sure, sure, sure, three in 10 for for this.
It's a good question. Thank you for putting it up and to be honest we don't want to be so cocky, but you know it's just a grow rapidly and naturally Omega Networks, you know has been smashing the user growth game and
and we are now probably home to 0.8 million users. So a lot of people have been asking how do we do it? So well, the super saws at the inherently social nature of the platform.
It's like a digital version of word-to-mouth where users bring their friends and their family members into the Omega family, creating the vibrant and a connected communities. It started
I'll say he started out quite simple, actually. The more people you brought on the board and the faster you will mind, and your total rate was determined by the base rate, multiplied by the bolster syndrome words.
Pretty much more friends equal more speed. So everyone gets a piece of a pie here in this game and the benefits are shared across all over users which really helps in driving users engagement and activity.
activity. So it's like a positive feedback loop, the more people benefit and the more the engage, the more the engage, the more the benefit. So
community has been, I would say, they're amazing. They've created a wave of grassroots and you know, promotion with Twitter, Post and you know, Merri Post and you know, YouTube videos etc.
They are over like 200 videos right now being created by the community I would say since Los Moms alone so you know, that's the kind of a passion and commitment and that's you know driving us forward and
over the time. So we have put users all over the globe and you know, we got users from all over the globe and we're planning to bring even more into the fold by growing the Omega Unchinex system.
The bigger we get, the more engaged and achieve our community becomes. So it's just simple with that. And another kind of exciting use we've been sharing this about for, you know, the past few years.
Today, he says, "Our governance and utility token on that man is already listed on five exchanges. It's like a huge forever disability and I will believe it's going to make it super easy
for people to learn about Omega Network and start using the OMN. We really see this as a massive leap forward in hover group journey. And we're also pond about the endless possibilities that will bring to us.
That answer your question to yeah, yeah for sure You know given this this bear market though, and obviously there's a lot of sort of macro factors Going against you know crypto in general How are you guys sort of pivoting that strategy?
or if not, what are you guys doing that's different to in this macro environment at the moment? Wow, great question. There are a lot of players in the industry, and especially in the bear market. Everybody's preparing for this, right?
So when we look around the industry, we see that most of the projects focus on becoming financial institutions or tools. But here at the Omega, we take a different approach. So for honest, it's all
about the users first and we have created a platform that hosts an area of echo systems to ease wipe 2.0 users into the religne of bludging. So we have already brought a
stagging 2.8 million users into the 3.0 world and that's not easy and took a lot of trial and error to get there a lot of our users were completely new to the crepto scene where they just
joined Omega Network, that's kind of meaningful to us. Many of them just started blank and the full of all the journey was Omega Network and they started learning the kind of full page of the whole blockchain. This is actually something and we have got this
you know unique recommendation algorithm. Users get to invite their bodies and families or anyone else they know to join the social circle on omiga. Busting your OAMN token mining you know throughout all this
journey, they have exposed to all sorts of exciting concepts like a big corn half in logic or what tokens are, how to use a blockchain wallet, etc. There are a lot of things.
the blank user has been interested and then they follow the whole journey to give them self-adnatured is a typically a start from zero to the one. So our users even got hands-on experiences with our test name. So within just a month of
our test night going live and we have had over 220,000 wallet addresses created on the chain. And at the mention, there are more than 2 million transactions have been made. And our users learn how to claim task tokens and you know, make
and transfers from liquidity pools as we know the LPN and view transactions on the chain. You know, it's a, how is this fantastic way for the users, for them to understand why blockchain technology is so secure in an intrestable way?
And we couldn't be prouder to pry this kind of learning experiences and to help our users make the transition into the blocking field our ultimate aim.
not just to elevate the... not to give everyone, especially the average and an opportunity to write the wave of global development. So, you know, that's what sets the Omega Network apart.
And yeah, yeah, thank you for that for that for the answer. Yeah, so can moving forward can you talk to us a little bit more about a future for Omega Network? How do you envision this future or what's your plan? What's down?
The Roman map and how do you plan to differentiate it even further from other players in the industry? Sure, of course. You know, during this whole journey a lot of users and they try to contact us and you know, through different ways and you know, even
personally like the me to ask, "Okay, how can I continually keep an eye on this project?" And what's your plan in future? Some questions like that. I've been told them like a thousand times, the most efficient way
for you to get further to deep further about Omega Network, it's just keep focusing on how we're official website, official Twitter, official telegram group and all the news and I've
just the possibilities that we're going to make in futures will be announced on those channels. Currently, we have taken a big lead by officially launching
of our midnight and providing open access to developer tools. And as we move into the next quarter, we're shifting our primary focus on developing the midnight ecosystem.
This goes beyond just a basic D5 infrastructure, but also planning to introduce them in an FD marketplace. We're actually doing that and we're planning to dig more of this.
as the crucial addition to our platform. In tandem with this, we will be improving our decentralized ID system, the ID system that I mentioned, and upgrade our wallet, of course, for more seamless
use experience. Yeah, because we're always focus on the use experience. Earlier this year, we started preparing for the launch of our Omega Madowers project, which we will gradually be opening up on this.
Yeah, we, we, we, we, and aside, it become a major platform for user interaction. And in addition to this, we have creating a, a game platform also.
which primarily features free casual games and we're actually planning to do it in 3D even so we'll see. Our team noticed that casual games are in a
know more was ordinary users as they don't require such a significant time or resources investment. Yep, they will skew off for high levels of engagement and wider
approval. Another exciting development as I have to say is the creation of the Dao structure with name it the Omega Dao the power of
of governance and avoiding, will fully come into play once we launch the Omega Chain midnight and release the OEM and midnight tokens. It's sorry to
been on the exchanges, but the ecosystem of the midnight still has to be explored of course. And this means that the OEM token holders will have a significant voice and then
that works decision making process. In another word, that's like truly bringing the principle of decentralization to have a life.
So for mainly the the future plans and and we have a special name for this we call it the the use cases not just the the NFT markets the matter where
contractions and in our gain-fight services that I mentioned. Also, we are trying to explore the Swap and Bridge.
trading goods or social networking, you know, um, staking that. We're losing you or I'm not sure if it's just me, but I can't hear you at the moment. Can you hear me now?
Andrew, I can't hear you at the moment.
Yeah, so for those who are just joined, there is just a slight technical issue right now, so our guests will just leave the chat and then rejoin. So give us a few minutes.
Hey, Andrew. Hey, too. Hey, yeah, sorry. We got we got cut and I don't believe the audience heard your last maybe minute of speaking. So, uh, just repeat your answer, please. Yeah, sure. Okay. Kamey now.
Yeah, all good now, all good now. Thanks. I'll get okay, okay. Uh, where did I last?
Okay, well, I'll restate the the part of our dowel structure and then continue.
So, yeah, I think that's a good point to continue. Okay, thank you.
The creation of the Omega Dowsractor, we name it the Omega Dow. You know, the Omega Dow
It has a big power of the governance and then the voting. Those two will fully come into play in
with the launch of Omega Chain midnight and the floating of the OEM and Night tokens. So that means
our I'm in tokens holders and they would have a like significant voice in the networks decision making process.
like braining the principle of decentralization to life like truly. So for the future plans and we have a bunch of functions and visions you want to accomplish and we call
at the use cases except for the NFT markets and the Maddiverse constructions and the GameFi services that I mentioned. They are also more want to do in future.
like the Swap Embrage and decentralized continent platforms and social networking, trading goods, service cell, or staking native tokens.
For more info send, they are all going to be listed on the Avarome app. We renewed our white paper to a 2.0 version, not long ago.
for everybody who got interested in other future plans and missions. Just, you know, don't hesitate. Please just go there and click and you will find everything you want to know. Tim? Awesome. Awesome. Awesome. Before we move on to the audience question,
Can you just explain the current distribution of OEM and tokens, the use cases of the token, token on the setter. Hello? Can you hear me? Hello? Hi, Andrew, can you hear me?
Okay, it might be has some you know a little arduous or is our signal transaction but I just did some messages with our host term so
I will continue with another big question that a lot of people have been asking about as the current distribution of our own oramen tokens and the use of the anamen tokens.
At the moment, most of our OEM and tokens are in the hands of users. So users have already mined like a hundred and forty million tokens for you.
So when we hit the token generation and then the TGE, 25% of this tokens, the have become unlocked. And the reminding tokens will follow the suit and unlock gradually at a
pace of one person per day over a span of 75 days. Like it's a process of gradually process. So what's more important to note here is that any tokens might
it after the TGE. They are not locked. They are just, you know, afraid to be treated as you wish. Looking ahead to the lunch of Averm midnight, we're going to roll out the new mining
And this will present investors with a chance to buy it into black rights of newt and in a receivary words from newt operations and it will kick off newt cells only after the midnight launch like recently when we were actually doing that
And the stakeholders will need to plead G-Sert in the amount of OIMN to secure the block rights of new contributing to the overall MEGA2 system. We will announce the details later, of course.
So, at its heart, the Omega Network is an innovative social-fice solution and cropped to build a robust and engaged blockchain community, a vermission is to drive efficiently.
security, scalability and decentralization in the social and social and social system to new heights. And however, Nate Token, no MN, lies at the heart of this, serving as
the Bose, uh, governess and utility talking. 10. Got it. Um, Andrew, can you, can you hear me now or not?
As we come into the conclude, I would like to express my sincere gratitude to our host today, Tim, at the Ku Korn,
for the immense support during our listening journey. And cool coin, I would say, with this sterling reputation and impressive treating loans on has been the great partner to us.
been truly an exciting journey so far and we're eagerly looking forward to strengthening this partnership. Out of me, I bring Omega Network into the hands of more users globally. Again, I
I want to say thank you to Tim and all the team members and Ku Kuan and of course I will give my appreciated to my all colleagues and most importantly the users who have been interested in us for a long time.
Yeah, like what I said, we do appreciate a looking forward for us all to achieve more in the future. Tempt, I'll get the mic back to you. Yep, thanks guys. I'm not sure if you can hear me or not, but I really appreciate it and see you guys.