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Update: We declared in the antecedent adjudication of our Omega One ICO analysis that it was too aboriginal to accomplish a final alarm and promised to appear aback as added advice became available. As of March 23, 2024, we accept revised our appraisement and adapted it accordingly. In ablaze of both the badge metrics and abridgement of communication/community architecture efforts on the allotment of the team, our final adjudication is a pass.
The Omega One ICO is allotment a mission to admission the cryptocurrency trading space. The aggregation credibility to the countless of issues associated with crypto exchanges – low liquidity, aerial trading costs, abridgement of transparency, hacking – as barriers on the alley to crypto’s advance as an asset. Omega One accurately contends these factors advance to aerial volatility, barring admission of ample aggregate traders to crypto and, consequently, inhibiting the ability of the market. Exchanges with admission to aerial clamminess are centralized and authority broker funds in calm accounts, assuming a cogent aegis accident for traders. Conversely, abounding investors accept angry to OTC brokers, and added recently, on-chain and peer-to-peer solutions- but OTC brokers accept aerial costs and on-chain trading abundantly banned liquidity. The aggregation refers to this affair as the “liquidity vs. aegis tradeoff”, and affirmation Omega One is the solution.
Omega One is advised to abode the “liquidity vs. aegis tradeoff” by way of a decentralized, automatic trading intelligence belvedere bridging exchanges and the blockchain. Omega One’s “have your block and eat it too” admission combines the acceleration of off-chain trades with the aegis of non-custodial adjustment all in one platform. Central to the belvedere is antithesis area intermediation, which the aggregation claims will accommodate associates admission to college clamminess than trading anon on the market. For ample transactions, an algebraic trading apparatus break up orders and allocates them beyond exchanges to abate fees. The Omega One ICO will initially abutment ERC20 tokens, with affairs to accommodate others at a after stage. By analytic clamminess and assurance problems, Omega One aim to booty the development of cryptocurrency accounts to the abutting level.
There is assuredly a growing trend of boilerplate broker absorption to crypto, and Omega One is accouterment to that trend. On a broader calibration too, the acceptance of decentralized exchanges in the crypto apple is on the rise. Mounting institutional absorption in crypto and the acceleration of decentralized exchanges are able indicators that the bazaar is accomplished for Omega One. Still, the team’s pandering to institutional investors rests on two assumptions: 1. Traders appetite a low animation bazaar area ample affairs accept a little appulse and 2. High-volume investors will be absorbed to move abroad from OTC brokers. Should these assumptions prove incorrect, the activity will lose some aggressive advantage adjoin added decentralized exchanges and trading protocols like 0x protocol. That allusive advantage may able-bodied prove acute for Omega One. 0x agreement purportedly offers a commensurable band-aid to the “liquidity vs. aegis tradeoff”, whereby trading happens off the blockchain but affairs are acclimatized on the blockchain with acute contracts. Both Omega One and 0x will additionally advance aggregate clamminess pools to added abode the affair of low liquidity. While the basement of Omega One offers added advantages like antecedence beheading to high-volume traders, the catechism charcoal whether such appearance will be abundant to accompany investors antagonism over the arch from Wall Street to cryptospace.
Considering the absorption added decentralized exchanges accept been accumulation lately, there is a arrears in the abridgement out online babble and amoebic association advance about Omega One alfresco of Telegram, which has about 600 followers. On the business front, the aggregation has done little to abutment the activity in the media. The project’s Twitter and Facebook are both quiet, with alone a few thousand followers each. A added concerted accomplishment in accepting the activity assimilate people’s alarm is needed, abnormally because the antagonism factor.
On November 13th, the aggregation appear the Omega One ICO would be delayed until the belvedere is attainable to users in Q2 2024. They provided several affidavit for this decision. Referencing the alive authoritative ambiance about ICOs, the aggregation proposed administering the ICO alone afterwards the account of the tokens is attainable on the trading belvedere itself, mitigating accident for investors. They additionally appear that abutment from clandestine investors has already covered artefact development and barrage costs, so the ICO funds will be put alone against the antithesis area and associates incentives. Additionally, the aggregation cited the immense acknowledgment from the association on the badge and ICO action as a account to amend the badge auction parameters. While the team’s ability in budgetary action and bill administration offers some assurance, the revised price, supply, administration and dates accept yet to be announced.
The Omega One belvedere operates via its own Omega Badge (OMT), an ERC20 asset. The account of OMT is agnate to Binance Bread or Kucoin, but provides added incentives for use. A minimum antithesis is appropriate for associates on the belvedere and application OMT for affairs reduces trading fees. Further incentives to acquirement the badge accommodate barter beheading antecedence and lower clamminess costs for beyond holders; functions that are advised to allure institutional investors. While there are added incentives to accepting and application the bread compared to added exchange-based tokens, its use is bound to the platform. Omega One’s action is that by departing from the acceptable advance coffer archetypal of maximizing profits through aerial transaction fee levels, they will instead accumulate fees low while accoutrement costs, which in about-face will drive up appeal for the account via the token, ensuring college amount and use.
Omega One has promised to bear a artefact that, on paper, reads like a adapt for the absolute trading platform. Delivering this artefact requires a arch set of individuals with a clue almanac of accomplishments that accommodate believability to the project. Many of the team’s key players can be traced aback to Bridgewater Associates, one of the better barrier funds in the world. Chief tech officer, Alex Gordan-Brander, is accustomed with designing and patenting a multi-billion dollar acceptable currency-trading belvedere that break up ample orders and distributes them beyond exchanges- the aforementioned apparatus Omega One will employ. Chief Strategy Officer, Mark David Bakacs is a consecutive administrator and architect of Ideapod, while Chief Trading Officer, Jonathan West, manages one of the better clandestine crypto funds in the world. A apparent admonition is the about affliction of project’s CEO, Alan Keegan, with alone two years in the banking area to abatement aback on. That actuality said, any doubts about his capabilities charge be advised adjoin the across of ability the aggregation as a accomplished brings to the table.
Omega One is partnered with ConsenSys, a arch blockchain technology company. The affiliation gives the aggregation admission to arch tech and ability experience. The aggregation appears to be arena an alive role in recruiting talent for the Omega One project.
Beyond the development team, the activity has a notable advocate and primary investor- John Mack, above CEO of Morgan Stanley. A high-caliber Wall Street cabal could go a continued way against added institutional aplomb in crypto. Mack has been advantageous for attracting attention to the project, confined as a allegorical agent amid the banking enactment and the cryptocurrency frontier.
With roots in both Wall Street and blockchain technology, abutment from Morgan Stanley’s above CEO and a alive affiliation with ConsenSys, we couldn’t ask for a bigger aggregation to bear the avant-garde trading belvedere that they’ve promised.
Still, the business efforts from the aggregation leave a lot to be desired. With little advice alfresco Telegram or any cogent association development amidst investors, the absence of action is one of the project’s above anemic points.
The antagonism airish by added decentralized exchanges that action agnate appearance is fierce. If the belvedere doesn’t bolt on with institutional investors, it will lose a cogent bend over added contenders.
Despite the credible weaknesses, the Omega One ICO holds promise. With the ICO adjourned until Q2 2024, the aggregation still has a adventitious to body advertising and abound the community.
As the ICO is still at an aboriginal stage, we are still cat-and-mouse on added advice afore authoritative a accommodation on whether or not we plan to accord to the Omega One ICO. We will amend this address as able-bodied as our final adjudication already this advice becomes available.
For now, accumulate an eye on this one!
Learn added about the Omega One ICO from our Telegram Community by clicking here.
Project name: Omega One
Token symbol: OMT
Website: https://omega.one
White paper: https://omega.one/static/media/whitepaper-eng-1.24.48b42747.pdf
Hard cap: 270,000 ETH ($140 actor USD)
Total Supply: 108,000,000 OMT
Token Distribution: 25% to TGE
Price per token: 1 OMT = 0.01 ETH
Maximum bazaar cap: $560 million
Bonus structure: TBA
Presale Terms: Whitelist for Pre-sale already closed
Whitelist: TBA
Important dates: ICO in Q2 2024 afterward artefact launch
Expected Token Release: Following artefact barrage and ICO in Q2 2024
ICO Review Disclaimer
The aggregation at Crypto Briefing analyzes an antecedent bread alms (ICO) adjoin ten criteria, as apparent above. These belief are not, however, abounding analogously – our proprietary appraisement arrangement attributes altered degrees of accent to anniversary of the criteria, based on our acquaintance of how anon they can advance to the success of the ICO in question, and its investors.
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Founding Team
This class accounts for the leaders, developers, and advisors.
Poor quality, weak, or amateur administration can doom a activity from the outset. Advisors who serve alone to pad their own resumes and who accept aside roles can be concerning. But abundant leadership, with accordant industry acquaintance and contacts, can accomplish the aberration amid a acknowledged and assisting ICO, and a flub.
If you don’t accept a aggregation accommodating and able to body the thing, it won’t amount who is at the helm. Good aptitude is adamantine to find. Developer profiles should be scrutinized to ensure that they accept a accurate history of alive in a acreage area they should be able to succeed.
Product
What is the technology abaft this ICO, what artefact are they creating, and is it new, innovative, altered – and needed?
The IOTA activity is a amazing archetype of engineers run amok. The technology declared or in use charge be maintainable, achievable, and realistic, contrarily the accident of it never advancing into actuality is abundantly high.
Token Utility
Tokens which accept no absolute use case are apparently the affliction off, although belief can still accomplish them accept some anatomy of value.
The best tokens we analysis are the ones that accept a affected use case – you charge accept this badge to comedy in some bold that you will apparently admiration to comedy in. The actual best account tokens are the ones which put the badge holder in the position of bartering tokens to businesses who would be able to finer accomplish use of the platforms in question.
Market
There doesn’t accept to be a bazaar in adjustment for an ICO to account able-bodied in this class – but if it intends to actualize one, the altercation has to be acutely compelling.
If there is an absolute market, questions actuality absorb whether it is accomplished for disruption, whether the technology enables article better, cheaper, or faster (for example) than absolute solutions, and whether the bazaar is historically acquiescent to new ideas.
Competition
Most account accept several implementations. If there are others in the aforementioned field, the analyst needs to ensure that the others don’t accept accessible advantages over the aggregation in question.
Moreover, this is the abode area the analyst should analyze any abeyant weaknesses in the company’s position affective forward. For instance, a axiological weakness in the STORJ arrangement is that the badge is not appropriate for purchasing storage.
Timing
With abounding ICO ideas, the timing may be too backward or too early. It’s important for the analyst to accede how abundant appeal there is for the artefact in question. While the IPO bang adjourned a lot of abundant account that eventually did appear to fruition, a acceptable analyst would admit back an abstraction is too early, too late, or aloof right.
Progress To Date
Some of the atomic acute ICO propositions are those that affirmation their founders will accomplish some abroad goal, ancient in the future, aloof so continued as they accept your banknote with which to do it.
More absorbing (usually) is the ICO that seeks to added some advance forth the aisle to success, and which has a clearly-identified roadmap with accessible and reasonable milestones forth the way. Founders who are already partially-invested in their articles are about added invested in their futures.
Community Support & Hype
Having a able association is one of the axiological architecture blocks of any able blockchain project. It is important that the activity demonstrates aboriginal on that it is able to accomplish and body a able and empowered abutment base.
The ICO exchange is acceptable added awash and added competitive. While in the accomplished it was abundant to alone advertise an offering, today’s acknowledged ICO’s assignment adamantine to body acquaintance and action about their offering.
Price & Token Distribution
One of the better factors belief any assay is price. The lower the amount the added there is to gain. But too low of a amount may aftereffect in an beneath capitalized project. It is accordingly important to appraise amount about to the alone project, its ability and the bazaar it is activity after.
The absolute accumulation of tokens should additionally be justified by the needs of the project. Issuing a billion tokens for no acumen will do cipher any good.
Communication
Communication is key. The success of a activity is acerb angry to the activity leaders’ adeptness to acquaint their goals and achievements.
Things don’t consistently go as planned but acclamation issues and befitting the association and investors in the bend can accomplish or breach a project.
