Overview

Omega One is a trade execution platform that provides a cheap, safe way to trade crypto assets.

Project stage

Only a whitepaper

Detailed description

Omega One is a decentralized, automated trading intelligence interfaces between crypto exchanges and blockchains, using our balance sheet to enable our members to realize liquidity many times greater than available directly in the market, by both generating liquidity within the platform and breaking larger orders into small pieces that are placed across all market venues simultaneously.

By giving this trading intelligence its own balance sheet, cold storage vaults, and insurance, Omega One also intermediates trust between blockchains and exchanges, allowing trading members to retain custody of their funds. For ERC20 tokens initially, and eventually for tokens across all blockchains, Omega One provides pure trustless atomic swaps in settlement of orders and mediates risk between its members and the markets.

Omega One operates using a crypto-economic protocol, mediated by the Omega Token (OMT), a cryptographic token that provides membership access and can be used to pay trading fees. Higher balances of OMT allow members access to preferential liquidity treatment and discounted trading fees. OMT is an Ethereum (ERC20) tradable asset. Tokens will be sold to members initially in a token auction, and then after launch on an ongoing basis.

Problem

There are three fundamental limitations on trading in the crypto markets today:

  • A lack of liquidity, causing realized costs of trading to be often many times higher than published commissions and fees
  • A lack of security, in which the most liquid transparent venues come with risk of loss due to hacking
  • A lack of transparency into the actual costs of trading.

Collectively these three issues are stressing the markets, making them susceptible to booms and busts and creating a barrier to entry for the institutional players—such as traditional asset managers—whose presence will take the crypto markets to the next level of maturity.

Solution

Omega One solves these problems by providing traders, investors and institutions with a decentralized automated trade execution system that intelligently implements their trades across the world's crypto exchanges, shielding them from counterparty risk and reducing their costs of trading. By radically increasing the liquidity of crypto markets, we are laying the foundation for their maturation as an asset class and building the financial system of the future.

By solving liquidity and trust problems, foundational requirements for any financial system, Omega One will reduce barriers to capital flow into and between crypto assets, improving the efficiency and viability of the emerging crypto economy, smoothing market booms and busts, and enabling the development of more sophisticated capital allocation structures.

Features

Decentralized
Members' funds remain under their control in decentralized smart contracts on the blockchain.

Liquid
System aggregates liquidity across multiple exchanges, and further improves liquidity with trade execution logic.

Low Cost
Ssmart execution and order routing can radically reduce liquidity costs.

Secure
Non-custodial smart contract wallet system means members are not exposed to exchange counterparty risk.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : OMT
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 270,000 ETH
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :NA
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Soon(Start TBA)
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :Canada, China, South Korea,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

    Sale schedule

    Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
    Public sale — Soon
    Start Soon
    0.01 ETH No - Uncapped 270,000 ETH
    Private sale — Soon
    Start Soon
    NA No - Uncapped Uncapped
    • Team

      • Alex Gordon-Brander photo
        Alex Gordon-Brander
        Chief Executive Officer
      • Daniel Flax photo
        Daniel Flax
        Chief Technology Officer
      • James Andrew photo
        James Andrew
        Technical Director
    • Advisors

      • Joseph Lubin
        Ethereum Co-Founder, ConsenSys Founder
      • Bart Chilton
        Former CFTC Commissioner
      • Jose Marques
        Head of Trading at Bridgewater, Deutsche Bank
      • Amanda Gutterman
        HuffPo, Slant, ConsenSys, Forbes 30 Under 30
      • John Lilic
        ConsenSys
      • Juan Llanos
        Bitcoin Foundation, Bitreserve, ConsenSys Enterprise
      • Ron Garrett
        ConsenSys, Bitly
      • Richard Titus
        Razorfish, Samsung
      • John Wu
        Sego Digital Groups
      • Julie Coin
        ETrade, Deutsche Bank

    Roadmap

    • Aug 2017
      State
      • The trading engine is in the process of integration with several exchanges. 
      • Omega token and launch contract are under development. 
      • The Omega wallet and multi-chain integration are in design phase and will be moving into development in July. 
      • Smart contract code for public review and bug bounty, after it has been through both ConsenSys and 3rd party security audit and due diligence.
    • Q2 2018
      Release 1.0
      • Non-custodial smart contract wallets 
      • 2-5 exchanges 
      • BTC, ETH and the most popular ERC20 tokens 
      • First version of execution logic
    • Q1 2019
      Release 1.1-1.x
      • Integration more exchanges 
      • More currencies and tokens 
      • Analytics services 
      • Fiat currencies (custodial) 
      • Improved logic
    • Q1 2020
      Release 2.0
      • End to end trustless liquidity available 
      • Self-improving/decentralized logic engine 
      • Continued expansion across liquidity sources and assets

    Activity