Gate.io AMA with Omega Network-An Innovative Proof of Networking Layer1

TTime: June 21st, 2023, 11:00 AM (UTC)
Gate.io hosted an AMA (Ask-Me-Anything) session with Andrew Norton,COO of OMEGA Labs in the Gate.io Exchange Community.
Official Website: https://omtch.com/
Twitter: https://twitter.com/OMCoreTeam
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Guest

Andrew Norton — COO of OMEGA Labs

Q&A from Gate.io

Q1: Could you share some information about yourself and give us an introduction to Omega Network?

Andrew: Hey everyone, I’m Andrew, COO of Omega Network.Omega Network is an innovative networking Layer 1 blockchain. We’re not just making fancy algorithms and code here; we want to make blockchain part of everyday life. We aim to popularize blockchain, bring blockchain out of the tech labs and into the mainstream, to make it as common as your daily dropout, like morning cups of coffee or afternoon delight with cups of tea.We’re pioneering a revolutionary platform where social interactions and monetary transactions blend seamlessly.

Q2: Omega Network already boasts 2.3 million users. How did you manage to reach this milestone, and what are your strategies to encourage more people to use Omega Network?

Andrew: Well, our Secret sauce is the inherently social nature of the platform. It’s like a digital version of word-of-mouth where users bring their friends and family into the Omega family, creating this vibrant, interconnected community.

Q3: What differentiates Omega Network from other players in the industry?

Andrew: When we look around the industry, we see that most projects focus on becoming financial institutions or tools. But here at Omega, we take a different approach. For us, it’s all about the users first. We’re creating a platform that hosts an array of ecos to ease Web 2.0 users into the realm of blockchain. We’ve already brought a staggering 2.8 million users into the Web 3.0 world. That’s not easy, and it took a lot of trial and error to get there. A lot of our users were completely new to the crypto scene when they first joined Omega Network.

Q4: How do you envision the future of Omega Network and what’s your plan?

Andrew: Currently, we’ve taken a big leap by officially launching our mainnet and providing open access to developer tools. As we move into the next quarter, we’re shifting our primary focus onto developing the mainnet eco. Another exciting development is the creation of a DAO structure, we’ve named it the Omega DAO.

Q5: Can you explain the current distribution of OMN tokens and the uses of the OMN token?

Andrew: At the moment, most of our OMN tokens are in the hands of users – users have already minted 140 million tokens via Omega Network app. When we hit the Token Generation Event (TGE), 25% of these tokens will become unlocked. The remaining tokens will follow suit, unlocked gradually at a pace of 1% per day over a span of 75 days. What’s important to note here is that any tokens mined after TGE aren’t locked - they’re free to be traded.