Fam, after a long wait, we're excited to unveil the tokenomics for the FLIX token, designed to fuel the growth of the OmniFlix Hub!

OmniFlix is the interchain media hub with a focus exclusively on media infrastructure used in web2/web3 media, events, games & rapidly expanding to other verticals.

FLIX is the native token that powers and secures the OmniFlix Hub and below is a primer to understand the role of FLIX as a part of the OmniFlix Hub.

• Total Supply - 1 Billion FLIX

• Genesis Supply - 300 Million FLIX

• Time to reach maximum supply of 1B FLIX is 7 years with inflation starting at ~33% and tapering to ~11%

• This leads to the minting of ~100M FLIX every year until the end of the 7th year

• Inflation rewards are distributed to the Community Pool and covers various stakeholders with budgets for security, adoption, technical and infrastructure.

The genesis supply of 300M FLIX is broken down into 3 equal parts of 100M FLIX each.

• The first part is the Community Bootstrapping Allocation where:

  • 60M FLIX is the budget set aside for the FlixDrop and budget for DAO collaborations (D2D engagements or DAO to DAO token swaps, etc.) where exact details regarding the FlixDrop will be shared in a subsequent article. Tokens distributed to DAOs will be vested on a case-to-case basis.

  • 10M FLIX is allocated towards incentives for node hosts and other stakeholders, vested over 2yrs

  • 10M FLIX is allocated for technical and non-technical early contributors, vested over 2yrs

  • 10M FLIX is allocated for LP incentives after the token launch

  • 5M FLIX is the allocation for pre-token launch & post-token launch community activities

  • 5M FLIX is allocated to seed the Community Pool

• The second part is allocated to be managed by the Foundation and includes:

  • 60M FLIX allocated for the Foundation, vested monthly over 4yrs

  • 20M FLIX allocated for Treasury 1, which is reserved for Adoption Grants to increase creator and developer activity on the network, vested monthly over 4yrs

  • 20M FLIX allocated for Treasury 2, which is the Strategic Reserve, vested monthly over 2yrs starting from the 3rd month

• The final 100M includes allocations for the team, advisors and angel investors. The split is as follows:

  • Team (60M FLIX)

    • 30M FLIX is allocated for the Founders, vested over 6yrs where the 1st yr of vesting has been underway since May 2022.

    • 15M FLIX is allocated for Current team members, vested over 4yrs where the 1st yr of vesting has been underway since May 2022.

      NOTE: for Founders & the Current Team members, tokens that are now liquid will be locked in the first year via StreamPay (for block by block transfer of tokens) or with a new vesting account to have limited access to liquid tokens.

    • 15M FLIX is allocated towards Future team members, vested monthly over a period of 4yrs

  • Advisors (6M FLIX)

    • OmniFlix’s team and the contributors are fortunate to have advisors like Jack Zampolin, Eric Su and others in the web2 media industry supporting the network.

    • The allocated 6M FLIX are vested over a period of 2yrs (starting in 3 months) for current advisors.

    • Future advisors will receive tokens on a case-to-case basis.

  • Initial Fundraise (34M FLIX)

    • 5M FLIX is the allocated budget for the FLIX token launch via the

• Allocation for initial funding - This budget includes the initial allocation for seed investors that participated in the seed round by contributing in tokens and value worth ~$740K USD. The price at which seed investors will receive tokens is NOT fixed and is determined by the community at the end of the token launch via the StreamSwap Protocol.

• Allocation for the economic launch - This budget also includes an allocation of 5M for the economic launch via the StreamSwap Protocol that’ll be sent to the community pool from the Foundation for execution at the discretion of the node hosts and the wider community of FLIX delegators.

  • Note that, only a part of the 5M will be utilized for the FLIX launch in the first StreamSwap stream. Details about the StreamSwap stream will be shared in a subsequent article.

  • The remaining FLIX is reserved for subsequent streams or to incentivize liquidity after the initial stream.

  • The details of OmniFlix’s plans with StreamSwap will be shared in an independent article.

Inflation is distributed to align incentives towards the stakeholders that participate in the growth of the network.

Here’s a visualization of the breakdown of 100% of the inflation. This has been updated to its final state after our discussion with our validators, advisors, early contributors and others.

Below is the breakdown of the tokens that are minted as a result of in-protocol inflation.

• Inflation at ~33% and tapers to ~11% by year 7

• Inflation is distributed to various stakeholders, including:

  • 60% - Security Budget allocated for Stakers/Delegators who delegate their voting power and secure the chain - 60% (or 420M FLIX at the end of 7yrs).

  • 15% - Adoption Budget allocated towards grants for Creators/Collectors/Curators/Publishers/Communities - for increasing transactional and economic activity on the network - 15% (105M FLIX at the end of 7yrs), managed by the subDAO.

  • 15% - Development Budget allocated towards Developer Grants for building the infrastructure to increase adoption - 15% (or 105M FLIX at the end of 7yrs), managed by the subDAO

  • 5% - Infrastructure Budget allocated towards Node Hosts for nodes without in-protocol incentivization like Relayers & Media Node hosts - 5% (or 35M FLIX at the end of 7yrs)

  • 5% - Community Pool for funding activities at the discretion of the community of delegators - 5% (or 35M FLIX at the end of 7yrs)

Below is a visualization of the token emission schedule and represents the tokens that are liquid at the end of each year.

The image includes details of the tokens being unlocked and minted due to inflation across various categories. They are:

• Genesis Supply (300M FLIX)

• Inflation (700M FLIX)

  • Security Budget (420M FLIX)

  • Infrastructure Budget (35M FLIX)

  • Technical Budget (105M FLIX)

  • Community Pool (35M FLIX)

  • Adoption Budget (105M FLIX)

This graph doesn’t consider the tokens under vesting as they are not liquid. This means that, the genesis supply of 300M FLIX isn’t fully liquid on day one as the tokens are under vesting and will be unlocked gradually over a period of time.

Ideally revenue streams are to be established or deflationary mechanisms are to be utilized to sustain operations after 7yrs.

1. FLIX token holders govern the OmniFlix Hub and the chains secured via shared security mechanisms like Replicated, Mesh, Alliance or others in the future.

2. Staked FLIX tokens represent voting power. Delegate voting power to node hosts (validators) to secure the network and to participate in the governance process.

3. Delegators of FLIX receive a portion of the in-protocol fee generated.

   1. The marketplace commission right now distributes the commission (of 1% per transaction) to the delegators (50%) and the Community Pool (50%).

   2. This is received in the form of ATOM, OSMO, JUNO, HUAHUA, AKT and other supported tokens and a screenshot of the Community Pool (credits Mintscan) can be seen below. This is the technology in action.

   3. The same mechanism will be implemented for other transaction types and fees in the future for the benefit of various stakeholders within the network.

1. Gas Fee

   1. FLIX will be used as the gas fee and as the transaction fee on the OmniFlix Hub.

   2. In the future, we might have validators accepting other tokens as gas fee. In that case, the gas fees received will be swapped to FLIX via an Osmosis outpost or any other mechanism involved.

2. Transaction Fees (from in-protocol interactions)

   1. On the OmniFlix Hub, certain interactions will need the user to pay a Transaction Fee to the network for interacting with the protocol.

   2. An example of this would be the fee paid for as a part of the interactions with the marketplace module.

   3. A portion of this ‘in-protocol fee’ will be directed towards various stakeholders including delegators of FLIX token and/or to the Community Pool.

   4. Stakeholders for certain transactions include developers, creators and others. This is primarily due to the nature of the economic activity and will be determined on a case to case basis with community consensus.

   5. Note that IBC tokens can be used on the network for certain types of transactions like in the marketplace module for NFT listing (fixed price or auctions). FLIX holders receive a discount or any token that is not the native token of the network (FLIX) will incur a premium for their use within the OmniFlix Network.

1. With the rise of AI-generated content and the rise of heavy workloads, media infrastructure for public goods plays a key role and especially within the OmniFlix ecosystem.

2. FLIX token will be used for payment of infrastructure services for Media Node Hosts that maintain origin storage, encoding & transcoding or delivery nodes.

3. Media Nodes are being planned right now and details will be shared subsequently in Q3 of 2023.

4. This infrastructure will be utilized by Events (like Cosmoverse, AwesomWasm, Nebular Summit & more) and publishers like Akash Network, running the AkashEDU program (with an NFT-gated video course) fully powered by OmniFlix’s infrastructure. It will also power the creators of NFTs on the OmniFlix Network without having to rely on external storage services.

1. FLIX will be used to support ecosystems that utilize the OmniFlix Hub and increase economic activity on the network.

2. This is applicable for teams that use the marketplace module or the NFT module (oNFT) or the streampay module, by potentially securing the network and promoting the use of FLIX.

3. At this point in time, OmniFlix have already been powering a sovereign chain with the oNFT module since early 2022 and is scheduled for an upgrade later this year. Details about the way forward will be shared with the community during the course of the year.

Thank you for taking the time to go through the details and we hope it gave you all the information you need to participate in OmniFlix ecosystem. You are always invited to discuss the details tagging our socials or on Discord/Telegram.

Join us with our creators & communities as we build together the interchain media hub, OmniFlix 💪

• Telegram - https://t.me/OmniFlixNetwork

• Telegram Chat - https://t.me/OmniFlixChat

• Discord - https://discord.com/invite/6gdQ4yZSTC

• Twitter - https://twitter.com/OmniFlixNetwork

• Reddit - https://www.reddit.com/r/OmniFlix/

• Medium (for blog posts until June 2022) - https://medium.com/@OmniFlix

• Blog (for posts from July 2022) - https://mirror.xyz/OmniFlixNetwork.eth

• Flix Fanatics (An OmniFlix subDAO) - https://mirror.xyz/FlixFanatics.eth

• OmniFlix Market

• OmniFlix Studio

• OmniFlix TV (alpha)

• OmniFlix inSync (& various implementations)

All URLs: https://linktr.ee/OmniFlix

If you are one of the above and are looking to use NFTs, fill the below form to get in touch with us and we’ll take it forward together.

Fam, after a long wait, we're excited to unveil the tokenomics for the FLIX token, designed to fuel the growth of the OmniFlix Hub!

OmniFlix is the interchain media hub with a focus exclusively on media infrastructure used in web2/web3 media, events, games & rapidly expanding to other verticals.

FLIX is the native token that powers and secures the OmniFlix Hub and below is a primer to understand the role of FLIX as a part of the OmniFlix Hub.

• Total Supply - 1 Billion FLIX

• Genesis Supply - 300 Million FLIX

• Time to reach maximum supply of 1B FLIX is 7 years with inflation starting at ~33% and tapering to ~11%

• This leads to the minting of ~100M FLIX every year until the end of the 7th year

• Inflation rewards are distributed to the Community Pool and covers various stakeholders with budgets for security, adoption, technical and infrastructure.

The genesis supply of 300M FLIX is broken down into 3 equal parts of 100M FLIX each.

• The first part is the Community Bootstrapping Allocation where:

  • 60M FLIX is the budget set aside for the FlixDrop and budget for DAO collaborations (D2D engagements or DAO to DAO token swaps, etc.) where exact details regarding the FlixDrop will be shared in a subsequent article. Tokens distributed to DAOs will be vested on a case-to-case basis.

  • 10M FLIX is allocated towards incentives for node hosts and other stakeholders, vested over 2yrs

  • 10M FLIX is allocated for technical and non-technical early contributors, vested over 2yrs

  • 10M FLIX is allocated for LP incentives after the token launch

  • 5M FLIX is the allocation for pre-token launch & post-token launch community activities

  • 5M FLIX is allocated to seed the Community Pool

• The second part is allocated to be managed by the Foundation and includes:

  • 60M FLIX allocated for the Foundation, vested monthly over 4yrs

  • 20M FLIX allocated for Treasury 1, which is reserved for Adoption Grants to increase creator and developer activity on the network, vested monthly over 4yrs

  • 20M FLIX allocated for Treasury 2, which is the Strategic Reserve, vested monthly over 2yrs starting from the 3rd month

• The final 100M includes allocations for the team, advisors and angel investors. The split is as follows:

  • Team (60M FLIX)

    • 30M FLIX is allocated for the Founders, vested over 6yrs where the 1st yr of vesting has been underway since May 2022.

    • 15M FLIX is allocated for Current team members, vested over 4yrs where the 1st yr of vesting has been underway since May 2022.

      NOTE: for Founders & the Current Team members, tokens that are now liquid will be locked in the first year via StreamPay (for block by block transfer of tokens) or with a new vesting account to have limited access to liquid tokens.

    • 15M FLIX is allocated towards Future team members, vested monthly over a period of 4yrs

  • Advisors (6M FLIX)

    • OmniFlix’s team and the contributors are fortunate to have advisors like Jack Zampolin, Eric Su and others in the web2 media industry supporting the network.

    • The allocated 6M FLIX are vested over a period of 2yrs (starting in 3 months) for current advisors.

    • Future advisors will receive tokens on a case-to-case basis.

  • Initial Fundraise (34M FLIX)

    • 5M FLIX is the allocated budget for the FLIX token launch via the

• Allocation for initial funding - This budget includes the initial allocation for seed investors that participated in the seed round by contributing in tokens and value worth ~$740K USD. The price at which seed investors will receive tokens is NOT fixed and is determined by the community at the end of the token launch via the StreamSwap Protocol.

• Allocation for the economic launch - This budget also includes an allocation of 5M for the economic launch via the StreamSwap Protocol that’ll be sent to the community pool from the Foundation for execution at the discretion of the node hosts and the wider community of FLIX delegators.

  • Note that, only a part of the 5M will be utilized for the FLIX launch in the first StreamSwap stream. Details about the StreamSwap stream will be shared in a subsequent article.

  • The remaining FLIX is reserved for subsequent streams or to incentivize liquidity after the initial stream.

  • The details of OmniFlix’s plans with StreamSwap will be shared in an independent article.

Inflation is distributed to align incentives towards the stakeholders that participate in the growth of the network.

Here’s a visualization of the breakdown of 100% of the inflation. This has been updated to its final state after our discussion with our validators, advisors, early contributors and others.

Below is the breakdown of the tokens that are minted as a result of in-protocol inflation.

• Inflation at ~33% and tapers to ~11% by year 7

• Inflation is distributed to various stakeholders, including:

  • 60% - Security Budget allocated for Stakers/Delegators who delegate their voting power and secure the chain - 60% (or 420M FLIX at the end of 7yrs).

  • 15% - Adoption Budget allocated towards grants for Creators/Collectors/Curators/Publishers/Communities - for increasing transactional and economic activity on the network - 15% (105M FLIX at the end of 7yrs), managed by the subDAO.

  • 15% - Development Budget allocated towards Developer Grants for building the infrastructure to increase adoption - 15% (or 105M FLIX at the end of 7yrs), managed by the subDAO

  • 5% - Infrastructure Budget allocated towards Node Hosts for nodes without in-protocol incentivization like Relayers & Media Node hosts - 5% (or 35M FLIX at the end of 7yrs)

  • 5% - Community Pool for funding activities at the discretion of the community of delegators - 5% (or 35M FLIX at the end of 7yrs)

Below is a visualization of the token emission schedule and represents the tokens that are liquid at the end of each year.

The image includes details of the tokens being unlocked and minted due to inflation across various categories. They are:

• Genesis Supply (300M FLIX)

• Inflation (700M FLIX)

  • Security Budget (420M FLIX)

  • Infrastructure Budget (35M FLIX)

  • Technical Budget (105M FLIX)

  • Community Pool (35M FLIX)

  • Adoption Budget (105M FLIX)

This graph doesn’t consider the tokens under vesting as they are not liquid. This means that, the genesis supply of 300M FLIX isn’t fully liquid on day one as the tokens are under vesting and will be unlocked gradually over a period of time.

Ideally revenue streams are to be established or deflationary mechanisms are to be utilized to sustain operations after 7yrs.

1. FLIX token holders govern the OmniFlix Hub and the chains secured via shared security mechanisms like Replicated, Mesh, Alliance or others in the future.

2. Staked FLIX tokens represent voting power. Delegate voting power to node hosts (validators) to secure the network and to participate in the governance process.

3. Delegators of FLIX receive a portion of the in-protocol fee generated.

   1. The marketplace commission right now distributes the commission (of 1% per transaction) to the delegators (50%) and the Community Pool (50%).

   2. This is received in the form of ATOM, OSMO, JUNO, HUAHUA, AKT and other supported tokens and a screenshot of the Community Pool (credits Mintscan) can be seen below. This is the technology in action.

   3. The same mechanism will be implemented for other transaction types and fees in the future for the benefit of various stakeholders within the network.

1. Gas Fee

   1. FLIX will be used as the gas fee and as the transaction fee on the OmniFlix Hub.

   2. In the future, we might have validators accepting other tokens as gas fee. In that case, the gas fees received will be swapped to FLIX via an Osmosis outpost or any other mechanism involved.

2. Transaction Fees (from in-protocol interactions)

   1. On the OmniFlix Hub, certain interactions will need the user to pay a Transaction Fee to the network for interacting with the protocol.

   2. An example of this would be the fee paid for as a part of the interactions with the marketplace module.

   3. A portion of this ‘in-protocol fee’ will be directed towards various stakeholders including delegators of FLIX token and/or to the Community Pool.

   4. Stakeholders for certain transactions include developers, creators and others. This is primarily due to the nature of the economic activity and will be determined on a case to case basis with community consensus.

   5. Note that IBC tokens can be used on the network for certain types of transactions like in the marketplace module for NFT listing (fixed price or auctions). FLIX holders receive a discount or any token that is not the native token of the network (FLIX) will incur a premium for their use within the OmniFlix Network.

1. With the rise of AI-generated content and the rise of heavy workloads, media infrastructure for public goods plays a key role and especially within the OmniFlix ecosystem.

2. FLIX token will be used for payment of infrastructure services for Media Node Hosts that maintain origin storage, encoding & transcoding or delivery nodes.

3. Media Nodes are being planned right now and details will be shared subsequently in Q3 of 2023.

4. This infrastructure will be utilized by Events (like Cosmoverse, AwesomWasm, Nebular Summit & more) and publishers like Akash Network, running the AkashEDU program (with an NFT-gated video course) fully powered by OmniFlix’s infrastructure. It will also power the creators of NFTs on the OmniFlix Network without having to rely on external storage services.

1. FLIX will be used to support ecosystems that utilize the OmniFlix Hub and increase economic activity on the network.

2. This is applicable for teams that use the marketplace module or the NFT module (oNFT) or the streampay module, by potentially securing the network and promoting the use of FLIX.

3. At this point in time, OmniFlix have already been powering a sovereign chain with the oNFT module since early 2022 and is scheduled for an upgrade later this year. Details about the way forward will be shared with the community during the course of the year.

Thank you for taking the time to go through the details and we hope it gave you all the information you need to participate in OmniFlix ecosystem. You are always invited to discuss the details tagging our socials or on Discord/Telegram.

Join us with our creators & communities as we build together the interchain media hub, OmniFlix 💪

• Telegram - https://t.me/OmniFlixNetwork

• Telegram Chat - https://t.me/OmniFlixChat

• Discord - https://discord.com/invite/6gdQ4yZSTC

• Twitter - https://twitter.com/OmniFlixNetwork

• Reddit - https://www.reddit.com/r/OmniFlix/

• Medium (for blog posts until June 2022) - https://medium.com/@OmniFlix

• Blog (for posts from July 2022) - https://mirror.xyz/OmniFlixNetwork.eth

• Flix Fanatics (An OmniFlix subDAO) - https://mirror.xyz/FlixFanatics.eth

• OmniFlix Market

• OmniFlix Studio

• OmniFlix TV (alpha)

• OmniFlix inSync (& various implementations)

All URLs: https://linktr.ee/OmniFlix

If you are one of the above and are looking to use NFTs, fill the below form to get in touch with us and we’ll take it forward together.