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We’re glad to inform our current and future investors about the newly designed OSEA Token Buyback Program.
Web3 technology presents unmatched opportunities for building the engagement of users and the community. The common good of our cross-chain ecosystem, which is OSEA, has numerous use cases within the protocol. An additional added value of a properly supported token is the possibility of engaging it in the appropriate mechanisms of the system, making the ecosystem more absorbing, compact, and encouraging to participate.
Currently, Omnisea is in the development phase. We are committed to providing innovation and declared functionalities, establishing valuable cooperations, and building an early user base. Entering the growth phase, it will be important to organize tools supporting the self-development of the ecosystem and increasing adoption.
The last 2 years have been a period of dynamic development for the NFT sector and the generation of huge volume on decentralized exchanges and other services related to trading and minting NFTs (e.g. Launchpads). We believe that with the return of favorable market conditions, the market will not only surpass previous achievements but also present a number of new applications. Having that in mind, we designed our Omnichain NFTs Launchpad protocol to be self-sustainable by introducing 2% minting fees.
We believe that a portion of this protocol revenue should be constantly devoted to strengthening the above-mentioned mechanisms that drive the community and the ecosystem. For this reason, we decided to declare 33% of our monthly protocol revenue for the repurchase of the OSEA token from the market. The above also makes the protocol development and growing user base a direct benefit to the holders and investors. The greater the revenue generated in a given month, the more the monthly buyback will be worth. In the future, the entirety of this operation will be coordinated by the DAO.
We’re glad to inform our current and future investors about the newly designed OSEA Token Buyback Program.
Web3 technology presents unmatched opportunities for building the engagement of users and the community. The common good of our cross-chain ecosystem, which is OSEA, has numerous use cases within the protocol. An additional added value of a properly supported token is the possibility of engaging it in the appropriate mechanisms of the system, making the ecosystem more absorbing, compact, and encouraging to participate.
Currently, Omnisea is in the development phase. We are committed to providing innovation and declared functionalities, establishing valuable cooperations, and building an early user base. Entering the growth phase, it will be important to organize tools supporting the self-development of the ecosystem and increasing adoption.
The last 2 years have been a period of dynamic development for the NFT sector and the generation of huge volume on decentralized exchanges and other services related to trading and minting NFTs (e.g. Launchpads). We believe that with the return of favorable market conditions, the market will not only surpass previous achievements but also present a number of new applications. Having that in mind, we designed our Omnichain NFTs Launchpad protocol to be self-sustainable by introducing 2% minting fees.
We believe that a portion of this protocol revenue should be constantly devoted to strengthening the above-mentioned mechanisms that drive the community and the ecosystem. For this reason, we decided to declare 33% of our monthly protocol revenue for the repurchase of the OSEA token from the market. The above also makes the protocol development and growing user base a direct benefit to the holders and investors. The greater the revenue generated in a given month, the more the monthly buyback will be worth. In the future, the entirety of this operation will be coordinated by the DAO.
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