Omm Tokens

Omm Tokens

Omm Tokens OMM Rank #-

Definitive guide to invest in Omm Tokens (OMM) Token - What is it, price and reliability

Omm Tokens Exchanges

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Omm is a money market on the ICON blockchain. It works as a DAO, with Omm Tokens (OMM) as the governance token. When participating, OMM grants the holder voting rights and a part of the participation bonuses. You can earn Omm tokens using Omm: provide or borrow assets, stake OMM or provide OMM liquidity on the balanced exchange. The first Omm tokens were minted on August 26, 2021 (48 hours after launch) and the supply is increasing daily. 1,000,000 OMMs were distributed every day for 30 days and now maintains a rate of 400,000 per day for the rest of the first year. The daily amount is then reduced by 100,000 each year, until year 5+ when the rate stabilizes at 3% inflation. What is omm? How is it different? Omm is a money market on the ICON network. You can provide assets to earn interest, borrow against them for short-term loans, and earn Omm tokens to do so. Omm is poised to become the premier cross-chain money market. You can take advantage of ICON's interoperability capabilities to support other blockchain resources and offer the widest variety of markets to your users. And you can do it by providing fast and cheap transactions. Designed with new crypto investors in mind, Omm includes Bridge as an access option. Bridge is a wallet that lets you log in with an email address and helps you convert fiat currency into USDS (stable USD) for delivery to Omm. USDS can be converted to US$1 through Stably and can be sent to your bank account by holders at any time. Benefits of OMM DAO If you bet on OMM, you have voting rights in the OMM protocol and meta-government rights for the ICON blockchain. You can vote for ICON Public Representatives (P-Reps), validators that operate "nodes" on the ICON blockchain, which affects the income they earn. Omm governance also allows investors to vote on proposals to modify or improve the protocol, such as the addition of new markets; funding of community, growth and security initiatives; and adjust the token economy.