Omni Foundation repurchased 33.7% of investor tokens for $18.1 million, optimising the community-led distribution model

ChainCatcher News: According to official information, Omni Foundation announced the completion of a token buyback program to promote a more community-based token economic model. The buyback involved the repurchase of 33.7% of the tokens from early investors, representing 6.77% of the total supply, with investor holdings decreasing from 20.06% to 13.29%. The buyback tokens will be transferred to the "Community Growth" category, reducing the total holdings of investors, advisers and core contributors from 48.56% to 41.79%.

The buyback is executed at a discount below the current market price and in full compliance with the existing lock-up agreement. Funding came from $18.1 million raised through the foundation's seed and Series A funding rounds. The Foundation emphasised that this move aims to balance the original terms and commitments with the establishment of a community-led token distribution model to avoid breaking the existing agreement.

Omni Foundation said that by adjusting the token ownership structure, more rights will be transferred to the user community and long-term supporters. The strategy is partly a reference to the "community-first" distribution model of projects such as Hyperliquid, which aims to enhance the decentralisation, resilience of governance, and long-term ecological sustainability of the network. The buyback is seen as a typical case of optimising the structure of the token economy, coordinating the interests of early-stage investors and the community through capital means.

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