With the maturing of the internet, we got online financial systems that have served us well for decades now. However, to this day, they are still considered flawed. They are very slow for today's standards, particularly when it comes to making international transactions. They also come at high fees, and they are heavily centralized, which basically means that no one is really in full control of their money at any time, except if you use cash.
The emerging technologies, such as cryptocurrencies and blockchain, are slowly but surely changing that. They are revolutionizing the financial industry, as well as pretty much every other industry out there. However, as they started off as a solution for financial issues, this is still one area where they are the strongest to this day.
Cryptocurrencies and blockchain have numerous advantages over traditional systems. For example, they are decentralized, meaning that their users actually own their funds. Transactions are fast, fees are low, and the systems themselves are borderless, meaning that you can access your money from any place, at any time, as long as you have an internet connection.
The world is slowly, but surely, moving towards these systems and the new form of digital finances. However, it will still take a while before it truly gets there, which is why it needs capable projects to lead it there, and Omega One is one such project.
Omega One believes that a secure, efficient, decentralized, and digitally-native global financial system is being born. It came to be thanks to blockchain technology, and this is where it will remain, making its home on the newest, most advanced, and most revolutionary technology that we have developed thus far.
The new financial system has the power to restructure global power dynamics and to fundamentally impact the world of tomorrow. Omega One aims to be one of the projects that would make the birth of this new system not only possible, but easy, and shape it in a way that would serve everyone.
Blockchain has solved the issue of scarcity in a purely digital space, with no need for centralized powers to create security and trust. As such, it has allowed the creation of a decentralized market of value, which has most of the functions in the financial industry automated, transparent, secure, and efficient. Now, Omega One is building out the investment architecture of the natively digital asset markets. It aims to improve the viability and make it a foundation for the new financial system.
Members' funds will always remain under their own control, secured by smart contracts and decentralized nature of the blockchain. Omega One's systems aggregate liquidity across numerous different cryptocurrency exchanges and improves it further with trade execution logic. The new, smart execution, in combination with order routing, reduces liquidity costs quite radically,
Of course, to do it all, the project will first need its own cryptocurrency, which is why they announced an ICO some time ago.
Despite the fact that Omega One ICO has been announced well over a year ago, there is still a large scarcity when it comes to what we know about the token, or the ICO itself.
There is no date announced, no hard or soft caps, or even a list of restricted areas. All that is known about the project right now is that its token's ticker will be OMT and that this is a utility token. It was developed on Ethereum's network as an ERC-20 token, and the project itself was registered in the United States.
That is about it that is known at this point.
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|Start||July 2, 2019|
|End||October 1, 2019|
Actually, the liquidity dark pools for crypto trading will soon become an essential thing for institutional traders, as well as those who operate with large amounts of crypto on a daily basis, because we are now witnessing the entrance of firms that capitalize on high-frequency trading in this space. Many believe that the recent spike of BTC price to $14 with the following abrupt downfall by $1,5K is the result of HFT doing their nasty deeds. Therefore, Omega One is a project that offers a constructive solution, but, apparently, they have come to a standstill.
Josh August 13, 2019 Reply
The project was announced more than a year ago, in 2018, during the harshest bear market that the world of cryptocurrencies has ever experienced. Since the announcement of the ICO, the project has been rather quiet, which brings the question - did it survive the crypto winter?
Kitty August 7, 2019 Reply
The current lack of information and the fact that the ICO itself was not held until now indicates that the project might be abandoned. If true, it would be a shame, as it had a decent team, and a good vision. It is not exactly unique, as many others are trying to solve similar problems in similar ways, but it is certainly helpful to have another team looking into these issues.
Gustav July 30, 2019 Reply