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Omni Foundation repurchases 33.7% of investor tokens for $18.1 million to optimize community-led distribution model

Omni Foundation repurchases 33.7% of investor tokens for $18.1 million to optimize community-led distribution model

ChaincatcherChaincatcher2025/05/15 13:16
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According to official news, the Omni Foundation announced the completion of a token buyback plan to promote a more community-oriented token economic model. This buyback involves repurchasing 33.7% of tokens from early investors, accounting for 6.77% of the total supply, reducing the investors' holding ratio from 20.06% to 13.29%. The repurchased tokens will be transferred to the "community growth" category, decreasing the total holding ratio of investors, advisors, and core contributors from 48.56% to 41.79%.

The buyback was executed at a discount below the current market price and fully complies with existing lock-up agreements. The funds were sourced from the $18.1 million raised in the foundation's seed and Series A financing rounds. The foundation emphasized that this move aims to balance original contractual commitments with building a community-led token distribution model, avoiding disruption of existing agreements.

Omni Foundation stated that by adjusting the token ownership structure, more rights will be transferred to the user community and long-term supporters. This strategy partially references the "community-first" distribution model of projects like Hyperliquid, aiming to enhance the network's decentralization, governance resilience, and long-term ecological sustainability. This buyback is seen as a typical case of optimizing the token economic structure, coordinating the interests of early investors and the community through capital means.

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