Omni

The Omni token, also known as OMNI, is the native token of the Omni platform. It is used to pay for transaction fees on the platform and can be traded on various cryptocurrency exchanges. OMNI is also used as collateral for the creation of custom digital assets on the Omni platform.

One of the most popular use cases for the Omni platform is the creation of stablecoins, which are digital assets pegged to the value of a real-world asset such as the US dollar. Tether (USDT), one of the most widely used stablecoins in the cryptocurrency ecosystem, is built on the Omni platform.

Omni Layer is the ideal tool for creating and trading in custom currencies. It also enables blockchain-based crowdfunding, by collecting cryptocurrencies in a secure, trustless, decentralized, and peer-to-peer manner, with no intermediaries. Additionally, it acts as a bridge between altcoins, smart contracts, and smart properties and the Bitcoin blockchain. Omni Layer serves as a crowdsourcing platform, providing the means to necessary funds without the interference of a third party.

Although 'OMNI' was the ticker assigned at the deployment of the Omni Token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'OMNILAYER' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.