OMPHALOS AMA Recap

OMPHALOS AMA Recap

CryptoDiffer team

Hello, everyone!😁

We are glad to meet here 

Davorin Bebek (CM at OMPHALOS)

CM at OMPHALOS, Davorin Bebek

Hello, pleasure to be here!

CryptoDiffer team

Q1: Can you introduce yourself to our community ?

CM at OMPHALOS, Davorin Bebek

I am Davorin, I spent last 5 years working as the marketing and community manager for various crypto projects and startups from different industries. Now I am helping Omphalos with communication and community part.

CryptoDiffer team

Q2: Can you briefly tell us what is Omphalos in 3-5 sentences?

CM at OMPHALOS, Davorin Bebek

Omphalos is an elastic supply cryptocurrency protocol built for web3 and Defi Applications. Our goal is to be the cornerstone of the DeFi universe.

Omphalos consists of five “pillars”:  Decentralized Bank, Council, Omphalos Spring, Omphalos Adesha, and Omphalos Proxeny.

CryptoDiffer team

Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?

CM at OMPHALOS, Davorin Bebek

Our main goal now is creating OMPL token and to organise successful fundraising. 

So plan looks like this for the upcoming period:

Q3 2020 – Launch of Omphalos Protocol and OMPL Token   

Q4 2020 – Launch of Omphalos Spring (Liquidity Mining) 

Q1 2021 – DAO Module Implemented 

Q3 2021 – Launch of Omphalos Adesha (Borrowing and Lending)

CryptoDiffer team

Awesome, a lot of updates to come out!

Thank you for great answers!

I think it is time to start community questions round!

Cryptodiffer Community

What motivated you to omphalos?

CM at OMPHALOS, Davorin Bebek

The reason we started with the project is that we believe that DeFi world needs a stable crypto that can be served as a base cryptocurrency for web3 and Defi applications and that has the cross interoperability. In that way, more people and institutions can join the defi movement, without the fragmentation and that is our way to keep decentralization on the first place.

Cryptodiffer Community

How does OMPHALOS offer strong incentives for traders/investors to join the network? Why is it a good option to choose OMPHALOS among the hundreds of DeFi coins that currently exist?

CM at OMPHALOS, Davorin Bebek

Holders of OMPL could receive more tokens via the daily automatic rebase process. Although the price remains stable largely, holders will actually own more OMPL. 

Besides, the rebase process may not kick in time, allowing room for upward price movement.

Community voting will allow holders to vote about future development, give them right to participate in the decision making and many more. Also 15% of the tokens are reserved for the community.

Cryptodiffer Community

AMPLEFORTH was not able to create a stable, DEFI based currency,

Then how OMPHALOS solve this ?

CM at OMPHALOS, Davorin Bebek

OMPL will have less volatility compared to other tokens with our daily rebase process, when the price goes up, users get more tokens in the wallet, when the price goes down, tokens will be subtracted. Bringing the price of OMPL always within a healthy stable range. 

The automatic rebase process will kick in when the OMPL coin price is above $1.06 ( increase supply) or below $0.96 (decrease in supply), to ultimately bring the token price back to a $1 equilibrium.  

Rebase happens every 24 hours.

For details of rebase process please visit: https://omphalos.co/rebase/

Cryptodiffer Community

Does your project have a local community for those who don’t understand english?

CM at OMPHALOS, Davorin Bebek

Sure, we are doing a lot of engagement with Asian communities specifically Vietnamese and Chinese. We also have our Brazilian community.

Cryptodiffer Community

Please explain your double validation and “true” randomization processes? How does this benefit the users of OMPHALOS?

What are the benefits of holding OMPL token as long term investment?Can you tell us about the motivation and benefits for investors to keep the OMPL token in the long run?

CM at OMPHALOS, Davorin Bebek

We would offer multiple financial derivatives for long-term holders. OMPL can be used in Omphalos Spring liquidity farming or be staked in Borrow & Lend of Omphalos Adesha. These options will provide long-term participants with lucrative profits. However, the unique feature is that we engage DAO in these profit-making projects. Our users can vote for how they would like staking to be or if OMPL should cooperate with CEX or DEX or that we develop our own staking platform. We don’t intend to limit ourselves in blockchain, and instead will try to bring our financial products to traditional organisations.

Cryptodiffer Community

Which area are you currently focusing on? (DeFi, Stake,Dapps..) and what’s your goals in this year ?

CM at OMPHALOS, Davorin Bebek

Main goals are creating OMPL token and organising successful fundraising, after that starting with liquidity mining program for this year.

Cryptodiffer Community

What Omphalos features might be of interest to larger traders? What is the strategy to increase liquidity? Maybe a CEX listing?

CM at OMPHALOS, Davorin Bebek

For sure our goal will be to be listed on DEX and top tier CEX. Some negotiations have already started and we will share updates on the time.

CM at OMPHALOS, Davorin Bebek

That’s all

Thanks on inviting me

Cryptodiffer TEAM

Thank you for your time! Great answers!

Thank you everyone who took part today!

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CryptoDiffer Admin
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