A decentralised invoice financing solution for a connected world.
While Omega One faces technological development risk, heavy competition and significant balance sheet risk, the company still has the potential to become a leading liquidity provider for cryptocurrency markets. Even though Quoine Liquid has a first-mover advantage, Omega One’s emphasis on balance sheet build-up may give the company a strong competitive advantage when courting institutional customers – they’ll be able to handle a higher volume of trades as compared to Quoine.
With roots in both Wall Street and blockchain technology, support from Morgan Stanley’s former CEO and a working partnership with ConsenSys, we couldn’t ask for a better team to deliver the innovative trading platform that they’ve promised.
Still, the marketing efforts from the team leave a lot to be desired. With little communication outside Telegram or any significant community development amongst investors, the dearth of activity is one of the project’s major weak points.
The competition posed by other decentralized exchanges that offer similar features is fierce. If the platform doesn’t catch on with institutional investors, it will lose a significant edge over other contenders.
Despite the apparent weaknesses, the Omega One ICO holds promise. With the ICO postponed until Q2 2018, the team still has a chance to build hype and grow the community.
As the ICO is still at an early stage, we are still waiting on more information before making a decision on whether or not we plan to contribute to the Omega One ICO. We will update this report as well as our final verdict once this information becomes available.
For now, keep an eye on this one!
Omega one has an all-star team, and it has advisors from large financial Wall Street institutions. They are currently working on the product and plan to launch it in summer of 2018 prior to their ICO. The market is very competitive, but Omega One is oriented toward big players and toward creating a decentralized exchange. It is hoped that in the future this exchange can replace the centralized exchanges.
The hardcap is expected to be really huge (over $100mln) and Omega One has already attracted most of it from institutional investors. The team says "we will be postponing our token sale until our technology is available to users, in 2018." So, we are still not aware of final fundraising goal and other tokemetrics, also there is a chance that crowd-sale will be cancelled. So, we come out with 7 out of 10 with the mark "keep watching" till we find out all the details of ICO.