Omnia Protocol provides privacy-first access to blockchains. It decentralizes the node infrastructure required to read/write from blockchain, while rewarding the node owners.
DAO Approved Metrics
- Blockchain Network:Ethereum and BSC
- Token Supply:100,000,000
- Project Valuation:$25,000,000
- Initial Token Circulation:7,045,600
- Initial Market Cap:$1,761,400
- Public SHO:$100,000
- DAO Round:$100,000
WHAT IS OMNIA PROTOCOL?
Omnia Protocol is a decentralized infrastructure protocol for accessing the blockchain without risk, so that no single point of failure will ever disrupt blockchain applications or wallets integrating with it.
Reading and writing to blockchain shouldn't be centralized or managed, but rather performed in a decentralized manner, in which every node (mining/staking or non-mining/staking) should be incentivized to help with the access to blockchain, in a trusted and decentralized way.
Omnia allows anyone to earn rewards by hosting and maintaining a node on a specific blockchain.
Omnia has a strong focus on privacy which gives you untraceable access to the blockchain.
HOW DOES OMNIA PROTOCOL WORK?
MVP live at : app.omniatech.io
Omnia infrastructure consists of blockchain nodes and privacy relayers which act as decentralized API gateways for accessing the blockchain. These roles are not mutually exclusive. However, if one entity is both relayer and node owner then any request to this specific relayer will be routed to another node owner to preserve privacy at the infrastructure layer.
Omnia Protocol has two main features:
- Gives you untraceable access to the blockchain
- Turns any blockchain node into a revenue stream
The end users of Omnia can customize their own subscription, depending on the blockchain request rates they need. As a result, users receive access to secure RPC endpoints for any of the blockchain networks that are supported.
Node owners can register their nodes through a simple-to-use web interface provided by Omnia. These nodes are indexed by relayers who leverage mixnets to protect privacy.
Privacy is like hygiene — necessary but not sufficient. That's why it's important to also ensure that nodes deliver the performance they signed-up for and don't act malicious. Omnia Protocol sends random requests to nodes to check their performance, and if degraded as compared to what they initially committed to, they will have their reward reduced, proportional with the performance decrease. Thus, nodes are motivated to operate at the best of their ability in order to earn the highest rewards. There is, however, a minimum performance threshold that needs to be met.
Omnia Protocol also makes sure that every node behaves as intended by running a constant verification protocol to check if the data returned by the nodes reflect the reality agreed by consensus.
Node providers will stake OMNIA tokens in order to join the network. This stake will be slashed if nodes are misbehaving beyond agreed rules/metrics.
WHAT MAKES OMNIA PROTOCOL UNIQUE?
Even if only 0.71% of the world's population (65 million people) use blockchain technology at the moment (Source: 8-bit.io, Statista), this is actually an indicator for huge upside potential as blockchain technology is set to become even more mainstream in the upcoming years.
Based on market research, it is estimated that there are around 73 billion daily requests to blockchain nodes, with a double-digit CAGR. Pricing these requests at what existing node providers are charging Omnia Protocol can easily estimate the total addressable market (TAM) is at least $1 Billion, with a double-digit annual compound growth rate (CAGR).
Omnia's direct competition is represented by the node providers who currently serve the access to blockchain infrastructure. Two representative competitors are:
Bware Labs is a player that approaches this need of accessing the blockchain infrastructure from a decentralized point of view, by allowing full node owners to put their infrastructure to work for others.
Indirect competition mainly consists of other privacy infrastructure providers, ranging from Virtual Private Network (VPN) providers to anonymous communication solutions.
For example, Tor is leveraging a low-latency mix network to provide a 3-hop circuit that is designed to better protect privacy than a single-node VPN solution. However, this approach has one major fallback - does not obfuscate traffic patterns, which eventually leads to revealing the user's identity as relevant academic research activity has already proved (XZ21, LGMG17, MS17, CMMV17, RNZL17, BZN08, SZ12).
One of the technical objectives at Omnia Protocol is to make use of all of their academic and security research knowledge to augment mixnets with state of the art methods for timing obfuscation and decoy traffic injection solving the issue of privacy in the space once and for all.
By carefully designing the integration between blockchain nodes and privacy relayers with customer-centricity in mind, Omnia provides competitive incentives that have compounding effects to the entire ecosystem.
Omnia's competitive advantage consists in their ability to identify, extract and integrate value from state of the art research results, thus being enabled to drive the marginal costs close to zero when it comes to accessing the blockchain.
"We are confident that in a not so distant future, Omnia Protocol will be the natural choice for accessing any blockchain in a trustworthy and fail proof manner, regardless of the network or devices. We want to be an inspiration to the blockchain ecosystem, by pushing the gate beyond its existing limitations so that others can innovate beside us."
OMNIA PRODUCT ROADMAP
OMNIA PROTOCOL REVENUE STREAMS
Omnia coin has the powerful advantage over its competitors that it's the first hero contract in line to close the privacy gap between on-chain and off-chain activity. With unshakable added value that differentiates them from other centralized node providers, users will choose Omnia Protocol's trustworthy services orchestrated by the token, thus giving utility to it.
For the initial phase, Omnia Protocol will collect a third of the subscription fees paid by every consumer of their solution. Subscriptions are paid in OMNIA crypto tokens. The research shows this to be an optimal ratio, but it may be subject to change - only for better incentives schemes, expanding the community and adoption. The other two thirds are used for rewarding node providers and deflationary token burn.
The features and advantages for the node providers and privacy providers are going to be free.
TECHNOLOGIES USED AND CREATED BY OMNIA PROTOCOL
This project is built using Smart Contracts (Solidity) that are deployed on the Ethereum blockchain. It will also be deployed at a later stage on other EVM-compatible networks such as Binance Smart Chain and Polygon.
Funds and wallets with key decision roles are secured using FIPS 140-2/CC EAL4+ certified Hardware Security Modules (HSM) or Hardware Ledgers and multi-sig contracts.
Privacy relayers leverage mixnets and asymmetric cryptography to secure the anonymous communication network. Privacy enhancing technologies such as Zero-Knowledge Proofs are also used to enable secure endpoint authentication and subscription validation.
RPC endpoints use either HTTP/s or Websocket JSON RPC interface. Web dashboard uses modern technologies such as React/Angular/NodeJS/ExpressJS.
The service-oriented architecture (SOA) structural style will be the main design choice, combined with Docker containers to ensure a cloud-first approach and facilitate compute elasticity for horizontal scaling when needed.
OMNIA PROTOCOL MARKETING STRATEGY
Due to the way Omnia Protocol is built, every onboarded node and privacy relayer increases the privacy and the performance of the entire system. Therefore, the larger the pool of nodes gets, the stronger the value offer for the user builds. These counterparts are complementing each other, as the increase of users who pay for the services will deliver higher rewards to the nodes.
The OMNIA token IDO is set to happen on DAO Maker launchpad before listing on exchanges. This is for the purposes of a successful OMNIA coin launch.
"We consider the developer community to be essential for our growth as they are the torchbearers for adopting a specific technical solution in the companies/projects they work. We will also create affiliate and referral programs as market penetration strategies, along with influencer marketing that can help instill trust in our product."
Stage 1 - Bootstrapping adoption and awareness
- Kickstart adoption by participating in hackathons and competitions to offer sponsorships and prizes that consist of Omnia Protocol free subscriptions. The main scope is to facilitate the developers' access to blockchain infrastructure.
- Vetting and approaching influencers and media channels (such as popular blogs) that have high and active following and an unblemished reputation in the crypto community, to minimize risk. They will spread awareness and refer their audience to join. The target audience includes both users and node owners. The affiliates will be compensated în OMNIA crypto tokens based on their performance to launch the cryptocurrency;
Stage 2 - Focus on product differentiation - highlighting the privacy narrative
- Build long-term relationships with partners and influencers that have the same values as Omnia, leveraging their reputation and become brand ambassadors. This will strengthen the brand and the privacy-focused value proposition;
- Engage and grow community angels that will further spread information about Omnia IDO news on social media, forums and discussion channels. These angels will be the extension of their team in the community and assume multiple responsibilities, such as answering questions on the main forum, explaining new features or updates on their social media accounts - benefiting from great compensation for their time and effort, by receiving OMNIA tokens as a fixed fee.
Stage 3 - Focus on cost and rewards leadership - expanding market share
- Extend the reward system to include incentive plans, airdrops and gifts for inviting users and other growth hacking techniques;
- Marketing push with the Omnia's competitive staking rewards for node owners;
- Deployment of "performance increasing" features that allows gaining competitive advantage of price/quality ratio.