At 09:00 AM UTC on February 15th, the Open Meta Trade (OMT) project appraisal voting event officially ended. Result details:
- “Yes” Rate: 58.56%, equivalent to 3,230,656 votes
- “No” Rate: 41.44%, equivalent to 2,286,246 votes
Thanks to a useful product model and strong development potential, the Open Meta Trade (OMT) project has officially reached 5,516,902 vONUS voting, promising to become the most interested project on ONUS in the near future.
With the “Yes” votes accounting for more than 50%, ONUS would like to congratulate the Open Meta Trade (OMT) team on officially qualifying to deploy Launchpad on ONUS.
The ONUS team will have a detailed announcement about the opening sale soon.
Note: Projects on ONUS Launchpad are released by ONUS partners, ONUS only acts as an intermediary platform to support token sales to the community. ONUS has no obligation to guarantee the exchange rate of the token after the open sale event but entirely depends on the market. Investors should carefully learn the information about the project and take responsibility for your investment decisions.
About Open Meta Trade & OMT Tokens
Open Meta Trade (OMT) is a decentralized Spot and Futures exchange that operates on three networks Arbitrum, ONUS Chain, and BSC. It allows anyone to easily trade derivatives of BTC, ETH, and other assets with up to 50x leverage. So what is the difference between OMT and traditional derivatives exchanges?
- Low transaction fees
- No price impact, no funding fees
- Users own and manage 100% of trading assets
- Asset prices aggregated using Oracle (on-chain data)
- Trade directly with a user-provided multi-asset liquidity pool
The unique feature of Open Meta Trade is that it is a dual token system comprised of OLP as a liquidity token and OMT as an administrative and utility token. Owners can stake OMT and OLP to receive a 100% profit share from the platform and other extended privileges.
Furthermore, Open Meta Trade has a multi-tier referral mechanism. In addition to trading commissions, people can earn rewards for referring friends to staking and providing trading liquidity on the same platform. Open Meta Trade is currently in the final stages of product development and is scheduled to go live in March 2023.
OMT is the utility and governance token of the platform. OMT holders can participate in voting on proposals to help determine the future direction of Open Meta Trade. Those who stake OMT tokens simultaneously receive three different rewards. In particular, which includes 30% of the entire system fee that Open Meta Trade collects. This fee comes from market making, exchange fees and leveraged trading.
