Token Locks Finalized

Building Trust Through Transparent Token Allocation

OmniTensor has successfully implemented the token lock plan for the OMNIT tokens, securing the long-term stability of the project. This step reflects our ongoing commitment to transparency and ensures that the community is well-informed about how tokens are allocated and released. By locking the tokens across key categories, we provide clarity on the vesting schedules and how this approach supports the overall growth of the platform. Below, we detail the structure of these token locks and what they mean for the future of OmniTensor.

Why Token Locks Matter

Token locks help create trust by ensuring that significant portions of tokens cannot be accessed immediately. This protects the platform from sudden market movements that could destabilize the token’s value. By locking tokens for the team, advisors and development efforts, we also align everyone’s interests toward the long-term success of OmniTensor.

Overview

Here is a detailed breakdown of the token locks across various categories:

1. Mining and Compute Rewards (30% of total supply)
Wallet Address: 0x29AE970A435Dc632FcD0d522959Cc20366661827
Lock transaction: https://etherscan.io/tx/0x18459bcef5e98444fa8ee4b402f9a5ff7f37e1ee2a9d380af8984bd5e9844e9f

• Total Allocation: 300,000,000 OMNIT
• Unlocked Tokens: 30,000,000 tokens will become available in 1 month to support the initial phase of compute rewards, if needed.
• Vesting Schedule: The remaining 270,000,000 tokens will be unlocked gradually over 11 months.

2. Development and Ecosystem Growth (10% of total supply)
Wallet Address: 0x5F23278dF299944aeeDe03E26d878F5E8C48DFfE
Lock transaction: https://etherscan.io/tx/0x4f447fa5dce48f08ea3c8dad5a836e5c06a814530ab99dd005494c9c14b2f41f

• Total Allocation: 100,000,000 OMNIT
• Vesting Schedule: Tokens are released steadily over a 12-month period, ensuring the ongoing development of the OmniTensor platform.

3. Community Incentives (8% of total supply)
Wallet Address: 0x5f9904168c44D2e17C8c2Ff518db031FfdA0A6B0
Lock transaction: https://etherscan.io/tx/0x5260fc0d65ce929bfdc60c961f1f6254370afd55e549077984510438759b7706

• Total Allocation: 80,000,000 OMNIT
• Unlocked Tokens: 20,000,000 tokens will be available in 1 month for the first community campaign.
• Vesting Schedule: The remaining 60,000,000 tokens will unlock linearly over 11 months to ensure continued engagement and rewards for community involvement.

4. Strategic Partnerships & Business Development (15% of total supply)
Wallet Address: 0xe1Ce4B61858Ab4EDE243896F6fBD48F9326b9048
Lock transaction: to be locked.

• Total Allocation: 150,000,000 OMNIT
• Lock Status: These tokens are not yet locked, as ongoing discussions with partners are still taking place. Full details will be shared once final agreements are made.

5. Reserve Fund (2% of total supply)
Wallet Address: 0x5F08e749EB549FC38B99E1Ffe43C586235d8703c
Lock transaction: https://etherscan.io/tx/0x4a2ac2a975d6fafd43d3e82156c29382cef9c73ffc84c83fb609f238f6576d68

• Total Allocation: 20,000,000 OMNIT
• Vesting Schedule: These tokens will be unlocked evenly over 12 months, providing a buffer for unforeseen circumstances or future opportunities.

6. Team & Advisors (5% of total supply)
Wallet Address: 0xb4578cef85213d9cF6572611903771bdcAAa711c
Lock transaction: https://etherscan.io/tx/0x69d444660ce3056ffcd7b74ce3b65972f6d957ac5400b9f2e06d8953f51505f4

• Total Allocation: 50,000,000 OMNIT
• Vesting Schedule: These tokens will unlock over a 12-month period, ensuring long-term commitment from the team and advisors.

Vesting and Unlocking Schedules

The token unlock schedules have been thoughtfully designed to support the needs of the platform and prevent any sudden influx of tokens into the market. Here’s a summary of the schedules:

Strategic Partnerships: Pending Locks

The tokens reserved for strategic partnerships and business development are not yet locked. We are currently in discussions with potential partners and as soon as agreements are finalized, we will announce the locking and vesting details. These tokens will be managed carefully to support long-term relationships and the growth of the platform.

How the Community Benefits

The structured approach to token locks brings several benefits to the community:

• Locking tokens reduces the risk of large token dumps, helping to maintain price stability.
• The vesting schedules ensure that the interests of the team, advisors and other key stakeholders remain aligned with the growth of OmniTensor.
• By releasing tokens gradually, the community can see a clear and predictable supply schedule.

The token lock mechanisms implemented for OMNIT are an essential part of ensuring long-term stability and fairness. By controlling the release of tokens through structured vesting periods, OmniTensor is well-positioned to foster sustained growth while maintaining transparency. Stay tuned for more updates as we continue to build and evolve the platform.