OMEGA NETWORK atime) ol Rea Tera acid1. INTRODUCTION The Omega Network (OMN Coin) project was born with the first goal of bringing blockchain to everyone by supporting the introduction, mining, and distribution of cryptocurrencies through smartphones. Our mission Build an OMN cryptocurrency and smart contract platform. Use decentralization of science, engineering, and technology to change the world and revolutionize people's Internet usage habits. Our Vision Build a one-layer trading platform with deep liquidity that connects traders, exchanges, institutions, DeFi platforms, wallets, and dApps. Furthermore, apply Web3 technology applications to life a) OMEGA TECH ey Omega Network is the product of the Omega Network Team's effort to create a true alternative currency similar to PI Network. We aim for OMN to become a gold coin and PI to be a diamond coin. Many alternative currencies have come and gone, and others have changed, but all have problems. Omega is known as the PI of all Altpi free because it has similar functions to Pl and acts as pre-SCP systems focusing on decentralization and security. SCP results from the Federal Byzantine Agreement and is a new consensus method using the Byzantine Fault Tolerance Protocol (BFT). Although there are similarities to PI's protocol, it differs in hashing algorithm.é Download on the2. TECHNOLOGY The main operation of Omega Network is similar to most decentralized payment technologies. It runs a decentralized network of servers with a distributed ledger that is updated every 2 to 5 seconds among all nodes. Omega Network's consensus protocol does not rely on the entire mining network to approve transactions. Instead, it uses the Federated Byzantine Agreement (FBA) federated consensus algorithm, which allows for faster processing of transactions. That is because it uses quorum slices (or part of the network) to approve and validate transactions. At the lowest level, Omega Network can be understood as a system for tracking ownership. It has a network of independent computers, each of which checks and reviews the work of the other computers. Omega Network is a system with no central authority, which means no one can stop the network or secretly adjust the numbers to his liking even without a central authority. The ledgers are verified and updated every 5 seconds. An algorithm called Stellar Consensus Protocol (SCP) keeps everything in sync. There are many ways to reach consensus on a decentralized system, Bitcoin's proof of work being the first and still the most well-known method. Because of being a pioneer, proof of work has many problems for improvement. SCP strives to be better by being configurable, faster, and energy efficient. 3. OMEGA NETWORK'S DIFFERENCE Omega Network is an open-source, decentralized payment technology built on the premise that the international community needs a global financial network open to anyone. Omega Network wants to make currency transactions cheaper, faster and more reliable than current systems. Additionally, their protocol connects people from all over the world by enabling more efficient cross-border payments. The current process for cross-border money transfers is a complicated one, It requires domestic banks to maintain accounts in foreign jurisdictions in local currency, and their correspondent banks must operate similar accounts in the country of origin. The Nostro-Vostro process, as it is known, for cross-border transactions with fiat currencies is a lengthy one involving account conversions and reconciliations. Blockchain omega can shorten or eliminate the delay and complexity involved because it allows for concurrent validation. According to David Maziéres, Stanford University professor and SCP creator, the protocol have modest computational and financial requirements. That admits organizations with minimal IT budgets, such as nonprofits, to join its network. From this fact that Omega Network was born. Omega Network shares many similarities with Ripple. Like Ripple, Omega Network is also a payment technology that aims to connect financial institutions and significantly reduce the cost and time required for cross-border transfers. Both payment networks use the same original protocol. Both systems also have fundamental differences. Ripple works with established banking institutions and banking consortia to streamline their cross-border remittance technology. Omega Network is focused on market development and enables multiple use cases for its technology, including remittances and loan distribution to unsupported banks. Omega intends to admit individuals' electronic devices to contribute at the protocol level and receive rewards, including mobile phones, laptops, and computers.4. OMEGA NETWORK ECONOMICS OMEGA CITY Token economics is essentially a new OnWeb3 way to stimulate human behavior. The main method of mechanism design is Mining Developer to designate a mechanism to Reward motivate actors to act rationally in a eesedlon fixed Acaitons oy . . . mining supply minted to support certain way, based on their capacity, minted per person ‘ongoing to produce the results expected by en a society. To add value to OMN, we ate encourage pioneers to exchange area real-life goods, services, and expertise Referral Connection with their OMN balances. In parallel, paseo aes " pentni ‘ we will deploy OMN listing on major minted per person ero an you get for referring an user. and shared b/w referrer and referee electronic exchanges for trading; integrate Web3 into our network to make transactions with Metamask and Trust-wallet easier. Omega Web3 is a feature we built to grow the economy in the OMN ecosystem. OMN Web3 will be a platform where users interact with the virtual and real world, complete tasks, and receive rewards. On the other hand, OMN seeks to strike a balance between popularity => and scarcity. We want to ensure that our users get more OMN when they contribute to the network. OMN's goal is to build an economic model that is sophisticated enough to achieve this priority while being universal for everyone to use. | mining rate. In addition, a part of the fee collected will be burned. Total burning does not exceed 3% of the total supply. The burning process will | be public and transparent to ensure that all users can know the my ' information through the blockchain browser. | 8 Quarterly amount of burning OMN based on community growth and |5. OMN MINING ROLES & POLICIES OMEGA TECH There are four roles of the OMN miner — massnson (oman 5.1. Pioneer Each participant will receive OMN at a determined OMN/h rate by entering the app and clicking the "Start" button once every 24 hours. You don't need to open the app after clicking the "Start" button and still automatically get the hourly OMN. You will stop receiving OMN after 24 hours until you click the "Start" button to start a new 24-hour session. You can also open the app to make a transaction. 400000, - | 00000 i a Boa > Pioneer's receive rate decreases as the number of Nodes increases 5.2. Ambassador An OMN mobile app user refers other users to the OMN network. They then provide a list of 5 pioneers they know and trust. These contributions will help the OMN network become globally trusted. When you forget your account, it is possible to recover the account by asking five people in the security circle to send information to OmCoreTeam (This part is related to the issue of account authentication, which we will implement in the Forth quarter of April 2023) 5.3. Validator The user is a pioneer, a contributor using the OMN mobile app and also running the OMN node software on their desktop or laptop computer. The OMN node software runs the core SCP algorithm, taking into account the trust graph information provided by the contributor. (we will launch in Q4/2023 when Pioneer rewards are low). 5.4. Trainer Trainers are people who understand Web3 and will join the OMN Web3 ecosystem. They are the leaders and lead their team, finding and exploiting NFTs. Please note that the Trainer role will perform soon. When OMN Web3 launches (Expected late the First quarter or in the Second quarter of 2023).6. KEY METRICS OMEGA 6.2. Omega Coin Distribution OMEGA TECH Staking Token Name Omega Network Ticker OMN beers Ueny Blockchain Omega Network; Stellar blockchain; ERC20; BEP20 Consensus Stellar Consensus Protocol (SCP) Type Utility + Governance ‘Avg. Block time 5 seconds Avg. Transaction Time | Over 1000 TPS Contract 0x7B75110aaad66c74bCObe931D4f02cD3822D8CE9 Total Supply 970,000,000 6.1. Total supply OMN was born with the primary goal of bringing blockchain to everyone through mining cryptocurrency with smartphones. The downside of smartphone mining is the high rate of inflation. Without an exact development roadmap, the number of coins mined will increase rapidly. It makes the mainnet unmanageable to succeed. By 2050 there will be about 9.7 billion people in the world. Our goal is for everyone to know Blockchain and Omega Network. Moreover, each person has the right to own 0.1 OMN. Our target is for the value of one OMN will equivalent to the world GDP per capita. So we calculated and came up with a viable number of coins. © Total supply: 970,000,000 OM (970 million coins) OMN Contract Partnership Financial insurance Omega Coin Distribution No % Deal Lock 1 65% | Distribution Mined coins are distributed to miners for 27 of shares years: 61,75% invite reward: 3.25% 2 5% ‘Seed - Initial Dally Vest over 22 months, Farm Offering | starting on day 61 afer listing (approx =5% per (IFO) month) 3 8% Private Daily Vest over 17 months, starting on day 31 after listing (approx = 6% per month) 4 2% TGE/IDO 20% directly after listing, 80% distributed linearly over 12 months approx. 6,6% per month 5 10% | Exchanges & | Tokens are 100% locked on exchanges to Liquiity create a supply. 6 5% ‘Staking Coins are paid to staking participants. 7 5% Financial This insurance fund supports property insurance compensation for users on the network, Lock 100% Tokens. 8 0% ‘OmCoreTeam | Omega is a project for the community. OmCoreTeam doesn't hold any tokens.—LL; —E=—E=—E&_~—Ee~ 6. KEY METRICS OMEGA OMEGA TECH | ©-3- Roadmap Timelines ROADMAP The First Quarter ‘Agile community building on existing social media channels (Twitter, Facebook) Launch the Premium version on Google Play and App Store 2022 2024 The First Quarter ‘OMN Launchpad protocol Launch The Third Quarter Optimization of the core function & stress tests px ising Sticker Market Launched Idea Beta Testnet clla OMN-Web3 CEX Listing Buyjand banOmesalcoins The Third Quarter Website Launch Whitepaper ANA Youtube sezooml Events ‘Stake OMN on-chain Execute the new proposal for ‘OMN Web3 phase 2-E) q Research, calculate and Deploy Contract of previ Conca aunety omeaae multi-chain, 2025 Plan to build a sustainable Seed - Initial Farm Offering (FO)| = We will continue to improve Digital Economy NFT Social Market Launched Marketing the ecology of OmCoreTeam The Second Quarter The Fourth Quarter The Second Quarter Research and Private Sticker Market Launched Expansion of partnerships development the TGE/1DO. Unlock coins for successful KYC with Exchanges multi-chain Blockchail Marketing people Release NFT exchange Launch OMN App on protocol Google Play (Beta Audit OMN Web3 metaverse test version) Develop ecosystem: Internal KYC OMN Launchpad protocol multi-chain deployment Legal registration Omega Wallet Execute the new proposal 2024 Ploy! — Develop ecosystem Yield OMN embedded in Multi-chain Blockchain wallet featured DEXs on different (BEP20 - ERC20) chains: Sushiswap, Uniswap, Listing on rating portals PancakeSwap, QuickSwap 20237. COMMUNITY ERA) intel mill nas mien Se OMTECH GROUP LTD Q Website : https://omtch.com/ = Mail =: cs@omtch.com 9 Address : 89 Grasmere Street, Leicester, United Kingdom, LE2 7DBOMEGA TECH