The $OMO token is the native utility token of the FROMO platform, designed to power the entire ecosystem and provide value to all participants.
Token Overview
- Total Supply: 1,000,000,000 tokens
- Blockchain: Berachain
- Token Type: Utility and Governance
- Key Functions: NFT redemption, staking, governance
Token Utility
$OMO serves multiple essential functions within the FROMO ecosystem:
- NFT Redemption: $OMO tokens can be used to redeem/buy NFTs from the reserve pools
- Staking for Governance: Token holders can stake $OMO to participate in platform governance
- Empowering NFTs: Creating additional utility for NFTs within the FROMO ecosystem
- Protocol Incentives: Rewarding participation and contribution to the platform
Token Emission
New $OMO tokens are primarily emitted through the key conversion process:
- Players mint keys to participate in FROMO games
- At the conclusion of each game, key holders can convert their keys to newly emitted $OMO tokens
- This creates a sustainable emission schedule tied directly to platform activity
Token Distribution
The initial token distribution is designed to ensure a fair and sustainable ecosystem:
| Allocation | Percentage | Purpose |
|---|---|---|
| Ecosystem Growth | TBD% | Incentivize platform adoption and usage |
| Team & Advisors | TBD% | Compensate team members and advisors |
| Community Treasury | TBD% | Fund community initiatives and development |
| Strategic Partners | TBD% | Support strategic partnerships |
| Initial Liquidity | TBD% | Ensure market liquidity |
Note: Exact percentages will be announced closer to token launch
Governance
$OMO token holders can participate in platform governance by:
- Voting on whitelisted projects that can use FROMO
- Proposing and voting on protocol parameter changes
- Participating in treasury allocation decisions
Staking Rewards
Staking $OMO provides several benefits:
- Earning additional rewards from protocol fees
- Gaining governance rights over the platform
- Obtaining premium features and benefits
Long-term Sustainability
The $OMO tokenomics are designed with long-term sustainability in mind:
- Demand Drivers: Multiple use cases create ongoing demand for the token
- Supply Control: Emission tied to platform activity prevents inflation
- Value Accrual: Protocol fees and NFT redemption mechanics drive value to token holders
- Governance Rights: Decision-making power incentivizes long-term holding
Learn more about:
- Game & Token Mechanics - How tokens interact with game mechanics