Omni Network to Hold Token Buyback

Name: Token Buyback
Start: 2025-05-15T00:00:00Z
End: 2025-05-16T00:00:00Z

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Omni Network reported that the Omni Foundation has repurchased 33.7% of the tokens originally allocated to private investors, accounting for 6.77% of the total OMNI supply and lowering private investor holdings from 20.06% to 13.29%.

Event date: May 15, 2025 UTC

What is coin (token) burn?

A coin (token) burn is a process of sending a certain amount of cryptocurrency to a public address that has unobtainable private keys. In the future, the sent coins cannot be spent, thus the coin burn leads to an overall decrease in the cryptocurrency circulating supply.

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