PANews reported on May 16 that according to an announcement by Omni Labs, the Omni Foundation announced that it would repurchase 6.77 million OMNI tokens (accounting for 6.77% of the total supply) from early investors at a discount, reducing the proportion of investors' holdings from 20.06% to 13.29%. The repurchase funds came from the foundation's $18.1 million seed round and Series A financing.
The repurchased tokens will be transferred to the "Community Growth" pool, reducing the total holdings of investors, consultants and core contributors from 48.56% to 41.79%. This operation follows the established lock-up terms and refers to the community priority allocation model of projects such as Hyperliquid, aiming to optimize the token distribution structure. The current market price of OMNI is at a premium to the repurchase price.
