OmniCoin is the Cryptocurrency of the OmniBazaar Marketplace

OmniBazaar is an OPERATING e-commerce marketplace developed using our PATENTED technology. OmniBazaar provides an “on-ramp” to both e-commerce and cryptocurrency adoption for billions of "un-banked" consumers, by allowing users to "barter for bitcoin". People without a bank account or credit card can now barter a product or service to immediately receive OmniCoins, Bitcoins or Ether.
.
The OmniBazaar ecosystem includes its own built-in cryptocurrency (“OmniCoin”), reputation tracking, escrow agents, an influencer marketing system, social messaging, and user incentives for participation and growth.
.
OmniBazaar can serve over two billion people who currently cannot use Amazon, eBay or Alibaba. We have a working software product with 10,000 registered users, a distributed marketplace with hundreds of product and service listings by users in more than 30 countries, and real sales in the marketplace. And, our OmniCoin tokens have an established value in that marketplace. The OmniBazaar/OmniCoin software is available in 17 languages.
.
With OmniBazaar, online buyers benefit from lower prices, and escape from "big data" tracking and "push" marketing. Social influencers enjoy a simple referral system that allows them to monetize their social networks. Users can make money by publishing listings for other user or providing escrow services in the marketplace.

WHY OMNICOIN?

Fast Transactions

OmniCoin can process over 50,000 transactions per second – more than Visa and Mastercard combined. Confirmation of transactions occurs in less than 10 seconds. This gives OmniCoin the ability to serve the e-commerce market on a global scale.

Easy to Use

Transactions take seconds instead of minutes, so OmniCoin is business-friendly. Transaction processing uses relatively little computing power, so OmniCoin is eco-friendly. And, with OmniCoin, you can send and receive coins using an account name instead of a string of numbers. This makes OmniCoin user-friendly.

Advanced Consensus System

Proof of Participation (PoP) is a new cryptocurrency security protocol. One component of PoP is the Distributed Proof of Stake (DPoS) protocol of Bitshares. We have extended and expanded DPoS by including four other metrics. The software uses these metrics to determine which group of users may process transactions. PoP entrusts the processing of transaction only to the most active marketplace users. These users would have the most to lose by trying to hack or attack the blockchain.

Utility in the Marketplace

OmniCoin tokens allow users to buy and sell quickly and easily in the OmniBazaar marketplace. They also facilitate the escrow process, registration of listings, and the reputation system in the marketplace. You can earn OmniCoins by performing services in the OmniBazaar marketplace, but they do not confer any ownership, dividends or control of the system. OmniCoins are designed to be a utility, not a security.

Promotional Token Distribution

Giving coins to new users paves the way for immediate use of the marketplace, as well as long-term growth. We developed a simple, robust, transparent process for seeding our user base with OmniCoin tokens. This distribution of free tokens is an important part of our roll-out strategy. OmniBazaar will distribute approximately 26% of all tokens as incentives for user acquisition.

Distributed Escrow

OmniCoin has an escrow module to allow volunteer users to mediate between buyers and sellers who do not know or trust each other. We have implemented the OmniCoin escrow feature using 2-of-3 multi-signature transactions. It is easy to use and has a distributed network of escrow agents. Users pay a small fee to the chosen escrow agent when they choose to use the escrow feature.

Dynamic Account Permissions

This creates a hierarchical structure that reflects how permissions are organized in real life, and makes multi-user control over funds easier than ever. Multi-user control is the single biggest contributor to security, and, when used properly, it can virtually eliminate the risk of theft due to hacking.

Decentralized Cryptocurrency Exchange

Trade cryptocurrencies without the need to trust a central site. Buy and sell cryptocurrencies locally, without a middle-man.

DISTRIBUTION

TOTAL 25.0 Billion

USER BONUSES

Welcome Bonus

Users receive a bonus in OmniCoins when they install OmniBazaar and register their user name. Limit: one bonus per computer. The maximum number of coins emitted as a result of this bonus will be 1.4 Billion coins.

Welcome Bonus

USER NUMBER COINS PER USER TOTAL COINS
1-1,000 10000 10 Million
1,001-10,000 5000 45 Million
10,001-100,000 2500 225 Million
100,001-1,000,000 1250 1.125 Billion

Referral Bonus

Users receive a bonus when someone they referred installs OmniBazaar and registers as a new user. The maximum number of coins emitted as a result of this bonus will be 3 Billion coins. Note: Some users may not refer other users. Therefore, this bonus will continue until bonus coins are depleted.

Referral Bonus

USER NUMBER COINS PER USER TOTAL COINS
1-10,000 2500 25 Million
10,001-100,000 1250 112.5 Million
100,001-1,000,000 625 562.5 Million
1,000,001-Until Depleted 312.5 2.3 Billion

First Sale Bonus

Users are rewarded when they make their first sale in the marketplace. In order to earn this bonus, they need to create at least one listing in the marketplace, and sell a product or service to another user. This bonus is received only by sellers. Limit: One per buyer/seller pair. The maximum number of coins emitted as a result of this bonus will be 2 x 10 coins. Note: Not every user who joins will make a sale. Therefore, this bonus will continue until funds are depleted.

First Sale Bonus

USER NUMBER COINS PER USER TOTAL COINS
1-100,000 500 50 Million
100,001-1,000,000 250 225 Million
1,000,001-10,000,000 125 1.125 Billion
10,000,001-Until Depleted 62.5 0.600 Billion

DEVELOPMENT ROADMAP

Marketplace proof of concept
Q4 2015 (Done)
Integrate OmniCoin with OmniBazaar marketplace
Q1 2016 (Done)
Distributed escrow system
Q2 2016 (Done)
Distributed reputation tracking
Q3 2016 (Done)
Distributed user communications
Q4 2016 (Done)
User bonuses and incentives
Q1 2017 (Done)
Alpha testing
Q2 2017 (Done)
Private beta test
Q3 2017 (Done)
Public beta test
Q4 2017 (Done)
Improve ability to scale & new UI
Q2 2018 (Done)
Launch OmniBazaar/OmniCoin
Q4 2018 (Done)
User Acquisition / Air-drop
Q1 2019 (Done)
OmniBazaar Private Placement Angel Funding Round (Pending)
2020 (Done)
OmniCoin Exchange listings
Q1 After funding
Add Hashed Time-Locked Contract Functionality (HTLC)
Q2 After funding
Mobile Apps (Android & IOS)
Q2 After funding
Browser Plug-ins
Q2 After funding
Develop Bridge to Polkadot
Q3 After funding
P2P Cryptocurrency Exchange
Q4 After funding
User-issued Assets
Q8 After funding

TEAM AND ADVISORS

OmniBazaar CEO, Co-Founder, Director -- OmniCoin Director

Rick has a master's degree in Engineering from Stanford University, 30+ years of entrepreneurial experience, 15 years as a securities broker dealer Branch Manager and Securities Principal, and 8 years managing software development.

https://www.linkedin.com/in/rickcrites

Richard Crites

OmniBazaar CEO, Co-Founder, Director -- OmniCoin Director

OmniBazaar Co-Founder, Director

Bill holds an MBA in Finance from the Stanford University Graduate School of Business, and is a Chartered Financial Analyst (CFA). He has over 30 years of experience in finance, including 14 years as CFO of Internet and high-tech companies.

https://www.linkedin.com/pub/bill-moon/7/652/748

Bill Moon

OmniBazaar Co-Founder, Director

OmniBazaar Co-Founder, Director

Dave has and MBA from Northwestern University’s Kellogg School of Management, Bachelor’s in Electrical Engineering, 15 years of experience in software, electronics, and semiconductor industries, and experience drafting and prosecuting patents.

https://www.linkedin.com/pub/dave-crites/1/91a/baa

David Crites

OmniBazaar Co-Founder, Director

OmniBazaar Co-Founder, Advisor

Chuck has a Bachelor’s degree in Electrical Engineering and 25 years of leadership in Business Development, Sales Management, and Marketing in telecommunications and Internet technology companies (Hewlett Packard, Agilent, and Digital Lightwave).

https://www.linkedin.com/in/loadstonetech/

Chuck Koch

OmniBazaar Co-Founder, Advisor

Director -- OmniCoin Foundation

Yusuf is a graduate of the Bilkent University School of Business Administration. He is a co-founder of TokenDrops.com and Head of Sales at TokenSuite.com. Yusuf provides marketing guidance for OmniCoin.

https://www.linkedin.com/in/yusuf-kaya-90b41110b/

Yusuf Kaya

Director -- OmniCoin Foundation

Advisor -- Marketing

Omer was instrumental to the establishment of TokenSuite, one of the most successful marketing agencies in the blockchain space where he holds the CEO position. He is one of the oldest active members of Bitcointalk.

https://www.linkedin.com/in/ali-%C3%B6mer-horzum/

Ali Omer Horzum

Advisor -- Marketing

Attorney -- U.S. Legal Advisor

Kaiser counsels OmniBazaar on corporate structuring, securities law, and investor agreements. He also drafted our technology, end-user licensing, and privacy agreements.

https://www.linkedin.com/in/kaiserwahab/

Kaiser Wahab

Attorney -- U.S. Legal Advisor

Desktop Wallet and Blockchain Developer

Alexey was responsible for the project's blockchain back-end work in C++. He is also experienced in C, C#, Python, OpenCL, OpenGL, QML, Qt, OpenCV, and .Net technologies.

http://linkedin.com/in/alexeymarkarov/

Alexey Markarov

Desktop Wallet and Blockchain Developer

C++ OmniCoin Developer

Nikita is a web/iOS client developer with blockchain experience. His core competence is BitShares/OmniCoin blockchain, Javascript (React.js) and iOS.

https://www.linkedin.com/in/nikitakunevich/

Nikita Kunevich

C++ OmniCoin Developer

Lead Developer

Alan is our Technical Lead. He supervised the development of both back-end (blockchain nodes and publisher servers) and front-end.

https://www.linkedin.com/in/alan-omarov-94657017/

Alan Omarov

Lead Developer

Java Lead Developer

Muhammad is a full stack web developer with knowledge and experience using Ruby, Javascript, Mysql, Access, and Oracle databases.

https://www.linkedin.com/in/ateq-rana-61960953/

Muhammad Ateeq Rana

Java Lead Developer

Back-end Developer

Denis is a lead developer on the OmniCoin wallet. His main areas of expertise are Electron, React.js, Python and Javascript.

https://www.linkedin.com/in/denis-samokhvalov-450691116/

Denis Samokhvalov

Back-end Developer

Database Developer

Andrei worked in C++ and CouchBase. He is also familiar with Java ,C, Lua, QML, Qt, MFC, Matlab, MySQL, SQLite, PostgreSQL, and 3D Graphics.

https://www.linkedin.com/in/andrei-pak-14272179

Andrei Pak

Database Developer

Web and UI Developer

Gor is familiar with both front-end and back-end technologies. He worked on the React-redux and Electron.js user interface.

https://www.linkedin.com/in/gor-shipaktsyan-528aa759/

Gor Shipaktsyan

Web and UI Developer

Web and UI Developer

Rafayel worked in React.js, Redux, Bitshares.js, and Node.js on the OmniBazaar UI. He also integrated the Telegram, Twitter, MailChimp, and KYC/AML verification modules.

https://www.linkedin.com/in/rafayel-alaverdyan/

Rafayel Alaverdyan

Web and UI Developer

Web and JavaScript Developer

Hai worked on the OmniBazaar UI using React.js and Ether.js. He is also proficient in C#, .Net, BlockC, AngularJS, and Jquery.

https://www.linkedin.com/in/haivm/

Hai Vuong

Web and JavaScript Developer

JavaScript and Ether Wallet Developer

Dardan used Javascript to work on the Ether wallet. His coding skills also include Ruby, Java, and C++ languages.

https://www.linkedin.com/in/dardan-lladrovci-803a93112

Dardan Lladrovci

JavaScript and Ether Wallet Developer

JavaScript Developer

Tu used React and Redux on the OmniBazaar front-end and NodeJS on the back-end. He is also experienced in Android and iOS systems.

https://www.linkedin.com/in/tutranphuoc/

Tu Tran

JavaScript Developer

Project Manager

Martha is the Project Manager overseeing multiple OmniBazaar and OmniCoin projects to ensure they are done according to specifications and within budget.

https://www.linkedin.com/in/marthaflorea/

Martha Florea

Project Manager

Graphic and UI Designer

Eugen was responsible for the visual design and UX improvements for the OmniCoin app.

https://www.linkedin.com/in/evgenyi-lapshin-a6a23bb4/

Eugene Lapshin

Graphic and UI Designer

Front-end Developer

Maria developed the OmniBazaar wallet UI. She is a specialist in React.js, Redux, Electron, and Flexbox.

https://www.linkedin.com/in/mayauribe/?locale=en_US

Maria Alejandra Uribe

Front-end Developer

Back-end Developer

Dejan worked on the C++ blockchain part of the wallet, and its connection to the React.js user interface.

https://rs.linkedin.com/in/dejanzivkovic90

Dejan Zivkovic

Back-end Developer

Website Design

Creative Web Designer. UI/UX specialist.

https://au.linkedin.com/in/martin-wright-b3744191/

Martin Wright

Website Design

PARTNERS

TokenSuite

TokenSuite


Marketing and Public Relations

Scopic Software

Scopic Software


Software Development

Sum & Substance

Sum & Substance


KYC/AML/CFT Verification

CryptoCompare

CryptoCompare


Cryptocurrency Price Feeds

CriptoMonedase

CriptoMonedase


Spanish Language Promotions