The Omni Foundation has repurchased 6.77 million OMNI tokens from early investors, representing 6.77% of the total supply

PANews, May 16th news, according to the announcement from Omni Labs, the Omni Foundation announced the repurchase of 6.77 million OMNI Tokens (accounting for 6.77% of the total supply) at a discount from early investors, reducing the investor's holding ratio from 20.06% to 13.29%. The repurchase funds come from the foundation's $18.1 million seed round and Series A financing. The repurchased tokens will be transferred to the "Community Growth" pool, resulting in a decrease of the total holding percentage of investors, advisors, and core contributors from 48.56% to 41.79%. This operation follows the established lock-up terms and references the community-first allocation model of projects like Hyperliquid, aiming to optimize the token distribution structure. Currently, the market price of OMNI has a premium compared to the repurchase price.