Introduction
Navigating the world of cryptocurrency can be complex, especially when understanding tokenomics. The OMI token, issued by ECOMI, is no exception. This guide breaks down the OMI token supply, explaining key concepts like circulating vs. non-circulating tokens, inadvertent lock-ups, and permanent removals.
Circulating vs. Non-Circulating Tokens
What Are Circulating Tokens?
Circulating tokens are OMI tokens available to the public, held in personal or exchange wallets. These tokens can be traded or used within the VeVe ecosystem.
- Current Circulating Supply: 270,951,644,947 OMI
- Maximum Circulating Supply: 310,882,499,574 OMI
Non-Circulating Tokens Explained
Non-circulating tokens were created to support the original token model but were never intended for public use.
- Initial Mint: 750 billion OMI
- Removed from Supply: 340 billion OMI (40B from Vault + 300B from Reserve wallets)
These tokens were permanently removed in September 2024 to ensure accurate tracking.
Factors Affecting OMI Token Supply
1. Inadvertent Token Lock-Up
A smart contract error in December 2020 locked 97,961,508,700 OMI for ~52,000 years. This effectively removed them from circulation.
2. Permanently Removed Tokens
Additional removals include:
GO-Chain Burns: 26.381B OMI
- Reserve OMI burned: 25,225,265,101
- Circulating supply reduction: 1,155,991,726
- VeVe Platform Usage: OMI spent on Gems is permanently removed.
- NFT Buyer’s Fee: A percentage of each transaction is burned.
Token Reporting and Transparency
Tracking the OMI Supply
Platforms like CoinGecko and CoinMarketCap list OMI, but discrepancies exist due to API integration issues. ECOMI provides data via:
- OMI Token Tracker (updated for accuracy).
- Official API feeds (pending full integration).
Why Accuracy Matters
Removing non-circulating tokens and standardizing burns ensures clear reporting for investors and users.
ECOMI and the VeVe Ecosystem
ECOMI’s OMI token powers the VeVe digital collectibles platform, which has sold over 10 million NFTs. Future utilities include:
- Enhanced NFT collection features.
- Exclusive perks for OMI holders.
👉 Explore VeVe’s latest NFT drops
FAQs About OMI Token Supply
1. How many OMI tokens are left in circulation?
The maximum circulating supply is 310.88B OMI, with 270.95B currently circulating.
2. Why were 340B tokens removed?
These were non-circulating tokens (Vault/Reserve wallets) removed to prevent future supply inflation.
3. Can the circulating supply increase?
No. The max supply is fixed at 310.88B, but it may decrease due to burns.
4. Where can I track OMI’s supply?
Use the OMI Token Tracker or CoinGecko.
5. What’s the role of the Business Development Fund?
It holds 39.93B OMI (12.8% of max supply) for ECOMI’s operational needs.
6. How does the NFT buyer’s fee work?
A percentage of each transaction is burned, reducing supply over time.
Conclusion
Understanding OMI’s token supply is critical for investors and users. With a clear max supply, transparent burns, and VeVe’s growing ecosystem, OMI is designed for long-term sustainability.
👉 Stay updated on OMI’s latest developments
Disclaimer: This content is educational only. Always conduct independent research.
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### Notes:
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