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Omega Finance Enables you to buy any international stocks with your crypto from any country, We also have a Stablecoin $ODC which will be backed by eth and once the eth in the vaults double, we increase the price to 2$ , it will be also the most transparent stable coin.

MaticNews x Omega Finance AMA Recap and Transcript

MaticNews: What are your past experiences and roles? How many members currently work on omegastocks.finance/OMG/?
OmegaFinance: We have 2 core team members im the dev and project manager, APE is the brains behind how alot of our tech works etc.

I've had successful projects in the past and currently still have a project going one year down the track…

Been in crypto now for 3 years, so im not new but i aslo am not one of the old school.
MaticNews: Out of curiosity, why did you choose this name? Is there any background story?
OmegaFinance: We wanted something bold!
A strong name.

OMEGA FINANCE

But also wanted to have meme potential so we made the ticker OMG and get the Degens attention too!
MaticNews: What is OmegaStocks? Please give us a brief introduction of the project and of the ecosystem
OmegaFinance: Omega Finance Enables you to buy any international stocks with your crypto from any country, We also have a Stablecoin $ODC which will be backed by eth and once the eth in the vaults double, we increase the price to 2$ , it will be also the most transparent stable coin.

Our main utility is the stocks for now.. first of its kind to be able to buy stocks with no kyc and to trade 24/7
MaticNews: On what chain is OmegaFinance currently available? Is there any plan to expand to new ones?
OmegaFinance: Our Coin is on Ethereum , While stocks are on BSC to avoid gas fees , we plan to migrate to other chains in the future. We can build almost anything.
MaticNews: What are the current stock market issues? And how do you aim to resolve them?
OmegaFinance: Currently Stock Markets have lots of Regulations and limitations , Retail investors can only buy domestic stocks , FDI regulations for foreign are also a lot , making it possible for only a few Institutional Investors to invest in International Markets.

We broke all the walls down making it possible for you to just connect a wallet an trade stocks. We resolve them by bringing the stocks on the blockchain with zero limits… we have fixed the issues regular stocks have. Have made it so much easier to now trade..
Its just about letting the world know what we are doing and getting it out there.
MaticNews: Key question: what are the synthetics tokens?
OmegaFinance: Synthetic tokens are the tokens which are not real but follow the price action of the real ones , For example our tesla tokens price is always equal to real tesla stocks…

Our price just mimics other prices. Of whichever we choose.
MaticNews: Effective and clear, so potentially you can tokenize all stock market?
OmegaFinance: Yes 100% we can mimic anything, that's the beauty of smart contracts, and the swap we have built.
MaticNews: Talking about your core, will you tell more about what is the use case of your native token OMG ?
OmegaFinance: We will burn $OMG tokens from the fees on the swap  , more utility will be added soon

So invest in OMG if you believe in our idea of bringing crypto and the stock markets together..
Because the more volume we get into our swap… we will buy back and burn our native token, that's what the swap taxes are for.
MaticNews: What is the mechanism that you chose to ensure a price stability and security?
OmegaFinance: We ensure price guarantee by setting fix rate on the swap which is fetched from api calls via chainlink.

We can not change the contract once we have deployed it.. its all controlled by the smart contract. We are not in control, nobody controls it, for it to fail, crypto would have to fail. It is governed by the Smart Contract.
MaticNews: Now that everything is clear, how can we join your protocol?
OmegaFinance: you can trade our stocks now on our website using BNB on BSC … takes 1 minute to buy anyone of our stocks here https://omegastocks.finance/omg/
MaticNews: Next is tokenomics! What is yours and why did you choose it?
OmegaFinance: We started with 10% both ways, and we have slowly dropped it down, we are now 4/4 and plan to go to 0% within the next few months. We will make money off our swap for funding (2% tax on any stock swap).
MaticNews: Besides this, how is revenue being generated for the project itself that could be used on future development?
OmegaFinance: From our taxes, and i also self fund alot of it, the other day… i spent $1700 usd of my money on listing tesla tokens on pancake swap. But I believe if a dev wants a successful project they have to sometimes reach into their own pockets. I have a vision and i believe in it, if I go broke doing so, so be it. But what we are creating has massive potential.
MaticNews: Talking about the security side, the clichè question that we ask in all AMAs:  are there any audits or KYC done?
OmegaFinance: Our swap contracts are audited by Asfalia Security

I am also doxxed socials and ID'd to some of the callers in the space.
MaticNews: Talking about the future, do you have a road map or long-term plans that you can share with us?
OmegaFinance: We are yet to share our whitepaper, but honestly I believe these sort of things are filled with lies usually, 99% coins never deliver on what they say. We build and keep working on things, most coins talk about what they are doing on paper but never deliver.
MaticNews: And the last question will regarding your opinion: What do you think about the current market moment?
OmegaFinance: I think we are about to go back to 3 digit ETH. I was once a bull, but I have become a bear, but in the next 3 months we will start heading back up.
MaticNews: Thank you for joining MaticNews in this AMA!
OmegaFinance: Thanks for having me! Great AMA!

Written By

Petrache Ionut

Aug 1, 2022