Knowledge has many forms for which various means of aggregation and healing have been developed. With the release of scrolls containing libraries to create, one of the earliest examples is the Spiral Library of Alexandria in ancient Egypt. Protected access to knowledge is also a growing challenge. At the time of the libraries of Alexandria and Bodleian, access to knowledge was limited by reading skills and spatial proximity. In the field of European Enlightenment, literacy was a limiting factor, and academic institutions were developed to facilitate wider literacy.
What is omnity?
Omnity is a healing system of decentralized knowledge and self-organizing linking private document repositories at all levels (individuals, businesses, organizations and governments). The semantic connections in both sets of internal documents and external public data quality and rating are made by others around the world (see Figure 2). Omnity does not scratch the canvas; We collect and discover interconnects fairly massive collection of public and private documents automatically loaded via APIs and connectors hidden patterns and unexpectedly high value.
Token-Based Consumption of Omnity
Users who consume Omnity through tokens enjoy all of the features of the free user tier, as well as a wider and deeper range of already-built and commercialized Omnity services:
(A) An Om token or fraction thereof can be used to ingest into Omnity and query on any number of documents or set of documents, where those document can be privately archived on either a cloud based and/or a blockchain-enabled, decentralized public ledger, useful both to validate ingestion time and date for time-sensitive documents, as well as to detect potential duplicate documents in Omnity. One Om token enables a 20-page document to be queried, where one page is defined as 3,000 ASCII characters. Token users can ingest and store as many documents as desired.
(B) An Om token or fraction thereof can also be used to trigger the automated production of an information feed, which we term a “Discovery Bot”, relative to a user-initiated query or set of queries. Discovery Bots can be produced over a specific unit of time (e.g. hour, day, week, and month) as well as be triggered by an event (e.g. the accumulation of sufficient content, whose threshold is set by either the User or Omnity). The total number of and depth of Discovery Bots generated over a specified period of time drives the pricing of this service.
Plan of Omnity
Omnity Storage Monitor (SM)
The storage monitor watches all data indexes for existing and new files. When new files are added to the index, the monitor sends a request to the file handler to store this file on the DSN. When an existing file becomes unavailable, the SM sends a request to the recovery agent that retrieves the file from the DSN and restores it onto the index. There are several potential reasons as to why existing files might become unavailable such as natural disasters, data corruption, hardware failures, and network hacks.
Mechanics of Token Sale
Omnity tokens are securities (investment contracts) being offered within the U.S. pursuant to 506(c) of Regulation D and outside the U.S. in reliance on Regulation S. Omnity tokens will be sold in multiple stages, with a private sale followed by a presale and then a public sale. In the United States, only accredited investors will be able to purchase Omnity tokens. Of funds raised, 74% will be allocated for Omnity’s operations (as per Figure 11); 15% in reserve, including use for the Early Adopter Program; 6% for employees, advisors, and partners; and 5% for founders.
Our Rating About “Omnity” Project
How many Om tokens will be issued for the ICO? How will the tokens be distributed?
We have a target of raising $20M with a stretch goal of up to $50M. The Early Adopter Program (EAP) is set to 20% of the raise, so the tokens set aside for the EAP varies as the raise varies. For the advisors, employees, and founders, as well as for the sales and marketing campaigns (where campaign staff will be paid in tokens and/or cash on an hourly basis), we are not allowed to set these as a percentage of our raise due to our adherence to SEC compliance. Those line items are fixed budgets and have fixed tokens set aside irrespective of our raise. This mix of line items then non-linearly scales, as some numbers vary, while others stay the same, within the raise of $20M to $50M:
At $20M Target Raise:
Tokens Sold for Company Operations: 32,200,252 (61.9% of total tokens, takes into account potential discounts in private and pre-sale)
Reserved for Early Adopter Program: 6,440,050 (12.4% of total tokens; 20% of the Tokens sold for Company Operations)
Sales and Marketing Campaigns: 7,798,633 Tokens (fixed regardless of raise) (represents 15.0% or total tokens)
Advisors, Employees, Founders: 5,552,500 Tokens (fixed regardless of raise) (represents 10.7% of total tokens)
Total Tokens at $20M Raise: 51,991,435
At $50M Target Raise:
Tokens Sold for Company Operations: 72,200,252 (72.2% of total tokens, takes into account potential discounts in private and pre-sale)
Reserved for Early Adopter Program: 14,440,050 (14.4% of total tokens; 20% of the Tokens sold for Company Operations)
Sales and Marketing Campaigns: 7,798,633 Tokens (fixed regardless of raise) (represents 7.8% of total tokens)
Advisors, Employees, Founders: 5,552,500 Tokens (fixed regardless of raise) (represents 5.65% of total tokens)
Total Tokens at $50M Raise: 99,991,435
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