We are excited to announce that our public sale is about to begin. This tutorial will guide you through the steps to participate in the sale and will explain some key terms and concepts to ensure you are fully prepared.

Token Name: OMN
Date: 12:00 pm 10th June (UTC)
Token Price: $0.04 USDC
Blockchain: Ethereum Mainnet
Max purchase limit for non-whitelist: 150USDC
Max purchase limit for whitelist: 200 USDC
Soft Cap: 388,000 USDC
Website: https://publicsale.omtch.com/

Step 1: Visit the Public Sale Website at:  https://publicsale.omtch.com/.

Step 2: Connect your wallet to Ethereum Mainnet once you're on the website. Make sure you have enough USDC and ETH(cover gas fees for the transaction) in your wallet to participate in the sale.

Step 3: Participate in the Public Sale When the public sale goes live, you will be able to purchase OMN tokens with your USDC. The maximum purchase amount is 150 USDC per address. However, if you're on our whitelist, you will be allowed to purchase up to 200 USDC per address.

Important Terms and Concepts:

Soft Cap:

The public sale of OMN tokens has a soft cap of 388,000 USDC. This represents the maximum amount of funds we aim to raise during the public sale.

The public sale will continue If the soft cap is reached. However, there will be a significant change in the distribution dynamics for non-whitelist addresses.

Whitelist and Non-Whitelist Address:

Whitelist address: If you're on the whitelist, you can rest assured that your right to purchase up to 200 USDC worth of OMN tokens is secured.

Non-whitelist address: On the other hand, Non-whitelist addresses will be subject to a distribution process if the soft cap is reached. This is due to the possibility of oversubscription.

In the case of oversubscription, each non-whitelist address will receive a portion of the remaining OMN tokens. This portion is weighted based on the amount of USDC contributed by the address relative to the total oversubscribed amount. Any USDC that was contributed but did not result in the purchase of OMN tokens due to oversubscription will be returned to the respective addresses. You can claim the returned USDC from the public sale website after the sale ends.

For example:

Let’s suppose

The total funds raised in the public sale are 500,000 USDC.
Whitelist addresses have purchased 300,000 USDC worth of OMN.
Non-whitelist addresses have contributed a total of 200,000 USDC
You, as a non-whitelist address, have contributed 150 USDC.

In this case:
The total amount of funds raised is 500,000 USDC, which exceeds the soft cap of 388,000 USDC. The whitelist addresses purchased 300,000 USDC worth of OMN, leaving 88,000 USDC worth of OMN available for non-whitelist addresses.

This remaining pool of 88,000 USDC is equivalent to 2,200,000 OMN tokens (since each token is priced at 0.04 USDC). However, the non-whitelist addresses collectively contributed 200,000 USDC, which is more than the available pool. Therefore, a proportional distribution mechanism is triggered. Your contribution of 150 USDC represents 0.00075 of the total non-whitelist contribution (150/200,000). Therefore, you would receive 0.00075 * 2,200,000 OMN = 1650 OMN. This costs you 1650 * 0.04 = 66 USDC.

The remaining amount you contributed, 150 - 66 = 84 USDC. You will need to claim this excess contribution back from the public sale website after the sale ends.

We hope this guide helps you navigate our public sale. Thank you for your support and participation.

For more whitelist information, please refer to:

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