Fam, OmniFlix is set to launch its FLIX token on StreamSwap, a protocol for time-based token swaps. The FLIX token will be available on the 20th of April, with the token launch process beginning a day earlier.

StreamSwap’s contracts go live on Osmosis on 19th April (subject to governance) and the FLIX / OSMO stream (Yes! FLIX will be swapped in exchange for OSMO) will go live in a few hours from then, marking the start of the Bootstrapping Phase.

tl;dr

• StreamSwap Stream details

  • 1,000,000 (1M) FLIX will be locked from the Initial Fundraising allocation and voted upon by the community. Locked FLIX in the StreamSwap stream can’t be removed nor no new FLIX can be added until the end of the StreamSwap stream

  • OSMO will be the token accepted in exchange for FLIX. Subscribers will need to subscribe to the Stream using OSMO tokens

  • The total duration of the stream for price discovery is 37hrs

    • Bootstrapping Phase - 36hrs

    • Streaming Phase - 1hr

• Bootstrapping Phase (36hrs)

  • Starts at 6am UTC on 19th April

  • Lasts for at least 36 hours

  • Community can subscribe or deposit OSMO tokens during this phase to be ready for the Streaming Phase

• Streaming Phase (1hr)

  • Begins at 6pm UTC on 20th April

  • Continues for one hour

  • Streaming ends at 7pm UTC on 20th April

  • Swapping of tokens occurs during the Streaming Phase

  • Subscribers can redeem FLIX tokens after the Streaming Phase ends

• Where?

  • App - StreamSwap - app.StreamSwap.io

  • Blockchain - Osmosis - Osmosis.zone

  • FLIX Launch Party starts at 5:30pm UTC on the OmniFlix YouTube Channel

Both phases allow subscribers to deposit or withdraw OSMO tokens, impacting the final price of FLIX, giving them the freedom to enter or exit the stream at any point in time.

Detailed Overview

The FLIX/OSMO Stream on StreamSwap comprises two distinct phases, the Bootstrapping Phase and the Streaming Phase. Here's a detailed explanation of each phase:

• Bootstrapping Phase:

  • This phase starts on or before 6am UTC on 19th April and lasts for at least 36 hours.

  • During this phase, subscribers can deposit or withdraw OSMO tokens, which are required to participate in the FLIX/OSMO Stream.

  • The Bootstrapping Phase is important as it allows the community to subscribe and prepare for the Streaming Phase.

  • No token swapping occurs during this phase, but the total OSMO deposited in the stream gives an average price of FLIX in OSMO.

  • Subscribers receive shares for subscribing (depositing) with OSMO tokens and get shares deducted when withdrawing OSMO tokens.

• Streaming Phase:

  • The Streaming Phase begins at 6pm UTC on 20th April and lasts for one hour.

  • During this phase, the actual swapping of tokens happens, with FLIX tokens being exchanged for OSMO tokens.

  • Token swaps occur linearly over the entire streaming duration, allowing for second-by-second swaps.

  • Subscribers can deposit or withdraw OSMO tokens at any point during this phase, affecting the final price of FLIX tokens.

  • If subscribers feel that the price is low, they can continue to add tokens, and if they feel that the price is high, they can withdraw tokens.

  • At the end of the Streaming Phase, the final price of FLIX tokens is determined by the total OSMO received.

Both the Bootstrapping Phase and the Streaming Phase are crucial for price discovery, as subscribers can deposit or withdraw OSMO tokens at any point, impacting the final price of FLIX tokens.

By participating in these phases, the community plays an active role in determining the value of FLIX tokens in exchange for OSMO tokens.

Key milestones to remember

• Total Stream Duration (37hrs)

  • Bootstrapping Phase begins: 6am UTC on 19th April and lasts for ~36hrs

  • Streaming Phase begins: 6pm UTC on 20th April and lasts for 1hr

• FLIX token launch (redeemable for StreamSwap participants) : 20th April at 7pm UTC

• FLIX Launch Party from 5:30pm UTC to 7:30pm UTC on 4/20. Join us as we watch the Streaming Phase and price discovery happen together on the OmniFlix Network YouTube Channel

• The FLIX / OSMO AMM pool will go live in a few hours with FLIX incentives, after the StreamSwap stream ends.

• Inflation & Staking Rewards (for staking the FLIX token) go live on OmniFlix Hub, subject to #FLIXprop9 in a day on 22nd April, UTC time.

• FlixDrop will go live on OmniFlix in May or early June, subject to the blockchain module for the on-chain drop, going live on OmniFlix Hub mainnet.

Trading Competition on the Osmosis Testnet organized by OmniFlix & StreamSwap DAOs

• OmniFlix is collaborating with the StreamSwap DAO to organize a Trading Competition for subscribers to better understand how StreamSwap works.

• The objective for participants to accumulate the most number of StreamSwap FLIX ( ssFLIX) using the StreamSwap OSMO (ssOSMO)

• Accounts whose average price is lower than the Stream’s average price are eligible for the Pro-Subscriber category if your average price is less than the average price of the overall stream.

• Each account receives a 1000 ssOSMO

• Three streams with 1M ssFLIX each are created with the Bootstrapping Phase starting on or before 18th April at 9am UTC and ending at 6pm UTC on 18th April. This means that the Streaming Phase starts at 6pm UTC and ends at 7pm UTC on 18th April.

• Results will be published via leaderboard after the Trading Competition.

• All Subscribers need to participate in all the 3 streams

• Subscribers should not spend under 100 OSMO or over 1000 OSMO in total (across all 3 streams put together).

• Subscribers transferring funds or receiving ssOSMO from other accounts are disqualified.

• Claim testnet OSMO for gas on the Osmosis Testnet Faucet

• All rewards are upto the discretion of the organizing DAOs

Restricted Countries

Residents and access to the app from the following countries will not be able to participate in the FLIX token launch via StreamSwap:

• United States (US)

• China (CN)

• Albania (AL)

• Belarus (BY)

• Bosnia and Herzegovina (BA)

• Myanmar (MM)

• Burundi (BI)

• Central African Republic (CF)

• Democratic Republic of the Congo (CD)

• North Korea (KP)

• Ivory Coast (CI)

• Crimea region of Ukraine (UA-43)

• Cuba (CU)

• Darfur region of Sudan (SD-14)

• Bosnia and Herzegovina (BA)

• Iran (IR)

• Iraq (IQ)

• Kosovo (XK)

• Liberia (LR)

• Libya (LY)

• North Macedonia (MK)

• Moldova (MD)

• Mali (ML)

• Nicaragua (NI)

• Serbia (RS)

• Somalia (SO)

• Sudan (SD)

• South Sudan (SS)

• Syria (SY)

• Venezuela (VE)

• Yemen (YE)

• Zimbabwe (ZW)

The upcoming FLIX token launch on StreamSwap marks an exciting event and a historic milestone for the Flix Fam & the wider OmniFlix community.

The innovative token launch process via StreamSwap on Osmosis empowers the community to participate in price discovery, ensuring a fair and transparent token distribution.

With key dates and times in mind, participants can look forward to joining the testnet trading competition and the main FLIX token launch.

Be a part of the Flix Fam!

Join us with our creators & communities as we build together the interchain media hub, OmniFlix 💪

Socials

Telegram - https://t.me/OmniFlixNetwork
Telegram Chat - https://t.me/OmniFlixChat
Discord - https://discord.com/invite/6gdQ4yZSTC
Twitter - https://twitter.com/OmniFlixNetwork
Reddit - https://www.reddit.com/r/OmniFlix/
Medium (for blog posts until June 2022) - https://medium.com/@OmniFlix
Blog (for posts from July 2022) - https://mirror.xyz/OmniFlixNetwork.eth
Flix Fanatics (An OmniFlix subDAO) - https://mirror.xyz/FlixFanatics.eth

Apps

OmniFlix Market
OmniFlix Studio
OmniFlix TV (alpha)
OmniFlix inSync (& various implementations)

All URLs: https://linktr.ee/OmniFlix

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