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Token Holders ($FLIX)

OmniFlix enables creators of any type of content - text, images, audio and video to create, manage, distribute and monetize their media assets and community interactions.

1) Token Economics of $FLIX

Tokenomics of the FLIX token are now published on our Mirror blog. You can find the article here.

2) Token Utility of $FLIX

Activities that will be possible with the FLIX fungible token after launch are:
  1. 1.
    Voting Power Delegation - FLIX can be used to secure the OmniFlix Hub via delegation of voting power to validators (or simply called staking)
    1. 1.
      Voting Power Re-delegation - Staked FLIX can be re-delegated from validator to another validator
    2. 2.
      Voting Power Un-delegation - Staked FLIX can be un-delegated from the validator staked to. Unstaked for integration.
  2. 2.
    Governance Participation - Staked FLIX can be used to vote on on-chain proposals that represent community decisions.
  3. 3.
    Marketplace module Commission - FLIX Stakers will receive part of the protocol fees not only in FLIX but also in other tokens on the marketplace.
    1. 1.
      There is also a proposition to swap all other tokens for FLIX and distributed to stakers instead of dust from multiple tokens.

What are we exploring?

  1. 1.
    Tokenization - Use of FLIX for creation of collections and minting of NFTs. 50% of the fee will be sent to the community pool and 50% will be sent to the stakers of FLIX. Currently, no fees is being charged by the protocol for creation of collections and for minting of NFTs.
  2. 2.
    Media Storage - Use of FLIX for storing media assets (minted & non-minted assets). Along with the media node host receiving their fee for redundant storage, a part of it will be dedicated towards the community. 50% of the share received by the community will be sent to the community pool and the rest 50% will be sent to the delegators of FLIX.
  3. 3.
    Media Delivery - Use of FLIX for delivering media assets across apps and platforms. Along with the media node host receiving their fee for delivery, a part of it will be dedicated towards the community. 50% of the share received by the community will be sent to the community pool and the rest 50% will be sent to the delegators of FLIX.

3) Value Accrual of $FLIX

  1. 1.
    Fees are earned when collections and NFTs within are minted, managed and utilized for various reasons
  2. 2.
    Fees from marketplace transactions - fixed price or auctions
  3. 3.
    Fees from NFT Pools
    1. 1.
      NFTs being purchased from pools
    2. 2.
      NFTs being licensed from pools

What are we exploring?

  • Shared Security for community-specific or content-specific app chains tailor made for media creation, management, distribution and monetization
  • Social coordination and sovereign infrastructure for on-chain markets i.e. sudoswap-style pools that adhere to royalties, licensing-pools for content discovery/distribution and more.
  • Interchain NFTs for access to multiple blockchains and vice-versa
  • Explore positioning as the interchain router for NFTs transfers across chains

Connect with us

Interested to implement OmniFlix's NFT & community infrastructure for your film3 movie, studio or your community? Want to create the next-gen media studio on the blockchain?
Write to us on our website and in case of any specific queries, reach out to us on Discord or Instagram or Twitter or Reddit even on our public Telegram Group Chat.