ChainGPT Labs is celebrated for its unmatched success in nurturing startups, thanks to its strategy of selectively investing in promising blockchain ventures. By offering its mentorship-driven incubation model to teams with exceptional talent and innovative ideas, ChainGPT Labs has propelled all of its startups to achieve new heights. One project we're proud to have as a ChainGPT Labs alumnus is the extraordinary OMNIA Protocol.

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Founded in 2021, OMNIA Protocol is a specialized RPC provider designed by cybersecurity, privacy, and trading experts to address the unique challenges of DeFi. It champions decentralization, aggregation, and the redistribution of MEV (Maximal Extractable Value) while prioritizing security and transaction optimization. OMNIA's mission is to provide a seamless blockchain interface that combines decentralization with advanced features like real-time pending transaction streams and robust broadcasting. By strategically leveraging MEV, OMNIA empowers DeFi Traders, wallets, dApps, DEXs (and anyone looking for security and privacy in the blockchain) to benefit from the value generated by their transactions directly.

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Closing the MEV Gap

OMNIA Protocol's pioneering approach to closing the gap in MEV distribution sets it apart. Traditionally, the complex world of MEV benefits a small group of searchers. OMNIA boldly changes this dynamic, ensuring that users reap the rewards of their transactions. OMNIA's decentralized, user-centric services, powered by its native token, offer a compelling alternative to centralized node providers.

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Key Products‍

Robust RPC infrastructure: Provides the foundation for blockchain interactions with added features for security, compliance, and more.

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Decentralized node incentivization: Encourages community members to run nodes, strengthening the network and ensuring decentralization.

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MEV infrastructure monetization: Leverages MEV strategies to capture value and redistribute it to users.

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Staking Nodes: Offers staking opportunities for token holders to participate and earn rewards.

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The Problem OMNIA Solves‍

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Currently, Web3 users face a dilemma: they can choose centralized providers offering strong functionality, but that means they'll have to compromise when it comes to decentralization. The other choice is to opt for decentralized RPCs that often lack advanced features.

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OMNIA bridges this gap by:‍

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Clustering resources: Bringing together various types of community-run nodes into a decentralized network accessible through a standardized interface.

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Seamless integration: Effortlessly incorporates MEV extraction and security features, maximizing user benefits without added complexity.

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Offering advanced features: Securing against multiple blockchain threats like frontrunning, honeypot, and sandwich attacks while maintaining high transaction privacy.

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OMNIA's Know Your Transaction (KYT) Suite: Compliance and Risk Management for Web3

OMNIA's award-winnning KYT suite is a powerful RegTech solution designed to help crypto asset service providers, Web3 businesses, and fintech apps/dApps navigate the complexities of cryptocurrency compliance.  

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Proactive Risk Monitoring: OMNIA's proprietary encryption technology continuously monitors millions of addresses, flagging suspicious activity before it hits the blockchain.

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Real-time Sanction Screening: The KYT suite cross-references transactions against sanctions lists, enabling businesses to avoid costly fines and reputational damage.

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Customizable Risk Policies: Companies can tailor risk thresholds and policies with low-code personalization, significantly reducing false positives.

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Advanced Fraud Prevention: Transaction pausing/blocking and dry-run simulations offer robust protection for businesses and consumers.

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Seamless Integration: Designed as a plug-in, the KYT suite effortlessly integrates with existing AML/KYC workflows for enhanced customer due diligence.

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Global Standards Compliance: OMNIA adheres to OFAC, GDPR, and international guidelines for mitigating money laundering and terrorist financing risks.

Major Milestones and Key Highlights‍

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• Minimum Viable Product (MVP) was ready in December 2021.
• Discovered a MetaMask vulnerability in early 2022.
• Closed seed funding round in early 2022.
• Launched educational sessions, both 1:1 and 1:many formats.
• OMNIA was selected twice as a #RegTech100 company, in 2022 and 2023, alongside companies like Elliptic and Coinfirm.
• Partnered with Chainalysis to provide compliance solutions to CEXes and fiat-on-off ramps.
• Secured over $310,000 in cloud credits.
• Formed partnerships with world-class cloud providers Microsoft, AWS, and Google to deliver high-availability services and adopt a multi-cloud approach.
• Invited as speakers and sponsored various hackathons and conferences, including BlockHack, Bitcoin Bay, ETH Toronto, The Futurist (in Canada), Blockchain Rio, Crypto Crime Symposium (UK), Bogota Devcon, ETH Bogota and LPA, AML Tech Forum 2023, BlockSplit (Croatia), FHE.org, ETH DAM, conference (Norway), ETH Istanbul, and LINKS#2023 Amsterdam.
• Scaled to more than 10 million users since MVP.
• Processing $2.7 billion monthly in transaction volumes.
• Experiencing significant revenue growth, with a recent 40% MoM increase in MRR.
• Currently have 2.8 million monthly active users (MAU).
• Best-in-class performance & latency for RPC endpoints, with OMNIA endpoints being the top choice in the Chainlist aggregator in 2023.
• Maintained 100% uptime, even during the most congested times.
• Published one of the first free frontrunning checking tools.
• Among the first to add support for frontrunning protection in early 2022, just a few months after MVP.
• Added support for 45+ blockchain networks, including testnets for both EVM and non-EVM chains like Solana, Near, and Bitcoin.
• Engaged in public consultation with the European Central Bank (ECB) for the design of the upcoming CBDC.
• Sold-out OMNIA NFT collection.
• Discovered a "Metamask Vulnerability in Early 2022 Helping Secure the Privacy of 21 Million Users" - Cointelegraph

OMNIA in Numbers (as per March 2024)

• 33+ Supported Networks: Flexibility across various blockchain
• Over 10M Users: Demonstrates strong adoption.
• $3B Volumes per Month: Reflects substantial transactional activity.
• 1000+ Node Owners Registered: Highlights a growing decentralized network.
• 100% Uptime: Emphasizes reliability and consistency.
• 280M+ RPC Calls/Day: Indicates significant usage and activity levels.
• 13M+ Daily Transactions Protected: Underscores security focus and user safeguards.

Token Functions ($OMNIA)

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For a detailed look at OMNIA Protocol's development history, please follow this link: OMNIA Protocol full roadmap.

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OMNIA Protocol partners and investors include DAO Maker, LD Capital, Evanghelion, ReBlock, Raptor Capital, Halvings Capital, LVT Capital, New Tribe Capital, Plutus VC, Flow Investments, Avstar Capital, AlfaCatalyst, AZer Capital, QuickShock, CSP DAO, Kondr VC, Keys Capital, Vespartine Capital, Zephyrus Capital, Fish DAO, DCT Capital, AB Ventures, Grizzly Capital, CA Capital, Vision Capital, 32 Ventures, Stacker VC, Nodeseeds, Safelaunch and many more. 

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OMNIA Protocol Resources 📚

IDO Page | Website | Discord | Twitter | Telegram Group | Medium | Facebook | YouTube | Telegram News Channel | LinkedIn

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ChainGPT Labs: Empowering Innovation Through Incubation

The ChainGPT Labs incubation program promotes emerging Web3 startups by transforming their innovative ideas into viable business solutions over a period of up to two years. The program provides extensive assistance in product development, smart contract implementation, and user engagement, thereby equipping startups like OMNIA Protocol to thrive further in the blockchain sector. With the support of expert mentorship and access to a vast network of partners and investors, ChainGPT Labs' incubation initiative prepares startups to navigate and excel in the dynamic landscape of blockchain technology.

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About ChainGPT Labs

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The ChainGPT Labs incubation program offers critical support to emerging Web3, crypto and blockchain projects by providing them with the resources and guidance needed to develop practical business solutions. 

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Here are some of the benefits OMNIA Protocol and other projects enjoy as part of the ChainGPT Labs ecosystem:

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Strategic Engagement and Support: We engage directly with projects through frequent, hands-on consultations. This personalized approach ensures tailored guidance and strategic support at every developmental stage.

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Enhanced Branding and Marketing: We help projects enhance their social presence and branding, including website and logo redesigns, alongside effective social media strategies and advertising campaigns. This comprehensive support optimizes online engagement and increases project visibility.

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Investment and Economic Strategy: We assist in the creation of viable tokenomics that favor sustainable growth and also offer venture capital investment, prioritizing incubated projects for funding opportunities. This approach minimizes financial risks and maximizes potential returns to set projects up for long-term success.

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Whether you're just starting with a groundbreaking idea or you're looking to scale up and make a splash in the market, ChainGPT Labs is here to support you every step of the way.

Pitch your project here and start your journey with us!