I have long been concerned about the continued excitement about

Omi burns from the reserve wallet compared to the almost zero buy backs to replenish the wallet.

BUT even I have to say that at these low Omi prices the massive burns we are seeing will have to lead to some sort of omi circulating token vs reserve wallet token resolution.

An example, 365m Omi were burnt yesterday. This is due to the multi drops but the daily burn rate is still around 100m a day recently.

As we know veve adoption is growing exponentially and if ecomi can keep sale percentages at these saturated levels while increasing products then maybe sales can x5 or 10x in the next couple of years.

What does a 10x sales increase do to the burn rate? Well, at current Omi prices it would lead to up to maybe 20 billion Omi burnt a month. That rate would deplete the reserve wallet in a year or so.

We can assume that a 10x in sales would lead to some increase in Omi token price. The amount depends on how increased sales and veve adoption benefit the Omi token. This is still a bit of an unknown for me.

What happens when the reserve wallet starts to run dry? Technically I guess ecomi could adjust their tokenomics and separate sales from Omi. Obviously that would be a catastrophe.

As mentioned previously the easiest way to replenish the reserve wallet is through buybacks yet David is very reluctant to do this for three reasons (which I won't fo into here).

Is there a connection between sales revenue and the Omi token? Team need to be pressed on this. There is a lot of cash sloshing around head office and 7% was earmarked for buybacks in the tokenomics papers.

I own 60 or so veve collectables (mostly season 1 - Ps. They are still cheap and almost forgotten!). But my collectables are just a distraction from my Omi investment. I think there are many like me but the AMAs questions focus so much on drops and the veve app that tokenomics almost never get addressed.

Good luck all.

The Naked Whale (@crypti14 on twitter - I'll follow back anyone with an Omi circle)

I am pretty new here and learning, when do the buybacks happen?? Is it a scheduled thing??

For buy backs, you can check this medium Ben https://medium.com/ecomi/ve-ve-tokenomics-in-app-funds-and-token-buybacks-7ea8ac1a19c9

No. It’s there as “insurance” it will keep the market stable if any bad actors try to manipulate and dump

Thank you, very helpful

I’m interested in the 3 reasons as to the reluctance for buy backs?

So am I, definitely want to know

Staking maybe?

Think there is more info here. https://link.medium.com/pe2JTBze4jb

I agree 100%. Without buybacks, the omi token is not deflationary. We are burning huge in a reserve wallet that has nothing to do with price. Even If one day reserve wallet goes to zero, if they don't do buybacks to refill it, then it was just a whole in the water. Everybody has to know that the deflationary ability with the burns from the reserve wallet and the buybacks was the reason that most of us invested in the OMI token. Otherwise we could only buy collectibles with fiat and no reason for omi to exist

I’ll trust David and Dan’s plan over some random complaining on the internet lol. Trust the plan

Nice response🤦‍♂️