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Limited On-Chain Activity and Market Maker Oversight Raise Transparency Concerns for OMNIA

The analysis of blockchain data reveals limited on-chain trading activity in the PoolCoin Swap (PCS) pools, with significant transactions occurring only on specific dates, and sparse activity elsewhere, which can be independently verified through provided links. Regarding exchange wallets, primarily stablecoins deposits are observed, but they cannot be linked directly to OMNIA/USDT trading volumes, as the data remains opaque and inaccessible. Planning to hire an audit firm seems futile because the core issue lies in the lack of transparent, accessible data; any external auditor would reach similar conclusions. Communication hurdles with centralized exchanges (CEX) complicate obtaining necessary information, compounded by legal and relational complications. Clarification about token distribution may help provide more detailed insights. OMNIA initially engaged Kairon Labs as Market Makers, who underperformed, but currently collaborates with Bitmaker, a regulated entity that cannot manipulate the market or engage in wash trading. Their primary objective remains to maintain required spreads and liquidity levels for each CEX, in line with onboarding terms.
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AI Analysis

The data suggests that on-chain trading in the PCS pools is not significant, with large transactions concentrated on specific dates. The low frequency of trades in the small buckets indicates a lack o...

AI Recommendation

Given the limited on-chain activity and the opacity of exchange-held funds, it is advisable to rely on the more regulated Market Maker (Bitmaker) to maintain liquidity and trading conditions, as they ...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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