Security at OMNIA DeFi Exchange And Utility Token For Cryptocurrency Network
INTRODUCTION
A cryptocurrency network consisting of a global community of stakeholders, including validators who secure the network while adding transactions to the blockchain, traders speculating on assets purely on This market-driven and builders work to bring people into this new financial model.
As the interest in crypto continues to grow, the need for protecting digital assets has never been greater. It’s important to note that no cyber defence or information system can be regarded as 100% impenetrable. What is deemed safe and secure today won’t have the same vigour tomorrow, due to the lucrative nature of cybercrime and the hacker’s ingenuity to seek new methods of attack. Combating cybercriminals should be standard practice in business. It is vital that every organisation implements strong security procedures, undertakes the necessary security qualifications, imposes internal policies, carries out independent security audits as well as constantly monitoring architecture.
WHAT IS OMNIA?
OMNIA is an exchange and utility token linked to Omnia DeFi’s tokenistion efficiency (50% onboarding fees for buy’n’burn $OMNIA) and used for staking/farming, DAO, bug bounty program & rewards hacking program participation (within Omnia and extended CreateLinX family) Omnia DeFi aims to become the leader in tokenising real-world assets and permitting those assets to be traded. The company’s vision is to deliver universal access to wealth creation as the world’s largest realworld tradable assets index. Omnia DeFi already has $500M in real estate and fine art committed to the project.
Security Procedures
It’s essential that best practices are consistently adhered to, and here at Omnia DeFi this is something we take very seriously. We are in the process of running Orchid, which provides the best crypto powered VPN by utilising the power of blockchain technology to ensure digital secrecy. Coupled with this, we also enforce a reputable anti-virus solution across our systems. Furthermore, we conduct a thorough device registration checking system to ensure that our employees’ software is always up to date with the latest patches. As well as that, we constantly run attack simulations on our infrastructure which allows us to fill any holes in our architecture. Finally, all staff at Omnia have undergone detailed Information Security and GDPR training, with refresher sessions conducted every couple of months.
Security Qualifications
Implementing Cyber Security certifications help to protect an organisation against many threats and demonstrates that it has taken the necessary steps to defend the business. Omnia DeFi will begin by obtaining Cyber Essentials and Cyber Essentials Plus. This certification is a government backed scheme which is led by the National Cyber Security Centre. It looks to educate organisations on the best Cyber Security practices.
The Assessment is broken into five critical controls:
- Access Control
- Firewalls and Internet Gateways
- Secure Configuration
- Patch Management
- Malware Protection
OMNIA AIMS
- OMNIA Tokens ($OMNIA): Are exchange and utility tokens within the system for tokenisation efficiency.
- Omnia Asset Tokens (OATs): Are asset Tokens tied in smart contract to the physical real-world assets underlying their value.
- Omnia Stable Coins (OSCs): are stablecoins pegged to the US Dollar with all pooled OATs as underlying value.
- OMNIA’S DISTRIBUTION NETWORK MISSION
- 2021 Quarter 2
- Token audit
- Tokensale
- 2021 Quarter 3
- QuickSwap listing
- Staking and farming reward
- Chart app listing
- Start art tokenisation — up to 100M USD
- Other contracts audits
- Bug Bounty Program
- DAO — Community rewards
- 2021 Quarter 4
- Financial regulatory approval
- Start real estate tokenisation — up to 415M USD
- Start non-art property tokenisation
- First STO
- Real asset oracle & stable coin R&D
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