About OmniBazaar

Category: getting-started · Updated: August 20, 2026 · Tags: about, mission, technology, governance, decentralized

Our Mission

OmniBazaar is a unified decentralized marketplace platform. Our mission is to create a trustless, censorship-resistant marketplace where anyone can buy, sell, and trade without intermediaries.

What Makes OmniBazaar Different

Fully Decentralized: No central authority controls the marketplace. Transactions occur directly between users through smart contracts.
Zero Gas Fees: Users pay zero gas fees for OmniCoin transactions. Validators absorb operational costs.
Privacy On Demand: Shield your transaction amounts any time you choose (XOM ↔ pXOM via COTI V2) — it's optional, never automatic.
Multi-Chain Wallet: Built-in wallet supporting 80+ blockchains from a single seed phrase.
Integrated DEX: Trade spot markets directly on our own order book, or route through Uniswap, 0x, and THORChain for the best price.
Proof of Participation: Validators are selected based on actual contribution to the ecosystem, not just stake size.

Technology

OmniBazaar runs on OmniCoin, our own blockchain (an Avalanche subnet using Snowman consensus, with 1–2 second finality). Smart contracts handle token operations, escrow, and settlement. All marketplace data (listings, images, messages) is stored on IPFS and the validator network — never on a centralized server.

Governance

Two separate bodies govern OmniBazaar. The Omni Development DAO (ODDAO) governs our own treasury, development, audits, and grants. A separate, decentralized protocol governance handles validator rules, slashing, fee distribution, and on-chain upgrades. XOM holders vote in both.

Participation Score

Every user has a Participation Score (0–100 points) measuring their contribution to the ecosystem. Components include KYC verification (up to 20 pts), marketplace reputation (up to 10 pts), staking (up to 24 pts), referrals (up to 10 pts), and community activity. A score of 50+ qualifies you to run a validator node.

Get Involved

Start buying and selling on the Marketplace. Stake XOM to earn rewards. Refer friends to earn bonuses. Join the community forum to discuss ideas and proposals.