Omicron launched in 2016 as an experimental cryptocurrency that focused on dual-yield through two mechanisms:

1. Compounding interest, generated through proof-of-stake
2. Yield generated from trading

This cross-section of CeFi and DeFi was new at the time, and raised $72,600 worth of BTC through an ICO.

Omicron's dual-yield mechanism successfully operated until early 2017, paying out a small group of users that held addresses over 10,000 OMC. This came to a halt due to the following:

1. Multiple bad trades resulted in a financial hole in which yields were halted
2. The OMC network stagnated due to lack of users staking their coins in the wallet, which brought the blockchain to a full stop

After the following, the OMC chain and original yield model was abandoned. It was proposed to relaunch as an ERC-20 token, however this did not proceed, and in turn, active coin holders were given cloud mining contracts in late 2017, proportionate to their OMC balances.

The cloud mining contracts were profitable for a short period, until the early 2018 market crash quickly drove mining to below breakeven. After several months of hiatus and no progress, as a final measure, users were distributed a last payment from pocket, which finalized all obligations towards the defunct OMC project, and terminated all outstanding mining contracts, at the end of 2018.