Quote from: hmmmstrange on March 16, 2015, 08:07:00 PM

Why has factom dropped onmi for issuing their tokens?

edit: found the answer
"Kirby spoke about the challenge Factom faced when seeking to orchestrate the sale, voicing his optimism that the project would avoid the pitfalls of those held in the past on platforms such as Mastercoin."

I was a part of the conversations about how to conduct the crowdsale, and the orginal intention was to issue Factoid proxy tokens on both Omni and Counterparty.

However, there was substantial concern about having two non-fungible tokens causing user confusion (imagine if someone purchased an Omni Factoid on an exchange and tried to withdraw it to their Counter Wallet, or vice-versa. eek! Think of the users!).

The solution was to go the Ethereum-style route (and actually use the Ethereum crowdsale code) to generate new wallets of factoids that would work on the Factom network directly. No proxy token. Everyone was in favor of this option.

The Omni and Factom teams are working together on the "address anchoring" method that Factom will use to record hashes on the Bitcoin blockchain, which will become part of the Omni Layer spec.

Craig