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
Originally we were going to release a proxy token, but were going to be issuing our own token on the Koinify platform that runs on Factom.
Its no longer an Omni project or a Counterparty project, it really does live on its own, Kirby said.