NOM (NOM) Price

NOM is Nomina’s token and the asset resulting from the renaming and redenomination of the former Omni Network token, OMNI. It currently exists as an ERC-20 token on Ethereum; it should no longer be regarded as a native-chain token usable on the discontinued Omni Core. This identity change took place in two stages: first the rebranding migration, then the shutdown of the old chain and migration of its entire state. When understanding NOM, the token name change, token quantity conversion, and underlying network migration need to be considered separately.

The conversion ratio between OMNI and NOM is 1 OMNI:75 NOM. This ratio is a redenomination: each old token is represented by 75 newly denominated units, rather than an economic supply increase created solely by the rebranding. The official announcement lists NOM’s total supply as 7.5 billion tokens and explicitly states that this is the redenominated result of the 1:75 conversion, without introducing additional token supply. Therefore, the larger number of tokens after conversion should not by itself be interpreted as dilution of holders’ ownership share.

The network upgrade on September 23, 2025 automatically migrated OMNI on Omni EVM to NOM; this scope included staked OMNI and accumulated staking rewards, so holders of those assets did not need to perform a conversion themselves. The announcement distinguished L1 OMNI at that time: L1 OMNI held on exchanges was to be migrated later by the relevant exchange, while L1 OMNI held outside exchanges required use of the migration application. In other words, whether migration completed automatically depended on where the asset was originally held; not all old OMNI followed the same path.

On February 17, 2026, Nomina formally shut down the former Omni Core blockchain and migrated every wallet balance, staking position, and held asset to Ethereum ERC-20 tokens. The project processed this migration automatically, and the announcement stated that users did not need to take action. This change was more than a token rename: Omni Core, which had previously carried assets and staking state, no longer operates, and the relevant state is now represented by ERC-20 tokens on Ethereum. Users should thereafter operate under the network rules for Ethereum assets and contracts, rather than continuing to assume that staking or cross-Rollup functionality on the old chain remains available.

Before Omni Core was discontinued, the project’s goal was to connect fragmented Rollups in the Ethereum ecosystem. After the shutdown, the team stated that it would no longer divide engineering resources between chain maintenance and end-user features, and would instead focus on building the Nomina trading terminal. The project describes its practical product direction as integrating perpetual-contract DEX Rollups and planning to expand into financial use cases such as prediction markets. Deploying NOM as a native Ethereum ERC-20 brings it closer to Ethereum liquidity and protocols; this indicates a change in product focus, not that holding NOM automatically provides terminal revenue or any particular DeFi functionality.

The two events need to be distinguished: the 2025 rebranding upgrade addressed OMNI-to-NOM naming and redenomination, and migrated assets and staking state on Omni EVM; the 2026 Omni Core shutdown addressed the state migration of all wallet balances, staking positions, and held assets from the entire original chain to Ethereum ERC-20 tokens. Together, they resulted in NOM now existing as an Ethereum ERC-20, but they should not be conflated into one ordinary token swap. When checking an old asset, first determine whether it was in Omni EVM, an L1 exchange, an L1 self-custody wallet, or Omni Core state at the time, then refer to the applicable handling path described by the project.