The blockchain technology enjoyed wide acceptance in recent years, due to the impervious security and decentralized platform it provides for different companies and applications. However, there's always been cases of thefts and security hacks. These cases are so rampant that up to billions of cryptocurrencies have been stolen from exchanges. A prominent recent example is the case of 534 million worth of NEM coins that were stolen from a Japanese cryptocurrency exchange this year. These thefts occurred through the infiltration of a user's private keys, which grants access to their digital assets. In addition, there are difficulties in converting cryptocurrencies to fiat currency. For this reason, ECOMI aims to bridge the gap between fiat and digital assets, while ensuring that the level of security is not compromised by hackers.
ECOMI Ecosystem
This ecosystem is a digital economic platform that brings all the components and benefits of blockchain technology on one platform. For instance, ECOMI provides Secure Wallets to store cryptocurrencies in the form of cold hardware wallets that are impervious to security breaches and thefts. Furthermore, it provides an ECOMI One card which is credit card shaped platform that ensures the easy conversion of digital assets to fiat currency, without any hassles in exchange. Furthermore, the One Card can work on different debit card payment points. The ECOMI application serves as the central location that houses all transactions and operations done on the Secure Wallet and ECOMI One card.
The ECOMI Exchange reduces the complexities involved in converting fiat currency to cryptocurrency and vice versa. Cryptocurrency holders can seamlessly make the transaction from digital assets, without having to wait for days before their transaction is approved. Furthermore, they will also get to choose the default cryptocurrency that they will prefer to convert to fiat currency before they can spend. They can also convert cryptocurrency into fiat currency, and store it on the ECOMI One card for future use. Lastly, Users will go through ECOMI's KYC procedures before they can be eligible to use the ECOMI One card.
ECOMI's Token Mechanism And ICO Details
The OMI token is an ER-20 utility based token that useful in so many ways on this platform. This token is used for providing access to application and contents in the ECOMI ecosystem. In addition, every decentralized application affiliated to ECOMI, such as ECOMI Collect and ECOMI vault will be funded by OMI tokens via the following methods; one-time payments, cold private key staking, and per access payments. For staking, a certain number of tokens are needed to be present in the private key storage before the dApp can be utilized. For instance, if a user wants to gain access to the ECOMI Vault, the user has to create an account in the ECOMI App, and stake a certain amount of OMI token in the private key before they can gain access. By staking the OMI tokens, users are exempt from subscription costs. However, they will have to pay subscription costs once they move the staked tokens from their private key address. Lastly, users can get rewarded for staking their tokens on ECOMI Collect dApp.
ECOMI aims to sell 500 million OMI tokens during its Token Generation Event (TGE). The sale of this huge amount of tokens will aid future initiatives of ECOMI's services and features. Furthermore, it will raise awareness and widespread support for the ECOMI ecosystem. Those who purchase the OMI token at the Token Generation Event will be able to buy them at fixed costs. In the future, users who desire to buy the OMI token will have to purchase it from existing token holders at any price the sellers dictates.
ICO period: 2018-06-30 - 2018-09-30
Token Ticker: OMI
Token Price: 1 OMI= 0.05USD
Token Platform: Ethereum
Accepted Currency: ETH
Minimum Investment: 1000 OMI
Softcap: 5,750,000 USD
Hardcap: 22,125,000 USD
Originating country: Singapore
Whitelist/ KYC: YES
For more information check out the links below
Website — https://www.ecomi.com
Telegram — https://t.me/ecomi
Twitter — https://www.twitter.com/ecomi_
Facebook — https://www.facebook.com/ecomi.ecosystem/
Bitcoin Talk — https://bit.ly/2J1Xogp
LinkedIn — https://linkedin.com/company/ecomi-technology/
ANN thread: https://bitcointalk.org/index.php?topic=3609319
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