What is ECOMI?
ECOMI is a Singapore-registered technology company that operates in the digital asset collection and storage segments.
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The project has two main elements: VeVe app to buy collectible NFTs of different brands and SECURE WALLET – a “cold crypto wallet”.
The company is managed and supported by the ORBIS blockchain. David Yu is the CEO of ECOMI. He founded his first business in 1996, and has since started various businesses across the license and retail industry.
The company can turn characters from various cartoons and games into digital items thanks to the purchase of licenses. It records them into NFT format on the blockchain and sells them to VeVe users.
ECOMI considers non-fungible tokens (NFT) to be a new asset class that allows intellectual property owners to create more profit streams in the digital field.
VeVe
VeVe is an app available on smartphones and PCs that has over 500,000 collectible NFTs to buy and sell. The product was launched in 2021. VeVe pairs up with brands like Marvel, Adventure Time, Tokidoki, StarTrek and many others.
VeVe provides a new way to interact with your favorite fandoms by collecting 2D and 3D digital models and artworks. Purchased items can be used in augmented reality and displayed in virtual showrooms.
SECURE WALLET
SECURE WALLET is a wireless hardware crypto wallet for storing private keys and digital assets. It is designed to be impenetrable to malicious cyber attacks as it never gets connected to the internet directly and that’s why it’s called “cold”
The user can connect the wallet with their app on the phone by pairing it with an encrypted Bluetooth connection. The crypto wallet interface allows you to view the balance and check transaction info. Using SECURE WALLET, you can control private key transfer, securely store and manage BTC, Ethereum, Ripple, Litecoin and other crypto. The wallet supports up to five accounts.
OMI – project’s native token
OMI is a native token of the ECOMI platform that is used for carrying out transactions in the VeVe app. With the help of OMI, records of ownership of digital items appear on the blockchain. According to the tokenomics of the asset, its circulation and deflation are supported by burning and buyback.
A white paper of the project says that the token has many additional incentives (such as staking) that are designed to maximize utility and enhance the value of the native token.
OMI's initial total supply was 750 billion. It was originally built on the GO20 standard (Gochain), but later migrated to Ethereum and now belongs to the ERC20.
The distribution of tokens is as follows:
The number of tokens in circulation is constantly decreasing via burning and buybacks to avoid inflation and to settle the value of the asset. Since its launch, 103 billion tokens have been burned. OMI/USDT is traded on exchanges like Bitforex, AscendEX, Gate.io.
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