Is ECOMI a Good Investment?

Introduction

ECOMI is a technology company based in Singapore which aims to lead the way in the emerging digital collectibles space, as well as protection of digital assets.

The OMI token underpins the entire ECOMI ecosystem and is needed for the purchase and sale of NFTs within the VeVe ecosystem, and as a way to stake and access additional features and benefits within the app.

The tokenomics of OMI are deflationary and combine Uniswap-type big buybacks and burns with the in-app stablecoin called Gems to make it seamless for mass-market users on IoS/Android. But under the hood, everything runs on the native token, OMI.

How does ECOMI Technology do and How does ECOMI Function?

Because of the network congestion and high gas fees often experienced on Ethereum, the OMI token and the collectible non-fungible token (NFT) contracts are deployed on the GoChain network. This allows for much higher throughput. Currently, the GoChain network boasts 1,300 transactions per second (TPS). However, it is expected to be capable of processing 13,000 TPS in the near future.

As a fork of the Ethereum protocol, the GoChain network is fully compatible with Ethereum smart contracts, despite the considerable difference in throughput. This enables high levels of flexibility and interoperability, and it allows ECOMI to utilize the GO20 and GO721 token standards. Plus, the ECOMI NFT smart contract is designed to be 100% compatible with Ethereum’s ERC-721 token standard.

All ECOMI digital collectibles are minted as non-fungible tokens (NFTs). Each comes with a Uniform Resource Identifier (URI) linking the NFT to unique metadata including the name of the collectible, brand, licensor, and edition.

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ECOMI has several functions. You can use the VeVe platform to buy collectibles or interact with them in real-time using the Augmented Reality feature.

• ECOMI Wallet

ECOMI has its own wireless hardware wallet. Transactions are made using the native token of the ECOMI platform – OMI token, which also allows you to purchase collectibles or stake your tokens. This wallet is secured by never being connected to the internet, thus keeping funds safe from malware and hackers.

• Metcalfe Effect

The platform relies on the Metcalfe Effect to play a vital role in the growth of its user base. The Metcalfe Effect is a law that states the value of a communications network is proportional to the square of the number of connected users of the system, quantifying this increase in value.

• NFT Scarcity

All digital collectibles on the platform are limited in the number of batches called “Series”. Blockchain and the NFT standard are used to generate them. For instance, one series may have 10,000 collectibles, and these have five rarity categories, which can range from “Common”, which represents 62% of the total, to “Secret Rare” which represents 1% only.

• Blockchain Technology

Unlike many DeFi protocols, ECOMI does not rely on the Ethereum network, citing scalability and high fees. Instead, ECOMI uses GoChain, a web3 public blockchain founded in 2017. It handles 100x the volume of Ethereum while remaining compatible with it.

Notably, GoChain currently performs as many as 1,300 transactions per second, making it an ideal network for dApp viability. As stated above, GoChain remains fully compatible with Ethereum, which allows ECOMI to leverage existing GO20 and GO721 token standard implementations.

• NFT Minting

ECOMI’s digital collectibles are created by minting new NFTs in its blockchain contract. Each NFT has an associated Uniform Resource Identifier (URI), a unique sequence of characters that identifies a logical or physical resource used by web technologies. These URIs link that NFT to a set of metadata that includes the collectible name, its licensor, the brand, series, and all its properties, like clothes, props, and more.

• NFT Ownership

The ownership of each freshly minted NFT is sent to an address assigned to ECOMI for security and management on behalf of the owner. VeVe is a hybrid, centralized platform that showcases the available digital collectibles, while ECOMI maintains ownership of all collectibles within the system.

• Registration

To access the VeVe and ECOMI, you have to register first. You can use your Gmail to register. Further, all transactions in the ECOMI network require users to sign an authorization from their app or their Collect Wallet.

• Gaming

The VeVe platform allows its users to interact and play with the digital collectibles they own, interacting with them and creating a deeper engagement. In addition, the Augmented Reality feature allows users to play a wide range of single and multiplayer games within the VeVe platform.

Financial Analysis

ECOMI's price today is $0.00564341 with a 24-hour trading volume of $19,367,989. OMI price is up 14.0% in the last 24 hours. It has a circulating supply of 220 Billion OMI coins and a total supply of 750 Billion.

Let`s see a quick snapshot of ROI in different time frames till today, ECOMI exceeded in 'Collectibles, Non-Fungible Tokens (NFT)' categories which had 1223% growth over the past year you can see more here.

 ECOMI exceeded the crypto market which had 0% growth over the past year.

Popularity a great capable marketing team and brand awareness have a direct impact on the success of any project. According to ECOMI`S popularity chart, it gives you information about the social media situation about this Token, Twitter, Telegram, and Reddit popularity is 0% and it`s not good because they didn`t have any Growth Rate in a period of time, that you can see more here.

You're saying that I should invest in ECOMI Network?

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