OMI coin - Everything to Know | Finance
 
 
 
 
 
 

OMI coin – everything to know

/ 08:55 AM December 27, 2021

If you’ve heard of OMI coins, then you probably have been investing in cryptocurrencies for years. If you haven’t, don’t worry as it’s the 216th on the crypto list based on market cap. After hearing this, you might be wondering why I’m even talking about this coin. Yet, savvy investors look for the coins that are likely to grow, and Omi coins might just be one of them!

If you’re not looking for potential gains, then you may read this article to learn more about the ECOMI platform and non-fungible tokens. They are trending across the internet nowadays as more people see them as a way to make money. Read further, and you will learn how these digital collectibles work.

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First, I’ll talk about the purpose of the ECOMI platform and its two parts: ECOMI Collect and the ECOMI Secure Storage Wallet. After that, I’ll explain what both of them do and how they work. Then, I’ll share more details about NFT collectibles and OMI coins, such as the latter’s trading volume. These should help you decide if you should invest in ECOMI or not.

What is ECOMI (OMI)?

This is the OMI coin icon.

Photo Credit: priceprediction.net

This is a technology company that is based in Singapore. David Yu founded it in 2018, and it focuses on digital collectibles. In other words, it deals with NFTs or non-fungible tokens.

These are digital media that have ownership tied to a blockchain or crypto network. This lets owners have a unique copy despite multiple copies out there.

At first, this may seem useless, but you may compare it to regular art pieces. Let’s take the original Girl With The Pearl Earring” by Dutch artist Johannes Vermeer.

The original work is at the Mauritshuis museum in The Netherlands, but you can find thousands of copies on Google. Now, print that and then frame it at your home.

Does it have the same value as the one in the museum? It could look similar in every way, but the value of your printout doesn’t come close to the original.

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This is why NFTs have been trending in 2021, and it is what boosts ECOMI’s value. What’s more, it uses Omi coins as its native cryptocurrency.

It’s more accurate to call them OMI tokens, but for the sake of simplicity, I’ll refer to them as OMI coins. They serve as a utility token since OMI has two functions:

  • It lets you buy digital goodies on ECOMI Collect.
  • OMI coins allow you to access special features like the Master Collector Program.

Read More: How to Create NFT Art

What is ECOMI Collect?

The platform that lets you buy, sell, and store the NFTs is called ECOMI Collect. If you’ve been following cryptos before, you’ll know that there are a lot of NFT marketplaces right now.

ECOMI Collect sets itself apart by maintaining a dollar value for the collectibles. This means that no matter how the value of OMI coins goes up or down, the NFTs will have the same price.

This isn’t the case with other marketplaces such as the one for the NFT game Axie Infinity. Its digital pets cost Ethers, the native cryptocurrency of the Ethereum (ETH) network.

Since the value of ETH has been going up, so too are the pet prices. This makes it harder for newcomers to start playing Axie Infinity unless someone grants them a scholarship.

That’s not an issue in ECOMI’s digitible collectible space. What’s more, it has other nifty features. Let’s take a closer look at each of them below:

  • The Store is where people can buy the premium NFTs with their NFT coins.
  • ECOMI’s Secondary Marketplace is where people can buy, sell, and trade their collectibles. Those folks may even put their NFTs on a 7-day auction.
  • Its Augmented Reality (AR) tools let you view those collectibles in the real world through your smartphone. What’s more, you could place it in your surroundings however you want.
  • Virtual showrooms are digital spaces where you can show your collectibles to people. You could customize the showroom and the NFTs in it however you like.
  • ECOMI Collect allows users to play AR games with others using their NFTs.
  • What’s more, it has a Social Wall that serves as a community hub for ECOMI users.

You may start using ECOMI Collect via the VeVe app on Android and iOS. Meanwhile, you may buy OMI coins on AscendEx, Bitforex, OKEx, and Uniswap crypto exchanges.

What is the ECOMI Secure Storage Wallet?

People may store their cryptocurrencies in their crypto storage accounts or digital wallets. Sadly, others can get into them and steal their assets. That’s why ECOMI provides a cold wallet.

These are devices that let you store cryptos offline. They also have more layers of security, so others are less likely to get into them. ECOMi’s is called the Secure Storage Wallet.

It looks similar to the CoolWallet S because it’s as thin as a credit card. Yet, it lets you view your OMI coins and NFTs right on the device, and it delivers top-notch security.

Should you invest?

These are cryptocurrencies.

At the time of writing, the OMI price was $0.00641. The total supply is 750 billion OMI coins, the circulating supply was 166,285,821,196 OMI, and the market cap was $1,071,918,255.74.

Note that these figures have probably changed by the time you’re reading this. They may even change within the next 24 hours! If you’re an investor, this isn’t your concern right now.

Instead, you might be wondering if you should put OMi coins in your portfolio. Well, I’ll give you the same answer I’ve provided in my other articles: It’s up to you!

I only meant to inform you about ECOMI, not promote it in any way. You should be the one planning your investments. Learn more about OMI tokens and cryptos.

Also, be clear about what you want from investing. For example, do you want short-term or long-term gains? These will help you decide if these coins are worth it.

Final thoughts

Again, my article is not meant as investment advice. Instead, I suggest you make an investment plan before spending on any asset, not just OMI coins.

It can be tempting since NFTs are trending, but you should base your investment decisions on other factors. You might be missing important ones before you focus on the current trend.

The internet has so many free resources that can teach you more about cryptos. You don’t have to look further since you can just read the other articles on Inquirer USA.

Disclaimer: This article is the author’s personal opinion, which may differ from the “official” statements or facts. All writers’ opinions are their own and do not constitute financial advice in any way whatsoever. Nothing published by Inquirer.net constitutes an investment recommendation, nor should any data or content published by Inquirer.net be relied upon for any investment activities.

Usa.inquirer.net strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.

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TAGS: crypto, interesting topics, metaverse, NFT
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