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ECOMI is a blockchain-based marketplace for non-fungible tokens (NFTs) and digital collectibles. It aims to utilize distributed ledger technology to develop the world's best platform for purchasing, protecting, and collecting premium licensed digital collectibles. Its ecosystem is powered by the native token OMI and was launched based on GoChain's GO20 token standard.
Using NFTs, the platform enables users to possess one-of-a-kind digital collectibles, which can be accessed, displayed, and traded through its marketplace. Ecomi focuses on partnering with renowned intellectual properties and collaborating with major brands and entertainment franchises to provide its users diverse collectibles.
ECOMI comprises two essential elements: VeVe and Secure Wallet. VeVe is an app-based marketplace for premium licensed digital collectibles. It also allows users to customize and display digital collectibles in virtual showrooms. Users can also use OMI tokens to buy, sell, or trade their digital assets with other users. In addition, the platform offers NFT collectibles from prominent brands like Star Wars, Marvel, DC, Coca-Cola, Pixar, Givenchy, and Disney.
Supporting over 1000 digital assets, Secure Wallet is the world's first credit card-sized cold storage hardware wallet. The wireless and portable wallet also provides NFT support and secure offline storage.
OMI price tokenomics
The total supply of OMI tokens is set at 750 billion, with Ecomi adopting a deflationary approach to manage the token supply and enhance its long-term value. As part of this strategy, a portion of the OMI used in transactions is deliberately burned, reducing the overall token supply and potentially increasing its scarcity. The burning mechanism is designed to create positive price pressure on OMI, benefiting token holders as the token's value may appreciate over time.
The distribution of OMI tokens is as follows:
- Twenty percent was sold during the initial coin offering (ICO).
- Forty percent was sold through in-app purchases on the VeVe app.
- Twenty percent is allocated for business development purposes.
- Twenty percent is reserved for the team, advisors, and board of directors.
Furthermore, 103 billion OMI have been permanently removed from the token's circulating supply since launch. Ongoing buybacks and token burns will also gradually reduce OMI tokens supply, thus positively impacting the OMI price.
About the founders
CEO David Yu founded ECOMI alongside co-founders Daniel Crothers and Joseph Janik. Yu has over 20 years of experience in intellectual property, licensing, and retail. He founded various companies, including Games R Us Ltd. And Retail Management Group Ltd.
Crothers co-founded multiple companies, including HERB, the largest media publication, and Digitalus, a web agency that worked for international clients like The Red Cross and Hasbro. Janik owns multiple successful businesses and has been involved in blockchain since 2016. His previous expertise areas include cloud technology, health, and lifestyle automation.
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