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On 18 January 2022, Ecomi completed the in-app migration of Omi, meaning any OMI in the VeVe app was on layer-2. Trading activity picked up in January this year, with buying momentum lifting OMI just above the 20-day trend line for the first time since 2 January. Despite these corrections, the support line was consistently raised, from $0.001 in late June to $0.005 in late October 2021. Since then, OMI has proved to be a volatile asset, with sharp upward price swings and subsequent corrections witnessed from July to October. OMI hit a new high of $0.013 on 19 March 2021, in the early stages of the 2021 crypto bull run. Additionally, 10% of company revenues from primary sales go towards purchasing OMI on the exchanges to keep in-app liquidity replenished. The details are explained on its website, but in short, the equivalent value of primary in-app purchases is burned from the supply, contributing to scarcity. Vesting periods are in place for company tokens to prevent dumping.ĮCOMI’s burn and buy-back strategy seeks to maintain deflationary pressure.
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The remaining 20% is reserved for business development endeavours. A further 40% is reserved as liquidity on the VeVe app, and 20% is held by developers, advisers and board members. At the time of writing on, the coin was trading at $0.001546, giving ECOMI a market capitalisation of $410.9m.ĮCOMI conducted a private presale and initial exchange offering (IEO) throughout 2019, when 20% of supply was made available. OMI has a maximum supply slightly below 310.8 billion, with a current circulation of 264.3 billion. OMI tokenomics: the basicsīefore assessing the ECOMI coin price prediction, let’s look at some key figures. Have these developments shaken up the ECOMI price prediction? Let’s have a look. In March, the OMI token went live on the Bitmark centralised exchange. The Singapore-based company provides one of the largest collections of digital pop culture assets built on the GoChain network, with licensors ranging from Marvel and DC Comics to Coca-Cola and Citroën. ECOMI differs from NFT marketplaces such as OpenSea and Rarible, however, in that its digital assets are not interoperable with other wallets – its collectables exist solely inside the OMI wallet.ĮCOMI has also been criticised on social media – principally by Reddit users – for its inability to convert in-app tokens back into fiat currency, while the abundance of ‘bots’ snapping up entire collections is also a cause for consternation for some.ĭespite these issues, ECOMI boasts a huge global user base, and by the end of January had completed its migration of the platform over to Ethereum’s layer-2 Immutable X protocol.
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OMI is the GO20-standard utility token that powers the ECOMI digital collectables project and its associated VeVe application and digital showroom.