What is the issuance amount of ECOMI (OMI) coins?

What is the Issuance Amount of ECOMI (OMI) Coins?

ECOMI (OMI) is a digital currency that is used to facilitate transactions on the VeVe digital collectibles platform. VeVe allows users to buy, sell, and trade digital collectibles representing popular brands and characters from the worlds of entertainment, sports, and pop culture. OMI is the native token of the VeVe platform and is used to purchase digital collectibles, pay for transactions, and participate in governance votes.

The issuance amount of OMI coins is 750 billion, with a circulating supply of 180 billion as of January 2023. The remaining 570 billion OMI coins are held in reserve for future distribution and development of the VeVe platform.

Steps for Determining the Issuance Amount of ECOMI (OMI) Coins

1. Check the VeVe Whitepaper: The VeVe whitepaper outlines the issuance amount of OMI coins as 750 billion, with a 24% circulating supply at the time of the whitepaper's publication in December 2020.
2. Review Cryptocurrency Market Data Websites: Cryptocurrency market data websites such as CoinMarketCap and CoinGecko provide real-time information on OMI's circulating supply. As of January 2023, both websites report a circulating supply of approximately 180 billion OMI.
3. Refer to ECOMI Official Announcements: ECOMI has published multiple announcements on its website and social media channels regarding the issuance amount of OMI coins. These announcements confirm the total supply of 750 billion OMI and provide updates on the circulating supply.
4. Analyze OMI Token Distribution: The ECOMI team has outlined the distribution of OMI tokens as follows:

• Private Sale: 15%
• Public Sale: 10%
• Team and Advisors: 15%
• Ecosystem and Marketing: 10%
• Exchange Reserves: 24%
• Foundation Reserves: 26%

The circulating supply of 180 billion OMI primarily consists of tokens released through the public sale, exchange reserves, and ecosystem and marketing initiatives.

5. Monitor Blockchain Explorer: By analyzing the ECOMI blockchain explorer, it is possible to verify the issuance amount and circulating supply of OMI coins. The blockchain data provides a transparent record of all transactions and token movements, allowing investors to track the issuance and distribution of OMI.