Who issued the ECOMI(OMI) currency?

Who Issued the ECOMI(OMI) Currency?Introduction

ECOMI (OMI) is the native token of the VeVe marketplace, a mobile-first digital collectibles platform. VeVe allows users to collect, display, and trade licensed digital collectibles from popular brands such as DC Comics, Warner Bros., and Hasbro.

Issuer of ECOMI (OMI)

OMI is issued by ECOMI, a Singapore-based technology company founded in 2018. ECOMI is led by David Yu, the company's CEO and co-founder.

Details of the OMI Issuance

• Initial Coin Offering (ICO): ECOMI raised $2.5 million in its ICO in 2019.

• Token Allocation: OMI was distributed as follows:

  • 40% to the ECOMI team
  • 30% to ICO participants
  • 20% to strategic partners
  • 10% to advisors and contributors
• Total Supply: The total supply of OMI is 750 billion tokens.

Role of OMI in the VeVe Ecosystem

OMI plays a crucial role in the VeVe ecosystem, serving several functions:

• Collectibles Marketplace: OMI is used as the currency to purchase digital collectibles on VeVe.
• Reward Program: OMI is distributed as rewards to users for participating in challenges, completing quests, and referring new users to VeVe.
• Governance: OMI holders can participate in governance proposals and vote on platform updates and developments.

Benefits of Holding OMI

Holding OMI offers several benefits to users:

• Access to Exclusive Collectibles: OMI holders have access to exclusive drops and limited-edition collectibles not available to non-holders.
• Discounted Purchases: OMI can be used to purchase VeVe collectibles at discounted prices.
• Staking Rewards: OMI holders can stake their tokens to earn passive income.
• Governance Participation: OMI gives holders the ability to influence the direction of the VeVe platform through governance voting.