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Hightlights:
- ECOMI (OMI) is a Singapore-based tech company specializing in digital assets.
- OMI is the native token of the ECOMI ecosystem.
- The token rose 7.31% to US$0.001625 at 2:48 am ET on Thursday.
ECOMI (OMI) token grabbed attention as its price rose 7.31% in the last 24 hours to Thursday afternoon. It was priced at US$0.001625 at 2:48 am ET.
Its trading volume also increased over 54% to US$45,000. The token rallied after it said it gave away a VIP ticket to NFT Expoverse to be held in Los Angeles, California, from July 29 to 31.
The three-day conference will deliberate on NFTs and blockchain technology.
The company said a lucky winner received a VIP ticket worth more than US$3,000.
Let’s understand more about ECOMI.
ECOMI is a Singapore-based technology company engaged in the digital collectible space. It offers a one-stop shop for digital collectibles.
It also provides a hardware wallet and a mobile-first NFT platform called VeVe.
The company hopes to acquire a major share in the lucrative crypto industry with its digital collectables, which it considers a new asset class that can offer new revenue streams to intellectual property owners in the particular segment.
Its NFT platform, VeVe, is built for digital asset collectors. It claims to be one of the largest mobile-first digital collectible platforms and entertainment apps on Google Play.
VeVe app has more than 300,000 users and has sold over 500,000 collectibles since it went live in 2021. The app can be downloaded on iOS and Android platforms, but it also plans to make it available on the web platform.
OMI token:
OMI is the native token of the ECOMI ecosystem for transactions and other functions.
Its current market capitalization is US$429 million. It has a self-reported circulating supply of 264.38 billion and a total supply of 310.8 billion. The crypto exchanges that offer the token for trading include OKX, Gate.io, BitForex, AscendEX, and BitMax.
ECOMI began generating the token in 2019. It has since burned around 103 billion tokens or permanently removed from the total supply.
Bottom line:
The crypto market is volatile; investors should cautious when investing in cryptocurrencies.
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