Ormeus Coin (ORME) is a digital asset that has defied the negative vibe about it to achieve several milestones since its inception. The team has stood its ground working its way through the roadmap diligently. The coin is now traded on several exchanges besides being listed on CoinMarketCap.
What is Ormeus Coin (ORME)?
This is an entirely new cryptocurrency that was introduced in the market in a whole new way. Instead of the investor buying coins in the Initial Coin Offering, they bought packages which gave them shares in a mining farm that is run by the company. In short, Ormeus is a pre-mined coin that is backed by a fully-audited USD250 million industrial mining farm. Consequently, the proceeds from the mining operations are cryptographically linked to the Ormeus Reserve Vault (ORV) using a specific proof-of-asset protocol as well as the integrated Ethereum smart contracts that are ERC20 compliant.
The number of virtual currencies in the market keeps growing by the day. CoinMarketCap has listed at least 1,628 coins and altcoins. ICOs are launching every month and new assets continue pouring into the market. However, for the investors, choosing the right asset can prove to be an uphill task. Therefore, here are 3 reasons why Ormeus (ORME) is crypto to watch towards the end of 2018.
- Limited Coin Supply
Unlike many of the projects in the market, Ormeus coins are only 200,000,000 ORME. A limited coin supply means that the price can go high quite first due to high demand and short supply. At the moment, Ormeus is relatively new in the market but it has a circulating supply of about 17,029,321 ORME according to CoinMarketCap. Its market capitalization is at $12.5 million while it is ranked 391 among all the other cryptos in the market.
- Exchange Listing
Working against all the odds in the market the team has been able to get the asset listed on several exchanges, besides the list keeps growing. As mentioned earlier, Ormeus is listed on CoinMarketCap and users can get acquainted with the performance of the coin on the website. Ormeus is also listed on Cryptopia exchange, HitBtc, Prescott Regency, C-CEX, Mercatox, TopBtc, Exrate, Coin Exchange, Coinbene as well as TWP EX. As the list of exchanges adding ORME expands, its trading volume and market capitalization continue to grow. The price also reacts with upside moments especially when a coin is listed on the big exchanges like Binance.
- Stablecoin Features
The cryptocurrency market is highly volatile. However, investors are looking out for coins that have less volatility and fluctuations. Ormeus (ORME) is one of the few stablecoins in the industry at the moment. Stablecoins are usually tied to something of value; it could be gold or fiat currency reserve or any other valuable asset. Ormeus recently hit the mainstream media after launching a new ‘Gold Standard” Reserve Vault. The team now channels 40% of all the revenue that comes from mining cryptocurrencies into the reserve. The mining operations are located in North America and China and have been linked to the Ormeus Reserve Vault (ORV). The mining is green energy powered and is controlled by an Ethereum-based smart contact system. At least $7.34 million has already made its way into the vault beside, the mining including deposits and data can be viewed by all users in a bid to promote transparency.
Ormeus (ORME) Price Overview
At the time of writing Ormeus is trading at $0.73 and is up 5.95% in the last 24 hours. Its trading volume is currently at $1.4 million. The crypto exchanged above $5.00 in November last year, but like many other assets in the market, it has been hit by a huge selloff. However, Ormeus team is very experienced and has been able to stick to the roadmap so far. Ormeus has the potential to trade above $10 before the end of 2018.