ECOMI Price

ECOMI (OMI) is a cryptocurrency that powers the ECOMI ecosystem, a blockchain platform focused on digital collectibles and NFTs. Currently ranked #563 with a price of $0.0001396, OMI enables users to buy, store, and trade licensed digital assets on the platform. The token operates primarily on Ethereum and Base blockchains, supporting ECOMI's vision of bringing premium licensed collectibles to the digital world. With a 24-hour trading volume of $33.09K and market capitalization of $37.83M, OMI has shown -0.14% movement in the last 24 hours. OMI is utilized for transactions within the ECOMI ecosystem, including purchasing digital collectibles, and features in their metaverse and play-to-earn initiatives. The total supply is 310.88B OMI with 270.95B OMI currently in circulation.

ECOMI (OMI) was created on May 15, 2019. The cryptocurrency was launched through an initial coin offering (ICO) and operates primarily on the Ethereum platform. Since its creation, ECOMI has established itself in the collectibles and NFT space, becoming an integral part of the digital collectibles ecosystem. The project has continued to evolve with its integration into metaverse and play-to-earn applications, expanding its utility beyond its original scope.

ECOMI was founded by David Yu, Daniel Crothers, and Joseph Janik in 2017. They established the company with the vision of creating an engaging digital platform using blockchain technology. Their goal was to enable users to own and trade digital collectibles in a decentralized manner. The OMI token serves as the native cryptocurrency for the entire ECOMI ecosystem, powering various functions within their NFT and digital collectibles platform.

ECOMI (OMI) works on a dual-blockchain system, operating on both Ethereum and Base networks. It functions as the utility token for the VeVe digital collectibles platform, where users can buy, sell, and trade licensed NFTs from major brands. OMI uses a deflationary model where tokens are burned during transactions, reducing the total supply over time. Currently, there are 270.95B OMI tokens in circulation out of a total supply of 310.88B OMI. The token enables various functions within the VeVe ecosystem: - Purchase of premium digital collectibles - Payment for transaction fees - Staking for rewards - Governance participation OMI transactions are secured through smart contracts, with a portion of marketplace fees used to buy back and burn tokens, creating deflationary pressure. The token's value is tied to the growth of the VeVe platform and its expanding partnerships with entertainment brands in the collectibles, gaming, and metaverse sectors.

ECOMI operates on a dual-blockchain architecture. It was initially built on the GoChain blockchain but has since migrated to Ethereum (ERC-20) and Base networks for improved scalability and interoperability. The token uses a proof-of-stake consensus mechanism that enables efficient transaction processing while maintaining security. The technical infrastructure of OMI supports the platform's NFT marketplace and digital collectibles ecosystem. It features a layer-2 solution to reduce gas fees and increase transaction throughput. The architecture includes smart contracts for token governance, staking mechanisms, and marketplace transactions. ECOMI's technical design also incorporates token burning mechanisms to manage supply and potentially increase value over time. The multi-chain presence allows users to choose the network that best suits their needs regarding transaction speed and costs.

ECOMI (OMI) has a promising future in the Web3 and NFT space. The roadmap focuses on expanding the VeVe digital collectibles platform, enhancing NFT utility, and strengthening partnerships with major entertainment brands. By 2027, ECOMI plans to implement improved tokenomics with more burn mechanisms to reduce the 310.88B OMI. For 2028-2031, the team aims to expand cross-chain functionality beyond Ethereum and Base ecosystems. Key upcoming developments include: - Enhanced staking rewards - Metaverse integration for digital collectibles - Play-to-earn gaming features - Expanded utility within the collectibles ecosystem With current market cap at $37.83M and growing adoption in the NFT space, analysts project potential price growth to around $0.001259 by 2029, driven by strategic partnerships and platform development.