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Introducing Ormeus Cash

a True Transactional Coin for a New Era of Commerce

For years, many dreamed of a cryptocurrency that could be used as an online payment method without the expensive touchpoints experienced in traditional digital payment methods. High costs to consumers and merchants, slow blockchain confirmations, wildly fluctuating currency values – all of this barred the way from adopting a cryptocurrency as a globally accepted payment method.

Until now. Ormeus Cash (OMC) is an asset-backed virtual currency with a stable transactional price – a new breed of cryptocurrency known as a Transactional Coin. The collateral for the coin is held trustlessly in smart contracts, so users don’t have to rely on third parties to confirm or redeem. OMC has all the features that make Bitcoin so appealing but it doesn’t suffer from the same volatility or protracted transaction times, making it much more usable as a store of value, medium of exchange, and unit of account. Ormeus Cash offers a bright glimpse of a future in which virtual currency becomes the norm for payment rather than the exception.

Multi Crypto Collateralized

Crypto-collateralized Transactional Coins are similar to fiat-collateralized coins, except their underlying collateral is another cryptocurrency instead of a real-world tangible commodity or a fiat currency.

Ormeus Cash avoided a fiat-collateralized scheme by indirectly backing the currency with reserves of Bitcoin, Bitcoin Cash, Dash, Litecoin, Ethereum through Ormeus Coin. Everything is on the Blockchain and no fiat is needed. We believe this to be the first multi-crypto collateral scheme of its kind.

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Proof of Asset Protocol

Ormeus provides for the tokenization and documentation of its physical crypto mining assets and profits through its Proof of Asset (PoA) Protocol. Mining assets are continually monitored and remotely appraised in real time through its Reserve Vault System.

This groundbreaking Proof of Asset Protocol is central to proving how Ormeus is initially setting aside up to 50 Million Ormeus Coin in the reserve vault, with scaling based on the distribution of Ormeus Cash.

In other words, if the average price of Ormeus Coin is USD $5 for example, then 50 Million coins secured in the vault escrow would give an underlying value of USD$250 Million to Ormeus Cash.

The Ormeus Proof-of-Asset Protocol is fundamental to the company being run as a Decentralized Autonomous Organization (DAO) – a corporation run through rules encoded in a computer program.

Ormeus Cash – Global Decentralized Payment Processing Network

  • Proof of Asset Mining with smart contract protocols.
  • Backed by the Ormeus Reserve Vault and investment of significant privately-owned mining operations.
  • Ormeus Reserve Vault stabilizes Ormeus Cash against natural marketplace volatility in the price of its coin “basket” – if one coin dips or rises in the group backing it, the reserve acts as a cushion against huge changes in value.
  • Unalterable smart contracts guide the reinvestment of 40% of mining profits through a cryptographically related, publicly identifiable currency vault.
  • Wallet to wallet, physical debit card, and virtual mobile wallet planned to make transactions smooth, contractless, and easy.

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Ormeus Cash (OMC) Roadmap

OBJECTIVE TIMEFRAME STATUS
Build and initialize ERC-20 Ethereum token, “OMC” Q3 - 2018 COMPLETE
Abstract White Paper Q3 - 2018 COMPLETE
Website Launch Q3 - 2018 COMPLETE
     
Coin Listing
Q2 - 2020 COMPLETE
Coin Market Cap Listing
Q2 - 2020 COMPLETE
Executed Contract for DAO Governance Model
Q3 - 2020 COMPLETE
AI Algorithmic Decentralized Project
Q3 - 2020 COMPLETE
DeFi Platform Phase 1
Q3 - 2020 COMPLETE
OMC GO Alpha Testing
Q4 - 2020 COMPLETE
     
ORV 3.0 Main Smart Contract Q2 - 2021 COMPLETE
     
DEX Aggregator implementation  Q3 - 2021  PENDING
ORV 3.0 Yield Farming implementation Q3 - 2021 PENDING
ORV 3.0 new webpage Q3 - 2021 PENDING
DAO Completing Governance WhitePaper
Q3 - 2021 PENDING
DAO Market Place
Q3 - 2021 PENDING
AVATAR Launch "ABBY" Q3 - 2021 PENDING
Technical Whitepaper
Q3 - 2021 PENDING
DeFi Platform Phase 2 Q3 - 2021 PENDING
High TPS Blockchain - ORMEUS Chain Q3 - 2021 PENDING
OMC BW Listing Q3 - 2021 PENDING
Ormeus University Token Education
Q3 - 2021 PENDING
Ormeus University Blockchain Training Q3 - 2021 PENDING
Ormeus University Decentralize Insurance Q3 - 2021 PENDING
     
Merchant P.O.S. API
Q4 - 2021 PENDING
List OMC on POS Hardware
Q4 - 2021 PENDING
Ormeus Cash Debit Card
Q4 - 2021 PENDING
Upgraded Tech Token Swap
TBA PENDING
Charge Back feature for Merchants
TBA PENDING
Ormeus Cash Credit Card
TBA PENDING
     
"TBA" (meaning "To Be Announced")     

ADVISOR INVESTORS

JOHN BARKSDALE
INVESTOR / ADVISOR

COIN TECHNOLOGY TEAM

DR. IEVGEN
TRADING ALGORITHM DEVELOPER

KIRILL
BLOCKCHAIN DEVELOPER

TARAS
TECH LEAD

BEN
PROGRAMMER

KRIS FAIRICH
PROGRAMMER

MARKETING COMMUNICATIONS

SAMANTHA CHAN
CRYPTOCURRENCY & MARKETING EXPERT

ABIGAIL FLOAT
CRYPTOCURRENCY MEDIA CORRESPONDENT

ERIN TIERNAN
HOSPITALITY COORDINATOR

ELITE TEAM

CHRISTER EVERETTSON
ELITE
TEAM MEMBER

JAN KVASNICA
ELITE
TEAM MEMBER

BJORN FRANZEN
ELITE
TEAM MEMBER

PEDRO BRANHAMR
ELITE
TEAM MEMBER & COMMUNITY ADMIN

DAVY DEBLAERE
ELITE
TEAM MEMBER

DWAYNE STEVENS
ELITE
TEAM MEMBER

ANTON ÅSTROM
ELITE
TEAM MEMBER

TAURYCE ABRAHAM
ELITE
TEAM MEMBER

PATRICK DESJARDINS
ELITE
TEAM MEMBER

ANNE GILBERG
ELITE
TEAM MEMBER

HENDRIK HENDRICKX
ELITE
TEAM MEMBER

MAARTEN JANSSENS
ELITE
TEAM MEMBER

COIN DISTRIBUTION

COMING SOON

TECHNICAL SPECIFICATIONS

Ormeus Coin is an ERC-20 token9 which is built upon the Ethereum10 blockchain. This specific classification of token has a fairly standardized protocol best practices which can be reviewed at length in the official ERC-20 token standard guidelines.

Ormeus Cash Ethereum contract wallet address:
0xd6bd97a26232ba02172ff86b055d5d7be789335b

Ormeus Cash was created with the following transaction:
0x38cd91a41034a608e95240c67109196066595b9b1c91f061a0a1a9524ebcee06

The Ormeus Cash creation transaction was added to the Ethereum blockchain at block
#5215006

The following table of technical specifications for Ormeus Coin can be viewed and verified with the EtherScan11 tool located:
Here

Ormeus Cash Binance Smart Chain contract wallet address:
0x5D2F9a9DF1ba3C8C00303D0b4C431897eBc6626A

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