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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
Strategic Partnership with leading crypto currency company
Q3-2018 COMPLETE
 
Coin Listing
Q4-2019 PENDING
Exchange Distribution
Q4-2019 PENDING
Coin Market Cap Listing
Q4-2019 PENDING
 
Technical White Paper
2020 PENDING
Merchant P.O.S. API
2020 PENDING
P.O.S. Hardware Release
2020 PENDING
Upgraded Tech Token Swap
2020 PENDING
Orme Cash Debit Card
2020 PENDING
Charge Back feature for Merchants
2020 PENDING
Orme Cash Credit Card
2020 PENDING

ADVISOR INVESTORS

JOHN BARKSDALE
INVESTOR / ADVISOR

COIN TECHNOLOGY TEAM

KEELAN BRETTNER
DEVELOPER / TECH LEAD

DR. IEVGEN
TRADING ALGORITHM DEVELOPER

MARTIN PROKOPEC
EXCHANGE COMMUNICATIONS

TARAS
TECH LEAD

KRIS FAIRICH
PROGRAMMER

AIDAN
PROGRAMMER

BEN
PROGRAMMER

KIRILL
BLOCKCHAIN DEVELOPER

MARKETING COMMUNICATIONS

SAMANTHA CHAN
CRYPTOCURRENCY & MARKETING EXPERT

ABIGAIL FLOAT
CRYPTOCURRENCY MEDIA CORRESPONDENT

ERIN TIERNAN
HOSPITALITY COORDINATOR

MARTHA CISKE
ONLINE MEDIA SPECIALIST

ANDREW GRIEVE
CONTENT WRITER

PEDRO BRANHAMR
COMMUNITY DIRECTOR

COIN DISTRIBUTION

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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

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