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.
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.
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 |
| DeFi Platform Phase 2 | Q1 - 2022 | COMPLETE |
| Build and Initiate DAO | Q2 - 2022 | PENDING |
| DAO Completing Governance WhitePaper | Q2 - 2022 | PENDING |
| DEX Aggregator implementation | Q2 - 2022 | PENDING |
| ORV 3.0 new webpage | Q2 - 2022 | PENDING |
| ORV 3.0 Yield Farming implementation | Q2 - 2022 | PENDING |
|
DAO Market Place
|
Q4 - 2022 | PENDING |
|
|
||
| AVATAR Launch "ABBY" | TBA | PENDING |
|
Technical Whitepaper
|
TBA | PENDING |
| High TPS Blockchain - ORMEUS Chain | TBA | PENDING |
| OMC BW Listing | TBA | PENDING |
|
Ormeus University Token Education
|
TBA | PENDING |
| Ormeus University Blockchain Training | TBA | PENDING |
| Ormeus University Decentralize Insurance | TBA | PENDING |
|
Merchant P.O.S. API
|
TBA | PENDING |
|
List OMC on POS Hardware
|
TBA | PENDING |
|
Ormeus Cash Debit Card
|
TBA | PENDING |
|
Upgraded Tech Token Swap
|
TBA | PENDING |
|
Charge Back feature for Merchants
|
TBA | PENDING |
|
Ormeus Cash Credit Card
|
TBA | PENDING |
| "TBA" To Be Announced |
TEAM
COIN TECHNOLOGY TEAM
DR. IEVGEN
TRADING ALGORITHM DEVELOPER
KIRILL
BLOCKCHAIN DEVELOPER
TARAS
TECH LEAD
BEN
PROGRAMMER
KRIS FAIRICH
PROGRAMMER
MARKETING COMMUNICATIONS
ABIGAIL FLOAT
CRYPTOCURRENCY MEDIA CORRESPONDENT
ERIN TIERNAN
HOSPITALITY COORDINATOR
ELITE TEAM
JAN KVASNICA
ELITE
TEAM MEMBER
ANTON ÅSTROM
ELITE
TEAM MEMBER
TAURYCE ABRAHAM
ELITE
TEAM MEMBER
MIREK PECH
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
