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What is ECOMI and what problem does it solve?

ECOMI is a Singapore-based technology company focused on the digital collectible market. The company developed VeVe, a blockchain-based marketplace where users can buy, sell, and share digital collectibles and comics across a social network. The platform integrates a store, a second-hand market, and an augmented reality (AR) showroom, allowing collectors to display their assets in a virtual environment or place them in physical spaces using AR.

The ecosystem consists of two primary components: the VeVe platform and the ECOMI Secure Storage Wallet. The latter is a credit card-sized cold storage hardware wallet designed to protect private keys and digital currencies from theft. By combining these tools, ECOMI aims to modernize the pop culture and collectibles industry, treating digital collectibles as a new asset class that provides intellectual property owners with new revenue streams.

The OMI token serves as the utility token for this ecosystem. It is used as the medium of exchange for transactions on the VeVe platform and provides an immutable record of ownership for the digital collectibles. VeVe has secured partnerships with major global brands, including the NFL, MLB, and DC characters such as Batman and Superman.

What are ECOMI's current market statistics?

As of the current reporting period, OMI is ranked #213 by market capitalization. The token is trading at $0.00473381 with a market capitalization of $787,165,139.26. Trading activity is significant, with a 24-hour volume of $12,751,699.066.

The token has shown strong short-term momentum. The price has increased by 39.31% in the last 24 hours, 122.04% over the last seven days, and 101.16% over the last 30 days. However, the 90-day trend remains negative, with a decrease of 37.86%.

The total and maximum supply are both set at 750,000,000,000 OMI, with 166,285,821,196 OMI currently in circulation. According to project documentation, approximately 40% of the total supply (300 billion OMI) is held in the in-app reserve.

How does ECOMI's technology work?

OMI is a GO20 token built on the GoChain blockchain. GoChain is a scalable, decentralized blockchain that supports smart contracts (self-executing contracts with terms written into code) and decentralized applications, often called DApps. This architecture is completely backwards compatible with the Ethereum blockchain, allowing for easier integration and portability.

The core utility of the OMI token is tied to the VeVe app. Users utilize OMI to trade premium licensed 3D collectibles. The technology enables a "phygital" experience, where some releases include both a physical item, such as a silver coin, and a corresponding digital collectible. These assets are managed via the VeVe store and a secondary market where users can trade their holdings.

To maintain the ecosystem, ECOMI employs a token burn mechanism. For example, when users purchase VeVe Gems using OMI on the StackRworld marketplace, OMI is burned from the circulating supply. This process reduces the total number of tokens available, which is a common mechanism used to manage supply and potentially influence value.

The project also emphasizes security through its Secure Storage Wallet. This hardware wallet provides cold storage, meaning the private keys are kept offline and away from internet-connected devices to prevent hacking. This addresses the risk of digital asset theft, which the company notes affects hundreds of millions of assets annually.

What is the community and social sentiment around ECOMI?

Social sentiment for OMI is currently characterized by high volatility and a mix of extreme optimism and skepticism. Official communications from the @ecomi_ Twitter account focus heavily on ecosystem growth, specifically the listing on Kraken and the activity on the StackRworld marketplace. Recent data shows high engagement around "leaderboard rewards," with hundreds of millions of OMI being spent weekly on the marketplace.

Bullish sentiment is driven by the "Collect Chain" migration and the OMI burn mechanism. Community members and analysts, such as @FosterHilt, have highlighted the OMI-to-NFT utility and the impact of burns on the circulating supply as strong positive catalysts. The "phygital" releases, such as the ECOMI Gold & Silver Coin, also generate excitement among traditional collectors moving into the digital space.

Conversely, there are signs of frustration and technical concern. Some users have questioned the price action, asking why the token "always comes back down" after a pump. More critically, an on-chain analysis of the OMI token on Ethereum revealed a "Sentinacle Trust Score" of 95/100 but noted a lack of active liquidity (approximately $35k) on certain network forks, which prevented dynamic simulation of execution paths. This suggests that while the contract is structurally sound and ownership is renounced, liquidity depth on specific chains remains a point of observation for institutional risk models.

Where can you buy OMI?

OMI is available on several centralized exchanges and through specialized marketplaces.

  • Gate.io is a strong option for OMI traders, listing over 2,250 cryptocurrencies and offering a trust rating of 8/10. It provides various trading types including spot and futures, with maker and taker fees starting at 0.2%.
  • AscendEX (Bitmax)) provides another avenue for acquiring OMI tokens through its trading platform.
  • BitForex is a listed exchange where OMI was originally sold during its initial exchange offering.

For those preferring a non-custodial approach, users can engage with the StackRworld marketplace, where OMI is used to purchase VeVe Gems and digital collectibles.

Should you buy OMI? Risk and potential evaluation

The potential for OMI lies in its integration with massive global intellectual properties. By partnering with brands like Disney, DC, and the NFL, ECOMI has a bridge to a massive existing market of traditional collectors. The implementation of a burn mechanism linked to marketplace activity creates a direct link between platform usage and token scarcity. The recent 122% seven-day price surge indicates strong speculative interest and potential momentum.

However, the risks are substantial. The gap between the circulating supply (166 billion) and the total supply (750 billion) is vast. While 300 billion OMI are in an in-app reserve, any large-scale release of these tokens could create significant sell pressure. Additionally, the project's reliance on the GoChain network and the specific liquidity issues noted in some on-chain audits suggest that the asset may be subject to higher volatility and slippage than larger-cap tokens.

This asset likely suits a high-risk investor with a long-term horizon who believes in the "phygital" collectible trend. It is not suitable for conservative investors due to the extreme price swings and the high percentage of tokens not yet in circulation.

This is not financial advice. Always do your own research (DYOR) before investing.

Frequently asked questions about ECOMI

What blockchain is OMI built on?

OMI is a GO20 token built on the GoChain blockchain. GoChain is designed for scalability and is fully backwards compatible with Ethereum.

Who created ECOMI?

The company was co-founded by CEO David Yu, Daniel Crothers, and Joseph Janik. David Yu has a background in the license and retail industries dating back to 1996.

What makes OMI unique compared to other NFT tokens?

Unlike many NFT projects, OMI powers a curated marketplace (VeVe) with official licenses from global brands like the NFL and MLB. It also integrates augmented reality for displaying collectibles.

Is OMI safe and legit?

The project has established partnerships with major global brands and a functioning app. However, on-chain analysis indicates that liquidity on certain forks is low, which can affect the ability to perform dynamic risk simulations.

What are the risks and outlook for ECOMI?

The primary technical risk for OMI is the concentration of supply. With a total supply of 750 billion and only about 22% in circulation, the market remains sensitive to how the reserve tokens are managed. Competitive threats from other NFT marketplaces and the broader volatility of the "collectibles" narrative also pose risks.

The near-term outlook is influenced by the "Collect Chain" migration and the continued burning of OMI through the StackRworld marketplace. The recent price spike suggests a recovery from the 90-day low, but the asset remains highly speculative. If the project can successfully convert traditional collectors into long-term OMI holders, the utility of the token will increase. Otherwise, it may continue to trade based on short-term hype cycles.

ECOMI Market Sentiment

BullishBearish
47.8% 52.2%

Total votes: 197

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Rank

#

$N/A

+7.38%
Market cap
$506.53M
Volume (24h)
$3.99M
Circulating supply
166.29B OMI
Total supply
750.00B OMI