There are many catalysts that will drive the Ecomi (OMI) token higher; however, the most compelling are as follows:
- Marketing
- Migration To Immutable X
- Tier I Exchange Listings
- Token Burning
- Third-Party NFT Marketplaces
- Branded NFTs
- Metaverse Launch
- Money Transfer License
- Localization
MARKETING:
VeVe recently announced a Partnership with Rogers and Cowan PMK, an international public relations firm to help it enhance awareness of Ecommi brands inside international markets. Rogers and Cowan excel in the fields of creative marketing and communications and connect clients to consumers through the world of entertainment, lifestyle, sports, influence, and popular culture. As one of Hollywood’s most storied agencies, R&CPMK work with huge international brands including SnapChat, YouTube, LG, Hasbro, Activision and more, as well as a range of celebrities and public figures including David Beckham, Denzel Washington and Chris Pratt.
This relationship with Rogers & Cowan along with increased investment in creative marketing and media buying will accelerate global awareness of the OMI token.
MIGRATION FROM GO CHAIN TO IMMUTABLE X
In May 2021, Ecomi (OMI) announced a strategic partnership with Immutable X, a layer 2 solution running on the Ethereum Network. Immutable X is the first Ethereum-based layer 2 solution designed specifically to scale non-fungible tokens (NFTs) without the need to compromise decentralization. Migrating from Go Chain (Ecomi's current blockchain) to Immutable X offers many advantages including the following:
- Ecomi can add utility to the OMI token;
- Boost premium NFT sales on Ethereum network;
- Promotion of 2.6 million premium licensed NFTs on Ethereum Network including NFTs from Marvel, DC Comics, Disney, and Warner Bros;
- Allow 1 million registered and active VeVe users to purchase NFTs with zero gas fees;
- NFT investors can own their carbon-neutral assets;
- Active participation in growing Ethereum NFT community.
TIER I EXCHANGE LISTINGS
Ecomi (OMI) is one of the most difficult tokens to purchase as it is not listed on many exchanges. However, regardless of this fact it grew by an incredible 35,404% in the 1st quarter of 2021. With the migration from Go Chain to Immutable X in its third phase, we can expect OMI to be listed on more exchanges. Confirmation of Tier I exchange listings including Binance, Kucoin, Coinbase, Huobi or Crypto.com will explode the token price.
Source: Cryptorank.io
TOKEN BURNING MECHANISM
The Ecomi (OMI) token is a deflationary cryptocurrency asset powered by an innovative burn and buy-back system based on the sale of NFTs. According to Ecomi developers: "With future staking opportunities and a range of additional incentives designed to maximise both the utility and scarcity of the token, the OMI token offers a range of utilities within the ecosystem that will continue to be integral to the app's operation, whilst maximising value for token holders."
In fact, since the launch of the Ecomi (OMI) project billions OMI tokens have been permanently removed from the total token supply.
Ongoing token burns and buybacks will continue to reduce the number of Ecomi (OMI) tokens in circulation, and as these features are based on the sale of NFTs, will continue to deflate the circulating token supply regardless of market conditions. This token burn mechanism when applied to the new revenues realized from such migration to and sale of NFTs on the Ethereum Network, will further assist in decreasing the token supply and ultimately the token price.
THIRD-PARTY NFT MARKETPLACES
With the minting of NFTs on Immutable X, Veve users will finally be able to list their Veve NFTs on third-party NFT marketplaces like Openseas. This is a major catalyst as competition for premium VeVe NFTs on openseas and other marketplaces will drive the price up and in doing so generate additional exposure for Ecomi (OMI) and associated brands.
MONEY TRANSFER LICENSE (MTL)
A Money Transfer License (MTL) gives VeVe users the ability to cashout their gems (token used to purchase NFTs on the Veve Marketplace) to fiat. To date, VeVe users do not have the ability to cash out their appreciating NFT assets. Fortunately, Ecommi's Money Transfer License will change that while encouraging investors whom have realized gains to invest a portion of their profits into the Ecomi (OMI) token. Furthermore, OMI-to-NFT integration will allow users to purchase NFTs with their Ecomi (OMI) token.
BRANDED NFTs
Pop culture, gaming, sports, film and TV, or anime and animation, VeVe offers digital collectibles from your favorite brands including Marvel, Batman, Adventure Time, Monster Hunter, NFLPA, DC Collectibles, Star Trek, Jurassic Park, Fast and the Furious, Back to the Future, Ultraman and Superman. This premium, exclusive catalogue of premium brands is the envy of the NFT sector and will drive VeVe NFT sales and the Ecomi (OMI) token price.
LAUNCH OF METAVERSE
In 2022 Ecomi (OMI) will launch the VeVeVerse. The VeVeVerse will offer an immersive metaverse in which fans and collectors can stake their claim in a new and collaborative world of collecting. Furthermore, enhanced with VeVe's Augmented Reality (AR) features users can stand side by side with their favorite characters and heroes, in the real world. This is achieved by simply scanning the surrounding and tap to drop digital collectibles in AR. Users can then move, rotate and scale digital collectibles to make the 1:1 size and then take photos in the real-world.
Integration of this technology into the Ecomi (OMI) business model will drive mass market adoption and ultimately token price.
LOCALIZATION
With limited marketing, VeVe is quickly climbing the global Entertainment App ranking. Currently, the app is published in English-language directories; however, integration of localization features will allow VeVe awareness to be expanded to include multiple languages. Enhanced exposure will drive VeVe app download, increase NFT sales and ultimately impact, positively, the Ecomi (OMI) token price.
