Cryptocurrency attributes
Other attributes
Ormeus Cash is an asset-backed virtual currency. It is a transactional coin, meaning it has a stable transactional price. The collateral for the coin is held in smart contracts.The company website was launched in 2018 and had a coin listing in 2020. Ormeus Cash has the Ormeus Coin (OMC), which is an ERC-20 token built upon the Ethereum10 blockchain.Ormeus Cash uses Proof of Asset Mining with smart contract protocols. It is a decentralized payment processing network backed by the Ormeus Reserve Vault and investment of privately-owned mining operations.The company is adding different features to the network, such as the Ormeus Buyback bot, which is in testing as of March 2022.
Consumers wanting to buy OMC can do so by opening a cryptocurrency wallet and buying USDT and BTC. The USDT needs to be transferred to an approved exchange, such as Mercatox or Finexbox. Consumers can then buy OMC.
