The next cryptocurrency which I'm bullish on and want to write about is Ecomi (OMI). This time, readers can expect a shorter article for this as Ecomi (OMI) is very straightforward and easier to understand.
Basically, Ecomi is a company that provides a platform to purchase, protect and collect premium licensed digital collectibles using Distributed Ledger Technology. [you can visit their website here: Ecomi].
The platform as stated is an app called VeVe. VeVe is where the users buy, sell and trade their premium licensed digital collectibles. It also provides virtual showrooms for users to display their rare collectibles to the world. [simply, download VeVe app at App store to experience it yourself and also, follow Ecomi subreddit to see virtual showrooms of others].
For OMI- the token- is just for users to use to buy the collectibles in the app.
Why am I bullish for Ecomi (OMI)?
1)Collectibles as stated are not from random artists or creators but from well-known entities such as:
- Cartoon Network
- DC Comics
- Back To The Future
- Universal
- Ghostbusters
- Powerpuff Girls
- Harley Quinn
- Adventure Time
- Batman
- Ultraman
- Other brands
- More brands to come [rumor has it that Dragonball Z and Pokemon might be joining the ship]
2)With such entities as those; when they launch their digital characters at VeVe- both common and rare ones- they will be sold out instantly as die-hard fans gather to be the first few to own and collect them.
Like the recent event where Back To The Future's Delorean went sold out instantly- both common and rare ones.
That is just that; even other characters such as Ultraman, Batman, Joker, Harley Quinn, Powerpuff Girls, and others, went sold out as well. Interestingly, they are the common collectibles.
Now let's list down the problems in Ecomi or the app:
- Honestly, they only have 1 problem and that's about their marketplace as it is still not ready to be used in the app. That means users unable to trade their collectibles within the app. Despite the problem, they still able to generate an opportunity where users manage to find another way to trade which is through eBay. Over there, you can find a handful of sellers listed their collectibles on sale for hefty amounts. Interestingly, there are buyers who bought them.
With all the prospects and flaws which I've stated, they show that Ecomi has more strong fundamentals than weaknesses where:
It partners with real well-known entities that gather die-hard fans behaving like cults, together.
Their partnerships provide a limited amount of collectibles which will drive up the demand, its value, and also the market volume.
There's a huge demand for the collectibles listed.
Now knowing about their strong fundamentals and real applications, I am more certain to go bullish on Ecomi (OMI). However, readers and investors must do their own diligence before taking such advice.
To buy ECOMI (OMI), so far there are only available on 3 exchanges: Ascendex, Bitforex & Uniswap.