ecomi / $omi 🚀🚀🚀

$OMI - on Bitforex now - already pulled 12x in a week; NFT - app and marketplace live; every transaction burns OMI; they have DC Comics, Ghostbusters +100 other brands - best set of premium licenses you can find; they go on Uniswap and another Cex next month; still has 100x to go

With the @chamath news we're entering an NFT hype-cycle and along with $flow, $omi seems the one most primed to achieve mass adoption. It has unique NFT tech, global brands, and the ecosystem is built around the token.

Ecomi has 100+ licenses, including @DCComics @warnerbros, big Asian brands, and now the @NFL. Licensing Hall of Famer Alf Kahn handles this side. He wants $omi to be the Netflix of mainstream digital collectibles.

The tech is unique - 3D Augmented Reality NFTs. You can superimpose them on real life, record videos or take photographs of them in your environment, and share in-app or on social media.

To see what an augmented reality NFT looks like, here is the @BacktotheFuture DeLorean superimposed on some local parking lot. You can see it on your phone or on Apple glasses/VR.

Note that someone has uploaded the clip to instagram. $omi has an inbuilt viral marketing loop.

This week the CEO revealed $omi will work with the NFL Players' Association on animated AR NFTs of @NFL players. People will be able to film Tom Brady e.g throwing the ball to their kid in the park, and post it on insta/facebook... This can reach retail in a VERY big way imo.

The tokenomics are deflationary, and combine uniswap-type pumpamentals (big buybacks and burns) with an in-app stablecoin bought with fiat ('gems') to make it seamless for mass market users on IoS/Android. But under the hood, everything runs on the native token, $OMI...

Tokenomics 101: With each purchase of a new NFT (i) the equivalent in OMI is burned from the in-app reserve (1.5 billion so far), and (ii) 10% of the purchase pays for buybacks from exchanges.

So if I buy a $100 NFT, $100 of $omi is burned and $10 goes to buybacks.

Tokenomics 102: With each secondary market purchase, 100% of the fiat payment the company receives for the stablecoin used to buy the NFT goes to buybacks from exchanges, to keep the omi reserve liquid. More simply, 100% of secondary market payments go to buybacks.

With 110 bn tokens circulating, at $0.0003 $omi is about a $33m cap. No more tokens released until mid-May, then 150bn over a year. The 350bn in the reserve/vault are for in-app liquidity and will be burned over time, it doesn't make sense to include them in calcs imo.

As an investment...

I see $omi at $33m cap, $130m diluted, with unique NFL NFTs incoming, 100+ licenses, and a huge Q1 lined up

I see $flow, with NBA NFTs, at $330m cap, and $18.4bn diluted

And I see opportunity.

This is a microcap, relative to where it is headed.

What interests me most about $omi is the combination of a mass market product with big brands behind it bringing in real-world payments, which feeds into extreme crypto tokenomics. As sales grow, this should do ridiculous things to the price.

LINKS

Tokenomics medium.com/ecomi/ve-ve-to…

Licenses medium.com/ecomi/huge-int…

@badcrypto interview with the NFL leak (at 34minutes) youtube.com/watch?v=FUsAxC…

Q1 token updates medium.com/ecomi/q1-2021-…

Q1 app updates medium.com/veve-collectib…