Ecomi is an incredibly ambitious project, it is heavily focused on security with new hardware and software. It will include a debit card you can load cryptocurriences on and even convert some of it to fiat where ever you are (service provided by Ecomi) to make small purchases. It’s plan is to make the cryptocurriences so difficult to hack/steal while using their platform and hardware that normal everyday people will feel comfortable getting into crypto, thus creating mass adoption.
Complete security is the focus. Here are the specs they are offering:
The host login is currently only available for smart phones but will shortly be available on desktops.
So these charts are showing you the way they are securing your coins/tokens and how they are closing up holes in security that currently exist. The big one I’m seeing is connecting to your tokens/coins even thru an infected device won’t compromise your wallet. This is a pretty big deal IMO. I would think most people are compromised in this fashion.
So overall a pretty good recovery option, already standard in desktop wallets. Implementing biometrics will make their system a cut above everyone else.
Here is the current market comparison for the Secure Wallet vs the other similar products on the market. I think it’s important to stipulate that only the smart wallet as far as I know has implemented a security fix for man in the middle attacks.
They are also offering an Ecomi one credit card/debit card. It’s much more then just that as it has capabilities beyond a normal debit/credit card.
They are offering so much more then just the Secure Wallet and the Ecomi One Card. Here is the full roadmap to take a look at. Some of these projects are a little ways off and beyond the scope of this review.
Alright so onto the most important part of any review Token Utility. Is the token tied to the platforms use enough that it will rise in price as the platform rises in price? As an investor that is your primary concern this is a very good and ambitious platform and ecosystem they are setting up here but all of it means nothing to you as an investor unless the token you are buying is actually useful. The OMI token will be used to pay for any use on the platform in the form of staking. You simply need to have enough OMI in you account to allow you to use the Dapps, Secure Wallet, One Card, etc. So as more and more people need to have a certain number of tokens to use this service price will grow. So yes this sufficiently ties the OMI token price to the rise of the platform.
Token Economics:
50% of the tokens are being sold in the crowd sale. This is a pretty good amount I usually hope to see 50% to 70% with higher being better of course. 18% going to founders, early investors, and board members seems like a reasonable amount. They do have a varying 1 year and 2 year vesting term for their tokens so that is good to see as well. With this being such an ambitious project the hard cap is 44.5 million which would put them at 215th on coinmarketcap.com this is a bit high imo for an ICO. I usually like to see a lower hard cap. They are offering so many services and products I can understand them wanting a larger hard cap to work with right out of the gate. From an investor standpoint this tells me this will be a longer hodl purchase.
So overall this is an incredibly ambitious project that should be looked at as a longer hodl. It should see constant steady growth along with spikes as major milestones are ticked off the road map. It does have an outside chance of really sparking mass adoption of crypto in general due to its security upgrades. So it does have some short term potential, but overall I think this has better long term potential. If you want to check out their white paper and their light paper here is a link to their website:
https://www.ecomi.com/
https://twitter.com/ecomi_
Alphabounty name - phatpharm20
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