Ormeus (ORME)

Backed by Industrial Cryptocurrency Mining

Review Score
ICO Price
Pre ICO Price
Soft Cap
Hard Cap
Start Date
1 January 2018
End Date
1 March 2018

What is Ormeus?

Ormeus Coin (asset symbol ORME) is a collateral-backed cryptocurrency – the cornerstone of a new digital money system secured by one of the biggest industrial cryptocurrency mining operations in the world. The coin is currently being cryptographically linked to a publicly identifiable, fully-transparent currency vault funded by mining businesses located in North America and China. By using a proprietary Artificial Intelligence engine, the Ormeus mining hardware can be allocated instantly to mine a variety of mainstream crypto coins that use the same authentication hashing algorithm, encryption type: Sha256, Scrypt, X11, Ethash. Ormeus Coin did not engage in an Initial Coin Offering (ICO), however the coin is already being stabilized by revenue from the 18th biggest Bitcoin mining business in the world. In the event of a Black Swan event or devaluation of Ormeus Coin, the vault will be programmed to buy from the market at a predefined trigger price, thereby offering support if predetermined levels are reached. The ORV aims to be over-collateralized by two or three times more than the market value of the coin itself via a diversified pool of currencies stemming from the privately owned mining operations. Full technical details of the smart contract rules, re-investment rules, predefined stabilization trigger values and autonomous feedback mechanisms are yet to be programmed and will be released shortly. The programmable smart contracts will ensure that Ormeus Coin stays linked to the real-world assets; transparent for all to see, without susceptibility to fraud, hacking or tampering. ORME can, therefore, be distinguished as a stable, next-generation digital currency and store of value backed by real-world assets.

Information displayed on CoinCheckup can be updated by the respective ICOs and/or Crypto representatives and does not present the opinion of CoinCheckup.com and/or the CoinCheckup team.

Trading and investing in digital assets is highly speculative and comes with many risks. The analysis/stats on CoinCheckup.com and it’s subsites are for informational purposes and should not be considered investment advice and or the truth. Statements and financial information on CoinCheckup.com and it’s subsites should not be construed as an endorsement or recommendation to buy, sell or hold.

Please do your own research on all of your investments carefully. Scores are based on averages of third party websites.  Past performance is no indicative of future results. Read the full disclaimer here.