In the lead up to the ECOMI Crowdsale, the team has been hard at work behind the scenes to refine their business stratagem and streamline their proposal. As a result, there have been a number of positive business developments which have led to cost reductions. In turn, ECOMI is proud to announce a reduction in the crowdsale token price and total hard-cap.
In recent weeks, ECOMI has had a number of successes thanks to strategic partnerships and investments, as well as the business acumen provided by CEO David Yu. These include (but are not limited to):
What Does This Effect?
This update will not have any effect or impact on the current direction of the business or ECOMI’s ability to deliver the vision.
What Does This Mean for Me?
This reassessment of the token price, and token sale hard-cap, is in line with the companies goals to maintain integrity and transparency within the ECOMI community, it also results in, existing token holders will now be recieve with twice as many OMI tokens as their original purchase would have allowed.
As the company continues to prepare for the upcoming crowdsale, these changes and cost reductions will lead to increased opportunities, and greater successes, of ECOMI’s future business developments. The positive effects of which will be continue to be passed on to the wider ECOMI Ecosystem and its community members.
Why not reduce the number of tokens instead?
The OMI token will be used throughout the ECOMI ecosystem to purchase and trade digital collectibles, and can be staked in return for rewards or in lieu of paid subscriptions. When taking into account token economics, use cases and token velocity, it was decided that maintaining 1 billion OMI tokens in circulation was imperative to ensure the efficiency and liquidity of the ECOMI Ecosystem.