The Ecomi token value proposition and it’s boosting factors:

“Nowadays people know the price of everything and the value of nothing.” – Oscar Wilde

It is only worth investing into assets that are valuable. Many assets in the crypto and NFT space have a price but most of them are not valuable at all – Nothing new here so far.

Utility is the only thing that gives value to a token. So far utility is mostly a promise for the Ecomi token although it is already used as a currency on IMX (Immutable X) and Token Trove meaning that you can buy and sell NFTs on both platforms using the Ecomi token. Burn mechanics are reducing the overall amount of omi and staking as it is available on ascendex is generating TVL Total Value Locked. But ONLY utility can drive demand and give value to the Ecomi token. The main drivers for demand will be the onboarding of games and other projects, the implementation as currency in the market places mainly as omi to NFT on the Veve App and the many factors of the omi utility program. Because Veve is such a big factor we need to talk about Veve as well later in this article.

Disclaimer:

You all know that we have to say this: I am not a financial advisor and non of this is financial advice. This content is for educational and entertainment purposes only. My Blog, my Youtube and my Twitter Content is a documentation of my journey and quest for financial freedom. Everything I say is debateable and therefore only one opinion that you might add to your overall research.

Ecomis over all low availability:

Speaking of demand it needs to be said that demand can only be satisfied if the Ecomi token is available to the masses. Imagine selling tomato sauce but it’s only available in 5 markets somwhere in the villages. It may be the best tomato sauce in the world but still most people won’t find it even if they have heard of it and desire to purchase and to try it. Exchange listings will be inevitable and currently Ecomi is only listed on 5 Exchanges which are Bitforex gate.io Ascendex Bitmart and Okex. Ecomi is also available as a wrapped version on the decentralized Exchange Uniswap which makes it technically 6 exchanges. This should give us a clue on how many exchanges Ecomi is not on yet and what is still to come.

Ecomi tokens low visibility on purpose 

It is obvious that the Team tries to fly under the radar: coin listings and artificial pumps would be easy to achieve from this point but they are not forcing it. On the contrary there is a tendency to hold these milestones back probably for strategic reasons. We have outlined in previous videos that there are many steps such as audits and proof of security within bridges necessary to get a token listed on bigger exchanges. (we remember the rhonin bridge hack on axie infinitie leading to gigantic losses for axie users). As the tokenomics are not finalized it seems reasonable to go this step only later in the process. This also means in the coming years we are most likely seeing the token being listed on Binance, Coinbase and other major exchanges.

Ecomis Extreme upside potential

 The mentioned developments surpress the price (together with the current Bitcoin price development) which leads to 1) massive burns from the Veve Apps Reserve wallet (If you want to know more about the burn mechanic, check out my video on this subject here) If we consider Ecomi was able to reach 1.3 cents with less fundamentals and the milestones coming up that is roughly a 10x from here. Pretty good investment if you ask me and my current prediction is that we exceed this previous high with the next bull run by far. Until then, staking and DCA is my method of choice to increase my bags until it happens.

Is Ecomi a good Investment during the bear market 2022?

For the bear market that might as well continue going lower until the end of the year I want to invest into projects that need the time to develop to their full potential and that have a roadmap full of milestones yet to achieve. For the Ecomi token we see as main milestones: Onboarding of new projects that can stock up with omi while prices are cheap, the onboarding of the third bigger play to earn game which we do not know yet and the implementation of the Omi Utility Program (OUP) which grants benefits within the Veve NFT App.

As mentioned before we can not assess the value of the Omi token without looking at the Veve App because it will be the main value driver for a long time through burns and utility:

VEVEs superior NFTs

Veve NFTs are from the top grossing brands with metaverse ready 3D collectibles and many first appearances on the block chain. Such as: Spider Man, Black Panther, Thor, Star Wars collectibles and Cars like Aston Martin, Delorian and KITT from knight rider. This Sunday Darth Vader made his first appearance on the Block Chain. Considering the fairly low prices for these NFTs at the moment this might be a good time for making a move. At least that is what I did. 

VEVEs unique model of selling NFTs

No knowledge of crypto, the underlying technology and Metamaskwallets is needed. The NFTs can be bought with fiat currency directly by using a credit card. Let us listen once more which projects will do well during a bear market according to IMXs CEO Ferguson: By using a simplified frontend experience as the Veve App and the Veve Webapp users do not need to get directly in tough with block chain technology opening the gate for mass adoption. The experience factor of the Veve App needs to be improved as we probably all agree.

Limited Cashout Possibilities

Only 600$ can be loaded at once from the App. This creates a limited inflow of capital at the moment and is also the main reason why it might be a good time to invest into the NFTs because once the gates open to unlimited fiat and crypto most of these collectibles may be wiped from the markets and the current prices may never return. 

Veve tries to stay under the radar

As we can read in the article “from 2D to web3” published by the Washington Post and written about Disneys move into NFTs and the Metaverse it would have been easy to mention the Veve App in this context but for some reason it has been completely left out. Could the licensor have had a word with the Editors to avoid to much attention drawn to the Veve App at this point in time? We are going to discuss and prove this in more detail in a following article.

A Project that Builds During the Bear Market

For me continuing to invest in a project throughout a bear market is that there is constant development and still a filled roadmap ahead. Webapp / KYC / Cashout, Advanced features for Nfts, Connection to physical Nfts, Gamification, Mass adoption, Landsales, the Veveverse, and interoperable connection to Disney’s AR and VR experiences or other NFT marketplaces like Coinbase or Open Sea to name just a few.