What is ECOMI
ECOMI is a Singapore-based digital company that strives to improve the accessibility, interactivity, security of digital assets and the digital collectibles space using Distributed Ledger Technology. In so doing, it offers a one-stop shop for digital collectibles through the VeVe app bringing pop culture and entertainment into the 21st century.
ECOMI consists of two elements; the ECOMI Collect ecosystem and the ECOMI Secure Storage Wallet.
The VeVe app is a decentralized platform that allows users to experience actual ownership of non-fungible token (NFT) premium collectibles. The app enables VeVe users to purchase common, uncommon, rare, ultra-rare, and secret-rare premium licensed digital collectibles and trade or exchange them with the VeVe community. After trading and adding to personal collections, users can showcase their NFTs in virtual showrooms, create augmented reality (AR) scenography, and share these with other users.
Digital streaming, gaming, and in-app purchasing have become a multibillion-dollar market, and ECOMI sees digital collectibles as the next to join this digital trend.
Each ECOMI Collect user has a built-in wallet created during account creation. The ECOMI secure storage wallet can be accessed from the ECOMI Collect app. The app can store custom OMI tokens and digital collectibles, including NFTs. The Secure Wallet is conveniently sized just like a credit card and wirelessly connects to the VeVe app via the unique QR code, removing the threat of malicious online attacks.
The Secure Wallet technology makes use of world-leading security standards to ensure the utmost privacy and protection. It employs an improved CC EAL5+ security standard to maximize protection over users' assets.
Who Are Ecomi Founders
The project was founded by David Yu, Joseph Janik, and Daniel Crothers. Yu also founded Games R Us Ltd at the age of 17.
David Yu has 21 years of experience in the collectibles, gaming, and retail industry. He is also experienced in transforming unique intellectual properties into globally-recognized products and brands. Currently, Yu is the CEO of the ECOMI project.
Joseph Janik, head of hardware sales of ECOMI, is an Australian entrepreneur who founded his first business at the age of 18. He has been involved in Blockchain technology since 2016. Janik has founded several successful startups, including a web agency servicing international clients such as Hasbro and The Red Cross.
How Does OMI Work
The GO20 OMI token is the native token designed to be a valuable medium of exchange throughout the ECOMI crypto ecosystem. The OMI token is used for trading digital collectibles and use staking facilities to generate access to exclusive premium features, such as the Master Collector Program. When a transaction with the OMI token on the VeVe app is confirmed, the data is immutable and publicly stored. This removes any disagreements of ownership or illegitimate items. Users can also verify transactions using the GoChain Explorer.
ECOMI Collect users can purchase OMI tokens using a credit or debit card or, if applicable, through an in-app purchase. When making in-app purchases, the user will be able to seamlessly purchase a certain amount of OMI tokens (user-defined) and then use them to purchase digital collectibles.
ECOMI Network Security
OMI is a token produced on GoChain. This blockchain is decentralized, scalable, and supports dApps and smart contracts. It is also entirely backward-compatible with Ethereum.
The Proof of Reputation algorithm is the consensus mechanism used by GoChain. PoR secures the network through the promises of large corporations that the NFTs offered are authentic. These corporations are also responsible for securing information in the GoChain database, and blocks are added by inserting information directly from the provider.
This essentially creates a digital chain of ownership and certificate of authenticity backed by the company's reputation or creator. GoChain's use of trusted nodes enables the quick verification of high-volume transactions.
The Secure Wallet is used not only for securely storing ECOMI's OMI token but also NFTs. It also has a very robust restoration capability. If owners lose their Secure Wallet and/or their host device, their private keys will remain protected. During the setup of the Secure Wallet, a Recovery Seed is generated within the app.
