|All Time High:|
|Market Cap: |
|The price of #OMI today is $0.00128 USD.|
The lowest OMI price for this period was $0, the highest was $0.00128, and the current live price for one OMI coin is $0.00128186.
The all-time high OMI coin price was $0.013.
Use our custom price calculator to see the hypothetical price of OMI with market cap of BTC and how the supply of OMI affects the price at different market capitalizations.
|The code for ECOMI is #OMI. |
ECOMI is 1.6 years old.
|The current market capitalization for ECOMI is $361,445,995.|
ECOMI is ranked #99 out of all coins, by market cap (and other factors).
|The trading volume is medium today for #OMI.|
Today's 24-hour trading volume across all exchanges for ECOMI is $404,882.
|The circulating supply of OMI is 281,970,955,363 coins, which is 38% of the total coin supply.|
Relatively, ECOMI has a large supply of coins, 12,817 times larger than Bitcoin's supply, for example.
ECOMI x Vemate
Vemate is a smartphone application giving you quick access to VeVe market data, insights, and opportunities. With a range of free and premium tools, VeVe collectors can boost their NFT knowledge and arm themselves with all of the data and information needed to make informed decisions, and have more fun! As an added bonus, OMI token holders can access Vemate’s premium analytics and tools just for staking some OMI! — What is Vemate? - Vemate was founded by Andrei Chejneanu alongside a team of software engineers and developers with more than 30 years of combined experience in Marketing and IT development. With a background in the automation of highly specialized processes, the project team is uniquely placed to leverage this experience and deliver products, services, and solutions that supplement the VeVe collectibles experience.“We absolutely love VeVe and everything it stands for. For this very reason, we want to make its ecosystem even richer than it is now by providing outstanding value and exceptional tools for the VeVe community.”— Andrei Chejneanu, Vemate Founder The UK-based project has recently launched the public beta of Vemate — a VeVe data analysis app — that is now available to download on both Android and iOS. The app provides insights and information about VeVe digital collectible NFTs, from floor price tracking and rarity filters to improved sorting capacity and historical price graphs. The team also has a range of new features pending, including the ability to search for a specific mint number, mint number listing alarms, the latest VeVe news feed, and other productivity tools. — Vemate App features and Details:. — A free robust iOS and Android analysis app for VeVe Collectors, Fast and regular floor price updates, Custom price alarms, Rarity filters, Chart perspective for at-a-glance visual analysis, Sorting capacity, making it an invaluable companion for effective VeVe market analysis, Up until this point, the app and product development have been fully funded by the founder. However, the team will soon be launching their own token — VMT — which offers a range of utilities in the Vemate app and future product launches. You can learn more about the VMT token and its utilities by checking out the company whitepaper. — Vemate x ECOMI - Thanks to this latest community partnership, access to premium features of the Vemate app will be provided to holders of either VMT or OMI tokens! ⭕ You’ll be able to access these features by staking $100 of VMT, or $200 worth of OMI, calculated based on the market price at the time you choose to deposit. There are no restrictions or lockups on your tokens, and you can unstake them at any time, however, you will lose access to the premium tools if you choose to unstake. We will release instructions on how to verify your stake when the product rollout is complete- but you can download and enjoy the app right now! As a bonus, if you love the Vemate app and hold your OMI stake uninterrupted for 12 months, you will also have the opportunity to swap some of your OMI tokens for VMT (max $200 worth of VMT per account). The VMT tokens are offered exclusively to OMI holders as part of the initial VMT token allocation, and any OMI tokens swapped for VMT will be sent to the VeVe Reserve wallet to be permanently burned by the sale of VeVe NFTs. Then, as a VMT token holder, you can continue accessing all of the premium features of the Vemate app, as well as any other products and services that Vemate may produce in the future! The Vemate app is already live on Android and iOS, and you don’t need to hold anything in your wallet to enjoy the premium features right now. Access to these features will remain completely free until VMT is listed on an exchange (the pre-sale is expected in late Q3) at which point you will need to hold either OMI or VMT tokens to continue using accessing these features. — Download Vemate Today to Check it Out! - The Vemate app is currently in public beta and has new features being added all the time. You can download the app from Google Play or the App Store, and access all of the premium features for free until the VMT token sale is complete. Then you can stake either VMT or OMI tokens to continue accessing the premium features, and of course, you’ll always be able to use the standard features for free. To learn more about Vemate and its product roadmap, please visit Vemate.com, follow the team on social, or check out the company whitepaper. You can also visit the Vemate blog by hitting the link below to familiarize yourself with the app, the team, and all of the features on offer! Introduction to The Vemate App — FAQ - — Where Can I Learn More About Vemate?. — Website: vemate.com, Telegram: t.me, Twitter: twitter.com, Discord: discord.com, Medium: vemate.medium.com, — Can I Use Vemate Now or Is It Just a Demo?. — You can use the Vemate app this instant, including accessing the premium features without any restrictions. Once the VMT token is available to the public you will still be able to access the Vemate app, however, you will need to be staking either OMI or VMT to access the app’s premium features. — How Do I Stake My Tokens?. — We’ll release instructions on how to verify your stake when the full product rollout is complete. For now- you can enjoy the Vemate app for free! — What is the VMT token used for?. — In phase one of Vemate’s product development, VMT will be used to enable access to the premium version of the Vemate app. A number of new utilities are planned for the token in phase two of the project’s roadmap, which you can learn more about in their whitepaper. — Who Will Be Able to Exchange OMI for VMT on Vemate?. — If you stake $200 worth of OMI uninterrupted for 12 months you will have the option to swap your OMI for VMT tokens. The supply of VMT available for this is equal to 2% of the total supply, or 3 million VMT tokens. These tokens will be sent to the VeVe Reserve Wallet to be burned by the sale of VeVe NFTs. You will soon have the option to validate the holding of $200 in OMI tokens via the Vemate website which will add you to the waiting list in order of registration. The 12-month countdown will begin as soon as the VMT token is listed. — Do I Have to Swap my OMI to VMT?. — Once the 12-month period has elapsed there is no requirement to swap your OMI to VMT tokens, and you will still have access to the app's premium features if you maintain your OMI stake. — About ECOMI - Information on this channel is for educational purposes only. It should not be considered financial advice and all users are advised to do their own research. See disclaimer. ECOMI is a technology company based in Singapore and is leading the way in the emerging digital collectibles space. ECOMI offers a one-stop shop for digital collectibles through the VeVe app bringing pop culture and entertainment into the 21st century. The VeVe app allows users to experience true ownership of premium digital collectibles. Through the app marketplace, users can obtain common, rare, or one-of-a-kind digital collectibles, share these across the social network service, and exchange them with the VeVe community, all from the palm of their hand. ECOMI sees digital collectibles as a new asset class that offers intellectual property owners the opportunity for new revenue streams in the digital landscape. Digital streaming, gaming, and in-app purchasing have become a multibillion-dollar market, and the next to join this digital trend is the pop culture and collectibles industry. Or, for more information please join the community on Telegram, Twitter, and Facebook. ECOMI x Vemate was originally published in ECOMI on Medium, where people are continuing the conversation by highlighting and responding to this story.
ECOMI Monthly Update- July 2022
ECOMI Monthly Update- June 2022
Dinosaurs roamed across the VeVe app and we celebrated Pride month with Givenchy Beauty and Rewind Collective. Throw in our first IRL event of the year with DesignerCon, a play-to-earn and play-to-burn gaming partnership with the Feesh Arena, the rollout of the web platform, KYC, and the first public beta-testing of Payout and it’s easy to say that we had another huge month! — Pride Month - It’s hard to believe it’s already been 12 months since the coveted Pride hit VeVe, and this year we once again teamed up with Rewind Collective and Givenchy Beauty to celebrate love in all its forms, and support the LGBTQIA+ community. With the release of Pride II, which sold out almost instantly, we were able to contribute ~$130,000 directly to Mag Jeunes. — @artpatronamar If you missed the drop you can catch up on the story behind these NFTs and all the details in this AMA between Rhys and Amar, and continue listening for a community update and the first mentions of San Diego Comic-Con. You can also join the Rewind Collective Discord server to speak directly to the artists behind the drop. — @veve_official — Cinema Partnerships - — Jurassic Park. — The VeVe Fam has been waiting for Jurassic Park ever since they saw a preview on David Yu’s Instagram more than a year ago, and those prayers were finally answered in June as T-Rex made her first appearance. This was quickly followed by a number of drops for the new Jurassic Park: Dominion film and saw one of the first cinema partnerships to hit VeVe. — @D_Hurlbert81 Those who purchased tickets to the double premier viewing of the original Jurassic Park (1993) + Jurassic World: Dominion were able to redeem unique collectible posters on the app. This promotion was available to AMC customers in the USA and Germany, and to UCI cinemas in Italy. — Lightyear. — Jurassic Park wasn’t the only cinema partnership in June, and fans of Pixar’s Lightyear were given an opportunity through AMC theaters to enter sweepstakes to win their very own Lightyear cutout digital collectible NFT- the same one that appeared in cinemas across the world. — @NFTcollectingIG — VeVe x Dcon Kickoff Party - Our first in-person event of the year took place at the start of June in Los Angeles, in partnership with DesignerCon. We would like to extend a huge thank you to everyone who attended, and to 3D Retro for hosting the event, it was a massive success with a tonne of drops throughout the day, food trucks, giveaways, collectible signings, and of course- the first appearance of the VeVe co-founders in real life! VeVe x DCon Kickoff Party + DCon 2022 Collection — Series 1 Attendees were given the opportunity to acquire Brett Crawfords Self Made piece and will receive the digital collectible version when it is released on VeVe later this year. Everyone who scanned a ticket that day will also receive a digital collectible of the VeVe logo/letters. We’ll keep you updated when these are ready to be redeemed! — @veve_official — Q2 priorities- Web Platform + KYC + Payout - The development team has had their work cut out for them of late, and they absolutely delivered when it came to our Q2 priorities. At the time of writing the web platform is now live, and available to all users (in public beta) and KYC is mandatory for all users to complete by the end of July. Upon completion of KYC, all users will also have access to the Payout feature, provided their account meets the requirements. This was originally discussed in the co-founder's monthly community update, which you can catch here if you missed it! medium.com — VeVe Drops- Comics - In June we released a brand new comic publisher, with an iconic issue from Edgar Rice Burroughs, Inc. — Tarzan of the Apes #207! The first Tarzan collectible drop spotlights the long-running Tarzan of the Apes comic book series, featuring the story “Origin of the Ape-Man,” written and illustrated by comics legend Joe Kubert. This is the first time Kubert brought his creative talents to the Lord of the Jungle, depicting him as no one ever had before in his raw, gritty, and action-packed style, defining a new look for the ape-man for an entire generation of fans that still resonates in our imaginations today. It was released with 5 cover variants in blind box format. ERB, Inc. Digital Comics — Tarzan of the Apes #207 — Marvel Digital Comics — Spider-Man #1–5. — Digital comic collectors were given the chance to complete an entire series in June, with the release of Todd McFarlane’s “Torment!” story arc. Five consecutive days, five different Spider-Man comics, and 5 cover rarities/variations per release. If you missed the drops you can complete your sets in the Market, and of course, don’t forget you can drop your comics into AR and actually read them to enjoy the incredible illustrations and storyline. Marvel Digital Comics — Spider-Man #1–5 — Star Wars: Father’s Day Collection. — Another notable drop on VeVe in June was the Star Wars: I am Your Father’s Day series, a fun and whimsical way to celebrate all the fathers and father figures around the world with these playful Star Wars vignettes. Based on the beloved artwork by internationally best-selling creator Jeffrey Brown, fans and collectors had a chance to collect 5 unique three-dimensional cards that capture warm memories of childhood. Check out the drop here if you missed it, and enjoy some of the pieces below! — VeVe en Español - Every month there are so many amazing community contributions that take place, and we wanted to extend a big thank you to the Fam for everything they made happen in June. In case you missed it an incredible resource has recently been put together, translating some of the key VeVe and ECOMI information into other languages. This is a community-built resource, and began with Spanish translations, but has since expanded to include French, Thai, Japanese, Turkish, Deutsch, and Portuguese! VeVe Translations Unofficial on Medium curated some lists To all of our ECOMI and VeVe Fam from around the world, we want to extend a huge thank you to you all for your contributions and content- these resources will continue to serve the community for many years to come! — ECOMI x Feesh Arena - The Feeshes project is 10,000 unique one-of-a-kind digital collectibles that give immediate utility in the form of animated fish that live in a customizable fish tank. The Feesh Arena is a play-to-earn and play-to-burn game that uses layer 2 OMI tokens (those on Immutable X), that anyone can participate in. The gameplay is a balanced player vs player game, which rewards players with daily and monthly OMI token rewards, and contributes to the permanent reduction (burn) of OMI tokens from the circulating supply ⭕ ECOMI x Feesh Arena The Feesh Arena is free to play for Feesh NFT holders, and at the time of writing the Feesh Arena beta tournament is live! If you hold a Feesh NFT you can compete with other Feesh holders for a prize pool of ~2 million OMI tokens, and if not stay tuned as the Arena will soon be available to everyone, allowing OMI holders to partake in ranked matches for prizes and OMI rewards. — @TheFeeshes — VV Team Arcade Dodge. — Big shoutout to Frankenfat productions for creating another fun play-to-burn game involving the VeVe team. Shoot OMI tokens at some of your favorite faces to progress through the levels (and the bosses!), and the advertising revenue generated by the game will be used to burn OMI from the circulating supply. What more could you want?! — @veveversity — OMI Verified on blockspot.io. — ECOMI and the OMI token were both ‘verified’ on blockspot.io in June. Blockspot is a crypto ranking platform that aims to become to go-to resource for tokens, exchanges, and other crypto-related information. The verified badge is an effective way to quickly communicate the legitimacy of the company to anyone new to the space, so thanks to the blockspot team for verifying! — Epiko Regal at Crypto Expo Asia. — Another gaming partner of ours- Epiko Regal- took to the stage at Crypto Expo Asia in June to showcase their tower defense game, preview the EpikoVerse, and describe their integration with the OMI token. Epiko Regal was also recently featured in The Times of India, and a big congratulations goes to Venkatesh and the team for such a successful event! If you haven’t played Epiko Regal yet download it on Android or iOS today to start building your decks and competing in tournaments and keep an eye out for the launch of their NFT platform, where you’ll be able to spend OMI tokens on NFTs and receive in-game items and benefits. They’re also working on a special character that may appear very familiar… — @venkatesh_wss — TOKEN BRIDGE REMINDER 🚨 - Now that everyone is gaining access to the VeVe web app and their in-app OMI wallets, we thought it pertinent to drop a reminder about bridging your OMI tokens before you can send them to the app. So, as a reminder, you CANNOT send OMI tokens directly from exchanges to the VeVe app. You MUST bridge your tokens first, which means depositing them onto Immutable X layer 2 before you can send them to your in-app wallets. Once you bridged and have layer 2 OMI tokens, however, you can transact gas-free, and also use them for other applications built on Immutable X, such as in the Feeshes Arena. To learn more about token bridging check out our walkthrough guide below! How To Bridge Your OMI Tokens — About ECOMI - Information on this channel is for educational purposes only. It should not be considered financial advice and all users are advised to do their own research. See disclaimer. ECOMI is a technology company based in Singapore and is leading the way in the emerging digital collectibles space. ECOMI offers a one-stop shop for digital collectibles through the VeVe app bringing pop culture and entertainment into the 21st century. The VeVe app allows users to experience true ownership of premium digital collectibles. Through the app marketplace, users can obtain common, rare, or one-of-a-kind digital collectibles, share these across the social network service, and exchange them with the VeVe community, all from the palm of their hand. ECOMI sees digital collectibles as a new asset class that offers intellectual property owners the opportunity for new revenue streams in the digital landscape. Digital streaming, gaming, and in-app purchasing have become a multibillion-dollar market, and the next to join this digital trend is the pop culture and collectibles industry. Or, for more information please join the community on Telegram, Twitter, and Facebook. ECOMI Monthly Update- June 2022 was originally published in ECOMI on Medium, where people are continuing the conversation by highlighting and responding to this story.
ECOMI x Collective Shift
Collective Shift is a digital asset research and education platform that seamlessly blends crypto and macro-financial information to equip you with the tools and knowledge needed to thrive in this nascent industry. Now, in a first-of-its-kind initiative that we’re dubbing ‘learn-to-burn,’ you can invest in your own education (at a discount!) and contribute to burning OMI tokens from circulating supply! — Investing in Digital Assets. — For many people, investing in digital assets is their first foray into investing, and we all know it can be incredibly noisy when you try to find honest and unbiased information. Unless you have direct involvement or experience in the industry, identifying the fundamentals and value drivers behind a project is difficult and finding the time to do your own research in order to actually understand all of the moving parts can be next to impossible. As a result, most people fall victim to reactive behaviors and FOMO their way into projects based on hype and promise, instead of genuine understanding and potential. A recent survey by Cardify has identified that: 41.5% of all crypto deposits come from new investors, 1 in 3 admit they have either zero knowledge about the industry or would call their level of understanding “emerging,”, More than a third researched digital currencies for less than 1 month before buying, 41.8% of respondents have been investing for less than one year, and, Despite these new and inexperienced investors citing long-term gains as their primary motivation, 41.9% intend to hold their crypto for fewer than 12 months, To actually make informed, proactive, and educated decisions in this industry requires an investor to have both a macro and micro level awareness of the challenges faced, the solutions that are available or being built, and if, how, and why those solutions are applicable. Once you have that figured out, you’ll also need to understand whether all of these factors actually result in value accrual for token holders (investors). For most of us, that is just too challenging and time-consuming to truly stay on top of on our own, and that’s where research and education platforms like Collective Shift come in.Collective Shift - Collective Shift was born in the aftermath of the 2017 crypto bull market, where it became incredibly apparent that high-quality, data-driven analytics and market research was lacking. Any form of crypto “education” at the time was either non-existent, too expensive, or too technical for the average investor to understand and derive value from. The Collective Shift platform removes a lot of these barriers by providing detailed yet simple to understand information, insights, and research from a range of analysts. The platform aims to educate the masses by combining fundamentals, sentiment, and technical analysis to help you find genuine opportunities in this emerging asset class and is suited to both new and experienced digital asset investors.“Collective Shift aims to provide easy to understand and actionable information to help you navigate the digital asset industry, save you time, and become a successful investor in this space.”-Ben Simpson, CEO and Founder, Collective Shift We are incredibly proud to introduce this educational resource to the ECOMI Fam and have no doubts that it will supplement and enhance your personal research efforts. Before we get there, however, we want to reiterate that Collective Shift already has a wide array of free resources available, including basic tutorials and beginners courses, timely market updates supported by on-chain analysis, as well as a regular newsletter bringing you the latest news and headlines affecting your investments. We strongly advise that you take advantage of these resources to build your foundational knowledge of the industry, before taking your personal education a step further with a platform membership. Then, when you’re ready to level up your crypto-knowledge, Collective Shift membership provides you with a holistic view of the digital asset industry, with: Premium Research reports on individual projects, industry trends, and potential opportunities, Technical analysis backed by real-time data (on-chain metrics, trading opportunities, etc…), Daily updates and industry reports, Trade opportunities and community resources/ideas in the Collective Shift Discord, Transparent insights into the teams’ investments, including beginner portfolios, short-term and long-term growth portfolios, early-stage opportunities, NFT portfolios, and more (Pro tier), Early-stage project discovery — bringing you the latest ideas and innovations across the industry (Pro tier), Collective Shift x ECOMI - Our partnership with Collective Shift is designed to give you the tools and knowledge you need to succeed in the crypto industry, without all of the painstaking time and mistakes it usually takes to figure out on your own. Through it, we will continue to share a range of information and research provided by Collective Shift that is both publicly available, and occasionally resources that are offered only to Collective Shift members, to provide you with as much insight as possible into the crypto industry and the premium research on offer by the platform. To celebrate this partnership anyone who does choose to become a member of the platform using this link will contribute to our learn-to-burn initiative (more below), and as an added bonus if you enter the code ‘ECOMI’ at sign up you will also receive 50% off your first membership payment. This discount can be applied to any membership type, and as it is off your first payment it also means that if you choose to sign up for a 12-month membership from day one it will be half price! Similarly, if you prefer to pay month-to-month you will still receive 50% off your first month’s membership payment, and with no lock-in contracts, a $1 for a 7-day trial offer (Starter and Insider tier), and a 365-day money-back guarantee there are plenty of membership options to suit your needs and desired level of knowledge. https://medium.com/media/fef05471b63837a30bb79241c667b536/hrefLearn To Burn OMI - Should you choose to become a member of Collective Shift you will also be benefitting the entire ECOMI ecosystem in our first ever ‘learn to burn’ offering. Anyone who joins the platform using the discount code ‘ECOMI’ or by clicking THIS LINK will also see 30% of their membership fee put towards market buying OMI tokens to be burnt from circulating supply, for the lifetime of the membership. Investing in yourself has never felt so good! ⭕ It is also worth noting that educational memberships are typically tax-deductible, and although you will need to confirm this with a registered tax agent in your jurisdiction it may be the final motivator you need to kick-start your crypto education. Summary: Use the discount code ECOMI to receive 50% off your first payment and contribute to our Learn to Burn initiative. You can also share the code and/or this link with friends and family who would like to improve their knowledge of the digital asset industry- however, the 50% discount will only be applied if they enter the code when joining.How to Become a Collective Shift Member - Collective Shift currently offers a basic Starter membership, and two premium tiers — Insider and Pro — alongside a range of payment options and membership lengths (monthly or annual). Selecting the tier that is right for you will depend on your current understanding of the industry, and the level of detail/caliber of information that you require. — To join:. — Visit Collective Shift using this link, Check out all of the free content and resources available, and take the time to go through the beginner resources if you’re new to crypto, If you enjoy the content, consider the membership plan that is right for you, and simply tap ‘Get Started’ to join the platform. If you are unsure of which tier we recommend that you take advantage of the $1 for a 7-day trial offer (available for the Starter and Insider tiers) to explore the look, feel and content offered by Collective Shift before deciding on a longer-term membership., Select the frequency of payments (yearly or monthly) and preferred currency — AUD or USD., Enter your billing details and choose a username that will be displayed when using the platform, Enter the code ‘ECOMI’ in the discount code box, and click ‘apply’ to receive the 50% discount on your first payment, Enter the discount code ‘ECOMI’ to receive 50% off your first payment! That’s it! You are on your way to learning more about the digital asset industry and all of its components, and burning OMI tokens to boot! We look forward to introducing you to the Collective Shift team and their resources across our own ecosystem, and in the meantime, if you would like to familiarise yourself with the platform and community you can subscribe to their YouTube channel or check out their socials, and of course- take advantage of all of the free resources available on the Collective Shift website.About ECOMI - Information on this channel is for educational purposes only. It should not be considered financial advice and all users are advised to do their own research. See disclaimer. ECOMI is a technology company based in Singapore and is leading the way in the emerging digital collectibles space. ECOMI offers a one-stop shop for digital collectibles through the VeVe app bringing pop culture and entertainment into the 21st century. The VeVe app allows users to experience true ownership of premium digital collectibles. Through the app marketplace, users can obtain common, rare, or one-of-a-kind digital collectibles, share these across the social network service, and exchange them with the VeVe community, all from the palm of their hand. ECOMI sees digital collectibles as a new asset class that offers intellectual property owners the opportunity for new revenue streams in the digital landscape. Digital streaming, gaming, and in-app purchasing have become a multibillion-dollar market, and the next to join this digital trend is the pop culture and collectibles industry. Or, for more information please join the community on Telegram, Twitter, and Facebook. ECOMI x Collective Shift was originally published in ECOMI on Medium, where people are continuing the conversation by highlighting and responding to this story.
ECOMI x Feesh Arena
The Feeshes project is 10,000 unique one-of-a-kind digital collectibles that give immediate utility in the form of animated fish that live in a customizable fish tank. Now, through Feeshes play-to-earn gaming in the Feesh Arena, Feesh and non-Feesh holders alike can battle it out for daily and monthly OMI prizes, and collectively burn OMI tokens from circulating supply while they’re at it!What is a Feesh? - Feeshes start their lives as a Non-fungible 2D art asset. After minting your Feesh you can head to Feeshes.com and begin building your very own customizable Feesh tank with a range of accessories, background and lighting options, special effects, and more! Once a Feesh is placed into a tank they animate and come to life. Holders can also communicate directly with their Feesh, which often leads to interesting results…as well as open portals to allow your Feesh to teleport into other tanks and for you to receive unique visitors.“The goal of this project is to push the envelope on what an NFT project can be and create a lasting memory for everyone involved.”— Brock McBlockchain, Feeshes Founder Owning at least one Feesh is your ticket to gain access to: Creating multiple tanks, Receiving airdrops that modify your tank and how your feesh interacts with it, Access to purchasing Artist Exclusive content for your tanks! (Over 20+ Amazing artists, and some that the Fam may recognize!), The enjoyment of watching your feesh in their journey of life, death, and on to the great Feeshy Beyond., The opportunity to buy/sell/trade your feesh on the open market, Access to the Feesh Arena’s greatest P2E rewards ⭕, The Feesh Arena - The Feesh Arena is a play-to-earn and play-to-burn game that uses layer 2 OMI tokens (those on Immutable X), that anyone can participate in. The gameplay itself is a balanced player vs player game, which rewards players with daily and monthly OMI token rewards, and contributes to the permanent reduction (burn) of OMI tokens from the circulating supply. The Feesh Arena is free to play for Feesh holders, and will soon open to allow OMI holders to partake in ranked matches for prizes and OMI rewards. — Gameplay. — If you already hold a Feesh you can get started straight away, or if you’d like to participate in the game’s beta phase you can mint one at feeshes.com. After the beta period ends (expected to be complete in July), Non-Feesh holders can also join in by creating or joining matches using the OMI token to play. To play, simply connect to IMX using your browser and the MetaMask Wallet/Extension to the Feesh Arena and get started by creating or joining a match. Each Feesh has its own mech suit which comes with basics like health points (HP) and action points (AP). Players can opt to upgrade their mech to have higher action points and health points but this has a ceiling of 3 action points and 8 health points total to keep battles fast-paced and fun. A battle in the Feesh Arena begins with two Feesh in mech suits facing off against each other. In each round, players select between three options: Attack, Block, and Repair, and ultimately you have two ways to best your opponent: The first way is to take your opponent’s health to 0 health points., The second is to over-heal your own mech to double your base health., Be sure to check out the details here for more info on gameplay and how the points structure operates, and stay tuned for future updates that will add new functionality and customization, alternative game modes, special airdrops, and more!The Feesh Arena x OMI ⭕ - There are 3 ways to earn OMI tokens in the Feesh Arena: Daily Rewards for qualifying matches, Monthly/Event-based Prizes, Wager Matches, — Daily Rewards. — Every day, each ranked match contributes stats towards the leaderboard, and each Feesh can play 10 ranked matches per day. If you own a Feesh NFT — you will be given 5 free ranked matches per day, and can then use OMI to play 5 additional daily matches. If players do not hold a Feesh they can still enjoy the Feesh Arena by using their OMI to play up to 10 ranked matches per day (after the beta period ends).Rise to the Top of the Feesh Arena Leaderboard and win yourself some OMI! The breakdown for OMI Play to Earn mechanics is as follows: 50% of all OMI taken in will be immediately burnt a the end of the match., 15% of the OMI made daily will go back out to Feesh holders who played any ranked match that day., 15% of the daily OMI intake will go out to anyone who played a ranked match that day (Feesh and non-Feesh holders), 20% of the daily OMI intake will go into the monthly prize pool for the current tournament, — Daily Rewards Example. — The following example uses this assumption: $1 per game (~900 OMI at current price) with 2500 paying players playing 10x paid games per day, equalling a daily intake of ~22.5 million OMI. Any Feesh holder that played a qualifying match that day would receive an equal share of 15% of the total OMI intake for that day (regardless of whether the game played was a paid or unpaid match). For example, if 500 Feesh holders played a qualifying match they would all share a total OMI pool of ~3.4m (divided by 500 players = ~6750 OMI each)., Any players who paid for a match that day will share an additional daily prize pool of 15% to be split between Feesh holders and non-Feesh holders that played a qualifying match. For example, if there are 2500 total players (including 500 Feesh holders) each player would receive ~1350 OMI., Feesh holders who play a qualifying match that day receive a share of BOTH 15% cuts. They do not need to pay to play to qualify for the additional prize pool allocation., Each ranked match played also qualifies for the monthly/event prizes discussed below., — Monthly/Event-based Prizes. — There is also a monthly prize pool that accumulates from player activity in the Feesh Arena (20% of daily intake). At the end of each month/event, OMI prizes will be sent via tiered % to the top 20 players on the leaderboard. In addition to the “top player” prizes — there will be 20 randomly selected winners to receive a % of the prize pool regardless of whether they won or lost their matches, and an additional 10 random matches will be chosen where both the winner and loser of the match are given a % of the pool. OMI tokens in the Monthly Prize Pool accumulate in 3 ways: Daily OMI Intake The remaining 20% of OMI that is taken in from daily qualifying matches is added to the prize pool, Wager Matches Wager matches are an optional way to allow you to challenge another player to a match for a set amount of OMI. When a wager match concludes, 90% of the combined wagers will be sent to the winner. 10% will be retained with the Arena- half of which is burnt, with the other half going into the monthly prize pool., Fun Points As their name implies, Fun Points can be redeemed for a little extra fun! You can buy Fun Points using OMI to use ‘cheer’ or to harass players while you are watching matches in the Feesh Arena. Each Fun Point purchase has a 50/50 split between being burnt and going to the prize pool, and spending Fun Points could cause enough of a distraction to be the difference between a player winning or losing a match!, — Play to Burn 🔥. — You can win daily/monthly prizes for playing in the Feesh Arena, while also burning OMI tokens from the circulating supply. As a summary: 50% of all Ranked matches will be burnt, 50% of OMI collected from wager matches (10%) will be burnt., 50% of all “Fun Points” sold will be burnt., All burns are sent to the L2 OMI Reserve wallet (which is out of circulation), to be permanently burnt by the sale of VeVe NFTs.Start Playing Today! - The Feesh Arena is currently in beta, and open to play by anyone that holds a Feesh NFT. The Arena uses the Layer 2 (IMX) version of the OMI token for wagers, transactions, and payouts. This allows gas-free blockchain transactions, however, to use the Arena you MUST connect to the Immutable X blockchain — even if you have no plans to use the OMI token in any form. To connect to IMX and the Feesh Arena on desktop or mobile please see these instructions. It is important to note that the instructions to connect and play in the Feesh Arena will vary between Android and iOS, and if you’re using a desktop the Feesh Arena is currently optimized for Chrome, Safari, and Firefox browsers. Of course, if you would like to join the Feeshes Community, find someone to battle (or wager against!), or simply need help at any stage of the process you can jump into the FeeshCord for free, or follow the Feeshes on socials for more updates.Visit feeshes.com and start customizing your Feesh tank today!FAQ - — Where Can I Learn More About Feesh and the Feesh Arena?. — The core Feesh Project: https://feeshes.com, The Feesh Arena: https://feesharena.com, The Feeshes’ Discord (FeeshCord) https://feeshcord.com, The Feeshes’ Twitter: https://twitter.com/thefeeshes, Brock’s Twitter: https://twitter.com/BrockMcBreadcat, — Is the Feesh Arena Live and Ready To Play?. — The game is live and playing now in Beta for Feesh holders. Wager matches using real OMI are also live, as is burning OMI tokens from matches. The prize pool is currently accumulating and will be used in an exclusive “Beta-player only” tournament, and the Win/Loss records of the Feesh in the Beta tournament will be added to the Beta Arena Feesh’s metadata forever as a badge of honor! — Do I Need a Feesh NFT to Play in the Feesh Arena?. — You will need a Feesh to participate in the beta game. Once out of beta you will be able to use layer 2 OMI tokens to play if you don’t hold a Feesh NFT. — Where/How Can I Acquire A Feesh?. — New Feesh can be minted at https://feeshes.com/#mint. They are purchasable using ETH, and you will need to sign/confirm the transaction using your MetaMask wallet. Don’t Have Any ETH? The MetaMask browser extension has a ‘buy’ button, that will allow you to easily purchase ETH with a credit card, which you can then use to purchase your Feesh. Keep in mind you will also need some ETH to pay for gas, which you can track here. If you’re using the Ethereum blockchain for the first time you will need more ETH than just the cost of 1 Feesh (0.033 ETH) in order to process the transaction and purchase a Feesh. — How Do I Use OMI Tokens in the Feesh Arena?. — You will need to use OMI L2 (IMX) tokens. The Profile section of the Arena has an easy view for seeing which types of OMI you have as well as instructions to easily transfer your L2 OMI In/Out of the Arena. If you aren’t sure — feel free to stop into the FeeshCord to get assistance. — Can I Play Feesh Arena on a Mobile Device (Phone/Tablet)?. — Yes, you can use the mobile browser and the MetaMask app to connect to IMX. iOS does not allow for crypto transfers via MetaMask so the Arena uses a “Spot wallet” that you can use to load up as much OMI as you’d like, and withdraw back to your main wallet whenever you wish (for free). The Feesh Arena will interface with your spot wallet to play games using the OMI tokens that are in your spot wallet. — Do I Have to Use Metamask?. — Metamask is the preferred wallet to interface with the Feesh Arena. As the Arena uses the IMX blockchain it will generally support anything its network supports. MetaMask is also the simplest user experience to manage your layer 1 and layer 2 OMI tokens in the Feesh Arena. Whilst you can use Coinbase’s wallet or Trust wallet to customize your Feesh Tanks and store your NFTs, the Arena (game) makes use of the IMX protocol and therefore needs to interface with the wallets that they allow. Please do not try to use Trust wallet or any other phone/desktop wallet extension to play in the Feesh Arena. — How Do I See My Token Balances?. — There are a few variations of the OMI token that exist (OMI on Layer 1 Ethereum, and Layer 2 Immutable for example). As such the Feesh Arena has a profile section in the app that will show you all of your OMI balances (L1, L2, L2 Spot, etc) for you to easily understand where your tokens are, and what the balances are in each wallet. It will also allow you to easily transfer between spot wallets and your L2 Vault as well as transfer/receive easily from VeVe (without the use of any gas). The only time you would need to do something that uses gas would be when you’re trying to deposit Layer 1 OMI to Layer 2, or withdrawing L2 OMI back to L1- also known as ‘bridging’ your assets. For a full walkthrough on how to Bridge, please see this article below How To Bridge Your OMI Tokens — Do I Need to Bridge My OMI Tokens to Participate?. — The Feesh Arena is built on Immutable X, which means it natively supports Layer 2 OMI tokens. If you currently hold OMI tokens in your VeVe app wallet, you already have layer 2 OMI and can withdraw them to your MetaMask wallet to use in the Feesh Arena straight away. Please see Step #6 in these instructions for how to do so. This also means that when OMI > NFT is enabled in the VeVe app, you can sell VeVe collectibles for OMI, withdraw them to the Feesh Arena to have more fun, and then easily transfer them back to your VeVe OMI wallet, completely gas-free. If you currently hold OMI tokens in your own Ethereum wallet, or on an exchange, you have Layer 1 OMI tokens. ⚠️ You will first need to deposit them to Layer 2 Ethereum (Immutable X) before you can spend them in the Arena. Please see step #4 in the Bridge Instructions for the walkthrough guide. If you still have GoChain OMI tokens or wrapped OMI (wOMI) tokens, you will need to migrate them from GoChain to the new ERC20 OMI token using these instructions. — About ECOMI. — Information on this channel is for educational purposes only. It should not be considered financial advice and all users are advised to do their own research. See disclaimer. ECOMI is a technology company based in Singapore and is leading the way in the emerging digital collectibles space. ECOMI offers a one-stop shop for digital collectibles through the VeVe app bringing pop culture and entertainment into the 21st century. The VeVe app allows users to experience true ownership of premium digital collectibles. Through the app marketplace, users can obtain common, rare, or one-of-a-kind digital collectibles, share these across the social network service, and exchange them with the VeVe community, all from the palm of their hand. ECOMI sees digital collectibles as a new asset class that offers intellectual property owners the opportunity for new revenue streams in the digital landscape. Digital streaming, gaming, and in-app purchasing have become a multibillion-dollar market, and the next to join this digital trend is the pop culture and collectibles industry. Or, for more information please join the community on Telegram, Twitter, and Facebook. — About Feeshes. — Feeshes is an NFT experience that aims to provide utility from start to finish to its holders. The NFTs start off as flat images like many other NFT projects — but once combined with the Feeshes Dapp (https://feeshes.com) they come to life and swim around your very own customizable Feesh tanks. Each month, at a minimum during the guaranteed content period, you will receive one airdrop with utility in your tanks. As a Feesh holder you also get tons of access to giveaways, exclusive artist drops, participation in the ever-expanding lore/story, additional airdrops, collective executive producer credit for a Hollywood film, and so much more. The goal of the Feeshes is to push the boundaries of what’s possible with an NFT project and strive for “10x value felt” by each and every holder. ECOMI x Feesh Arena was originally published in ECOMI on Medium, where people are continuing the conversation by highlighting and responding to this story.
ECOMI Monthly Update- M A Y 2022
May was certainly a spicy month as we announced Epiko Regal as the first play-to-earn game utilizing the OMI token and staking was offered for the first time thanks to AscendEX Earn. On top of that, we rolled out a new augmented reality feature for VeVe, released the mighty God of Thunder, celebrated the start of season 4, and of course, dropped a little brand you may have heard of… Star Wars! — Play to Earn with Epiko Regal - Epiko Regal is a tower defense game imbued with augmented reality features that introduce thousand-year-old legends and ancient superheroes of the East to fans around the world through gameplay, digital motion comics, NFTs, and in-app competitions. OMI token holders will soon be able to bridge their tokens to Polygon to use on the Epiko Regal NFT marketplace for a range of benefits and utilities including purchasing NFTs, accessing in-game items and collectibles, and exclusive access to EPIKO token packages and hero NFTs. Testing/utilizing the Epiko marketplace also contributes to the pool of OMI to be won through Epiko’s play-to-earn mechanic, whilst also contributing to token burns from circulating supply. ECOMI X Epiko Regal The public launch of the Epiko marketplace is currently slated for the end of June, and in the meantime gamers and fans alike can download the game now to begin building their ideal decks, verse other players, and build the skills it takes to bring home the OMI pot prize in their tournaments and super leagues. If you haven’t seen it yet, you can also check out the details in the Epiko whitepaper here, or listen back to the first AMA between ECOMI and Epiko to hear the teams discuss this integration and partnership. While you’re at it you can always reach out directly to Venkatesh and the team with your ideas and feedback to help shape this fun and addicting experience! — @ecomi_ — Play To Burn with Cannon Crisis + Move Up 2D - There truly is no community like the ECOMI Fam, and in the past month or so their creativity and cooperation have stepped up to create a myriad of ways to burn OMI from circulating supply. Big shoutout to Curtis for releasing the first Play to Burn gaming mechanic for the OMI token in Cannon Crisis, which is now live on Android and iOS, alongside a second game-Move Up 2D. Aside from being fun to play, the advertising revenue generated is used to burn OMI tokens from circulating supply. That means that the more daily players (and ad watchers), the more advertising revenue will be generated, and the more tokens we permanently wave goodbye to! 🔥 To find all games that are utilizing and burning the OMI token you can use another community-built resource- the OMI Arcade. — Staking is Now Available Through AscendEX Earn - In the first partnership of its kind, staking is now live and available thanks to our partnership with AscendEX Earn. AscendEX Earn is a central hub for Staking, Yield Farming, and other products that empower users to extract the maximum value from their crypto holdings. Through AscendEX Earn, OMI token holders can now earn annual percentage rate (APR) based yields by committing their tokens to stake, with daily compounding rewards. We are incredibly happy to report that more than 6000 users are now staking their OMI tokens, with a combined value of over $20 million USD. If you missed it you can get the details in this AMA on Twitter Spaces, and we would like to extend an early congratulations to our pending winners- as part of this promotion 20 participants will also take home a VeVe NFT! 👏REMINDER: if you currently store your OMI tokens in the VeVe app you have layer 2 OMI and will need to bridge your tokens back to layer 1 Ethereum before you can send them to AscendEX to stake.🚨 ECOMI x AscendEX Earn — OMI Token Listings. — While these are not official or sanctioned token listings, the OMI token did become available on two new exchanges throughout May. The first- Kriptomat.io- is a simple-to-use exchange regulated in the EU, offering one-click purchases of the OMI token with Euro’s/european credit cards. The OMI token is currently live and available to purchase, however, withdrawals are not yet enabled, so please be aware of that if you choose to purchase on the exchange. There is currently no clear timeline as to when they will become available. Spanish exchange Bit2Me is also equipped to service the European market and is now also offering purchases of OMI with a credit card. At the time of writing, we have not been in touch with the Bit2Me team or used the exchange. — AMA’s and Community Conversations - The communications are always flowing across the Fam, and May was no different, as Rhys and Ian kicked off the month with an AMA on his channel Essentially Crypto. Shortly after, this was followed up with a special appearance from VeVe Co-founder and CEO David Yu, dropping in on a mammoth stream with Randy Chavez. medium.com medium.com Rhys and Alex also hosted a community AMA mid-month on Twitter Spaces, which you can find in the recap article below. If you haven’t seen it yet you can also find all of the streamers and content creators in our community in the ‘videos-livestreams’ channel in VeVe Discord, so check it out to find those creators who best match your interests. Community Update/AMA Recap — Fri, 13 May 2022 — VeVe Occlusion in AR! - The augmented reality feature truly sets VeVe apart from other NFT platforms, giving fans a way to drop their favorite items into the real world, and bring their collections to life! Now, VeVe collectors with the latest smartphones (iPhone 12 and above, and the latest Samsung devices) can experience occlusion in AR- a feature that allows you to place and ‘pin’ your collectibles behind walls or objects and add entirely new dimensions to the augmented reality experience. — VeVe Web App - After being previewed in April, the long-awaited VeVe web app has made it into the hands of our VeVe collectors as access to the beta version of the web app has begun to roll out. There are now around 3,000 users testing the platform, which mirrors the phone app that everyone knows and loves, with a few additional features and expanded layouts. If you don’t have access yet please don’t panic, invites are being released on a rolling/incremental basis as we test and de-bug along the way, and unless your account has been whitelisted you will not be able to log into the web app.WARNING: please be wary of scam/phishing emails claiming to be VeVe and offering access to the web platform. It can only be accessed at app.veve.me, and your login will not work if you have not been invited/whitelisted for access. ⚠️️ — Season 4 Has Begun! - It’s hard to believe we’re already in season 4 on VeVe, and what a better way to kick things off than with the God of Thunder, son of Odin, and Prince of Asgard- THOR! Commanding the mystical hammer Mjolnir, Thor uses his mighty abilities to protect his home, Asgard, and planet Earth alike with his enhanced longevity and superhuman strength, speed, agility, durability, and immunity. Marvel Studios — Thor Thor has already become a Fam favorite, allowing all VeVe Collectors to call on the powers of the heavens and create fun new experiences in the VeVe Showrooms (unless you’re Finn…). — @TalesfrM Our ‘Goodbye Season 3’ giveaway also celebrated and commemorated an incredible 6 months of NFT releases on the platform, with more than 60 prizes handed out to participants. If you don’t already be sure to follow the VeVe Twitter account for your chance to participate in future promotions and giveaways. — VeVe Drops - — Marvel Mightys. — Series 6 of Marvel Mightys hit the VeVe shelves in May featuring everyone’s favorite merc with a mouth, Deadpool, along with some — according to him — less cool versions of himself. Whether you’re a fan of Lady Deadpool, Zombie Deadpool, Dogpool, or the Secret Rare Deadpool The Duck, this line of collectibles adds a new spin to some of Marvel’s most iconic Super Heroes. — DC Battle Statue- Superman™ vs. The Flash™. — DC Battle Statues are a series of digital collectibles that showcase epic clashes between DC Super Heroes and Super-Villains. Originally sculpted by Alterton and Alejandro Pereira, and inspired by the classic Superman #199 (1967), our next DC Battle Statue featured The Man of Steel™ and The Fastest Man Alive™ squaring off! If you’re lucky enough to own this piece of premium digital history be sure to check it out in AR if you haven’t already! DC Battle Statues— Superman™ vs. The Flash™ — May the 4th Be With You - The Star Wars speculation was on the money in May as we celebrated Star Wars Day with the release of the iconic Star Wars Digital Comic— Star Wars™ #1 (1977). This adaptation of A New Hope! introduced Luke Skywalker™, Princess Leia™, Obi-Wan™, and the villainous Darth Vader™ and featured the original 1977 cover, three variant comic covers, and a special theatrical poster variant in blind box format. — Star Wars Celebration Week - We knew that the comic alone wasn’t going to be enough to quell the M A Y hype, so we just had to join Star Wars Celebration Week by releasing a number of world-first digital collectible NFTs from the franchise with license partner Lucasfilm! — Star Wars™ — Lightsabers Collection — Series 1. — Beginning with some of the most recognizable and important Lightsabers from the Skywalker Saga, the first release of the week and first in the series- Star Wars™ — Lightsabers Collection features Lightsabers from television and movies that have captured audiences’ imaginations for decades. Each one is complete with one of the most recognizable sounds in the galaxy, the Lightsaber activation sound. Star Wars™ — Lightsabers Collection — Series 1 — Star Wars: Obi-Wan #1. — The next offering in VeVe’s digital comic line-up, and the second officially licensed Star Wars comic to hit the platform was released with Star Wars: Obi-Wan #1- just in time for the latest Show by the same title to be released on Disney+ This fully readable digital comic NFT was released with four cover rarities in blind box format, and as he spends his final days in the remote deserts of Tatooine, Obi-Wan Kenobi™ takes time to reflect on — and record — key moments of a heroic life long-lived. Writing in old leather-bound journals from his hermit’s hut, Obi-Wan remembers his days as a young Jedi Initiate, his trials as a Padawan, the crucible of Jedi Knighthood, and The Clone Wars, and some of the earliest challenges he faced as a true Master of the Force! Get all the details in our drop article below, and if you missed it you can collect this piece of Star Wars History in the VeVe Market. Star Wars™ Digital Comics — Obi-Wan #1 — Star Wars — Theatrical Posters Series — 1. — Posters are often the first image we associate with a movie or television series, capturing the essence of the story, these images become cemented in our minds forever. Selected from the Lucasfilm Archives, The Star Wars Posters Collection gathers some of the most iconic, and some of the most obscure, images from across the five decades of storytelling set in that galaxy far, far away. The Star Wars™ Theatrical Poster Series saw three poster variants and rarities released in blind box format to commemorate the original Star Wars trilogy, with theatrical posters from Star Wars Episode IV: A New Hope, Star Wars Episode V: The Empire Strikes Back, and Star Wars Episode VI: Return of the Jedi. — Star Wars- Dark Side Collection- Series 1. — The Dark Side Collection features iconic Sith Lords from throughout the Star Wars™ galaxy, showcasing the dark side of the Force and includes some of the most recognizable characters from a galaxy far, far away. If there was one prayer (or demand!) to be answered in May, it was “Wen Vader?!” Safe to say we are incredibly happy to have answered that question with the penultimate NFT release in a week of celebrations! Star Wars™ — Darth Vader The Dark Side Collection’s debut NFT is arguably one of the most recognizable characters from the franchise and around the world- Sith Lord Darth Vader- the villain from the original Star Wars™ trilogy. This series of full-color 3D collectibles perfectly showcases the iconic Vader, ensuring that no one underestimates the power of the dark side, and the animated and ultra-rare edition- The Emperor’s Fist- offers Vader with his lightsaber drawn, performing his infamous Force choke. — @DipBuyer_1 — 3D Retro Presents VeVe X DesignerCon - After a record-breaking partnership for their inaugural collaboration in 2021, DesignerCon and VeVe have teamed up again for a much bigger and even more exciting 2022 with the first IRL event of the year taking place at the iconic 3DRetro campus in Glendale, CA. Regardless of whether you can attend the event you can still participate in our drops across the weekend, taking place on June 4 at 1 pm PTD. This event also marks the beginning of monthly drops leading up to DesignerCon UK (September 3–4, 2022) and DesignerCon Anaheim (November 18–20, 2022)- prepare for a huge list of surprises in both digital (and physical!) collectibles all year long! VeVe x DCon Kickoff Party + DCon 2022 Collection — Series 1 — Key Info For Those Attending:. — Brett Crawford will be signing his extremely limited physical release of “S3LF MADE” starting at Noon. Purchasers at the event will get a guaranteed reservation for the purchase of the NFT version on VeVe later this year!, Score Together: The event starts at 12 PM, and DCon Series 1 drops at 1 PM PT, Grub Together: Free food for the first 500 scanned ticket holders! Food trucks include District Burger, Salt N Pepper Truck, La Boom (Mexican), and desserts from LA Donut, Win Together: Physical and digital collectible giveaways, Shop Together: The 3DRetro store will be fully stocked! Pick up some physical versions of VeVe NFTs, like Camille Rose Garcia’s Vultura, Vibe Together: Music by DJ Alex Yang, Quench Together: Thirsts Murdered by Liquid Death, — @veve_official M A Y was a truly monumental month for both ECOMI and VeVe, and we want to thank everyone who has taken part in the celebrations and continues to support our team and community. We couldn’t do it without you Fam and look forward to celebrating everything that season 4 has to offer with all of you. 🙏 If you’re in the US we hope to see as many of you as possible at the Dcon kickoff this weekend, and if you can’t make it we hope to meet you all at the London and Anaheim events later this year! Information on this channel is for educational purposes only. It should not be considered financial advice and all users are advised to do their own research. See disclaimer. — About ECOMI - ECOMI is a technology company based in Singapore and is leading the way in the emerging digital collectibles space. ECOMI offers a one-stop shop for digital collectibles through the VeVe app bringing pop culture and entertainment into the 21st century. The VeVe app allows users to experience true ownership of premium digital collectibles. Through the app marketplace, users can obtain common, rare, or one-of-a-kind digital collectibles, share these across the social network service, and exchange them with the VeVe community, all from the palm of their hand. ECOMI sees digital collectibles as a new asset class that offers intellectual property owners the opportunity for new revenue streams in the digital landscape. Digital streaming, gaming, and in-app purchasing have become a multibillion-dollar market, and the next to join this digital trend is the pop culture and collectibles industry. Or, for more information please join the community on Telegram, Twitter, and Facebook. ECOMI Monthly Update- M A Y 2022 was originally published in ECOMI on Medium, where people are continuing the conversation by highlighting and responding to this story.
ECOMI x AscendEX Earn
OMI staking is now live through AscendEX Earn and you can earn up to 10% APR!. — AscendEX exchange has provided one of the most active markets for buying and trading OMI tokens since it was listed in early 2021. Now, in a new partnership with AscendEX Earn, OMI holders are able to stake their tokens on the platform to earn up to 10% APR on their holdings, and enter the draw to win a VeVe NFT! — AscendEX Earn. — AscendEX Earn is a central hub for Staking, Yield Farming, and other products that empower users to extract the maximum value from their crypto holdings. Through AscendEX Earn, OMI token holders can now earn annual percentage rate (APR) based yields by committing their tokens to stake, as well as learn about a range of investment opportunities available on AscendEX.Details - Staking opens on May 18, 10 AM ET, and you can participate here., No staking limits or individual cap, There is no lockup period, however, a 7-day unbonding/unstaking period will apply to withdraw your stake, Instant unstaking is available for a 3% fee, Starting APR 10%, Rewards accrue daily on deposits, and will compound daily if the staker selects ‘compound mode.’, Your OMI stake is also available to use as collateral for futures trading, How to Stake Your OMI Tokens - Staking OMI through AscendEX Earn is simple and intuitive. If you already have an account you can skip to step 2 below. Note: AscendEX has recently been through an ecosystem rebranding and update. The instructions linked below are still valid, however, the appearance of the new AscendEX desktop/app may vary. — 1. Register an Account. — Before you can participate in staking you’ll first need to register an account with AscendEX. You can do this through the desktop browser and/or the AscendEX mobile app, available on Android and iOS. Desktop instructions, Mobile Instructions, — 2. Deposit Your OMI Tokens. — Once your account is registered and verified you can deposit your OMI, or purchase them directly on the exchange (pairing OMI/USDT) if you don’t already hold OMI tokens. AscendEX ONLY accepts ERC20 OMI tokens. If you are still holding the old GoChain OMI token or wrapped OMI (wOMI) tokens please swap them for the new ERC20 token before depositing, using these instructions. Once they have been received and fully confirmed you will be able to participate in staking. Desktop Instructions, Mobile Instructions, Reminder: If you currently store your OMI tokens in the VeVe app, you have layer 2 OMI and cannot send them directly to AscendEX to stake🚨You will have to withdraw your tokens back to layer 1 (base-chain) Ethereum using the IMX bridge before depositing to the exchange: How To Bridge Your OMI Tokens — 3. Participate in Staking. — Account-holders can participate in staking through the AscendEX Earn website or mobile app. To do so on desktop: Search for the OMI token, and click the ‘deposit’ button to begin., Enter the number of tokens you would like to stake. You will also see an estimation of the rewards you will earn, based on the current APR., Select ‘compound mode’ if you would like your daily rewards to be automatically re-staked and compound your returns, Confirm you have read and agreed to the AscendEX staking agreement. Using the drop-down menu you can also view the deposit and redemption rules, including payment dates and applicable fees for instant redemption., Tap ‘Confirm’ to begin earning rewards!, If you’re using the mobile app you can follow these instructions for more information.VeVe NFT Giveaway - To celebrate this initiative we’ll also be giving away some limited edition digital collectible NFTs to staking participants. The NFT Giveaway Campaign will run from May 18th to June 1st, and winners will be announced after the event concludes (within 15 days). Participants have two chances to win a VeVe NFT prize depending on a) the total threshold amount staked on the AscendEX Earn platform, and b) individual staked amounts — Prizes:. — The first giveaway promotion is based on the total amount of OMI staked on the platform in the period between May 18 to June 1. That is to say — the more that is collectively staked by the ECOMI Fam the more NFT prizes are unlocked! ⭕ Tier 1: >$500k-$1M Prize: 2 common NFTs, Tier 2: >$1M-$2.5M Prize: 2 uncommon NFTs, Tier 3: >$2.5M-$5M Prize: 2 rare collectible NFTs, Tier 4: >$5M-$10M Prize: 2 ultra-rare collectible NFTs, Tier 5: >$10M Prize: 2 secret rare collectible NFTs, Similarly, individuals have a chance to win 1 of 10 VeVe NFTs based on their personal staked amount/tier. These will also be awarded at the completion of the promotion. Tier 1: $1k-$5k Prize: 2 rare collectible NFTs, Tier 2: $5k-10k Prize: 2 rare collectible NFTs, Tier 3: $10k-25k Prize: 2 ultra-rare collectible NFTs, Tier 4: $25k-50k Prize: 2 ultra-rare collectible NFTs, Tier 5: $50k Prize: 2 secret rare collectible NFTs, — Don’t Miss Out!. — AscendEX will release instructions on how to participate in the VeVe NFT giveaway, so please ensure that you are following ECOMI and AscendEX on Twitter so you don’t miss out! All users will need to download and register for the VeVe app in order to participate and provide their username/QR code to receive the NFT prize.FAQ - — What is Staking?. — Staking typically refers to tokens on proof of stake blockchains, allowing token holders to participate in supporting the network- by running a node. However, in many instances, there is a substantial investment required to run an independent validator (32 ETH for an Ethereum node, for example). The term staking, however, is used interchangeably by exchanges and crypto-platforms to reference generating a yield on your token holdings. — Is Staking Safe?. — Staking is a safe way to accrue rewards on your OMI tokens, however, there is always some risk involved, particularly as you are trusting a third party (AscendEX) to custody your assets. AscendEX Earn also allows you to use your staked assets as collateral for futures and/or margin trading. This is incredibly high risk, particularly as crypto markets can be incredibly volatile, and you could lose your staked collateral (OMI tokens) if you are not an experienced/professional trader. We do not recommend this for beginners. — How Do I Unstake My OMI Tokens?. — Unstaking your tokens is as easy as staking them, and you can follow the instructions below to do so: Desktop, Mobile, While there are no lockup periods on your staked OMI, please bear in mind there is a 7-day unstaking period once you have confirmed you would like to redeem your stake/rewards, at no cost to you. You can also elect to have your assets unstaked instantly, however, this will incur a 3% fee. — I Store my OMI on VeVe- Can I Use Those?. — If you currently store your OMI tokens in your VeVe app wallet you have layer 2 OMI and cannot send them directly to AscendEX to stake. ⚠️️ You will first need to withdraw your tokens back to layer 1 (base-chain) Ethereum using the IMX bridge, before depositing them to the exchange. Walkthrough Guide. — Are There Any Restrictions Based on Country/Residency. — Yes, some countries are restricted from creating an account. For a full list of countries/regions accepted for account registration please see this link. — AscendEX Support. — For account and support inquiries you can contact AscendEX support here. Information on this channel is for educational purposes only. It should not be considered financial advice and all users are advised to do their own research. See disclaimer.About ECOMI - ECOMI is a technology company based in Singapore and is leading the way in the emerging digital collectibles space. ECOMI offers a one-stop-shop for digital collectibles through the VeVe app bringing pop culture and entertainment into the 21st century. The VeVe app allows users to experience true ownership of premium digital collectibles. Through the app marketplace, users can obtain common, rare, or one-of-a-kind digital collectibles, share these across the social network service, and exchange them with the VeVe community, all from the palm of their hand. ECOMI sees digital collectibles as a new asset class that offers intellectual property owners the opportunity for new revenue streams in the digital landscape. Digital streaming, gaming, and in-app purchasing have become a multibillion-dollar market, and the next to join this digital trend is the pop culture and collectibles industry. Or, for more information please join the community on Telegram, Twitter, and Facebook. ECOMI x AscendEX Earn was originally published in ECOMI on Medium, where people are continuing the conversation by highlighting and responding to this story.
ECOMI Monthly Update- April 2022
The Immutable X bridge is open, Epiko Regal announces p2e gaming using OMI, and all of our exchange partners have completed the migration! Coca-Cola Starlight launched on VeVe, Matt Gondek airdropped to collectible holders, and VeVe partnered with AMC theaters for a Jurassic Park NFT tie in. — ECOMI Updates - — OMI Token Migration. — We are very happy to report that all exchanges have now completed the OMI token swap. In April both OKx and gate.io completed the token swap and enabled withdrawals of the new ERC20 OMI token. — It’s Time to Swap!. — If you have not swapped your tokens from the old GoChain OMI token and/or wrapped OMI (wOMI) to the new ERC20 OMI token the swap site is live, and we recommend swapping your tokens if/when ETH gas prices are low. At the time of writing Bitforex is still accepting GoChain deposits and allowing ERC20 OMI withdrawals. This is a good option for those who are not as technically savvy or perhaps only have smaller token amounts to swap, you just need to ensure you are depositing and withdrawing on the correct chain. As always please use SMALL test amounts (the absolute minimum you can send) to ensure you are doing things correctly. For larger token amounts, or those that prefer complete control/security throughout the token swap process you can use the walkthrough guide below to complete the process. You can also check out Crypto Chris’s token swap guide here for a video explainer. ECOMI x Immutable Migration: Manual Token SwapReminder: the swap site is only designed to interface with MetaMask and on a desktop browser. Please do not use the MetaMask mobile app, Trust wallet, or anything other than the desktop/broswer version of MetaMask to swap your tokens! — The Immutable X Bridge Is Now Live!. — The Immutable X bridge/ERC20 transfer site is now live. With it you can: Deposit ERC20 OMI from Layer 1 Ethereum (L1) to Immutable X’s Layer 2 protocol (L2)., Send OMI to and from the VeVe app for storage or later use (as all VeVe OMI wallet addresses now live solely on Layer 2), Spend your OMI in the IMX marketplace, or other compatible IMX marketplaces, if there are NFTs available for sale listed in OMI., Withdraw OMI from your L2 wallets back to L1, to be sent to personal wallets such as Trust or Ledger, used in external games and applications that support L1 OMI, or to transact on exchanges., We’ve put together a complete walkthrough guide which you can access below. Again, please only use the desktop/browser version of MetaMask to interact with the IMX token bridge. How To Bridge Your OMI Tokens — Public Details and Branding Updates. — Alongside the bridge opening Immutable has also updated the OMI logo in the IMX marketplace- a much-requested community feature! You will now see the OMI logo displayed on market.immutable.com and in the wider IMX ecosystem. Similarly, Etherscan has updated our token information and logo, which you can now find easily if you search for ‘ECOMI’ on etherscan.io. This provides quick and verifiable access to the ERC20 OMI token contract address, should you ever need to add it — OMI Supported in Ledger Live + Coinbase Wallet. — Ledger is one of the most popular and widely used cold storage crypto wallets on the market, and they have recently integrated the OMI token into Ledger Live. In March OMI became available on Ledger X’s companion app, and in April token support became available in the Ledger Live desktop app, allowing token holders to easily store, access, and transact with their OMI tokens directly from Ledger cold storage devices. You can now also purchase OMI tokens directly through the Coinbase browser wallet. Similar to purchasing OMI through MetaMask, these wallets interface with decentralized exchanges such as Uniswap, and can now provide millions of Coinbase wallet users with access to the OMI token. The current and available pairing is ETH/OMI. — ECOMI X Epiko Regal ⭕ - The team behind Epiko Regal (and soon the wider EpikoVerse) have been long-time friends of the company, and recently announced they would be integrating the OMI token into their game and NFT platform for purchases and play-to-earn mechanics. Imbued with augmented reality features, Epiko Regal is a tower defense game that introduces thousand-year-old legends and ancient superheroes of the East to fans around the world through gameplay, digital motion comics, NFTs, and in-app competitions. The gaming application is just one part of the wider Epiko universe, and OMI token holders will soon be able to use their tokens for a range of benefits and utilities in the Epiko Regal marketplace including purchasing NFTs, accessing in-game items and collectibles, and exclusive access to EPIKO token packages and hero NFTs. Check out our announcement article and the Epiko Whitepaper for more details, and stay tuned for a community AMA with the Epiko CEO, scheduled for Wednesday, May 18, at 2 PM PDT on ECOMI Twitter Spaces. ECOMI X Epiko Regal — Community Updates + Conversations - A number of AMA’s and community conversations took place in April, kicking off Rhys and Taps celebrating their one-year anniversary. If you missed this conversation you can catch up below, discussing the current state of the ecosystem, future development plans, and OMI integrations. medium.com Moreover, in our ongoing efforts to bring you the latest information and ecosystem updates, the VeVe co-founders joined Alex for our April community update video. As a reminder we aim to release a co-founder’s update video monthly, and if that’s not enough you can also join Rhys and Alex in bi-weekly AMA’s on VeVe Twitter spaces. medium.com In case you missed it, VeVe co-founder David Yu joined Elite Comics and Old Rhubarb in March to discuss the new world of Digital Comic NFTs. This interview was made available on the Comics and Crypto Youtube Channel in April, and you can catch it below if you haven’t seen it yet. medium.com We have also recently added a Japanese Language channel in the VeVe discord server, and want to extend a huge welcome and thank you to our Japanese moderators and community members who have helped to make this possible. 🇯🇵 Aside from Japanese, VeVe discord now offers a number of language groups, including French, German, Spanish and Dutch, so jump in and get chatting with the Fam if you’re not already a member! — VeVe Updates - The regulatory landscape surrounding NFTs is constantly evolving, and with the growing interest in this space over the past 12 months, NFTs are receiving increasing focus from regulatory authorities. These regulatory authorities are responsible for administering anti-money laundering (AML) regulations which can apply to virtual assets such as NFTs. As a result, peer-to-peer Gem transfers (permanent), and peer-to-peer collectible transfers (temporary) have now been disabled within the VeVe app. Know-your-customer (KYC) procedures will also be introduced in the coming weeks, all of which serve to future proof the business, and create a fairer and more democratic experience for our VeVe collectors. VeVe App Update: Transfers & KYC There were also a few collectible upgrades in April much to everyone’s delight. The Ghostbusters Ecto-1 saw some dynamic lighting added, and the DeLorean Time Machine from Back to the Future is now controllable/driveable in augmented reality! If you’re a fan you can pick up both of these awesome collectible vehicle NFTs in the VeVe Market. — @veve_official — VeVe X AMC Theatres - As many of you would be aware, a recent app update added a ‘promo code’ feature to the VeVe app. This feature is designed to allow fans and collectors to redeem limited edition NFTs on the platform, and opens up a new realm of possibilities for marketing and promotions. Now, in celebration of the pending release of Jurassic World: Dominion, VeVe has partnered with AMC Theaters to offer collectors a redeemable digital collectible NFT! Fans can purchase tickets for the double film feature here, giving you access to watch the original Jurassic Park (1993) and be the first to witness Jurassic World: Dominion on June 9th at AMC Theatres. — Artist Spotlight - — Matt Gondek. — Matt made his first appearance on VeVe in early March with series 1 of Gondek’s Weapons Racks and his premium digital collectible art piece- Failure of Control. In April, Gondek fans were rewarded as Matt airdropped limited edition collectibles to holders who had completed these sets. Those holding Failure of Control at the time of the snapshot received the secret rare Deadbeat- Melvin- and anyone holding the complete set of Weapon’s Racks also received the secret rare Deadbeats- Dysfunctional Family street print. Matt Gondek — DEADBEATS As an added bonus the common Deadbeat- Matt- also animates when placed close to the Ultra Rare (black/gold) weapon rack in your VeVe Showrooms! — Patrick Hughes. — Patrick Hughes is famed as the inventor of Reverspective art. Reverspectives are three-dimensional paintings that when viewed from the front initially give the impression of viewing a painted flat surface that shows a perspective view. However, as soon as the viewer moves their head even slightly, the three dimensional surface that supports the perspective view accentuates the depth of the image and accelerates the shifting perspective far more than the brain normally allows. medium.com For the last 25 years Patrick’s 3-D reverspective paintings have been exhibited around the world and featured in many public collections. In late April Patrick released the first ever reverspective art NFTs on VeVe, Crate Expectations and Contemplating Venice. — @veve_official — VeVe Drops - Not a week goes by without some jaw-dropping digital collectible NFT releases on VeVe, and April was no different! — Coca-Cola Creations. — In 1985, Coca-Cola was the first soft drink consumed in outer space, when astronauts aboard the Space Shuttle Challenger sipped from the Coca-Cola Space Can. Now, more than 36 years later, the brand is bringing the magic of outer space down to earth for a limited time via the launch of an intergalactic flavor and galaxy of immersive, other-worldly digital experiences. Coca-Cola Creations— Starlight — United States Postal Service. — Digital collectible stamp art has quickly become a staple on VeVe, and through the Commemorative Stamp Program issues stamps that honor events, persons, or themes. On April 10 the USPS commemorated one of the most popular baseball songs of all time with their latest release- Take Me Out to the Ball Game- originally released in 2008 to commemorate the 100th anniversary of the song. This NFT release also coincided with opening day of the National Postal Museum exhibit: Baseball: America’s Home Run, which opened on April 9th and will remain so until January 5th, 2025 — Batman: Black & White — Series 6. — DC fans had their prayers answered as series 6 of Batman Black and White hit the shelves (they didn’t last long!). The Batman: Black & White line has proven that something as simple as two colors and one character can inspire almost two decades worth of collectibles. It’s a line that continues to endure and will hold a special place in display cases for Batman fans for many more years to come. VeVe OG’s will also recognise the original loading screen in the app, which featured the uncommon Doug Mahnke Batman, now flying through VeVe showrooms! — Marvel Studios — Moon Knight. — Marvel Studios’ Moon Knight follows Steven Grant, a mild-mannered gift-shop employee, who becomes plagued with blackouts and memories of another life. Steven discovers he has dissociative identity disorder and shares a body with mercenary Marc Spector. As Steven/Marc’s enemies converge upon them, they must navigate their complex identities while thrust into a deadly mystery among the powerful gods of Egypt. Two separate drops for Marvel Studios’ Moon Knight were released in early April (Moon Knight and Mr. Knight), celebrating Marvel Studio’s new show on Disney+ by the same name. Check them out in our drop article below! Marvel Studios — Moon Knight — Marvel Digital Comics — Fallen Son: The Death of Captain America 1–5. — It’s not often that an entire story arc is released in one go, however Marvel digital comic NFT fans had the chance to collect exactly that- all five issues of Fallen Son: The Death of Captain America! One issue of the five-story arc was released each day for five consecutive days, complete with five varying cover rarities per comic, and featuring VeVe-Exclusive Rare & Ultra Rare covers. — Beta Testing The Veve Web App - Our beta-testing rollout also kicked off in April for the VeVe web application. Designed to be a mirror of the current phone app with additional features and functionality, the web app opens the VeVe digital collectible experience to a whole new audience! Beta testing is being rolled out in small batches to begin, and only those who receive an email directly from VeVe (and are therefore whitelisted) will have access to log in to the web app. Please be wary of scam/phishing emails impersonating VeVe. We’ll post on our socials when the next batch of invites is released, so until then sit tight and enjoy this first look video thanks to Foster Hilt! medium.com — Join The Fam! - Want the latest scoop on VeVe updates, news, giveaways, and more?! We have launched a new mailing list sign-up so you don’t miss any announcements coming out of camp VeVe! If you are already part of our mailing list you do not need to re-join, however if you are brand new to VeVe now is your chance to rejoin the Fam and stay in touch with us. Simply add your details in this form to join, and stay tuned for more great announcements! Note: This form is only for new subscribers, if you have previously subscribed, please open any VeVe email and follow the “manage preferences” link at the bottom to resubscribe. Information on this channel is for educational purposes only. It should not be considered financial advice and all users are advised to do their own research. See disclaimer. — About ECOMI - ECOMI is a technology company based in Singapore and is leading the way in the emerging digital collectibles space. ECOMI offers a one-stop shop for digital collectibles through the VeVe app bringing pop culture and entertainment into the 21st century. The VeVe app allows users to experience true ownership of premium digital collectibles. Through the app marketplace, users can obtain common, rare, or one-of-a-kind digital collectibles, share these across the social network service, and exchange them with the VeVe community, all from the palm of their hand. ECOMI sees digital collectibles as a new asset class that offers intellectual property owners the opportunity for new revenue streams in the digital landscape. Digital streaming, gaming, and in-app purchasing have become a multibillion-dollar market, and the next to join this digital trend is the pop culture and collectibles industry. Or, for more information please join the community on Telegram, Twitter, and Facebook. ECOMI Monthly Update- April 2022 was originally published in ECOMI on Medium, where people are continuing the conversation by highlighting and responding to this story.
ECOMI X Epiko Regal
Epiko Regal- a tower defense game available on Android and iOS- utilizes the OMI token for gameplay benefits and NFT purchases.. — Epiko Regal is a mobile gaming and entertainment app designed and developed by Wharf Street Studios. Imbued with augmented reality features, the tower defense game introduces thousand-year-old legends and ancient superheroes of the East to fans around the world through gameplay, digital motion comics, NFTs, and in-app competitions. The gaming application is just one part of the wider Epiko universe, and OMI token holders will soon be able to use their tokens for a range of benefits and utilities in the Epiko Regal marketplace including purchasing NFTs, accessing in-game items and collectibles, and exclusive access to EPIKO token packages and hero NFTs. Those strong enough to rise to the top also stand to take home OMI token prizes thanks to Epiko Regal’s tournament-style gameplay and the integration of play-to-earn mechanics!Epiko Regal - Epiko Regal is a strategic mobile gaming and entertainment application featuring cinematic comics and upgradeable augmented reality collectibles. To supplement the gameplay of the app, players can also build their NFT collections through the Epiko Marketplace with Epiko mythological characters, metaverse items, comics, 2D & 3D collectibles, emojis, mystery rooms, and hero NFTs. The game itself is a tower defense game, initially played against AI, with peer-to-peer play in development, and a range of community initiatives such as tournaments, super leagues, team play, and quests to follow thereafter.ECOMI X Epiko Regal - The OMI token is your key to enjoying a range of experiences within the Epiko Regal ecosystem. — Epiko Marketplace. — The Epiko Regal marketplace is built on Polygon (Matic) and is expected to be live to the public by the end of August at epiko.market. The Epiko NFT Marketplace offers a range of collectible NFT assets from the game itself, namely, warriors, weapons, powers, cinematic comics, and mystery stones, which can be purchased using either OMI tokens or ETH. When a user purchases any NFT collectible on the Epiko Marketplace with OMI, that user will receive a redemption code that can be used within the Epiko Regal application to receive a range of items, including: Free Gems, Gold coins, Crackers, XP points, AR collectible of the character purchased as an NFT, — EPIKO Token Packages. — Epiko Regal also offers their own token (EPIKO), which grants holders a range of benefits within the wider ecosystem. Thanks to this partnership, there is an initial allocation of EPIKO tokens (8.5 million) that are only available to purchase with OMI tokens. ⭕ EPIKO token holders are given access to discounts, exclusive NFTs and content, early access to new collectibles, the ability to upgrade your in-game warriors, entry to tournaments, and more. As the Epiko universe expands, holders of the EPIKO token are also entitled to bid on metaverse items such as virtual rooms (throne rooms, kings chamber, mystical planets, etc…), which can be purchased using OMI tokens or ETH. — Epiko Heroes. — With an initial focus on the Indian market, the Epiko marketplace is creating an exclusive space to curate and launch special NFTs based on iconic heroes. Access to EPIKO hero NFTs will only be available to OMI token holders, and can be bid on/purchased using OMI or ETH. — Epiko Events. — The Epiko team also has a range of in-person events planned. Aside from exhibits and demonstrations, these events will offer fans exclusive and limited edition physical versions of their favorite Epiko Regal heroes, which can be purchased at the event using fiat, OMI tokens, or ETH. — Epiko Superleague and Tournament. — Epiko Regal incorporates a number of play-to-earn mechanics, offering token prizes and exclusive NFTs to tournament winners and those players who attain certain ranks/trophies within the game. Each year, Epiko Regal will host four exclusive events for gamers to showcase their skills, two super league competitions (solo play) and two tournaments (team play). In order to participate, players must be holding either OMI or EPIKO tokens, and winners stand to take home the coveted ‘OMI Pot’- a prize pool of OMI tokens, in-app assets, and gift vouchers. The OMI prize pool will be equal to 20% of all OMI collected from the sale of NFTs, per tournament/per quarter! — OMI Burn 🔥. — As an added bonus for OMI token holders, 10% of all OMI collected on the Epiko Regal Marketplace will also be returned to the OMI Reserve Wallet each quarter to be burnt by the sale of VeVe digital collectible NFTs.Collecting NFTs with OMI! - The Epiko ecosystem is built on Polygon- an Ethereum side chain/layer 2 which allows for scalability and lightning-fast confirmation times while leveraging the security and flexibility of Ethereum and its constituents. In future versions of the Epiko Marketplace, you will be able to bridge your OMI tokens to Polygon’s L2 and transact with minimal gas fees. When the marketplace goes live, however, you will be able to purchase Epiko NFTs and token packages directly with Layer 1 OMI! That means no bridging, no fear of hacks, and nothing new to learn to begin collecting your favorite Epiko NFTs and leveling up your gameplay. — How Do I Know If I Have Layer 1 OMI?. — If you have purchased your OMI tokens on an exchange, or currently store them in an Ethereum wallet such as a Ledger, you have layer 1 OMI tokens. If you have OMI stored in the VeVe app wallet, you have LAYER 2 OMI tokens, and cannot use them to transact in the EPIKO marketplace. Please follow these instructions to withdraw your layer 2 OMI back to layer 1 if you wish to use them. How To Bridge Your OMI TokensWARNING: The OMI > Polygon token bridge is NOT available yet, and is not necessary to begin using the Epiko Marketplace when it is live.Please only use the official links in this article to access the Epiko Marketplace, and/or token bridge when they are live ⚠️ — Gas Fee Compensation. — High Ethereum gas fees can be an annoyance for people exploring new opportunities in the blockchain space. The team at EPIKO has committed to reimbursing part of the Ethereum gas fees paid for those purchasing a large number of Epiko NFTs- up to 80% of gas fees paid- when buyers have purchased a minimum of 100 EPIKO NFTs.Epiko Partners - Aside from our token partnership, the development team behind Epiko Regal- Wharf Street Studios- has also secured a range of industry partnerships to bring their gaming and metaverse visions to life: Kaloscope- a first-generation NFT-oriented social media metaverse, India Gaming Guild (IndiGG)- A subDAO incubating play-to-earn games and gaming talent in India, whose mission is to improve access to p2e gaming in the country, Polygon- The Epiko marketplace is built on the Polygon sidechain, which assists with tech development and community engagement. In the future, Epiko will also conduct contests through IndiGG targeted more specifically at the Polygon (Matic) community., Where Can I Learn More? - We are incredibly excited to offer OMI token holders with new utilities and uses for their tokens through this partnership, and will continue to explore future opportunities with Epiko as their ecosystem expands to bring added value to both the OMI & EPIKO token systems. To learn more about Epiko Regal, the OMI token partnership, and to join their community please see the following: The Epiko Regal Whitepaper, EpikoRegal.com, Epiko Regal blog, We will also host an AMA with Venkatesh- the CEO of Wharf Street Studios- in the second week of May, so please be sure to join our announcement channel and follow us on socials so you don’t miss it.Download Epiko Regal Today and Start Playing! - Epiko Regal is live now on both Android and iOS. You can download it now to start build your team of ancient warriors, and prepare for the Epiko Superleagues and tournaments! Information on this channel is for educational purposes only. It should not be considered financial advice and all users are advised to do their own research. See disclaimer.About ECOMI - ECOMI is a technology company based in Singapore and is leading the way in the emerging digital collectibles space. ECOMI offers a one-stop shop for digital collectibles through the VeVe app bringing pop culture and entertainment into the 21st century. The VeVe app allows users to experience true ownership of premium digital collectibles. Through the app marketplace, users can obtain common, rare, or one-of-a-kind digital collectibles, share these across the social network service, and exchange them with the VeVe community, all from the palm of their hand. ECOMI sees digital collectibles as a new asset class that offers intellectual property owners the opportunity for new revenue streams in the digital landscape. Digital streaming, gaming, and in-app purchasing have become a multibillion-dollar market, and the next to join this digital trend is the pop culture and collectibles industry. Or, for more information please join the community on Telegram, Twitter, and Facebook. ECOMI X Epiko Regal was originally published in ECOMI on Medium, where people are continuing the conversation by highlighting and responding to this story.
How To Bridge Your OMI Tokens
The IMX bridge is now open, allowing you to seamlessly move your OMI tokens between Layer 1 Ethereum and Immutable X Layer 2!. — The Immutable X bridge/transfer site is now live. With it you can: Deposit OMI from Layer 1 Ethereum (L1) to Immutable X’s Layer 2 protocol (L2)., Send OMI to and from the VeVe app for storage or later use (as all VeVe OMI wallet addresses now live solely on Layer 2), Spend your OMI in the IMX marketplace, or other compatible IMX marketplaces, if there are NFTs available for sale listed in OMI., Withdraw OMI from your L2 wallets back to L1, to be sent to, and stored in personal wallets such as Trust or Ledger, used in external games and applications that support L1 OMI, or transact on exchanges., 1.0 Getting started - — 1.1 What is the OMI token for?. — The OMI token underpins transactions on the VeVe digital collectibles platform. It is also designed to be used within the app for a range of utilities such as staking, peer-to-peer transactions, pre-drop drawings, and more. Now that VeVe lives on the Ethereum Layer 2 protocol Immutable X, OMI token holders need to port, or ‘bridge’ their OMI tokens to layer 2 if they wish to use them in the app, or withdraw them back to layer 1 (the base Ethereum chain) to store them in personal wallets or transact on exchanges. You do not need to bridge your assets right now unless you want to use the VeVe OMI wallet to store your tokens. However, you will need to bridge them in the future if you wish to use them in the app. Moreover, understanding how the bridging process works may save you some money in ETH gas fees if you choose to bridge your tokens when gas prices are low. — 1.2 The Immutable X Bridge. — The Immutable X bridge is now live, and a big shoutout goes to their development team for building this tool for all token holders on IMX! ❌⭕️ It can be found at https://tools.immutable.com/erc-20/ and through it, users can deposit to L2 (to use in VeVe, or in the IMX marketplace), withdraw to L1 (exchanges, personal wallets, other games/applications that use OMI), and transfer their OMI tokens to and from their VeVe OMI wallet address. The bridge enables the same transactions for a range of ERC20 tokens that are live on Immutable X, including ETH, IMX, GODS, GOG, and USDC, allowing for potential interoperability between the tokens and projects that live on the protocol. The instructions below will show you how to use it through MetaMask on a desktop computer ONLY. Please do not use other wallet types, or the mobile MetaMask app to bridge your assets ⚠️️⚠️ — 1.3 Is This the Same as the OMI Token Swap/Migration?. — No. The OMI token swap/migration refers to swapping the old GoChain OMI token, and the old wrapped OMI (wOMI) tokens to the new Ethereum, or ‘ERC20’ OMI token. If you are still holding GoChain OMI tokens or wOMI tokens please swap them through the ECOMI Chainswap site, using the instructions below. ECOMI x Immutable Migration: Manual Token Swap — 1.4 Who Needs to Bridge Their Tokens?. — If you have purchased/acquired OMI tokens on an exchange, or through the OMI/ETH Uniswap Pool (directly through Uniswap’s app or via a swap service like Metamask swap), they are considered ‘layer 1’ OMI tokens. If you wish to use them in the VeVe app, you need to use deposit them to layer 2, and then send them to your in-app OMI wallet using the instruction sections: 4.0 How to Deposit OMI to Layer 2 and, 5.0 How to Transfer L2 OMI to your VeVe OMI Wallet, If you have sold an NFT on VeVe for OMI tokens (when those features are enabled) or sent OMI tokens to your in-app wallets prior to the token migration from GoChain to Ethereum, you have Layer 2 OMI tokens and will need to withdraw your OMI from Immutable X Layer 2 to Ethereum Layer 1 before you can send them to a personal wallet for safe storage, or use them to trade on an exchange. To withdraw, please see sections: 6.0 How to Send OMI from the VeVe app, and, 7.0 How to Withdraw OMI from Layer 2 to Layer 1, 1.4.1 Will This Always be the Case? Ethereum is rapidly scaling with Layer 2 technologies known as Roll-ups. It is expected that as more of the Ethereum userbase migrates their tokens and user experience to layer 2 protocols like Immutable X over the next 12–24 months, so too will cryptocurrency exchanges and wallets interface directly with layer 2, allowing you to store and/or trade without having to bridge. Similarly, tools such as Orbiter Finance have recently come online allowing you to move ETH between a range of Ethereum L2 protocols, further reducing Ethereum gas costs, and encouraging the migration of the Ethereum userbase to more user-friendly, cheaper, and scalable layer 2 protocols. These tools are still in their infancy, and we do not recommend using them just yet, however, as adoption of L2s increases, we expect to see more/similar options roll out as the technology becomes more widely available and integrated, making your L2 experience easier and cheaper to navigate. In the meantime, however, bridging your tokens between layer 1 and layer 2 gives you access to the same benefits, just with a few added steps. Once you have deposited your OMI tokens to IMX L2, you do not need to withdraw/bridge them back unless you want immediate access to them on layer 1, such as to trade on exchanges.2.0 Before You Begin 🦊 - — 2.1 MetaMask. — MetaMask is a browser extension and wallet that allows you to interact with the Ethereum blockchain. If you do not have a MetaMask wallet installed on your desktop computer please download and set up your wallets before interacting with the bridging site. Download MetaMask here.During the wallet setup, you will be asked to record your seed phrase. This is your ultimate backup code if you lose access to your wallets, however, anyone with it can gain access to your accounts.Please store it offline and in a safe place ⚠️⚠️We will NEVER ask you for it, and anyone that does is trying to scam you. Keep Your Private Keys Safe- Why It’s so Important to Store Them Offline — 2.2 Adding OMI to MetaMask. — If you are new to Metamask or have not used it to interact with OMI before, you will also need to add the ERC20 OMI token in order to view, receive and send OMI tokens to and from your MetaMask wallet. Open MetaMask, Ensure you are on the Ethereum Mainnet., Under the ‘assets’ tab select ‘import tokens’ and then select the ‘custom token’ tab, Enter the Ethereum OMI contract address: 0xeD35af169aF46a02eE13b9d79Eb57d6D68C1749e, It should pre-populate the ticker and decimals, however, if it does not: Token symbol: OMI Decimals: 18, Confirm these details and add the new token. You should now see OMI as an available token option under the ‘assets’ tab., Send a small test amount of ERC20 OMI to this wallet to confirm that it is set up correctly and that you receive it., Send a small test amount of ETH tokens while you’re there. You will need ETH to pay for gas costs in order to use the bridge, which can be purchased on all major exchanges., — 2.3 Connecting MetaMask to the IMX Token Bridge. — To move tokens between L1 and L2 you will need to connect your MetaMask wallet to the bridge site. To do so: Visit https://tools.immutable.com/erc-20/, You will see the message ‘ login required’ if this is the first time you are connecting to the site, Make sure you are connected to Mainnet, and then select ‘Connect Wallet’, You will be prompted by Immutable X to unlock and connect your MetaMask account. Select ‘Connect’, You will be prompted by MetaMask to choose which wallet address you would like to connect to the bridge site. Once selected, please confirm and sign the transaction, Your connected address will be shown on the bridge site., If this does not work, try connecting the same wallet address to the Immutable X marketplace first at https://market.immutable.com/, and failing that please see section 8.0 FAQ/Support. — 2.4 Warnings and Advice ⚠️. — Please be wary any time you are interacting with the token bridge, and ensure that you are ONLY using the official links and sites, as found in this article. Moreover, all interactions through the bridging site can only be performed by you, through your own wallets. Anyone/any service offering to bridge them for you, or impersonating any member of the team offering the same, is a scam/phishing attempt! Please double-check each transaction before using Metamask to sign/confirm, and begin with SMALL test amounts of OMI to ensure you have performed the correct actions.Did you Know? ERC20 OMI is now supported in Ledger hardware wallets. That means you can connect your Ledger to MetaMask and use your cold storage wallet to sign/interact with the bridge directly from cold storage. ⭕️3.0 Checklist - For quick reference, here are things you need to use the bridge site: Metamask installed on your desktop browser and connected to Mainnet Ethereum, OMI is added as an ERC20 token, and the number of OMI tokens you wish to bridge is also sent to/stored in your connected MetaMask wallet address., ETH at the same address, to cover gas costs. You can track the current network gas fees by installing the Blocknative gas estimator browser extension or checking the Etherscan Gas Tracker before choosing to make a transaction., Link your MetaMask address to the Immutable Token Bridge, as detailed above., Patience. Depositing to layer 2 Immutable will generally take about 10 minutes, however, preparing your OMI or other L2 tokens to withdraw can take ~10 hours. If the Ethereum network becomes particularly congested again this could increase to 24 hours or more in the short term., Reminder: Using MetaMask, or any other crypto wallet is at your own risk. You are responsible for ensuring that you are using the correct addresses and procedures, and protecting your private keys.4.0 How to Deposit OMI to Layer 2 - Follow these steps to deposit your ERC20 OMI tokens onto Immutable X Layer 2. Once deposited you can send these tokens to the VeVe app (to use when those features are enabled), or use them to purchase NFTs on the IMX Marketplace. You will need ETH to pay for two gas fees when depositing OMI, one for the initial smart contract call, and the second to actually make the deposit. Steps: 1. Ensure you are on the Ethereum Mainnet 2. Confirm the account/wallet address that is displayed on the bridging site is the address you wish to transact from, and have your OMI/ETH tokens stored in 3. Select ‘Deposit’ and then select ‘OMI’ from the drop-down menu. If you have never deposited OMI to L2 you will see a 0 balance. If you have deposited previously you will see your current L2 OMI balance displayed. 4. Select the blue ‘Deposit OMI’ button to begin the process 5. The IMX link will open and MetaMask will ask you to sign a request confirming that you want to interact with the bridge (see images below). 6. The Immutable X Link will automatically open, with the OMI token already populated. This screen will show the available balance you have on Layer 1, which you can then choose to deposit to layer 2. 7. Enter the amount of OMI you wish to bridge/deposit- as always we recommend a small test amount first- and hit ‘next’ 8. Confirm the deposit on the next screen, and you’ll be prompted by MetaMask to pay an ETH transaction fee. As a reminder, you must already have ETH in the same address that you have connected to the bridge site, in order to process the transaction. This is the first of two gas fees to be paid if you are depositing OMI, or another erc20 token (there is only one if depositing native ETH). This first transaction gives the IMX bridge permission to access and interact with your tokens. If you are happy with the gas fee, confirm/sign the transaction. If gas is too high for you at that point in time you can reject the transaction and return when it is lower. Again, you can track gas fees on Etherscan’s Gas Tracker.Enter the number of OMI tokens you want to deposit, confirm the transaction, and approve the deposit in MetaMask. 9. Leave the screen/browser open. You will receive a confirmation message when this transaction has been processed (it can take a few minutes or more), and will then be prompted to pay a second gas fee by MetaMask (again in ETH). This one is to actually deposit your OMI to Immutable X L2. 10. Confirm/sign the transaction to approve the gas fee and you will see the ‘deposit in progress’ screen on the IMX modal Once confirmed on-chain you’ll see the ‘deposit is on its way’ success screen and can tap finish. This will also be reflected on the primary IMX bridge site, which will update to say your deposit has been successful.Confirm and pay the second gas fee to deposit your OMI, then sit back and relax! — To Note:. — It can take some time (10 minutes or more depending on network congestion) for you to: a) see the first transaction success message and sign the second, and b) for the deposit to be fully confirmed and your L2 balance to update on-screen. Please DO NOT attempt to process another deposit until your first one has been fully confirmed, and your L2 balance has been updated on screen. Your balances will update automatically, however you can hard refresh after some time if you wish to. You can also confirm the deposit was successful by connecting the same wallet to the IMX Marketplace and selecting the ‘balances’ drop down in the header menu. Once your balance has been updated on the briding site or the IMX marketplace, you can transfer it gas free to your VeVe OMI wallet using the instructions below.5.0 How to Transfer L2 OMI to your VeVe OMI Wallet - Once you have deposited your OMI onto Immutable X Layer 2, you can send it to your in-app OMI wallet for storage, and/or spending within the app when OMI features are available. Please keep in mind if you wish to withdraw this OMI from the VeVe app at a later date, you will need to use the additional instructions outlined in sections 6.0 and 7.0 below. — 5.1 Sign in to the VeVe Web Wallet. — To access your in-app OMI wallet, you will first need to sign into the VeVe web wallet, found at https://omi.veve.me/ To do so, use the same login details that you use to log into the VeVe app. You will also need to enter a 2FA code, which is sent to your registered email, and once logged in you will see your current Gem and OMI balances. Then, select ‘Send/Receive’ underneath your OMI balance to view your in-app (L2) OMI address and QR code. You will need to copy and paste this address in 5.2- Step 3 below. — 5.2 Sending/Transferring Tokens with the IMX Bridge. — If you have completed 4.0 How to Deposit OMI to Layer 2 and can now see your L2 OMI token balance when you’re connected to the bridging site, you can transfer them to your in-app wallet using these instructions: 1. Connect your MetaMask wallet to the IMX bridge if you haven’t already, and ensure you are on the Ethereum Mainnet https://tools.immutable.com/erc-20/ 2. Confirm the account/wallet address that is displayed in the bridging module is the address you wish to transact from and have your L2 OMI balance in. 3. Select ‘Transfer’ and copy/paste your OMI wallet address from the VeVe Web wallet into the ‘receiver’ box. 4. Ensure you have OMI selected from the drop-down, and enter the amount of OMI you wish to send (start with a SMALL test amount to test!) into your VeVe OMI wallet. 5. Select ‘Send OMI’ 6. The Immutable X link will open, and show you the amount of OMI you are transferring. Visually confirm the amount you want to send to your VeVe wallet is correct and hit ‘confirm’ 7. You will be prompted by MetaMask to sign a transaction and confirm you wish to connect to the site and transfer your tokens. Confirm/sign. 8. You will see the ‘transfer complete’ message on the IMX modal, and the ‘success message’ on the bridging site, with the details of your transaction. Immutable is lightning fast and gas-free so transferring OMI tokens between wallets is almost instant. You can confirm that your OMI tokens are now in your VeVe app wallet by returning to the VeVe Web Wallet and refreshing the page.Visually confirm the number of OMI you’re sending, then confirm the transaction to send to your VeVe OMI address You can also use these instructions to transfer OMI tokens between wallets on Layer 2, if you wished to send them to another VeVe user’s wallet, for example. Simply enter their OMI wallet address into the receiver box (see 5.2-Step 3 above) and confirm the transaction to send them some OMI.REMINDER: you can ONLY do this with Layer 2 OMI tokens!Any OMI tokens on Layer 1 must be bridged before they can be used within the VeVe app.🚨6.0 How to Send OMI from the VeVe app - In order to withdraw tokens from the VeVe app, you must first send them from your in-app OMI wallet to the MetaMask wallet address that you have connected to Immutable L2. These instructions will detail how to send OMI tokens from your VeVe app wallet to your own wallet address on Layer 2, which you can then prepare to withdraw to layer 1 if you wish to use them on exchanges or store them in your personal wallets (please see section 7.0 How to Withdraw OMI from Layer 2 to Layer 1 for more). If you already have OMI on Immutable X layer 2 that is not stored in your VeVe OMI wallet and wish to withdraw it back to layer 1, please skip ahead to section 7. To send OMI from your in-app OMI wallet: Sign in to the VeVe Web Wallet using your usual VeVe login credentials at https://omi.veve.me/, Enter the 2FA code sent to your registered email address to complete the sign-in, and you will see your current Gem and OMI balances., Select ‘Send/Receive’ under your OMI balance, Open your MetaMask wallet by clicking the 🦊 icon in your browser extensions (and sign in using your password if necessary), Make sure you are connected to the wallet address/account that you have previously connected to the Immutable X bridge site, and then copy it to your clipboard by tapping your wallet address, Paste it into the ‘OMI address’ box in the VeVe web wallet, and enter the amount of OMI you wish to send from your VeVe app. Please only send a SMALL test amount to ensure you have entered all information correctly., Warning: You CANNOT send OMI tokens directly from the VeVe app to an exchange, or to store in your personal wallets. You MUST bridge them first. ⚠️⚠️ When sending from the VeVe app you MUST ensure that you are sending your OMI tokens to an address/wallet that is also registered on Layer 2. That can either be another VeVe user's OMI wallet address (as all in-app OMI addresses now live on layer 2), or your own MetaMask account which was linked in the previous instruction steps. See 2.3 Connecting MetaMask to the IMX Token Bridge for more info.Copy/paste your MetaMask address into the ‘OMI address’ box to send OMI tokens out of the VeVe app 7. Select ‘Send OMI’ and you will be prompted to enter a 2FA code. This is sent to the email address you used to register your VeVe account. 8. Enter the 2FA code and hit confirm. Your OMI tokens will be sent to the address you entered, and you will see the big green tick to tell you your transaction was successful ✅ 9. Assuming you sent your OMI tokens to your personal/linked MetaMask account to process for withdrawal to Layer 1, return to the Immutable X token bridge to see your updated layer 2 OMI balance. You can then follow the instructions below to withdraw these tokens to layer 1 Ethereum, allowing you to trade them on exchanges, add liquidity to our Uniswap pool, or use them in other applications and games that also use the OMI token. REMINDER: You CANNOT send OMI tokens directly from the VeVe app to an exchange, or to your personal wallets, such as Trust Wallet. You must send them from your VeVe wallet to MetaMask, and then withdraw them to layer 1 first. 🚨7.0 How to Withdraw OMI from Layer 2 to Layer 1 - There is a two-step process to withdraw your tokens from Immutable X Layer 2 to Ethereum Layer 1. First, you need to actually have an OMI balance on layer 2 to be able to withdraw. Then, you’ll need to prepare the withdrawal (~10 hour processing time) before you can actually withdraw your tokens back to your Layer 1 Ethereum address. You’ll also need to bridge some ETH into your layer 2 OMI wallet if you don’t already have some, in order to pay the gas fees on L2. — 7.1 Bridging ETH to Layer 2. — Similar to the instructions in Section 4.0 How to Deposit OMI to Layer 2 above, you will need to deposit some ETH to Layer 2 (Immutable) to cover the gas fees to withdraw your L2 OMI tokens to L1. Typically the gas fees will be the same regardless of whether you are depositing to L2 or withdrawing to L1, so you can estimate the amount of ETH you’ll need to deposit to L2 by installing the Blocknative gas estimator browser extension or checking the Etherscan Gas Tracker before choosing to make a transaction. We recommend bridging more ETH than the bare minimum in case gas fees change by the time your withdrawal is fully prepared (~10 hours). Once bridged, your ETH can live permanently on L2, moved between other L2 protocols (see section 1.4.1 for more), and also be used in the IMX marketplace/other NFT marketplaces built on Immutable X. Once you are comfortable with the process you may also choose to bridge a larger amount of ETH to L2 to save on future transaction costs. Moreover, when bridging ETH from Layer 1 to Layer 2 you will only need to pay a single gas fee and can do so via the following steps (please see 4.0 for more detail/images): 1. Ensure you are on the Ethereum Mainnet 2. Confirm the account/wallet address that is displayed in the bridging module is the address you wish to transact from 3. Select ‘Deposit’ in the navigation menu and then select ‘ETH’ from the drop-down menu. If you have never deposited ETH to L2 you will see a 0 balance. If you have deposited previously you will see your current L2 ETH balance displayed. 4. Select the blue ‘Deposit ETH’ button to begin the process 5. The IMX link will open and MetaMask will ask you to sign a request confirming you want to interact with the bridge. 6. You will then see the Immutable X Bridge deposit screen, with ETH already selected as the token to deposit. This screen will show the ETH balance you have on layer 1 (in your MetaMask wallet address) that you have available to deposit to layer 2. 7. Enter the amount of ETH you wish to bridge (again we recommend a small test amount first), and hit ‘next’ 8. Confirm the deposit on the next screen, and you’ll be prompted by MetaMask to pay an ETH gas fee. As a reminder, you must already have ETH in the same address that you have connected to the bridge site, in order to process the transaction. If you do not have enough please reject the transaction, top up your ETH balance, and begin again. 9. You will see the ‘deposit in process’ screen while the deposit is taking place, and a success message when it is complete. Please give the bridging site some time to update your balances (this can take ~10 minutes or more from the time it is fully confirmed). You can also confirm the ETH has been deposited to Immutable X by connecting your MetaMask wallet to https://market.immutable.com/ and viewing the ‘balances’ tab in the header image. Reminder: If the Ethereum blockchain is congested and gas is too high for you at that point in time you can reject the transaction and return when it is lower. Again, you can track gas fees on Etherscan’s Gas Tracker. — 7.2 Preparing the OMI Withdrawal. — Before you can actually withdraw your OMI tokens you first need to prepare the withdrawal. This enables the tokens locked in Immutable’s L2 protocol to be released back to L1, which you can then withdraw to your MetaMask wallet, and send on from there.Note: Once you confirm the transaction to prepare tokens for withdrawal you cannot reverse it. Prepared withdrawals MUST be withdrawn to your Layer 1 Ethereum wallet. Moreover, there is no gas fee required to prepare the withdrawal, only when you actually make the withdrawal to L1, which we’ll detail in section 7.3 Steps: 1. Connect your MetaMask wallet to the IMX bridge and ensure you are on the Ethereum Mainnet https://tools.immutable.com/erc-20/ 2. Confirm the account/wallet address that is displayed in the bridging module is the address you wish to transact from and that you currently have your L2 OMI balance stored in 3. Select the ‘Withdraw’ option in the navigation menu to view: Your current L2 OMI balance, Any tokens that are currently undergoing the preparation process, and, Any OMI tokens that have already been prepared and are ready to be withdrawn to L1., 4. Enter the amount of OMI you would like to withdraw to layer 1, and select ‘Prepare’ 5. The Immutable X link will open and will display the amount of OMI that you have elected to prepare for withdrawal. Visually confirm that this is the correct amount, and then click ‘confirm.’ As it says on this screen- once you confirm the preparation you cannot reverse this transaction, and any prepared tokens must be withdrawn to layer 1 once processed. 🚨 6. MetaMask will open and prompt you to confirm this action by clicking ‘sign.’ Once confirmed you will see the ‘preparing withdrawal’ screen. 7. Click finish, and the IMX bridge site will also give show you a success message.Confirm the amount of OMI you want to prepare for withdrawal, and sign the transaction in MetaMask to begin the process When you return to the IMX Bridge you will see that your balances have been updated to reflect this transaction. The OMI balance that you have requested to withdraw can now be seen next to the ‘preparing’ balance. Preparing the withdrawal can take around ~10 hours, and may take longer if the network is particularly congested. Moreover, you will need to wait for this withdrawal to be prepared before you can process another one. You can now close your browser and return to it later or the next day, whenever the preparation process has been completed, to finalize the withdrawal process. — 7.3 Withdrawing OMI from Immutable (L2) to Ethereum L1. — When your OMI tokens are ready to be withdrawn you will see the balance available on the Immutable X bridging site next to ‘withdrawable.’ It will also populate with this token amount on the button itself, seen in the image below. Steps: Click ‘withdraw’ to begin the process, You will be prompted by MetaMask to sign and approve the withdrawal, Confirm the transaction on the Immutable X link, You will be prompted by MetaMask to approve and pay the gas fee to withdraw to L1., Once complete, you will see the ‘success’ message on the bridging site, and receive the same notification from MetaMask. It may take a few minutes to update your balances, so please be patient., Reminder: You will need to bridge some ETH to Immutable Layer 2 (if you haven’t already) to pay the gas fee to withdraw from L2 to L1. Once you process the withdrawal of your ERC20 OMI tokens will be available to use again on Ethereum layer 1 and stored at your linked MetaMask wallet address.8.0 FAQ/Support - — Why do I need to pay gas fees in ETH?. — The OMI token is now an Ethereum-based, or ERC20, token. As it lives on the Ethereum blockchain you need the native token- ETH- in order to cover gas costs to deposit and withdraw. However, once you bridge (deposit) your assets to Immutable X Layer 2 you do not need to withdraw them! After you have adequately tested the bridging site, and understand how to use the technology, you can deposit all of your OMI tokens to layer 2 if that is where you prefer to store them/use them, as once your tokens live on Immutable X L2 transactions are gas-free. If you also happen to do this at a time when Ethereum gas fees are low you will pay less to bridge your tokens. — Do I need ETH on Layer 2?. — If you plan to withdraw your OMI tokens to Layer 1 Ethereum at some point, you will need to bridge (deposit) some ETH to Layer 2 first. If you are only depositing OMI tokens to use within the VeVe app (when available) or simply wish to store them in your VeVe OMI wallet, you will not need ETH on L2. — Why does it take so long to prepare a withdrawal?. — Using a cryptographic technology known as zero-knowledge proofs, Immutable X takes NFT trades or mints which normally occur directly on Ethereum and instead batches those transactions into a compressed validity proof which is then uploaded to Ethereum. These uploads occur at regular intervals, and your withdrawal preparation time will depend on when you selected to prepare your withdrawal within that interval. As a rule of thumb, you should expect it to take around ~10 hours to prepare your OMI tokens for withdrawal. — My withdrawal has been prepared but I changed my mind!. — Once you have approved a withdrawal from L2 to L1, you MUST withdraw those tokens. There is no way to reverse this transaction. — I cannot connect my MetaMask account. — If your MetaMask account won’t connect to the bridging site, please try the following before opening a support ticket: Close all other web browser wallets such as those provided in Brave and Opera, as well as desktop wallets such as ledger live., Ensure you are connected to the Ethereum Mainnet in your MetaMask wallet before connecting it to the bridging site., Try connecting your wallet address to the IMX marketplace first https://market.immutable.com/, Turn everything off and on (seriously) and repeat steps 1 & 2, — Contacting Support. — In the event you cannot connect to the bridging site, or face some other issue please contact Immutable X support with the subject line “Ecomi / VeVe IMX Transfers site” or similar. Information on this channel is for educational purposes only. It should not be considered financial advice and all users are advised to do their own research. See disclaimer.About ECOMI - ECOMI is a technology company based in Singapore and is leading the way in the emerging digital collectibles space. ECOMI offers a one-stop shop for digital collectibles through the VeVe app bringing pop culture and entertainment into the 21st century. The VeVe app allows users to experience true ownership of premium digital collectibles. Through the app marketplace, users can obtain common, rare, or one-of-a-kind digital collectibles, share these across the social network service, and exchange them with the VeVe community, all from the palm of their hand. ECOMI sees digital collectibles as a new asset class that offers intellectual property owners the opportunity for new revenue streams in the digital landscape. Digital streaming, gaming, and in-app purchasing have become a multibillion-dollar market, and the next to join this digital trend is the pop culture and collectibles industry. Or, for more information please join the community on Telegram, Twitter, and Facebook. How To Bridge Your OMI Tokens was originally published in ECOMI on Medium, where people are continuing the conversation by highlighting and responding to this story.
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As CryptoPotato reported earlier today, there was a press release leaked on the US Treasury Department's website, which revealed some of the information on President Biden's executive administrative order on cryptocurrencies.
One of the excerpts read that:
President Biden’s historic executive order calls for a coordinated and comprehensive approach to digital asset policy. This approach will support responsible innovation that could result in substantial benefits for the nation, consumers, and businesses.
Bitcoin's price needed nothing else to soar during Europe's early hours trading session and surged above $40,000 to reach $42.1K, where it's currently trading. This also enabled the total cryptocurrency market cap to add about $130 billion overnight. At the time of this writing, BTC's price charts an increase of 8.2% in the past 24 hours alone.
Altcoins Follow Suit
As it's almost always the case, altcoins followed Bitcoin's price and also charted impressive gains.
Source: Quantify Crypto
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Bitcoin Plummeted to a Monthly Low
All eyes are now on the rapidly escalating tension between Russia and Ukraine. Following several weeks of threats and so-called military trainings, the world's largest country by landmass did what many expected was just a matter of time and launched an invasion, still labeled as a 'special military operation.'
While reports showcase how Russian troops and military vehicles enter Ukraine through the border with Belarus, most financial markets went on a downfall.
Russian markets suffered the most, but their counterparts in Asia and Europe are also in the red. Futures contracts of the largest US stock market indexes have also turned negative.
Given bitcoin's high correlation with the aforementioned lately, it's no surprise that the asset also nosedived. BTC went from yesterday's peak at around $39,000 to its lowest price position since late January at just over $34,000.
Despite recovering some ground since then and currently sitting above $35,500, BTC's market cap has dropped below $700 billion.
BTCUSD. Source: TradingView
Altcoins Bleed Out Hard
As it typically happens when bitcoin heads south, so do the altcoins. However, their daily losses are significantly more severe.