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ICOs (Initial Coin Offerings) / Ormeus Coin is the name of a new cryptocurrency assembled by a team of cryptocur« on: January 11, 2018, 11:04:04 AM »
Ormeus Coin brings the “gold-standard” of Bitcoin together with the programmable smart contracts of Ethereum in order to create a coin that has never been seen before in the history of cryptocurrency. A cryptocurrency that is backed by Bitcoin mining and is designed to outpace the growth of Bitcoin.
Ormeus Coin will be backed by Bitcoin and company revenue. Unlike other cryptocurrencies that are only pegged to the value of Bitcoin, Ormeus Coin already owns Bitcoin mining rigs that will back the token. Each Bitcoin Mining rig is capable of producing $500,000 of Bitcoin every 30 days. Ormeus Coin is currently in possession of two BTC Mining rigs and will be purchasing more as time progresses. 40% of all Bitcoin generated by the BTC mining rigs will be reinvested into purchasing more.
Download the ORME White Paper here