The number of coins being tracked by CMC is about to pass the 1600 mark. The recent eruption of ICOs has led to a hurricane of coins and tokens that have swarmed the market. With so many options, its important to look at the fundamentals of a coin.
Genuine Volume
Coins and tokens have become popular trading options and much of the volume related to these is primarily attached to demand stemming from trade on exchanges.
The driving factor behind the value of a token is its volume. Since most tokens do not offer any dividend, the price inflation is entirely dependent on adoption, and OmiX tokens have the potential to have a genuine volume beside the demand on exchanges.
OmiX tokens are the native currency of Shivom, a genomic data marketplace and safe. While individuals can use Shivom to sell their genomic data, enterprises can use it to buy genomic data.
Growth Factors
Since Shivom is partly a marketplace, one of the key usage of OmiX tokens is to provide a means of transaction. This gives OmiX tokens a utility that natively involves a high volume as transaction volume is irrelevant to profitability.
Additionally, Shivom is a marketplace where demand will be largely driven by enterprises. Companies tend to retain a reserve of any currency they tend to deal with. Therefore, companies purchasing genomic data on Shivom will be holding a reserve amount. This is an extremely important factor as a good portion of circulating supply could end up locked away for companies' reserve. The remain tokens in circulation would have to inflate enough in price to satisfy the price necessary to pay off people for their data.
Token Metrics
The base price of OmiX tokens is 1 ETH for 7000 OmiX. The total token supply is 3 billion tokens and a third of those are up for grabs in the token sale.
The soft cap of 20,000 ETH had already been reached so the project is certain to take its course. The hard cap, however, is 75,000 ETH.
The team has taken a good decision by not offering any overly crazy bonuses, as this does not dilute money-backed token value.
Essential Links
🌐 Website: https://shivom.io/
💡 Whitepaper: https://shivom.io/files/Whitepaper.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=2365709.0
💻 Telegram: https://t.me/projshivom
⌚️ Token Sale: Presale Starts April 16
Connect with me:
https://bitcointalk.org/index.php?action=profile;u=1700741;sa=summary
https://steemit.com/@hatu – Follow for a new ICO analysis every day!
Twitter
Telegram Group – Keep up with ICOs
