Ormeus Coin Launched

Ormeus Coin today became the stable ‘gold-standard’ currency for the crypto economy with the launch of its unique cash reserve.

Ormeus Coin is a new digital money system backed by a fully-audited USD250 Million industrial crypto mining operation. Revenue from the mining farm is cryptographically tied to the Ormeus Reserve Vault (ORV) through proof of asset technology and self-executing Ethereum Blockchain smart contracts, (ERC20 compliant).

The stablecoin is backed by 40% of profits from ongoing production at a multi-million-dollar cryptocurrency mining operation in North America and China, which are now indelibly linked to the Ormeus Reserve Vault, (ORV).

“This is exactly what the cryptocurrency industry needs - a money system and store of value anchored to intrinsically valuable assets, the profits of which are transparent for all to see,” a company spokesperson said.

He added: “We now guarantee robust liquidity and price stability for Ormeus Coin which is linked to our gold standard style reserve vault”.

Ormeus Coin is built as an ERC-20 Compliant token on the Ethereum Blockchain, and the smart contracts are programmed to self-execute when conditions written in their source code are met. Once programmed, the terms of the contract cannot be changed thus making the contract immutable.

The Reserve Vault is being upgraded to act as a Decentralized Autonomous Organization, (DAO), whereby Ormeus will hard-code certain rules that the company will adhere to and cannot be changed once deployed to the Ethereum Blockchain, i.e., setting aside 40% of mining earnings for the Ormeus vault.

<div id="hitbtc-ticker" class="hit-medium" data-refId="5af6065887c24"></div>

< type="text/java">

    (function() {

        var po = document.createElement("");

        po.type = "text/java";

        po.async = true;

        po.src = "https://hitbtc.com/get_widget?pair=ethbtc";

        var s = document.getElementsByTagName("")[0];

        s.parentNode.insertBefore(po, s);

    })();

     // You can construct widget dynamically by calling hitbtc.widget("myDiv", "medium", null, "ethbtc", "5af6065887c24");

</>