WAY too many coins. This is due to the bad advisory from the team they had at the time. I guess the reason for having so many coins in supply was simply to make it a meme coin and make some money and get out.
But then realized that there is actually a demand in this space and soon after NFTs took off, they started to try and make this work somehow. Even with all the coins in supply. Just to make things work... for the sake of making it work is the problem. They started adding the whole Gem bullshit to VEVE. Like why?!
Simply because by allowing users to use debit/credit cards to purchase the NFTs the team is guaranteed income.
If they truly believed in Ecomi, they would have used Ecomi as the main way to purchase the NFTs.
If you look at Chilliz they strategically planned out their business model. With the right amount of coins in supply and you use these coins in their Socios app to purchase NFTs or fan tokens. They don't allow you to directly use a debit/credit card to purchase on the app. You can however use a debit/credit card to purchase Chiliz token on the app and use it to buy the NFTs etc. These guys truly believe in their project.
I know you will say, "by buying gems in VeVe app it burns omi" ... well that's just a simple excuse to make the gluable investors like us controlled.
The simple reason you allow users to use debit/credit cards is that it brings the company direct money. Hence you guys are so active about VeVe! and DON'T put a fraction of that same effort into ecomi itself.
Let me tell you guys simple math, an NFT on VeVe costs $7 (7gems) and you drop 30,000 of the same NFT. That makes the company $210,000. You do that at least once a week. So if the company is making a minimum of $210k a week, you can imagine why that is all they care about.
If you truly believed in ecomi you would put it at the forefront.
There's utility coming for OMI. It has been mentioned for a while now.
That’s a pretty bad take. OMI was the top performing token all of last year. Of course they want their OMI value to be strong, you’re making a silly argument similar to saying “Apple doesn’t care about their stock price, they only care about selling iPhones.” They have a lot of stakeholders giving pressure to have OMI value to do well.
In a digital business world, my bro, you can't compare it with physical product company like Apple. As ecomi and the VeVe platform is digital, the goods selling is digital, then surely the token that supposed to be powering it be in the forefront? No? In this case, Omi should be used as an currency, the whole purpose of a crypto. Then why allow NFT buyers to use dollers$ and pounds£?
my point is, (1) OMI is already literally the best performing token in the world in the past year, (2) the team cares more than anyone else about OMI success and its stupid to suggest otherwise, and (3) there's a ton of utility coming like staking programs for master collector and use in the veveverse, etc.
This is a valid point... Imagine if the people using app all owned omi...
Veve paves a way for people not interested in Crypto too. There ‘s an option to use OMI on the app coming. Relax
Why imagine bro? The whole purpose of a crypto us to replace the £ and $. That's what's mind-boggling! That should be the case. Chiliz are doing it and so are others.
Veve has a crypto and non crypto fan base
Its rather stupid to say the team cares about OMI. I listened to the last AMA and all they talked about was VEVE. OMI seems dead in their books
you're silly. they care more about OMI than you and I do.
are you collecting idiots, which will sell the OMI to you (whale). 😂😂😂
just because you can't see something doesn't mean it's not there.
Bro, what I'm saying is, they have found a better way to make the team money them ecomi. ... Which is VeVe.
Of course they talking bout Veve that’s what OMI gonna be used for. U think u we’re gonna be able to buy a tesla with OMI?
Lol, you should do your research before spreading your assumptions.
😂😂😂😂
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