NOM token’s ICO starts today; GLMS and OMNI trending

The Onomy Protocol is launching its native utility token on July 14, 2021. The price during the initial token offering will be $0.500000 per NOM, and the platform will accept BUSD in exchange. The company aims to raise $100,000 during the trade.

Onomy is a decentralized protocol. The founder team has built it to enhance the foreign currency exchange marketplace. They plan to accomplish that goal by issuing stable coins – virtual denominations of traditional currencies – from the Onomy Reserves (ORES).

The company collateralized all issued denominations by the Onomy Protocol Token (NOM). When the latter is locked in the contract, it also enables the issuance of the currency denominations.

Meanwhile, the Onomy Exchange, also called ONEX, facilitates fast transactions between Denoms and NOM. It also provides secure price discovery for collateral ratios, along with automated management of ORES accounts.

According to the team, they used a Proof-of-Stake implementation of an innovative concurrent byzantine consensus mechanism to build the network. This mechanism utilizes rank aggregation to order all transactions fairly and without byzantine leaders’ interference.

The company is trying to incentivize NOM token holders by offering them various advantages. For instance, users can stake and delegate NOM tokens to validators. As a result, they will simultaneously secure and govern the ONET platform through various NOM-based rewards. Customers can use the rest of the NOM tokens to mint Denoms through ORES. The NOM token’s value is derived from the right to mint Denoms and participate in the network.

 What does the company have planned?

The company firmly believes that the new finance paradigm will migrate on-chain, and stablecoins are the vehicle that will onboard liquidity from existing traditional institutions with much less friction. Thus, with many talented blockchain ecosystems, the decentralized finance’s future is definitely cross-chain.

Onomy aims to serve as the world’s de-facto Decentralized Reserve Bank and accelerate the centralized finance’s migration to DeFi.

Denoms are the company’s counterparts of real-world currencies. The platform mints them through the usage of NOM. They have to potential to become a trusted substitute for their represented fiat currencies.

The foreign exchange and virtual currency markets are viral and volatile in nature. However, the flow of virtual currencies between traders is exclusive to the virtual domain. Blockchain technology grants many benefits, and with its aid, virtual currencies eventually will be able to overtake their represented fiat counterparts as the preferred form of payment.

That is mainly due to benefits such as verifiable history, seamless peer-to-peer transactions, immutability, and the emergence of trustless ecosystems. After such changes, fiat currencies will become a means of collateral instead of a means of payment.

GLMS token’s HOT ICO will also Begin on July 16, 2021

Glimpse offers its customers the excitement of NFTs combined with the fun of social networking. This platform provides a new way for creators, celebrities, and influencers to monetize their content and fans and followers to own original Glimpses of their social feeds.

Furthermore, the company gives social content creators a fair share of the value of what they produce. While many other similar types of social media platforms provide no or indirect income, Glimpse aims to enable people to monetize every piece of content they provide. As a result, users don’t need to rely on advertisers or other sources of income that may or may not come over time.

Celebrities and influencers will be able to post short videos in the form of NFTs to the Glimpse marketplace by using its platform. Meanwhile, fans will buy exclusive rights to these Glimpses. Creators can set prices or use auctions for selling their pieces. Fans will also be able to display, collect, trade, or resell their NFTs.  

What advantages does the Glimpse platform offer?

The main advantage of this platform is that influencers and celebrities don’t need to do anything new. They are already creating photographs and videos of their lives, promoting their work and art on social media.

However, on the Glimpse platform, creators can easily wrap the content as an NFT, then place it on a marketplace and get the real value of that content. Fans also get access to exclusive content much faster.

The company aims to help rising talents such as new musicians and athletes to establish a source of income as they are on the rise. Its supporters may end up with higher value content over time if they begin collecting these NFTs of people in the early stages. The talents’ early work often becomes memorabilia or valuable collectible after their success.

Anyone can use Glimpse worldwide to upload short videos of their life and monetize them on an open marketplace. If users don’t have large followings, most of their Glimpses won’t have much market value. Still, like any other social media platform, there will always be new artists and content creators who take care of the platform in new and unexpected ways. Such users will provide entertainment for others, and in time they may gain much popularity.

The platform’s users will be able to upload Glimpses and tokenize them as NFTs; trade individual Glimpses with other users; list Glimpses on the marketplace; participate in auctions for Glimpses; create, buy, sell, and trade collections; view, display, and share their collections; follow celebrities, influencers, or other inspirational individuals they love; And even resell and trade Glimpses that they own. 

What about the GLMS ICO?

The company created its native utility token GLMS to offer its users more incentives and benefits. The total token supply is 360,000,000, but only 2.00% will be available during the public sale.

The initial circulating supply is 23,760,000, which is 6.60%. And the price will be 0.0250 per GLMS during the ICO trade.

What about OMNI token’s potential?

Omni is an app that offers various world-class features and tools. Users can create channels, go live, share stories, chat with other users, sell or buy products in stores, transfer money, video or audio call, make videos and photos with special effects, etc.

The company is offering its native token for sale. The ICO will begin on July 16, 2021, and 18% of OMNI tokens will be available for sale. Omni aims to raise $6,500,000 during the trade.

The team offers Omni Feed AI Technology, which has great potential. This platform also encompasses various favorite features from popular social media platforms under a single umbrella. Thus, this ensures a smooth user experience.

Furthermore, the company will compensate customers by using digital coins. OMNI token is backed by the profits of the firm with real tangible value.

OMNI plans to monetize customers’ efforts spent on their social media and enable them to convert their content into exchangeable tokens.

The team has taken extreme care while integrating favorite features from popular apps to provide a better experience with an intuitive interface.

Besides, blockchain backs OMNI. That means users will be able to earn tokens simply from their engagement on the app, such as purchasing products from brands, transferring tokens to other users, tipping content creators, etc.

Customers won’t need to begin different marketing campaigns thanks to the synergistic structure of OMNI, presenting cost optimization opportunities.

The company will also ensure that its customers don’t miss out on any important updates from numerous apps. All in all, this app offers interesting features, and it may bring substantial profit to its users over time.