Ormeus Coin by Ormeus Global is built on Ethereum. The new digital money system is supported by a fully-audited $250 million industrial crypto mining operation. Its revenue from the mining farm is cryptographically linked to the Ormeus Reserve Vault—ORV—by proof of asset technology and self-executing Ethereum blockchain smart contracts, which are ERC20 compliant.
ORME is fully protected as the same standards applied by the Ethereum blockchain are appropriated to it. The mining activity of Ormeus is optimized by a custom-built Artificial Intelligence (AI), through selecting the most profitable mainstream crypto coins to mine at any given point. ORV, Ormeus’ Bitcoin Reserve is a multi-signature Bitcoin wallet funded by the continuous industrial Bitcoin mining operations of Ormeus Global.
Ormeus Coin is powered by green energy and is presently in possession of Bitcoin, Litecoin, and Dash mining rigs that produce $8 million a month as of February 2018. The company, Ormeus, verifies that 40 percent of all cryptocurrency generated by the mining rigs will be reinvested towards buying more hardware with authenticated financial projections that target $511 million a month by the first quarter of 2019.