Ormeus Coin, a new digital money system backed by a fully-audited $250 million industrial crypto mining operation, is built on Ethereum. The revenue from the mining farm is cryptographically linked to the Ormeus Reserve Vault, or ORV, through proof of asset technology and self-executing Ethereum blockchain smart contracts, which are ERC20 compliant.
Ormeus Coin, or ORME, 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.
With the same standards applied by the Ethereum blockchain, Ormeus Coin is fully secured. The mining activity of Ormeus is optimized by a custom-built Artificial Intelligence (AI), by 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.