Omnitude

Five Second Overview

Omnitude is a blockchain ecosystem designed from the ground up to integrate with ecommerce, enterprise business sytems, supply chains and identity.

T.E.C.T.U.S. Analysis

Omnitude is building its own blockchain and using Hyperledger as a base. If you are not familiar with Hyperledger it is an open source collaborative effort created to advance cross-industry blockchain technologies. At this moment over 100 companies including IBM, Linux, J.P. Morgan and American Express are part of the Hyperledger member base.

Omntitude will use the blockchain to integrate four main components of enterprise systems and ecommerce. These four components are supply chain tracking, identity confirmation, payments and a third party app market.

Omnitude is also going to use a proof of interaction model that means that someone can only review a product, customer or service if they have proof on the blockchain that they interacted with it in some way. Genius!! No more leaving bad reviews just because you're in a bad mood.

Omnitude has well balanced token metrics with a hardcap of approximately $21 million and a limited amount of discounts. The team has a five year vesting program. This means that the tokensale is fair to a large number of participants.

Omnitude is aiming for the stars so they really leave the competition behind. There are currently projects that offer digital identiy services (Civic) and others that offer supply chain tracking (OriginTrail, Devery) and plenty that handle payments but no service provides all three.

When the third party app market opens up many of these one off services will actually be able to integrate themselves with Omnitude as well. As far as we can tell this is the only blockchain being purpose built for ecommerce.

If there is a weakness to this project it would be the team but we feel like they made smart moves to overcome their shortcomings. The CEO Chris Painter runs a company called Pixel by Pixel which is all about ecommerce integration (like Omnitude). What Christ did was take his knowledge of integration and hire advisors and consultants to act as blockchain and hyperledger specialist. Great move.

The token is a utility token with four main functions.

💳Payment — Between ecosystem participants.

🔑Reputation — ECOM is paid to a user when another user utilizes their reputation.

🏆Rewards — Paid for reviews, proof of interaction or loyalty rewards.

🖧Masternodes — Validating nodes will share in ECOM block rewards.

Omnitude is very active on Twitter and has a great marketing and graphic design team. Their Telegram group has over 18,000 members and the CEO and other team members are present. They hype on this has been building and little to no FUD has been observed.

---

The Vitals

ICO Date: March 28
Token Ticker: ECOM
Token Price: $0.46
Total Supply: 100,000,000
Amount for Sale: 55% total
Discounts: Presale token was $0.40
KYC: Yes
Token Type: ERC20. Will transfer when blockchain is built.
Website
Whitepaper
ANN Thread
Telegram

Before we say goodbye
If you like what you see and want more of it or if you enjoy daily articles and analysis about ICOs and cryptocurrency please follow my feed.

Keep tabs on us:
Steemit
Twitter
Telegram Group