We currently own all, but looking for partnerships that can enhance the value of the assets, and we are open to working with other mining companies.
ORV rate is the total in ORV divided by the circulation supply.
At the new mining location our power cost is among the lowest in the world. This will allow us to mine even if BTC would go to $3,000.
No, The ORV price is to establish a base value, the trading and mining (note: if we are mining at that time). will continue to purchase the coins off the market until the base value is reached.
Smart contracts will provide complete transparency, when money comes into the company, people will be able to see the different amounts of money that go to different areas, for example, you will see which money goes to mining, which goes to trades, which goes to operation and promotion etc. This is helpful for transparency, because usually the problem in many companies is that the owners usually spend the money in questionable areas, and nobody knows where the money is going.
With Ormeus DAO and smart contracts, this will be a game changer and the transparency unprecedented in history with any crypto and mining company.
The Reserve Vault (ORV) is being upgraded to act as a Decentralized Autonomous Organization, (DAO), and what that means is that Ormeus will hard-code certain rules that the company will adhere to and cannot be changed once deployed to the Ethereum Blockchain, i.e., setting aside a certain percentage of vault earnings. These are called Smart Contracts.
Whereas FIAT Currency is no longer backed by Gold, it is susceptible to the economic stability of its issuing authority (most often governments).
Ormeus aims to solve this problematic system by creating a spendable coin (OMC) that will be backed by ORME “Gold” in the Ormeus Reserve Vault (ORV) autonomous from any issuing body and controlled by hard-coded smart contracts. If you are part of our Telegram community automated messages are provided at regular intervals about deposits into the ORV. These deposits which result from the work of our industrial crypto-mining operations will grow in value benefiting all coin holders in the long term. The assets of the ORV are protected by cold storage and state of the art digital security.
You can view the ORV Here
You can view the ORV and see the total amount of coins it currently contains by going to our ORV or on on the etherscan.io