Ormeus coin made an ICO to collect money for mining equipment. They are going to use that equipment to buy more mining equipment. They also claim to have each coin backed by their business. Gaining more mining equipment at the investment rate of 400k per month and growing will take a few years to build up a monster that can make 50 mil a month.
It comes down to how genuine this company is, If they are doing well and keep expanding rigs as fast as they can. It also comes down to the price of bitcoin, if bitcoin goes to 50k in 2018 I’m sure this coin will be a top 100 if genuine.
Plus each coin gets some of the company revenue, not too sure how this works.
Ormeus Coin will be backed by Bitcoin and company revenue. Unlike other cryptocurrencies that are only pegged to the value of Bitcoin, Ormeus Coin already owns Bitcoin mining rigs that will back the token. Each Bitcoin Mining rig is capable of producing $500,000 of Bitcoin every 30 days. Ormeus Coin is currently in possession of two BTC Mining rigs and will be purchasing more as time progresses. 40% of all Bitcoin generated by the BTC mining rigs will be reinvested into purchasing more.
