First coin to hit the first hundred times growth in year 2020!
The global stock market had hit a major meltdown triggered by the sudden impact of COVID-19in the year 2020; many investors are concerned about the decline of the stock market. In early March, The US stock market has melted 4 times in 10 days, as well as Brazil stock and S&P/TSX Composite Index during this financial crisis.
Then again, after the incident of the federal reserve cut interest rate, the outbreak of the global pandemic; with the current stock market crash, digital currencies may be the most obvious hedging asset. In terms of regulation, digital currencies are being sought after by investors in the United States, Singapore, Japan, India, and other countries with favorable policies.
Major-cap crypto had significantly gained, it has lead to a new bull market. The new generation of a public blockchain by OmChain, the price of OMC escalated to 2USD since its launch rapidly rallying by over 200 times, becoming the first coins to hit the first hundred times growth in year 2020.
Back on 8th January 2020, OMC was listed in Loex Trading Platform. The price started at just 0.01 USD and with high demand from the traders. It has rapidly increased the price at 2 USD on 6th March 2020.
Price 0.01 USD, Time 8th January
Price increased 2 USD, Time 6th March
This is not over yet! Based on the market overview from Loex, the price increased to 2.76 USD on 7th April which rapidly rallying by over 276 times in the beginning of 0.01 USD.
Price increased to 2.76 USD, Time 7th April
Based on the technical explanation, OmChain is democratising the blockchain-based ecosystem as it integrates a publicly accessible distributed database, by using the application and technique of public blockchain to provide innovative blockchain-based solutions for businesses, entrepreneurs and community. Currently, the performance is compatible with some of the head projects such as Ethereum, EOS, etc.
With the original patented APoC technology, OmChain implements verification nodes into a traditional PoC consensus mechanism to solve the problem of decentralization and security. Through the multi-chain + sub-chain architecture to achieve the vertical scalability and horizontal scalability expansion of the public chain, and layer the data store to save the state of global data, support the structured upload and transaction of business data, solve the difficulties of the digital economy, and realize the safe storage, efficient calculation, and barrier-free value interaction between trusted data on the chain.
After read through OMC White Paper, it has a long term value to invest in. Based on current projects, OmChain develop its application in OMC POS- a new generation of mining machine, OMC Card- a contactless and prepaid card accepted worldwide, and OMC Wallet- store and manage your digital currencies all in one mobile app, realised the benign circulation of OMC in the ecosystem.
In future, OmChain technology applications will become one of the largest blockchain-based systems for electronic data storage, financial services, supply chains, payment management and consumer applications, charity, supply chain, etc.
The applications of blockchain based ecosystem created by OmChain demonstrated anti-risk capabilities and a reliable store of value of OMC. In the current state, OMC becomes a potential player in the market to closely study and look at.