Though a little misleading thanks to the name, this is not a coin but actually a token. This token actually backs a cryptocurrency mining operation. If you've ever wanted to invest in a mining operation without the headaches of running or managing the equipment or the upfront cost, then an Ormeus Coin investment may be interesting to you.
The token is actually backed by the mining profits, making it a little different than the cryptocurrencies you may be used to. In this case, you could possibly even consider this asset to be more like investing in a company's stock in a traditional financial market.
Currently, this company has mining rigs which mine Dash, Bitcoin and Litecoin. They have also promised to reinvest 40% of the take back into additional mining hardware. That means your investment should also benefit from this.
The value of the mining operation is tied to the token using self-executing smart contracts and an interesting reserve vault scheme. As of February 2018, the project claims to mine over $8 million dollars worth of cryptocurrency.
Investors can buy Ormeus Coin on several exchanges. That makes it very convenient for investors to begin investing in this token. There's also lots of healthy trading volume here, and that's good news. Investors will be able to quickly and easily execute a trade here for a good price. The highest value trading pair is Bitcoin, but USDT is also a viable option if you would prefer to use that pairing instead.
This is an ERC20 token, and that means investors will need to find a good Ethereum wallet to store their investment in. This is not a difficult task. Wallets for these kinds of tokens are very popular, and that means there are many options for cryptocurrency enthusiasts to choose from including My Ether Wallet, Coinomi, Jaxx and Meta Mask. Any of these would make an excellent choice, and the decision will mostly be up to your personal preference. Always be sure to make a safe backup of your wallet so that you can restore access to your funds if you experience any issues.