Omnitude Hot

Status

Past

Description

Omnitude is a Hyperledger-based blockchain connectivity ecosystem that will be able to work with any other blockchain service providers. **UPDATE - Omnitude raised 8M USD in their ICO. No Listing info has been announced.

Starting date

March 28th, 2018

Ending date

June 4th, 2018

Website

View Website

Whitepaper

View Whitepaper

Links
Features

Omnitude will be built on top of Hyperledger, the open source, global, collaborative project hosted by The Linux Foundation. Hyperledger is a permission blockchain protocol which enables business-to-consumer and business-to-business transactions.

Omnitude enables businesses to solve problems in ways that were not previously possible without the rise of blockchain technology.

Omnitude will help achieve:

- The creation of transparent and accountable manufacturing and supply
chains.
- A significant reduction in eCommerce fraud.
- The enablement of a single customer identity for use across any Omnitude
connected eCommerce site.
- Blockchain integration between enterprise systems such as ERP & WMS.

The Hyperledger architecture provides core blockchain services, on which the Omnitude ecosystem is built. The Omnitude ecosystem will be made up of a variety of entities, including those mentioned above (i.e. merchants, customers, suppliers, couriers and affiliates/referrers).

1) A native method of a settlement between parties to access ecosystem resources.

a. Merchants will make payments in ECOM to other ecosystem participants to use the on-ledger Omnitude solutions for Supply Chain Provenance, Delivery Cycle Transparency Data, Single ID, Single Reputation and Proof-of-Interaction.

b. Customers will make payments to merchants using ECOM, cryptocurrencies and fiat.

2) An incentive for ecosystem participants to operate and secure the ecosystem.

a. The consistency of Omnitude’s immutable blockchain will be guaranteed by a distributed, peer-to-peer network of validating nodes running the Omnitude Core client application. In return for enforcing Omnitude’s Delegated Practical Byzantine Fault Tolerance (DPBFT) consensus algorithm, validating nodes will share in ECOM block rewards.

3) A means to raise funds for long-term development of Omnitude.

a. Through the crowdfunding, the Omnitude Foundation is raising funds for the initial issuance of ECOM, and for the development and launch of the Omnitude ecosystem.

b. The ECOM coins issued during the crowdfunding will be the initial float to bootstrap the ecosystem.

Any party will be able to join the Omnitude ecosystem and earn ECOM. It will also be possible to purchase ECOM in return for fiat currencies or other cryptocurrencies on the exchanges where ECOM are listed.

Official Video
Whitelist
No
Token Sale Hard Cap
$ 25M
Token Sale Soft Cap
$ 10M
Token Symbol
ECOM
Token Type
Hyperledger
Token Distribution
100,000,000 ECOM: 50% Token Sale 33% Omnitude Foundation 12% Team & Advisors 5% Pre-Sale participants Tokens for Pre-Sale participants: 5 million ECOM Tokens for Token Sale participants: 50 million ECOM Tokens for core team and advisors: 12 million ECOM Team and advisor tokens are vested based on time with 20% being released each year for 5 years.
Initial Token Price
1 ECOM = 0.46 USD
KYC
Yes
Accepts
BTC, ETH or Wire transfer (if previously arranged with Omnitude Team)
Core Team

Chris Painter
Founder & CEO

Vladimir Kalynyak
Co-founder

Robert Belgrave
Founder & Advisor

Benjamin Van Every
Blockchain Consultant

James Worthington
Hyperledger Consultant

Ben Roy
Blockchain Developer

Advisory Team
Sally Eaves
Michael Donald
Nathan Christian
Simon Cocking
Antony Welfare
Tiago Henriques
Sahil Gupta
Blockchain Mob