Project Name:

Ormeus Ecosystem

Project Website:

eco-system.io

Link to your asset page on Binance Chain:

https://explorer.binance.org/asset/ECO-083

Proposal: https://explorer.binance.org/tx/95AF24E9AA8F3C2E7437A6A80ED20783FBFABE5BE0460D802C659EC93299A587

ID#: 181

Your name and position:

John Barksdale, Lead Investor

A one-sentence pitch about your project:

Interoperable self-perpetuating blockchain business economy featuring Smart Trust Governance & enterprise-grade ECO communication protocol

What are you planning to achieve with your project?

The multi-functional Ecosystem cryptocurrencies will achieve mass adoption as businesses ranging from Insurance, Agriculture, Energy, Trading, Payments and Online Retail are signed-on to the network - categorized into ‘side-chains’ - and catapulted into the blockchain age. The self-sustaining system will provide flexibility to create stores of value, high-speed smart payments, asset transfer protocol, transparent financial information flow, and the appropriate management of network costs between businesses. The marketplace will feature a reserve asset vault supporting the underlying ecosystem. This means corporations can trust in the resilience and reliability of the network and focus on what matters: expanding their own market penetration and sales in a favourable business environment.

Initial business side chain targets for Q4 2019:

As the graphic below demonstrates, payment gateway Ormeus Cash will be integrated with ECO. This is on track for Q4 delivery. Captive Insurance is also a key target for Q4 along with building the basic tools for the network, such as the Smart Trust, Vault, Wallet, and POS system. Roadmap graphics also available at the following link: http://eco-system.io/#roadmap

Share a link to your project’s whitepaper:

http://eco-system.io/download/Ormeus Ecosystem Whitepaper 24.06.2019.pdf

What is the team size now? Please list each core member of the Project team and outline their role and responsibilities. Team size is currently 11:

John Barksdale: John is the creative visionary behind the Ecosystem, and also brings unique business contacts to the project. His introductions to the crypto industry began in 2015, by taking on marketing clients in the Blockchain space through the Hong Kong based Firm he is the chairman of (iAmMarketing). He is also a Board Member of the Alphabit Fund.

Liam Robertson: One of the largest individual and corporate traders of Cryptocurrencies in Europe and the Middle East. A certified investment manager in the UK, he established one of the world’s first regulated Cryptocurrency Hedge Funds in 2016. As founder and CEO of Alphabit Limited, Liam now advises a number of funds, family offices and ground-breaking Blockchain enterprises. Liam will be instrumental in onboarding new businesses on to the Ecosystem platform.

Chris Kitze: Part of the Lycos IPO team, he was founder and CEO of Xoom.com (IPO: 1998) and was CEO of NBCi, formed in the merger of Xoom.com and Snap.com, in addition to other companies in digital media and payments such as Wine.com and Unseen. Chris will be advising the Ecosytem on payments and strategic business partnerships.

Marshall Long, Blockchain Engineer: Marshall is a serial entrepreneur with a background in engineering. He quickly moved into bitcoin space early on with a claim to fame as being one of the first bitcoin miners. Marshall has expertise in P2P economies for the Ecosystem as well as breaking into new markets - Asia especially.

Matt Smith, Blockchain Engineer: Matt has expert knowledge in cryptocurrencies and is a key blockchain development partner for the project. He will be liaising with the likes of COTI to integrate OMC payments system with ECO.

Michael Terpin, Public Relations Advisor: A true pioneer in cryptocurrency investments as well as an angel investor in several bitcoin start-ups. He provides PR and awareness for the Ecosystem.

Kris Fairic, Blockchain Developer: Kris has worked on a number of projects including Ormeus Cash liasing with COTI in Israel

Javiear Canales, Compliance: Javiear will ensure compliance & risk management.

Martha Ciske, Social Media: Marketing expert Martha runs the social media operations on Facebook, Twitter, and Telegram.

Martin Prokopec, Social Media: Martin works with Martha on the main social media channels.

Petter Branhammar, Social Media: Peter is the social media community officer. Offers key insight on how to engage the community and keep sentiment positive.

Where are you right now in your roadmap?

The central payments technology and currency Ormeus Cash has been built by COTI from Israel. The wallet and POS system is being finished and will integrate with ECO. The first business target is captive insurance, offering businesses insurance against hacking. We are actually finalizing our interoperability framework with COTI which will be available by 10/07, and will support cross chain swap between Ormeus Cash (OMC), ERC20<=>BEP2 (Binance chain).

What is the business model of the Project?

Transaction fees from cross-chain and on-chain processing via ECO. ‘Ground rent’ fees for corporations wishing to join the ready-made business community will also be charged.

What is the potential user base and market opportunity?

The user base and market opportunity is infinite. Businesses ranging from Banking, Insurance, Agriculture, Energy, Mining, Real Estate, Health, Trading, Payments and Online Retail can all be signed on to the blockchain economy.

Token Name and Symbol:

ECO

What is the primary use case of your token?

ECO fuses enterprise, data, sales force and virtual money. The token is an innovative onboarding ramp for businesses and the native fuel for the network used to power, protect, authorize and process data in real-time between thousands of corporate and personal users.

Where else can your token be used?

The ECO token can reward and notify when data points are shared cross chain, and even works in conjunction with point-of-sale terminal systems to prevent and terminate fraudulent sales of goods.

What is the total supply of your token?

20 Billion

What is the circulating supply of your token?

50 Million

Please provide a breakdown of current token allocation:



Please provide all lockups in place for any holders of the token:

All tokens and assets will be held at: https://orv.ormeuscoin.com

Is your token a security token? If yes, did you get the required approvals from regulators in your jurisdiction?

As per legal opinion, ECO is NOT a security token

Is the token currently running on any network other than Binance Chain?

No.

Is the token currently listed on any other exchange? What are they?

No.

Did you conduct an ICO or any type of fundraising? When was it?

No

How much in total did you raise?

n/a

How much have you spent in total thus far? What have you spent these funds on?

USD$1m on whitepaper, advisors, staff, website development, and social media

How much runway does your project require to ship the final product?

We hope to begin Beta testing later this year with initial use cases around ECO integrating with the payments tech OMC.

What currency/coin/token do you plan to hold your funds in?

Our team’s currency and holdings are exclusively held in our native asset.

What’s your coin storage/conversion policy? Do you only convert to fiat when you spend?

Storage policy is team funds are held in offline cold storage wallets. Only liquidated sparingly as development costs dictate. What we hold ourselves (about 70%) will be in cold storage.

How do you plan to publish your spending each month?

Spending will be done out of an address to be confirmed.

Where are your funds stored? Please provide the addresses for public community tracking.

Funds will be stored at an address linked to the Reserve Vault: https://orv.ormeuscoin.com

What are the technological innovations of the project, if there are any? ECO can reward and notify when data points are shared cross chain, and even works in conjunction with point-of-sale terminal systems to prevent and terminate fraudulent sales of goods. Governance of the network is also new – it is provided by the unique Smart Trust legal framework, a collateral management system styled on a Decentralized Autonomous Organization (DAO). The Trust is responsible for the healthy development and management of pre-defined smart contract rules for the Reserve Vault. The set of rules on how the vault transacts can be voted on by ECO members through the DAO inspired Smart Trust. The strict and unalterable algorithms directed to the vault guarantees the survival of the ecosystem and allows transactions to be executed without censorship or fraud.

Where are your code repositories located?

Github link to be confirmed, working in conjunction with Binance Chain

Do you have any products or UI demos can you share publicly?

Please refer to the whitepaper link above for design specs

Do you plan to release weekly progress updates in this forum?

Yes, weekly press release, video updates via twitter or YouTube, whenever there is a significant milestone reached, for example: https://www.youtube.com/watch?v=C6h-j5g_Lbg

Do you plan to host monthly or bi-monthly video AMAs?

We hold AMA occasionally and upon request from community.

Competitors

Who do you view as your current competitors/peers?

Cosmos

What is your project’s competitive advantage over existing or potential future solutions?

• The Ecosystem forms a highly organized business economy, where each industry has its own dedicated multi-layered side chain to fulfil its business goals, whilst engaging in cross-chain interactions and thus supporting entire network currencies

• The side chains will economically support the Ecosystem main chain. These contributions can include business listing charges and transaction fees being adopted to reflect the different performance level of each chain or business on the network as a whole.