What is Omnitude?

Omnitude is a smart platform that connects blockchain technologies to existing e-commerce platforms and enterprise systems. Utilitizing Omnitude, businesses can deploy blockchain technology rapidly, and securely, in a cost efficient manner without the need to replace their current systems. [to see the full informative video this quote is pulled from, visit https://vimeo.com/254527681]

The key factors that have led me to call this as an excellent investment opportunity are: partnerships, team, and tokenomics.

Partnerships

Malta is hot right now in crypto, gaining recognition as a blockchain haven when Binance decided to pick up shop and move to Malta. Malta’s government has entered into a partnership with Omnitude to explore how blockchain innovations can help the public transporation sector increase efficiency and reduce cost. The Minister for Transport, Infrastructure & Capital Projects explained, “We believe in Omnitude’s blockchain technology and its broad use-cases for the Government. We can see its potential in a range of government departments and it will form a cornerstone technology platform as part of our commitment to drive forward innovation. It will improve the quality of life and enhance access to information for Maltese citizens.”

2.) CS-Cart

CS-Cart is an ecommerce platform that currently services over 35,000 online stores in over 160 countries. Like Omnitude, CS-Cart is a plug-and-play ecommerce b2b solution, and working together will not only open many new doors for Omnitude but will be able to deliver a combined solution granting even better accessibility to blockchain for ecommerce businesses.

3.) Williams Martini Racing

The partnership with Williams Martini Racing allows the Formula 1 team the middleware layer to explore blockchain data synchronization capabilities. For Omnitude, it serves as a way to showcase the blockchain performing at speeds most cryptocurrencies can’t achieve. “There’s no better way to showcase the speed of your technology…everything there needs to be in milliseconds,” answered Omnitude CEO Chris Painter in a recent interview.

4.) Future Partnerships

In a recent interview Chris Painter mentioned that they’ve had enough requests for partnerships that they have had to actively turn down some offers to ensure excellent service and a smooth launch. I spoke with Chris recently and he was able to share that he hopes to be able to announce a new partnership this week with a “large food supply chain” company. Furthermore, he stated there will be numerous partnership announcements coming throughout the month of June.

Team

CEO — Chris Painter

Chris is the CEO and Founder of Omnitude and has extensive experience in the ecommerce space. Before Omnitude Chris was the founder and managing director of Pixel by Pixel, a digital marketing, design, and development agency servicing ecommerce sites doing nearly $100,000,000 annual business. Over a decade in this role gives him not only first hand knowledge of the advantages a product like Omnitude offers customers, but the connections and marketing know-how to move the product forward.

CTO — James Worthington

James has been involved with the Hyperledger project since it was announced and is a critical part of Omnitude’s adaption of the platform. “James bring extensive large scale enterprise data experience and expertise with the Hyperledger Foundation and the various frameworks and projects under the Hyperledger umbrella, specifically Hyperledger Fabric and Hyperledger Indy, to Omnitude.” Hyperledger is seen as the serious blockchain for the future of businesses and the fact that Omnitude not only knew to utilize Hyperledger, but made sure it secured those with the knowledge to implement it is fantastic.

The Omnitude tech team released its working Proof of Concept in March of this year which allows users to test out two different ecommerce use cases. This Proof of Concept is a full Hyperledger testnet, deployed on the Swisscom blockchain cloud (another working partner) and featuring software from CS-Cart.

Tokenomics

Total supply: 100,000,000 ECOM

Offered for ICO: 55,000,000 ECOM

Omnitude Foundation: 45,000,000 ECOM (with Sally Eaves as official advisor handling governance of the foundation)

ICO Price: $0.46

Private/Presale Price: $0.40 (15% bonus). No ECOM was sold for less than this amount.

ICO End Date: Thursday, May 31st, 14:00 UTC (10:00 edt)

KYC: After purchase. UK residents excluded. All others included. Only License/Passport + utility bill required.

Link to token sale

If tokens remain unsold after ICO:

1.) 11,000,000 tokens will be released as an airdrop to token holders proportional to the amount held (e.g. if you purchased 0.3% of all ECOM tokens sold during the ICO, you will receive 0.3% of the airdrop)

2.) Remaining unsold tokens are burned. In addition, an amount of foundation tokens will be burned at the same ratio (e.g. if 10% of ICO offered tokens are unsold and burned, 10% of the allocation foundation tokens will also be burned)

Timeline until major exchange(s): June 2018.

What will tokens be used for?

ECOM will have some utility uses such as paying for customer support, but primarily its main use case is to be the “gas” of the ecosystem. Each transaction has a small fee, 60% of that fee is paid out to holders of…

ECOM Masternodes require ownership of 20,000 ECOM tokens.

Omnitude will facilitate the purchase of ECOM tokens for its ecommerce customers by taking fiat payments, buying ECOM off exchanges, and transferring it to the customers. This constant buy pressure is good for the investing health of the token.

T-Shirts and various other swag are offered to those who purchase ECOM in the last few days of the ICO. In addition, those who purchase ECOM above varying thresholds receive one or more entries into a drawing to win a VIP Hospitality Experience hosted by Williams Martini Racing at one F1 race anywhere in the world. Full details at https://omnitude.tech/williams.html

Conclusion

Omnitude stands to be a very important player in the road to mass adoption. Giving businesses who are interested in using blockchain, but hesitant to devote an entire tech team to the platform, software they can plug-and-play is extremely important. Omnitude has the right idea, the right platform, the right people to facilitate that idea, and even now while in ICO has already announced amazing partnerships that cement its legitimacy. Sign up for the ICO here before it ends in less than two days.