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Ormeus Ecosystem is a cryptocurrency project that aims to establish the world's first business-backed blockchain smart economy. The ecosystem is built on various blockchains, including Binance Smart Chain (BSC) and Ethereum, facilitating transparency and security in transactions. The ECO token, its native currency, serves as the 'gas' that powers and protects the Ormeus Ecosystem, incorporating advanced data verification and encryption through the Blockchain Trust Rating (BTR) standard.
Ormeus Ecosystem functions on blockchain technology, leveraging the capabilities of BSC and Ethereum to create a decentralized network. It supports decentralized applications (DApps) and financial services, utilizing smart contracts to facilitate decentralized lending, borrowing, yield farming, and trading on decentralized exchanges. The ecosystem is backed by renewable energy sources, ensuring sustainable operations, and employs a Blockchain Trust Rating (BTR) system for enhanced security and verification.
Ormeus Ecosystem provides several use cases, including:
The history of Ormeus Ecosystem begins with its founding by a team including John Barksdale, Taras, and Dr. Ievgen. The project aims to create an interoperable blockchain community, kicking off with the release of its whitepaper in 2019. Ormeus Ecosystem has achieved significant milestones, such as integration with major blockchains like BSC and Ethereum, and listing on multiple cryptocurrency exchanges. Its all-time high price was recorded on November 19, 2019. The project continues to evolve, focusing on DeFi services, sustainable operations, and community engagement.