AscendEX Launches OMI Stake and Earn Competition
AscendEX, a prominent global cryptocurrency trading platform, has announced the initiation of the OMI Stake and Earn Competition, set to begin on May 18 at 2:00 p.m. UTC. This new feature, available on the Earn platform, offers an estimated Annual Percentage Rate (APR) of 10% for OMI holders, making it one of the most competitive rates in the market today. Users can begin staking on the AscendEX Earn platform.
OMI Token and ECOMI Marketplace Overview
OMI serves as the native token for ECOMI, a marketplace dedicated to premium licensed digital collectibles. In addition to the attractive APR, AscendEX and ECOMI have planned an enticing NFT giveaway featuring rare collections from the ECOMI marketplace. AscendEX’s innovative Earn product enables users to enhance their returns by activating a “compound mode,” which automatically increases their earnings from staked assets. Additionally, users can leverage their staked assets as collateral for futures trading, with the flexibility to unbind these assets at any moment.
Expanding Staking Portfolio
With the inclusion of ECOMI (OMI), AscendEX’s staking portfolio continues to grow, alongside existing offerings like WOO, XPRT, PDEX, and others. The Earn platform from AscendEX provides a user-friendly experience for generating yield through staking and decentralized finance (DeFi) yield farming.
ECOMI’s VeVe App and Digital Collectibles
ECOMI is at the forefront of the digital collectible market, with its app, VeVe, offering a rich digital collectible experience. VeVe features high-quality 3D digital collectibles, customizable virtual showrooms, social sharing capabilities, and augmented reality (AR) compatibility, making it a must-have app for collectors. The OMI token is integral to the ECOMI Collect economy and is essential for purchasing digital collectibles within the VeVe app. VeVe collaborates with various leading brands including Superman, NFL, and MLB.
OMI Token Utility and Transactions
Since March 2, 2021, AscendEX has listed the OMI token under the OMI/USDT trading pair. The introduction of the OMI staking program underscores AscendEX’s dedication to fostering the expanding NFT ecosystem. The $OMI token serves a dual purpose in the VeVe marketplace; it functions as the primary currency for trading digital collectibles and grants users access to additional features and benefits, including the ‘Master Collector Program.’ When OMI tokens are used for transactions, they are exchanged for the digital collectible and subsequently expire, with invalid tokens sent to a permanent smart contract.
NFT Giveaway Details
VeVe users can obtain OMI tokens via credit or debit cards, or through in-app purchases where applicable. The NFT giveaway will commence on May 18 and continue until June 1. Participants who stake larger amounts will have increased chances of winning rare NFTs. The winners will be announced within 15 days of the event’s conclusion, and they must register for the VeVe app to claim their prizes. Further information regarding the NFT giveaway will be shared through social media and AscendEX’s official channels.
About AscendEX
Established in 2018 by experienced quantitative traders from Wall Street, AscendEX is a Singapore-based exchange for trading digital assets. It caters to both retail and professional traders, offering access to over 200 cryptocurrency pairs, including popular cryptocurrencies and DeFi tokens. The platform also features a range of services such as coin staking, futures trading, and auctions.
About ECOMI
ECOMI is a leader in the mass market digital collectible sector, providing the most comprehensive experience through its VeVe app, which showcases premium 3D digital collectibles from globally recognized brands.
