AscendEX Launches OMI Stake and Earn Competition
AscendEX, a prominent cryptocurrency exchange, has announced the commencement of the OMI Stake and Earn Competition, set to begin on May 18 at 2:00 PM UTC on its Earn platform. The competition will feature an estimated annual percentage rate (APR) of 10% for OMI holders, positioning it among the most competitive staking rates available. Users can start staking OMI on AscendEX Earn.
OMI serves as the native token for ECOMI, a platform dedicated to an app-based marketplace for premium licensed digital collectibles. In addition to the attractive APR, the collaboration between AscendEX and ECOMI will introduce an engaging NFT giveaway that features rare collections sourced from the ECOMI marketplace.
AscendEX’s innovative Earn product enables users to optimize their returns by activating a “compound mode,” allowing for automatic growth of their staked earnings. Moreover, users can leverage their staked assets as collateral for futures trading. It’s worth noting that assets staked on AscendEX can be unbound at any given moment. With the addition of ECOMI (OMI), AscendEX continues to expand its staking portfolio, which already includes tokens such as WOO, XPRT, and PDEX.
Enhancing User Experience Through Staking
AscendEX’s Earn platform is designed to provide a seamless experience for users aiming to earn yield through staking and DeFi yield farming across the cryptocurrency landscape. ECOMI is at the forefront of digital collectibles for the mass market, with its VeVe app offering an extensive digital collectible experience. The app features premium 3D digital collectibles, customizable virtual showrooms, social sharing capabilities, and augmented reality (AR) compatibility, making it a top choice for enthusiasts.
The OMI token is integral to the ECOMI Collect economy and is utilized for purchasing digital collectibles within the VeVe App. The platform collaborates with over 70 leading brands, including Superman, NFL, and MLB, to provide users with diverse collectible options. Since March 2, 2021, AscendEX has listed the OMI token under the OMI/USDT trading pair. The launch of the OMI staking initiative underscores AscendEX’s ongoing dedication to fostering the rapidly evolving NFT ecosystem.
The Utility of OMI Tokens
The $OMI token acts as a driving force behind the VeVe marketplace and serves dual purposes. Firstly, it functions as the platform’s native currency, facilitating transactions for digital collectibles. Secondly, holding OMI grants users access to exclusive features and benefits within the app, including participation in the ‘Master Collector Program’. When users buy or sell collectibles using OMI tokens, the tokens involved in the transaction are exchanged for the digital collectible and subsequently rendered invalid. The invalidated OMI tokens are sent to a secure smart contract, where they remain permanently inaccessible.
Users can acquire OMI tokens through credit or debit cards or via in-app purchases where applicable. The NFT giveaway will commence on May 18, 2022, and continue until June 1, 2022. Participants who stake larger amounts will have an increased likelihood of winning rare NFTs. Winners will be announced within 15 days following the conclusion of the event and must register for the VeVe app to claim their prizes. Further details regarding the NFT giveaway will be shared via social media and the AscendEX website.
About AscendEX
Established in 2018 by experienced quantitative traders from Wall Street, AscendEX operates as a Singapore-based platform for digital asset trading. Catering to both retail and professional traders, the exchange provides access to over 200 cryptocurrency pairs, including popular cryptocurrencies and DeFi tokens. Additionally, AscendEX offers a variety of services such as coin staking, futures trading, and auctions.
About ECOMI
ECOMI is a leader in the digital collectible market, with its VeVe app providing an unparalleled experience for users. The app showcases premium 3D digital collectibles sourced from top global brands.
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