Category: Recently Added Whitepapers

Ormeus Global announces the release of Ormeus Coin (asset symbol ‘ORME’). The real-world value of this new token is secured and cryptographically linked to a publicly verifiable reserve of Bitcoin, the ‘gold standard’ of cryptocurrency. The bitcoin reserve known as the Ormeus Reserve Vault (hereafter “ORV”) is a multisignature Bitcoin wallet funded by the ongoing industrial bitcoin mining operations of Ormeus Global.

These operations have an initial baseline hashing power of 30 PH/s. This hashrate will be continuously upgraded by allocating proceeds derived from the sale of ORME tokens. Unlike other static or semi-static bitcoin-backed cryptocurrencies (which are historically highly speculative in nature and backed by token sales alone) Ormeus Coin will be backed both by token sales and a geographically diverse industrial cryptocurrency mining operation.

This predefined mechanism to facilitate the continual accumulation of hashing power will result in the ORV having a constantly increasing reserve store of bitcoin which eectively distinguishes ORME as a stable store-of-value.

The STK token will enable real time point of sale (POS) transactions directly from users’ private cryptocurrency wallets. We predict the ability to make purchases in-store and online using cryptocurrencies will speed up mass adoption of the technology. The STK token is part of a global solution to facilitate borderless transactions. To make instant payments at point of sale from a blockchain wallet requires we do a real-time exchange of cryptocurrency into fat.

The STK token provides access to our state channels which a) ensure there is suffcient cryptocurrency (i.e. Bitcoin, Ether) in the digital wallet and b) users spending fat at point of sale will complete the purchase from their cryptocurrency assets. STK automatically opens a state channel between each user and STK’s own wallet. STK tokens fund the transaction, much like gas funds Ethereum transactions. The frst implementation will be with STACK’s digital wallet. STK tokens will be implemented on the public Ethereum blockchain and adhere to the ERC20 protocol.

In today’s information economy, value is generated by those who create information desirable by others as well as by those who organize the Internet and flow this information through it such that it arrives at the attention of others who may appreciate it.

This “attention economy”, a subset of the information economy, is becoming more relevant than ever with the information explosion we have been experiencing in recent years. As content becomes easier to create, and as the friction in replicating and spreading of information approaches zero, the economy created around attention, a rate-limiting step in the consumption of information, takes centre stage.

Much of this creation and curation activity is done by people who did not take part in this economy before the Internet existed, and are, for the most part, simple participants in it. This User Generated Content (UGC) market has skyrocketed in the past decade, creating platforms – content hubs and social networks, where people upload and move digital information – relying almost solely on user contributions in a way that was unimaginable before. However, while much of the value in these platforms is created by these users, they see little in terms of reward – monetary or otherwise for their work.

Largely, this is the result of a reliance on these platforms as intermediaries. Centralized entities, dominant monopolies in their niche of content type and audience, have completely cornered the markets solely by virtue of having offered a simple online service, placing themselves between hosted content and its audience, at the right place and time. Synereo argues that these services are significantly less important than the economy they underlie, and that it is time to liberate this economy from their hands.

Synereo Website
Synereo Whitepaper

Social