Understanding OM (OM-2020): A Comprehensive Guide
OM, also known as OM-2020, is a cryptocurrency that has been making waves in the digital asset space. As you delve into the world of blockchain and cryptocurrencies, it’s essential to understand what OM is, its potential, and its value. Let’s explore this exciting coin from various dimensions.
What is OM (OM-2020)?
OM is the native token of the MantraDAO project, a platform designed to enhance the DeFi ecosystem. Launched on August 18, 2020, OM has already gained significant traction, with its token listed on major exchanges like OKEX. The coin’s strong association with the Parity Substrate and Polkadot ecosystems has contributed to its popularity.
OM’s Technical Background
OM is built on the Parity Substrate, a framework for developing blockchain applications. This foundation, combined with its integration into the Polkadot ecosystem, provides OM with several advantages. One of the most notable features is its high scalability, which allows for efficient processing of transactions and supports the growth of the entire ecosystem.
OM’s architecture also enables cross-chain collaboration, reducing reliance on centralized institutions. This feature is particularly valuable in the DeFi space, where trust and security are paramount.
OM’s Market Performance
Since its launch, OM has demonstrated impressive growth. As of September 8, 2021, the coin’s price stood at $0.2514, representing a significant increase from its initial issuance price of $0.200. With an investment return rate of 402.80%, OM has become a popular choice among investors.
Here’s a breakdown of OM’s market performance as of September 8, 2021:
| Parameter | Value |
|---|---|
| Issuance Date | August 18, 2020 |
| Initial Issuance Price | $0.200 |
| Total Issuance | 8.89 billion |
| Circulating Supply | 2.66 billion |
| Circulating Supply Percentage | 29.96% |
| Price (as of September 8, 2021) | $0.2514 |
| Investment Return Rate | 402.80% |
| Market Capitalization | $66.94 million |
| Global Ranking | 176th |
OM’s Future Prospects
As the DeFi space continues to grow, OM’s potential remains strong. Its association with the Polkadot ecosystem and its focus on enhancing the DeFi experience make it a compelling investment opportunity. Here are some key factors that could contribute to OM’s future success:
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Strong Community Support: OM has a dedicated community of developers and users who are committed to its success.
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Innovative Features: OM’s unique features, such as cross-chain collaboration and high scalability, set it apart from other cryptocurrencies.
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Partnerships: OM has formed strategic partnerships with various companies and projects, further enhancing its value.
Conclusion
OM (OM-2020) is a cryptocurrency with a promising future. Its strong technical foundation, market performance, and innovative features make it an attractive investment opportunity. As you consider adding OM to your portfolio, be sure to do your research and stay informed about the latest developments in the DeFi space.