OML meaning in Cryptocurrency ?

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Answer:

What is Omlira?

Omlira is a hybrid crypto asset that is the base currency of omChain and ERC20 token on the Ethereum network and BEP20 token on the Binance Smart Chain.

How is Omlira used? What is omChain?

Omlira is used for paying transaction fees on the omChain, a public blockchain that runs on Proof-of-Authority consensus mechanism called IBFT2. omChain is EVM compatible and has 50M Block gas limit with 2 seconds block interval. This allows omChain to have the following features;

Fast transaction processing

Reliable for businesses

More smart contract interactions per second

Interactions with the omChain is done with Omlira just like how any other base currency works.

How many Omlira are there in Circulation?

The total supply of Omlira is 500M and only 105M of tokens were sold and/or distributed on airdrop. 100M of tokens were locked in a smart contract until 2024 as a team and founders share, 20M of tokens were reserved for the company's usage and around 270M tokens will be used for staking rewards and airdrop campaigns, starting at early 2022.

Who is behind Omlira?

Open Money was found in October 2020 and located in IT Valley of Turkey, providing blockchain solutions and multi-chain hybrid assets as well as a blockchain bridge. Open Money aims to solve real life problems utilizing blockchain and transforming auditing into production. Open Money's vision and products are not just limited with De-Fi solutions but with the main focus of manufacturing, stock and logistics management as well as establishing trust between individuals and businesses.

Where can I buy Omlira?

You can purchase Omlira from Bitget Exchange with USDT or Uniswap on ETH-OML parity or PancakeSwap on BNB-OML parity.

When can I use omChain?

omChain Jupiter Testnet is currently live and you can test the network by claiming test tokens from https://jupiter-faucet.omlira.com/

You can also exchange your ERC20 - BEP20 Omlira tokens for Omlira on omChain as native currency from our token bridge omLink.

What is Omlink?

omLink is the token bridge that allows users to bridge OML from ETH-BSC and omChain networks. Head to the https://bridge.omlira.com for bridging your Omlira with ZERO fees.

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Posted on 21 Sep 2024, this text provides information on Miscellaneous in Cryptocurrency related to Cryptocurrency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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