Altcoin Assessment #1: Orium (ORM)

Updated on 5th March 2019

Cryptocurrencies, coins and tokens alike, serve a multitude of purpose, from digitizing ownership to acting as actual currency, potentially disrupting a wide array of industries — including, but not limited to, music, gaming, real estate (property), remittance, social media, and advertising/publishing.

The Gaming Industry — All-In!

An industry that is no stranger to the Crypto-community that has birthed a number of cryptocurrencies is none other than the gaming industry, referring of course, to gambling instead of video-gaming. The Casino is no strange place for the huge majority of adults and it’s a safe bet to say that we’ve all dabbled in games of chance, one way or another. For those who have been to casinos will be familiar with the phrase — “the House always wins”, which is to say that at the end of the day, and in the long run, the casino will always profit from its customers. So it’s rather natural that with the existence of the Blockchain and Cryptocurrency, that there will be massive disruption in the gaming industry, an industry that has made its way very quickly onto the online foray.

One of very many gaming cryptocurrencies out there is, Orium (ORM) — an Ethereum-based online mobile game that gives users the option to play on their own or against other users, taking the focus away from gaming against a game-house.

Credit: Wall Street

Who? — The Team

The team is headed by Project Leader, Mr. Save Pong and Mr. Note Wit. It is not entirely clear or apparent if these are actual names [no disrespect, as the Cryptocurrency space is synonymous with pseudonyms], or a play on words but the team consists of mainly young-ish adults with between 4–6 years experience in their respective fields/department. The mentioned Mr. Save Pong, according to their whitepaper, is also a co-founder of a company called IDEAGITAL — a digital business and online marketing company in Bangkok, Thailand.

What & When? — Goals and Roadmap

ORM’s whitepaper has conveniently numbered its goal(s) which includes having the token used internally in its ecosystem for online mobile games and competitive tournaments, and eventually being used for trading on exchanges, decentralized or otherwise. The team is also focusing on staking for percentile income for users as well as affiliate marketing program to reward marketers.

If the roadmap is anything to go by, it appears that the team is working hard and delivering on their roadmap “manifesto”. What’s interesting to note from the Roadmap is that the project is aiming to launch its own blockchain by 2020 following partnerships with ad companies, presumably for marketing purposes.

Credit: Oriumcoin.com

The token is currently on two exchanges, Graviex, and only recently on Stex Exchange — and is listed on CoinGecko and CoinPaprika. As with most cryptocurrency, one of its roadmap goals is to be listed on CoinMarketCap.

Update — 5th March 2019:

The Twitter handler of Orium has been in touch for some clarification and we have been informed that the project’s main aims are to be used as a means of international payment for every day services, shopping, as well as payment for advertisements, focusing on entertainment and utility in as many ways as possible.

The team and the project places its focus on delivering promises and meeting goals rather than hype and this is best represented by the fact that the project did not have an ICO or Private Sales as they did not want to risk investors and supporters’ money. This is definitely not the norm in the crypto space where a lot of projects usually start off with an ICO or some form of token sales, be it private or public, so they may have capital to start and advance the project.

Taking into account the absence of an ICO, it is even more impressive that the project and the team has got this far, being listed on, now, three (3) exchanges and easily accessible thanks to a wide support from cryptocurrency wallets and portfolio databases. All this progress is down to the hard work and dedication of the team.

Look at that! Credit: Oriumofficial Twitter

Why? — The need and space for disruption

Hexa Research found that the global online gambling market size to be valued at USD27.56 billion in 2014 and is expected to grow at a compound annual growth rate (CAGR) of 9.8%, growing to a whopping USD73 billion by 2024. And it is not made known how much online casinos make from commission and fees but one can assume that from the global market size that it would go to the multi-millions annually.

Therefore, it becomes moot whether or not there is a potential or need for disruption. When an industry imposes high fees on its customers, cryptocurrency, with the aid of the Blockchain, will be there to address it by imposing fees that don’t go above a dollar.

Price check

The total supply of ORM is capped at 200 million with the current circulation at around 40 million based on information off CoinGecko and CoinPaprika. And currently, 1 ORM is valued at $0.0009 — $0.001, more or less, an increase of 168% from a month ago, but down by 56% from its all time high in December 2018, which puts its current value quite close to its all time high.

Conclusion — Can Orium Survive & Thrive?

The gaming industry has a large number of competitors, online and offline, and the number of cryptocurrencies and/or projects that aim to disrupt the industry is equally big. It calls for Orium to step up and offer things that are novel, special, and most important, adaptable for the vast majority. In a prolonged bear market, adoption will be the main focus — projects will need to put in real work.

Orium has, at its back, a small but strong community on Twitter and Telegram that has seen them getting listed on Stex and included in databases such as CoinGecko and CoinPaprika, and it will only be a matter of time before CoinMarketCap includes Orium in its database.

To stay relevant and to thrive, Orium will have to work extremely hard to fulfill its roadmap promises, and even more so, to push for real world usage and adoption. If all goes according to plan, with a total supply of only 200 million, it is not impossible to see Orium thrive once the bull market comes, and with it, mass adoption.

Disclaimer: This is merely an opinion piece. It does not convey, nor does it intend to convey, or appear to be, or resemble, financial advise. Anything taken and/or interpreted shall be deemed to be merely an opinion of the author and not of the team, project, or community. The author does not invest in ORIUM (ORM) nor was the author paid or requested to prepare this write up.

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