Ommer is on a mission to introduce micro investing to billions around the world. They will tokenize publicly listed stocks to enable micro investments with minimal fees. Users will be able to access opportunities through a decentralized network of licensed brokers. Compliance, transaction, and counter-party risks will be minimized through the use of the blockchain and smart contracts.
STO/ICO Status
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Basics
| Platform | Ethereum |
|---|---|
| Type | ERC20 |
| Accepting | ETH |
| Circulating Supply | 50% |
| KYC | N/A |
| Restricted Areas | N/A |
| Homepage | Website URL |
| White Paper | View/Download |
About
Tech-savvy millennials who want things done quickly and conveniently face setbacks when it comes to investing their savings. Investing in conventional asset classes such as stock and bonds requires one to jump through hoops like filling in forms and choosing a brokerage firm.
Furthermore, attractive stocks that generate substantial and stable dividends require a substantial upfront cost and a minimum lot size, making investing even more out-of-reach. While it takes less than five minutes to open a bank account, savings interest rates are too low to be considered a viable long-term investment.
The blockchain enables instantaneous and secure transactions online. A simple user interface on an app makes buying or selling digital currency convenient. There is also no minimum amount for investment, as each currency is broken down into a fraction of the original cost, so anybody regardless of their financial background can own a piece of Bitcoin or Ethereum.
Instead of volatile digital currencies, Ommer wants to make conventional asset classes more accessible. Millennials will be able to buy into prudent investments and get familiarised with financial products with just a few clicks of an app and with as little as $10 in the bank.
