OUMCOIN

The third generation of altcoin called OUMCOIN was born. OUMCOIN opens around the world on August 5th, 2015 with total amount of distribution of 12,000,000. The circulation price for OUMCOIN is 15.5 Euro, and is the altcoin with highest circulation price in the trade of altcoins. After OUMCOIN issues, its brand new originality and contribution to mathematics academy causes great concentration to electronic currency. Within a few days, many people in this trade begin to collect OUMCOIN which leads to a surging of the amount of users and the price is increasing. OUMCOIN is different from all the other digital currency. It is the first digital currency which is proposed for mathematics problem and belongs to the third generation altcoin. After the issuing of OUMCOIN, the pattern of global circulation of OUMCOIN has formed.

After Bitcoin is hyped，kinds of Altcoins appears， including the well known Litecoin, Mastercoin，Primecoin，Ripple，Novacoin and other tens of altcoins. These altcoins almost own a set of complex rules，mixed with special computer games. If one is not graduated from computer major,or have a deep research on their originator Bitcoin， it is hard for them to understand so called altcoins in short time. These coins belong to the second generation of altcoins headed by bitcoins and have no central issuer and solution to solve the currency inflation and other problem. But no one promotes it since there is no central issuer and main beneficiary, so it grows up by its own charm. In this way, its price rises and drops suddenly and sharply.

As a digital currency which is valuable, it must include two aspects, that is, technology and market. If there is only excellent technology without holders and users, it can be simply regarded as a kind of technology but not a kind of currency. Many digital currencies' technology is better than bitcoin, but their value is lower than Bitcoin. The issue of Bitcoin depends on miners. Unluckily, its promoter can't benefit from it, that is to say, the creator of its value doesn't get the relevant reward, which is unfair. This kind of issuing mode doesn't consider the problem that make value creators get corresponding value, so it remains tepid and the development of market doesn't go well. Its growth rapid was limited and many people invest amount of funds to purchase miners to mine, but this behavior actually doesn't bring value to Bitcoin's growth. Though its safty increases, it is only a supplement to the defect of bitcoin itself and waste resources greatly. If the big amount of funds for purchasing mining machine could be invested into application and promotion of Bitcoins. You can imagine what a big help for bitcoin's growth.