The concept looks interesting. So Ormeus is a mining company that issues their own tokens that are backed by a Bitcoin (the gold standard of crypto) reserve. Did I understand that correctly or did I miss something? I will have a look at the website now and come back with more feedback.
Yeah, have the same question.
Does this mean each ORME token is Ethereum smart contract bound to control the Bitcoin reserve that was mined?
Believe it not, this is the first coin ever that seems to be backed by something other than simply hot air.
Very interesting.
Also, the ICO is private, what does that mean? can we participate in that?