(OSMI) Osmium Low Cap Gem You Don't Wanna Sleep On! A Must See Review!!

[Music] Street [Music] open welcome everybody back to underground crypto here to Deep dive another underground crypto kind of getting back to some of the videos that we started the Channel with um really looking at some brand new or at least newly listed on pretty much no name exchange you know uh lowest tier exchange platforms like a g jix um if you're not familiar with the G jix you know I understand most people are not and I wasn't really either until about six months ago anyways osmium is the coin that I plan on going over today hit the like share the Subscribe button the notification Bell if you want to get these videos if you're deep into crypto and want to Deep dive and do some research with us I do understand that this Channel's probably a little bit Advanced

for um your average new person to crypto so if you're watching this and you're not really Advanced um in all the language and and you know definitions of things that we're saying you know maybe stick with us and kind of get yourself acclimated to some of these deeper things in crypto because you're going to advance much faster I will say um if you stumbled across this for whatever reason and you are newer to crypto you kind of stumbled into a good place because a lot of your other channels cater you know to kindergarden crypto people and they really don't give you that much of what we consider to be alpha or deep information so anyways this is a newly listed coin is it brand new I don't really know if it's a brand new coin but it is probably

um relatively new I would think anyways it's worth about $843 right now there was um one thing that I really liked about osmium that we are going to point out later on here in the video all right osmium driving blockchain Innovation and again guys this is their website if you go over on a g jix it'll take you if you click Market it'll take you a spot then you click new listings that'll get you where we are over here under links the little house is their website obviously the little bird is Twitter and so on and so forth let's pop over here so they do have a white paper we'll click on it we're not going to read the entire white paper or even I'm just going to read this little introduction that's really it um these are the

type of things that I don't know if people really want me to bore them to death with reading all these things maybe we could just do a separate video on actually reading um white papers in general so that would be interesting all right the introduction says it has been a little over 15 years since bitcoin's Genesis block although blockchain has evolved immensely the technology has a long way to go before becoming truly mainstream for this to happen a leap in Innovation is necessary if we stop and think about how various blockchain initiative approach Innovation the majority of existing projects can be categorized as followed and that's going to be one the largest and most ambitious projects out there two Niche projects Niche projects same thing meme coins scams small projects with dedicated teams and ambitious goals so what do

they consider themselves when it comes to those categories if we ignore the hundreds of blockchains out there that have no ambition of creating anything useful for the block chain we are left with a handful of ma mature projects a few rising stars and a dozen of Diamonds in the Rough one of the key things that sets successful Innovative projects apart from the rest of the paack is a proper source of independent funding for future development that is in line with the objectives of the projects Community you're going to see as we read the website why that is relevant to this project because this project is unique now let's go to about and you'll see what I'm talking about because you don't really see a lot of projects with this kind of goal which is kind of making its own

little niche so osmium was born from a very simple idea to promote and reward talent in the blockchain space it is our goal to drive Innovation and to give back what we create to the entire crypto Community we shall create a unique ecosystem that will have the capability to identify and fun Innovative projects that can help the entire blockchain space so they're really about rewarding and creating initiative and a reward system for those that spend their time to develop things on the blockchain which is cool you know I think the biggest takeaway here is they're going to have I think they talk about it later they have like a fund where um you know they take a fee on their Network and stuff and from The Mining and then they reinvest that money into a fund where they actually

give grants and money to small projects and startups so that they can get you know some wind in their sales and actually move forward so it says why osmium which is a great you know statement because really why osmium in this world of uh you know 30,000 crypto projects it's probably more than that value over time we will increase value using low maximum Supply and a turned and attuned reduction process but primarily by developing Innovative projects merged mining which is a really cool concept honestly osmium supports merged mining with any X11 coin this unique feature gives our ecosystem a more stable hash rate and block frequency and I think they're going to talk more about that so I won't go into detail just yet Community Focus our project rests on building a strong community that shall help Drive blockchain

Innovation decentralized governance we shall fund Innovative projects using our super block rewards with the help of a decentralized governance model so that's getting at what I was going to start talking about and that is um there is they're going to fund projects by using super block reward rewards so what they hold aside for super block rewards you can see down under here where it says block rewards under the tokenomics super block rewards is 5% so 5% is going to go help decentralized governance model and fund the Innovative projects that they wish to fund we use Master nodes to increase security of our chain and enable decentralized governance so then we come into tokenomics now the tokenomics of this coin are kind of what got me a little bit excited about this coin because the tokenomics are kind of bananas

here as far as just simply price go up not so much the tech I don't know the ins and outs of all this Tech I know it's an X11 algorithm when it comes to mining but I don't really know um all the ins and out of their Tech so the initial block reward is one osmium and then the mining rewards is 45% Master node 45% management fees 5% and a super block reward 5% I'm not sure what the management fees how that's actually going to be taken care of blockchain Max Supply 1.2 million osmium for reference Bitcoin has 21 million coins um in its Max Supply so 1.2 million is not a lot of coins at all and you need 500 osmium just for a master node collateral so people who want to have a master node are going

to have to buy at least 500 osmium which maybe um helps put some market cap here and then market cap you know divided by 1.2 million gives you your per coin price and I could see this go up quite a bit um reward reduction is every six months so it's basically having a reduction see in Bitcoin we have a having every four years which literally the reward comes and is cut in half it's halfed that's what the having stands for and this is having a reduction every 6 months and I don't know what it's being reduced by I don't think it's being reduced by half but we don't know yet block frequency is 1.5 minutes um I so I think that's 1.5 minutes for every block and then the aggregators they have um livecoin watch mindpool stats and coin

pepera here's their osmium wallet I'm not a big fan of downloading these random wallets um until projects become bigger and every really proven themselves and have a lot of downloads on their wallets and no exploits and hacks and stuff and if I can hold this somewhere else I would like a hardware wallet or something I would much rather do that because you know again who knows what you're downloading when you download those and then here's all their socials and you can see the website is not ridiculously long like some of the other websites are then you got how to mine their mining pools and other mining pools we're not going to go into that right now and then you have your master node set up if you're interested in getting 500 osmium let's see you need 500 osmium they're

about $840 so 100 of them would cost you about $840 so $840 Time 5 is what you would be looking at just to get started it's quite a bit of money but when you think about needing 32 ethereum to create a master node it's a far less barrier to entry than you know other project would be as far as having a master note goes let's pop over to their Twitter let's give them a follow so that we can you know try to aggregate all the different projects that we follow and the important information that they put out into one page and that page would be my page Crypton _ ground crypto and again that's _ ground crypto follow me over there and we will I will do my best to try to keep up with you know reposting important

things let's see how active we got here so they only have 90 followers that could be a red flag that's more of a red flag depending on how long a project has been out or on Twitter but I'm pretty confident this is a pretty new project so I'm not going to hold it against them too much that they only have 90 followers but I would like to see that number grow substantially cuz look they're only getting like 126 221 uh views on these posts so in proportion 90 is pretty good so it says it is our pleasure to announce a collaboration between osmium and iodes iodes is the top shared Master node service that will become osm's primary shared Master node provider I am thrilled to say that you can start stacking your osmium and getting Master node rewards

right and click read more and it doesn't want to look Lo right now at eyes not so there wasn't really much left to that so like this is for example one of the things I would go ahead and repost because if you're interested in this you might want to you know you might want to know that they're partnering with this iodes maybe you know what that is if you're into mining so 11 hours ago we're just looking at frequency 359 that's better April 20th April 18th so it seems like they did skip a day there we got some other posts down here so when I actually originally did this video they didn't have as many posts because it was like two days ago um when I first recorded it and hopefully this one is being recorded properly and um

I don't have to do it again because that'll really suck at this point let's see if there's any critical information that we really want to put in here think about this $843 and a whole bunch of other numbers per coin right now and it's trying to say it only has $158,000 in the project I mean just think about it I don't know how great this project is but you have a couple people with some you know large Capital come in here and throw 100,000 a million a couple million then that price is going to go way up makes me interested to buy some I might buy $40 $50 worth of it um I at this time right now I do want to say I do not own it any of these and I'm not a financial advisor I'm only

telling you what I'm doing and everything is educational purpose if you need a financial advisor find a financial advisor I'm sure they're out there now we covered Twitter I know that I have them actually on Discord already hopefully it is recording this or I will be just cutting this out of the video won't I so announcements it says uh yesterday's announcement is my pleasure to announce collaboration between osmium and inodes there are several things you might find interesting it is a real registered company it has been an operation for three years inodes is running over a thousand Master nodes they have 15,000 active users not a typo osmium will be the fifth coin eyes no has decided to add iodes uses reward pooling to get rewards even on incomplete Master node so that's some interesting stuff there if you're

into that kind of thing it is interesting that iodes only has four other coins beside osmia and the fact that they would even be interested in this coin when it seems like super new and then here you say we got word from AIX that deposits and withdrawal issues has been resolved cool so whatever issues I I didn't even know they were having well it's been it's been taken care of all right guys that's pretty Prett much everything I can't really see anything else here that we really need to talk about my gut feeling about this um from a money-making perspective speculating perspective number go up perspective I'm not necessarily giving a rating based off of tech um I'm going to have to say I give this project about a six or a seven as far as being profitable to

purchase at this time just because of its tokenomics purely before because of its tokenomics and and um if the fund that they raised for putting money towards grants and stuff in other projects the 5% of the money in the network that's being taken to put into that fund goes into their market cap well then I'm even more bullish on this the tech seems all right it's its own little niche I don't see a lot of coins so it doesn't really seem like there's a lot of competitors to this little niche that they're like in or creating and uh yeah so I'm going to give it about a six or a seven as far as making money overtime all right guys crypto run out hope you enjoyed the video