Ormolus price 

ORM

Ormolus is a Layer 2 blockchain designed to enhance the Ethereum ecosystem by offering sustainable rewards to its investors. Launched on 09/12/2024, Ormolus provides a unique redistribution mechanism where 2% of every transaction is returned to holders in the form of ETH rewards. The platform's goal is to create a more rewarding experience for participants while ensuring efficient, low-cost transactions through its Layer 2 infrastructure.

At its core, Ormolus aims to address the growing demand for a scalable and community-driven ecosystem by utilizing Ethereum's security while reducing transaction fees. The project integrates a transparent and automated rewards distribution model, allowing investors to passively earn ETH simply by holding Ormolus tokens. This model incentivizes long-term holding and strengthens community engagement.

Ormolus follows a straightforward tokenomics structure with a total supply of 1 billion tokens. A 4% buy and sell tax is applied to each transaction, with 2% of that tax redistributed to token holders and the other 2% used to support the ongoing development and maintenance of the platform. There is no transfer tax, which encourages liquidity and flexibility within the ecosystem.

The project is divided into four main phases, starting with the platform's launch and initial token distribution. Subsequent phases focus on expanding the ecosystem through the development of decentralized applications (dApps), building community engagement tools, and refining the platform for continuous improvement. As Ormolus grows, it plans to explore additional utilities, such as integrating staking features and introducing governance mechanisms, empowering the community to have a say in the future direction of the project.

Ormolus does not promise overblown features or capabilities but instead focuses on delivering a reliable, user-friendly experience for its investors. With its emphasis on sustainable growth and ETH rewards, Ormolus offers a practical solution for those seeking consistent returns within the Ethereum network. Through its phased roadmap and commitment to transparency, Ormolus positions itself as a project aimed at fostering long-term growth and decentralized financial participation.