Welcome to the What Is OMBCoin? Blog Last modified 2021-07-22
OMBCoin is a digital currency used by the platform OnMyBubble.com. OMBCoin is also a digital asset in that it is a store of value. However like all digital assets, the price, or rather the exchange rate, from cash to coin, fluctuates, and so is volatile. We expect that over the long term the OMBCoin holdings, will act as an inflation hedge.
This is probably because the OMBCoin is supported by the intrinsic value of a basket of underlying risky technology sector assets. OMBCoin is ideal as a currency because it is transaction free. Meaning that the OMBCoin can be used to pay for services and goods sold on the OnMyBubble.com platform.
The OnMyBubble.com platform is a social network and gaming platform. Members who sign up for a free account on the platform can purchase game tokens for cash, using Paypal. OnMyBubble.com uses an integrated Paypal processor to checkout of OMB Online Stores.
Game tokens are held as a cash balance. The cash account can be used to purchase OMBCoin. Once OMBCoin is purchased the cash balance is reduced to reflect this and the OMBCoin balance is increased by a factor of the exchange rate. Once the OMBCoin balance exceeds the deminimus level for making gamer subscriptions, users can visit the pages of game hosts and can subscribe to games or gamer content.
All OMBCoin transactions are recorded by the system which lets users and creators track OMBCoin earnings and OMBCoin expenditure by game and creator. OMBCoin account balances and cash token balances also track transactions in more detail. OMBGamers can subscribe to hosted games which is a way to support the creators who design and publish games on the platform.
OMBCoins can be bought and sold using OnMyBubble.com. Once OMBCoin is sold, the OMBCash balance will reflect the proceeds, at the prevailing transaction rate. Cash withdrawals can then be requested. There may be a time delay for clearing and payment to your PayPal account.
Only game publishers can withdraw funds from game earnings profitably in the short term. OMBCoin earners will not pay for coin, so selling the coin will generate cash revenue. However short term purchases are unlikely to be profitable as a trading strategy because of the exchange spreads. This is why it is specifically intended to attract gamers who wish to support creators and creators who wish to host and publish and market online games.
This is done by exchanging coin for cash at a prevailing exchange rate. The Buy and Sell OMBCoin rates reflect the underlying value of an asset, which is closely linked to the technology sector.OMBCoin is a digital currency. It is not mined using Blockchain algorithms like Bitcoin. But it retains some of the qualities of a cryptocurrency as it has some of the features of a distributed ledger, in that it is a currency hosted on a social network, so all transactions are by definition distributed across accounts. A payment of OMBCoin by one user, is reflected as income for a different user.
This means if a user tried to increase their OMBCoin earnings and or coin or cash balance the other side of the ledger double entry would not balance. The hacker would technically have to hack two accounts to make the double entry work. This would alert the user who's account was hacked, and the user would be able to report the error. The system also checks the ledger for errors in the balances and so would alert treasury to freeze any suspicious balance alterations. Such alerts prevent the withdrawal of funds from the account. No system is perfect of course but it is likely to be at least as safe as any other online system. They all have their weaknesses and strengths.
We do not recommend short term trading in any digital currency. OMBCoin like any digital asset is very new and the price has not yet found a baseline. To discover how the OMBCoin wallet works simply open an account, it is free. and either earn coin by hosting content, that you encourage fans to subscribe to, or fund your account and exchange your cash balance for OMBCoins.
Once your OMBCoin account has a balance you can subscribe to any game. This transfers OMBCoins from your OMBWallet to the OMBWallet of the creator hosting the game.
Creators do not have to be developers. Working games can be purchased from the Marketplace or from any other developer and uploaded to the OnMyBubble.com platform.
Publishers or creators are marketing games and other social content to subscribers. If you are an influencer or online marketer and you have a fan base or you are working to build one, and you are interested in generating OMBCoin earnings, then simply sign up for an account and encourage your fans to do the same.
It is probably best to create your account then build your OMB profile using content created specifically for this platform by you. Start inviting your loyal fans, and generating conversations.
Add products and games, and when you are ready to receive subscriptions, spread the word that you are using OnMyBubble.com and invite your loyal followers to join you on the system. This way fans can get exclusive access to your content and is an ideal way for them to support you.
Content that you create with OnMyBubble.com will appear in the search engines. So you are advised to be cognisant of SEO principles. The best advice is to write with your users in mind. If they like your content and it is helpful interesting and entertaining, then Google and Bing and Yahoo are likely to rank your content high the the search results.
Each blog page, like this one, that you add to your profile, will add credibility to your account.
As your articles, games and conversations acquire views, likes and comments, then you will be viewed far and wide because the search engines are always looking to serve up useful content to their users..
There is always the option to advertise your content which appears with OnMyBubble.com on any social media platform that you feel will help drive traffic to your pages. We suggest when just getting started that you resist the urge to spend too much, but trial and testing on a small scale is probably a good idea.
You can also advertise on the OnMyBibble.com platform itself, however unless you have an audience on this platform, this might not work for you. Display advertising is possible subject to commercial negotiations and is available on a Pay Per Click Performance Basis.
A better option is to use your social media followings on other platforms to drive loyal fans to your income generating Gamer Assets OnMyBubble.com. If you get stuck there is always someone there to help you navigate this new platform which can be a bit clunky but once you get the hang of it you will be fine.
Hello! Looks like you’re enjoying articles OnMyBubble.com. This article is free to read but you haven’t signed up for a free account yet. When you ’create a free account', we remember you, so when you ’Log In', you will always come right back to your personal profile page, with notifications and private messages, whenever someone replies to you. As a member you can follow / friend other members, post messages and comment on those posted by others. Members can even send private messages to individuals and groups.
Professionals and Business owners might also be interested in writing articles or promoting services or products, OnMyBubble.com pages reach readers in 110 countries globally and there are no listing fees for listing your products and services on your Free Online store. You only pay a sales commission if you make a sale on the platform. Your FREE Online Store is created automatically once you signup and a real person will always be available to help you list your products. Our stores are capable of delivering digital downloads so you can sell information products, games, tickets and more.
Advertisers who are fed up paying for non performing promotions on mainstream social media will be interested to know that we operate a strictly Pay for Performance (PPC) Pay Per Click service using bundles. So advertisers can simply decide the value of a click referral and only pay what the referral is worth (subject to negotiation). We operate a PayPerClick Tracking System that "Amortises" the Cost of a Bundle over the Number of Clicks. This ensures Advertisers only ever pay a fair price for clicks or referrals to their site.
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What-Is-OMBCoin
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