Should Tixl launch a beta version of the Autobahn Network?

Other projects launch anything, anyway - and make money!

Lately, other than Tixl, I've been watching another project: ECOMI. It called my attention because it is an NFT crypto and the team seems to be very good in securing partnerships with brands such as "Back to the Future", "DC" (where they launched Batman and others as NFTs) and there is a huge talk they will get Pokemon too.

A little more about ECOMI

ECOMI is the company. Like Tixl Org. They created their token: $OMI. Like Tixl created $TXL.

They built their product: an app called Veve where people can buy and sell NFTs. They launched this app in a Beta version, and it works. That is their sales pitch: "we have the app where you can buy/sell and store your NFTs". People who want to buy NFTs just need to put their credit card. Very easy for the user.

Analyzing a little deeper: the $OMI token was built on top of the Gochain blockchain. I don't know it but I understand that transactions here are quite cheap and that is all I looked into. The NFTs are built on top of the $OMI token.

How does one buy $OMI and how does one buy an NFT on Veve?

$OMI is available in only a few Exchanges like Bitforex. You won't find it in any big Exchange. Why would that be? They recently listed on Uniswap - yes, they had to bridge from Gochain to Ethereum.

To buy an NFT, you have to buy something called a GEM. I'm not sure but I think the ratio between US$ and GEM is 1:1. So, if you want to buy a US$ 50 NFT, you first have to buy 50 GEMs and then use them to buy the NFT.

ECOMI's Marketing approach

Everyone noticed how NFTs suddenly became the subject of the moment. We started hearing about digital art being sold for millions of dollars!

I don't know how much ECOMI's team has participated in creating the hype. They were very good at riding it though: many Youtube influencers talking about it too. I even watched a commercial on Youtube and in the App Store!

They launched their app in Beta version

I find that very aggressive. The app doesn't have all the features ready. In reality, all you can do there is spend money, buy your NFTs, put them in the vault and post them with augmented reality (the appeal of this is really good). A huge feature, the marketplace, is not yet available. More on that later.

However, it is very clear how committed the team is to increase the price of the $OMI token. About 2 months ago, it was worth less than $0.002. It went up to $0.10 in a very short period of time. There was a lot of FOMO and it topped at $0.013 more or less.

Then they made some strategic moves:

1. Listed on Uniswap - the idea was to make their token available to everyone who accesses Uniswap - however, with ETH going crazy, fees became so high that nobody actually wants to buy OMI there. For me, this is a rookies mistake - makes me think "this team is all Marketing and nothing technical".
2. Announced to the world that the founders vesting period is ending in weeks from now (or already has ended) - they have to disclose this kind of information if they want to maintain their credibility - but the point is that they won't disclose what their plans are.
3. They are flooding the market with their NFTs - first the well known ones, that everyone knew and wanted - people would buy them and try to sell them hours later for 3x to 10x gains. Now, people are complaining that they are not able to sell the unknown ones and the old ones... well, their hype is not as strong as before, so they are not selling anymore. People who sold their NFTs immediately after they bought them made good money. The ones who held don't know what to do with them.
4. The marketplace feature is what the users should use to sell their NFTs but it is not ready. People are selling their NFTs directly, after all, that is what you want to do right? The point is, if you sell your NFT via marketplace, they will burn the equivalent value in OMI tokens - they did that to generate scarcity - but minted 750 billion tokens, so I guess they won't become very scarce so soon. If people transfer tokens out of the marketplace, they are not able to burn OMI tokens.
5. The app they developed is very good in collecting money from people to buy NFTs but it won't let people get rid of their tokens for money
1. You have no idea what the ratio is from GEM to/from OMI. My point here is: you have to spend money to buy GEMs. Then you wait for an NFT drop where 100% of the NFTs were sold in minutes. Their infrastructure was not ready for that so many people couldn't even access the drop and buy the NFT they wanted. As a result, I don't know how many people have GEMs locked, didn't get their NFT and are not able to convert the GEMs back to fiat. And when they complain, they get the "we said this is a beta version" card
2. ECOMI is most likely using this money to finance all the Marketing they are doing
6. The marketplace feature is available to "some" users - so some people are able to sell and buy NFTs to/from others. And they might be making money while people are in the hype of "any NFT is worth". The latecomers, they were able to buy NFTs but aren't able to sell. And if they complain - well, the "Beta version card" is used again.

What's going on now

People expected $OMI to go up from $0.13 to $1.00 right after they got listed on Uniswap. What actually happened was that it went down. First to $1.10, then to $0.90 and now it is less than $0.60. Now everybody is crying.

And that is not the bad news! The bad news is that I see no prospect for them to grow. I mean, really grow! Their market cap today is $780M. It was over $1.5 Billion 1 month ago! Do you believe they have what is needed to get to $100 Billion?

And we have to ask ourselves: why so much Marketing? Why so much emphasis on appreciating their token? This brings me back to:

• Are the founders cashing out?
• Are they using the money they collected for Marketing?
• Does the team have an actual plan from the technical point-of-view?

Can we compare OMI to TXL?

In my opinion, NO. But we do. All the time!

And the first comparison is always: OMI went 10x and TXL did nothing.

Since we started this comparison, let's go further into it.

Marketcap

OMI has a $780M market cap today - they minted 750 billion tokens. They say 150 billion are circulating today. That is a lot. People might say that many tokens will never reach the market because they are being burnt. But really: how long does it take to burn 50 billion tokens? The team has 150 billion token for themselves and another 150 billion for business development. And an extra 300 billion as reserve.

People talking about a $1.00 would send OMI's market cap to US$ 750 bi. More than 2x ETH!

TXL's market cap today is under US$ 20 Million. So I think there is space to grow. They minted 900 Million tokens and recently burned 300 Million as they won't be needed. Founders hold 45 Million tokens in their wallets and can only sell 1% of them per month starting in June, so they won't be able to cash-out fully until 2029.

The Product

Compared to Tixl, Omi's project is super simple and that's why they "can afford" to launch in Beta version. But you see, the people are starting to notice and are not buying this crap anymore. They don't seem to know that much about technology. They know how to close agreements and design. But listing on Uniswap when ETH was surging? Not being able to scale their app because suddenly 250,000 users started to use it?

Tixl is an infrastructure for crypto projects. That is one of the reasons why Autobahn is such a good name. For the ones that don't know, the Autobahn in Germany are the highways where there is no speed limit. You may find cars speeding at almost 300 km/h or over 180mph. If the car can do it...

Imagine the quality this highway must have. Can it have imperfections? Imagine the builders say "Hey, we're launching the super highway. It is not completely ready, missing some guardrails, and in some spots the asphalt is not perfect, but you can drive here over 250 km/h". NO. They don't launch a beta version because people will crash and die!

Tixl is the kind of "product" you market when it is ready! Or when the problems it might have are such that they won't affect your future image. The Autobahn Network is a Level 1 solution and OMI should be using it to have speedy and cheap transactions and talking to other NFT solutions.

The Marketing

ECOMI decided to market a product that is almost ready and they could be using money they are collecting from the NFT sales. I don't know, but they are spending a lot of money on something that has problems that already has affected their image. And they are doubling down! They talk to their community on a daily basis and now they say: you are the pioneers, nobody except you, will have the Series One NFTs.

TIXL started to market now. Very slowly because the product is not yet ready. Getting in touch with the influencers, Exchanges etc is Marketing. You put everything in place to go in stronger when you really need it. First thing is to get the project known by the people and companies who will sell it. That takes many hours of meetings and presentations. And not much money. That will come later.

My conclusion

I don't even know if ECOMI will survive. And by their founders behavior, it seems like they want to hype to cash-out. It is possible that I'm wrong and that I'm not being fair to them. But it is my impression. And really, I don't see their project being worth more than $50 billion ever. But hey, that is 50x from where they are today.

On the other hand, I see TIXL as a project that is worth more than $50 billion. Keep this in mind: $1 billion is 50x on todays value!

Ask yourself what you want: a project that could give you a max 50x return or a project that can give you at least 50x return? I prefer the latter.

As a community and very early investors, we should help the Marketing team. And our role is not to create huge campaigns or anything, We are the little pawns. Try to contact 1 influencer every 2 days: 

• make a comment on their latest YT video every time they post a new one
• Contact them via their site
• Do anything to call their attention to TIXL

The Marketing team is in touch with many of these guys. If we do what I say, they might just be more interested in talking to the team! This is how we can and should help them.

We are also responsible for the projects success. Let's stop whining and and go to work! We will all gain!