With the same name as the new variant of the coronavirus, the cryptocurrency Omicron caught the attention of investors – as the virus mutates in the world -, valuing more than 900% in the last three days.
It is noteworthy that, despite the name being the same, the digital asset has no relationship with the coronavirus.
According to the token creation website, the cryptocurrency – created on November 8th – will be used to build a decentralized system on the Arbitrum network, a technology created by Offchain Labs, a company that develops scalability solutions for the blockchain ethereum, capable of settling transactions at lower costs.
Crypto Omicron is a fork, independent project based on code from an existing project, by Olympus, the group that created the OHM token, a cryptocurrency consisting of a basket of digital assets such as DAI and FRAX.
So far, Omicron can only be traded on the SushiSwap decentralized exchange, which uses digital contracts, or programming codes, to create markets for various tokens.
With the sharp rise in recent days, the currency operated in decline this Monday. At around 1:44 pm, BrasÃlia time, the Omicron cost US$ 324.61, a 17% decrease compared to its value the day before.
Last Friday (26), the WHO (World Health Organization) named the B.1.1.529 strain of the new coronavirus as Ômicron.
Reference: CNN Brasil
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