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What is Open Monetary System?

OMS is an Ethereum based elastic supply token designed to rebase (inflate/deflate) supply through automated distribution proportional to percentage of supply held.

Full description of Open Monetary System

OMS is an Ethereum based elastic supply Token (?) designed to rebase (inflate/deflate) supply through automated distribution proportional to percentage of supply held. Designed to be balanced against the USD, the issuance is always correlated to the USD denominated price at a given point in time. OMS provides the base token for the ecosystem and will provide utility through being traded as a pair to assets in the OMS Asset Index.
  • Exchange symbol (?): OMS
  • Cryptocurrency type (?): Token (?)

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 Source: NOMICS