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OmiseGO (OMG)

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OmiseGo (OMG) is a cryptocurrency made by the parent company Omise and co-founded by Jin Hasegawa and Donnie Harinsut in 2017. It is a decentralized blockchain project that is a next-generation financial network, open payment platform and decentralized economy. 

OmiseGo is aiming for financial inclusion for everybody as well as interoperability. Created by Omise, a South-East Asian venture-backed payments company, the team over at OMG have managed to create a decentralized bank, exchange and asset-blockchain gateway. The cryptocurrency project launched with a successful Initial Coin Offering (ICO) which had raised around $25 million in 2017.

OMG uses a Proof-of-Stake consensus mechanism that rewards stakers that hold OMG in their wallets to secure the network. OMG is said to be the first cryptocurrency that will implement the Plasma technology created by Joseph Poon. Plasma is an Ethereum-based scaling solution that will aid in the Ethereum network being able to process thousands of transactions per second (TPS). Currently, Ethereum can produce around 25 TPS, therefore the research conducted by OMG in implementing Plasma into their blockchain will be paramount for Ethereum moving forward.

Although the core team of OMG is very strong, their advisory board includes cryptocurrency titans such as Joseph Poon, Vitalik Buterin and Gavin Wood - very well known cryptocurrency figures. Furthermore, the Omise and OmiseGo team have managed to secure some high profile partnerships over the course of their time. One of their most compelling partnerships was with McDonalds back in September 2017, who partnered with Omise to be its exclusive payment gateway for their Thailand McDonalds website. OmiseGo has also been involved in discussions with the Thailand Finance Ministry and The Central Bank of Thailand with regard to digital currency and cashless societies.


This Will Be The Most Explosive Move In The History Of OMG Network (OmiseGo)

4 Jul 2021 2 minute read 0 comments moon333

  Hi friends, hope you are well and welcome to the new update on OMG Network (OMG) token. Different support and resistance levels:From December 2020 to May 2021 the price action of the OMG network was very strong bullish . Finally, in May 2021the OM...

OMG/BTC Weekly Chart = Point of Maximum Financial Opportunity?

16 May 2021 1 minute read 0 comments Crypto Daily FX

Gonna keep this one short.    The OMG/BTC weekly chart shows OMG is near the bottom of its price range, barely above its all-time low in 2020. Following the massive 2018-2019 bear market in which most altcoins retraced 90-95% (or more), OMG indeed bo...

What is OmiseGO (OMG)?

3 Mar 2021 2 minute read 0 comments nervi

I think everyone will agree that Ethereum's scalability as of today is something that leaves a lot to be desired. This problem is not easy for the Ethereum community to solve. OmiseGO hopes to solve this problem. Or actually OMG Network, since it has...

Layer 2 Solutions for Ethereum – How Do They Work?

10 Feb 2021 3 minute read 1 comment GetBlock

For many years the smart contract platforms have been drawing a lot of attention from developers, businesses and governments. They have a lot of potential applications in various fields: registries, finance, healthcare, supply chains, gaming. Howeve...

OMG ⁉⁉⁉👀😲 What is the OMG Network token?

7 Jan 2021 2 minute read 2 comments TrocProcLock

I was looking through the CoinGecko list of tokens and came across "OMG". I thought to myself, "this has to be a joke token right?'. Turns out I was wrong. I wanted to dig into this token and let you all know of yet another cryptocurrency that is out...

Portfolio 2020 Update: I see you alone ... and a lot of Sh*tcoins!

5 Jan 2021 2 minute read 37 comments PVMihalache

Many years ago, I went to a fortune telling session. The gypsy mystic told me that my future is disturbingly sad! This is how the story of the shitcoin symbiot begins. This alien creature slowly took control of my wallets and infested good crypto and...

Boxing Day Sale is on for these cryptocurrencies!

27 Dec 2020 1 minute read 0 comments crypto_moose

    Who doesn't like a good sale on cryptocurrencies? Well with the current forward momentum in to bitcoin as it continues to make newer all time highs many altcoins have tumbled in price and present a great opportunity to buy or to add to your stas...

What's OmiseGO?

26 Dec 2020 1 minute read 1 comment Hephaistos

OmiseGO is a decentralized financial cryptocurrency based on a payment wallet linked to the Ethereum blockchain, abbreviated as OMG (Oh My God). Its motto is "Unbank The Banked" and it was launched in 2017.The purpose of OmiseGO is to allow its users...

OMG Network Gets Acquired by Genesis Block subsidiary

7 Dec 2020 1 minute read 1 comment Abhimanyu Krishnan

Genesis Block Ventures, a subsidiary of Hong Kong based over-the-counter firm Genesis Block, has purchased OMG Network (OMG) for an undisclosed amount, according to an official announcement published on Dec. 3. GBV made the purchase with DeFi in min...

OMG 50% in just a week (Crypto-Pick)

25 Nov 2020 1 minute read 0 comments Goodsoul

An all new Crypto-Pick,  OMG-Omisego I have been following OMG since its start in 2017 It hit the market at around 20c than doubled to 40c within days. From there OMG only seemed to know one direction... Up Than February of 2018 came along and many,...