Read OmiseGO (OMG) News, Price Prediction, Opinion and Analyses Created By Users

OmiseGO (OMG)

61 Articles 6 Followers

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.

 


Celsius Network - OMG, I'm two weeks in!

15 hours ago 2 minute read 0 comments HaOm

Salutations to all, On the 14th of September I wrote a post about the Celsius Network. Having stumbled upon Celsius as a result of my recent acquisition of the OmiseGO ($OMG) token. I made a decision to hold onto my newly acquired tokens and proceede...

OMG's Layer 2 scaling solution that’s reducing the transfer cost of USDT in Bitfinex Exchange

17 Sep 2020 1 minute read 0 comments Greenchic

Image source One tends to wonder if there is any Ethereum Layer 2 solution available that can be implemented by Exchanges, wallets, dapps, custodians that would reduce transaction cost and validation times for transfer of value in the Ethereum Netwo...

Celsius Network - "Get your crypto's worth!"

14 Sep 2020 4 minute read 1 comment HaOm

So, many of you may or may not be familiar with the Celsius Network. Here is an extract from the "about" page on the Celsius website. "Celsius is proud to provide a platform of curated services that have been abandoned by big banks – things like fair...

OMG Network (OmiseGo) Formed Another Bullish Reversal Move

13 Sep 2020 3 minute read 1 comment moon333

Hey, friends hope you are well and welcome to the new update on OMG token. Recently the price action of OMG has started the correction rally after a massive bullish wave of more than 1000%. So in today's article, we will try to understand that whethe...

Omisego (OMG) Price Prediction

9 Sep 2020 1 minute read 0 comments ChangeNOW

OmiseGo, or OMG, as its short form goes, is a cryptocurrency that follows a decentralized trading format. It works as a white-label wallet and has been built on the Ethereum blockchain by Omise. Omise is a financial services firm based in Thailand. A...

Syndicate Report: OmiseGo (OMG)

3 Sep 2020 1 minute read 0 comments Keegan Francis

OMG was sold through the crypto.com syndicate program on August 04/05, 2020. Total Syndicate Contribution CRO: 80,456,249.94 USD: $13,859,934.28 Oversubscription 57.8x Oversubscribed My Syndicate Contribution CRO: 30000 USD: $5,168.00 Refund CRO: 2...

OmiseGo (OMG) Crypto Project | An open financial infrastructure for all

29 Aug 2020 1 minute read 1 comment NassiroV

OmiseGo is a decentralized open source protocol that allows cryptocurrency transactions through a digital wallet. The objective of the project is to create a huge peer-to-peer network to cross all blockchains and all existing payment systems. This wo...

Is Now The Time?

27 Aug 2020 1 minute read 0 comments pssyEatnPreacher

BAT, among other crypto, have been on a DECLINE the last couple of days. Looking at the graphs using the week view we see a decline in cost/value, and if the patterns are correct we should see a climb in cost/value once again.   Now that does this me...

OMG Network Surged More Than 1000% But This Is Just A Beginning Watch How This Setup Will Make OMG Biggest Gainer 2020

27 Aug 2020 4 minute read 4 comments moon333

Hey friends, hope you are well and welcome to the new update on the OMG network. Before moving to the OMG live chart I would like to show you some of my previous prediction based on the harmonic patterns after watching these charts it will be easy fo...

(Event Over) Get OMG at 50% off

26 Aug 2020 1 minute read 3 comments scythenoz

Half a million dollars worth of OMG Network is going on 50% sale at Crypto.com's Syndicate on 1 September 2020, 06:00 UTC. How does the Syndicate work? The Syndicate is a fundraising platform for the most promising crypto projects to list their coin...