5 Reasons to Buy OmiseGO in India
– It has a higher TPS (Transactions per second) rate than Ethereum.
– The OMG token acts as the fuel for the Plasma network.
– It leverages the technology and features of Ethereum.
– It has a market capitalization of more than $950 million.
– It has a maximum supply of 140 million OmiseGo coins.
What is OmiseGO?
OmiseGo was launched in 2013 and raised a massive $25 million in its ICO (Initial Coin Offering).
It started with a vision of providing access to financial services to everyone. Built atop Ethereum, it utilizes the L2 (layer two) features of the Ethereum blockchain. Omisego was rebranded to Omg network with the token as OMG that could also be staked for the rewards. It also allows for faster transactions, lower transaction fees, and financial services to the unbanked people.
3 Things to know while Investing in OmiseGO (omg)
– It allows for a faster and cheaper transfer of Ethereum tokens.
– It is a cost-effective method by providing lower transaction costs and low electricity usage compared to Ethereum.
– OMG is the native utility token of the OmiseGo network.
To buy OmiseGo directly, you can engage in a P2P (Peer to Peer) trade. Decentralized exchanges, or DEX are an option that connects you with a seller or you can buy this cryptocurrency directly from someone you know. The catch here is in the functionality of these decentralized exchanges that can make your process tiresome as well as it is difficult to find a trusted seller that can provide you the cryptocurrency. Therefore, this route is suited only for pro traders.
If you are new to cryptocurrency, you might want to take the simplified route and Download CoinSwitch Kuber!
You can buy OmiseGo in just 4 steps on CoinSwitch Kuber:
- Open CoinSwitch Kuber, click on the Market tab from the bottom navigation, and select OmiseGo.
- Click on the ‘Buy’ button.
- Enter the amount that you would like to buy OmiseGo for, say ₹100, and click on the ‘Preview Buy button
- Check all the details of your order and proceed by clicking ‘Buy.’
Congratulations, you just bought your first OmiseGo!
There is no specific price to purchase any cryptocurrency because of the changes and developments being done on a regular basis. With even a small change, the price could increase significantly, making you regret not buying at lower prices.
Instead, you can invest small amounts periodically and balance the opportunity and risk. Start investing in OmiseGo for as low as ₹100
There is no clock ever made that shows the best time to invest in cryptocurrencies. If you are someone who looks for the prices to dip and then buy at the best prices, you are missing out on the prospective returns.
You can start with small amounts and use them over a period of time; however, you can always choose to invest a lump sum amount when OmiseGo (OMG) is available at lower prices.
OmiseGo could be bought on a variety of platforms but what differs is the experience and process that can be a tiresome job. Some platforms will allow you to buy it with just a single click, while some will make it a hectic task.
The cryptocurrencies apps that are available in the market are complex to use and can make your buying experience horrible; however, CoinSwitch Kuber provides complete peace of mind by allowing you to buy cryptocurrencies with ease.