OmiseGO is an Ethereum-based financial platform that may be used with popular wallets to facilitate real-time peer-to-peer asset trading and payment services in undeveloped nations. OMG enables users to transact in both digital and fiat currencies. OmiseGO is intended to address a fundamental flaw in the present financial system: the lack of coordination between payers, payees, payment processors, and financial institutions.
The founder CEO of OMG Network is Vansa Chatikavanij. Ethereum developers Vitalik Buterin and Joseph Poon collaborated on the white paper’s development. OmiseGo was rebranded as OMG Network on 1 June 2020.
If OMG Network bridges the divide between centralised and decentralised financial networks, the OMG coin may interest long-term traders.
OMG network has not yet launched an initial coin offering. OMG attracted investors because of Omise’s connections with firms such as Alipay and McDonald’s. 20% of the OMG coin supply was subsequently placed aside for future network expenditures, while 9.9% was set aside to pay the founding team. An additional 5% of the OMG supply was awarded to everyone who held more than 0.1 ETH in an Ethereum wallet.
OMG coin is the native token of the platform OmiseGo that allows users to transfer coins from one blockchain to another without the help of any traditional exchange.
Investors in the OMG cryptocurrency may be interested if they feel Omise’s existing relationships and technological vision will make the platform more appealing to other e-wallets.
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OmiseGO is an Ethereum-based financial platform that may be used with popular wallets to facilitate real-time peer-to-peer asset trading and payment services in undeveloped nations.
14 Cr. OMG
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