What is OmiseGO (OMG)?
OmiseGO (OMG) is a public Ethereum-based financial technology for use in mainstream digital wallets, that enables real-time, peer-to-peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies.
OmiseGO (OMG): History
OmiseGO (OMG) is a startup by Jun Hasegawa and Donnie Harinsut, the founders of the already operating company Omise, which was founded in 2013, in Bangkok, Thailand. OmiseGO’s initial coin offering (ICO) in 2017 raised over USD 25 million, turning down over USD 100 million in the process, and is currently the 3rd highest market cap ERC20 cryptocurrency token in the world, valued at over USD 2 billion (however this valuation fluctuates due to volatility). The core team behind Omisego consists of Jun Hasegawa, Donnie Harinsut, and Vansa Chatikavanij.
Roger Ver and Vitelik Buterin are among the advisors of Omisego.
SBI Investment, SMBC, SMDV, Ascend Capital, Golden Gate Ventures are among the top investors of Omisego.
How does OmiseGO (OMG) work?
Omisego utilizes the Ethereum network to work. It provides different financial institutions to build their own wallet. This wallet works just like another digital wallet but with the notable expectation that this is made atop blockchain network.
User X, a client of Y digital wallet provider system, can use the digital wallet, built using Omisego. When transacting, he or she needs to send a command containing the wallet address and the amount of being transferred. This data will go to the Omisego Digital Wallet infrastructure through the Omisego API which is integrated into the wallet. The wallet then passes it on to the blockchain network. Once it reaches the blockchain, it will be mined and transferred like a regular cryptocurrency.
OmiseGO (OMG): Unique Features
OmiseGo will create a platform for managing fiat/cryptocurrency/other assets with its powerful wallet Software Development Kit. OmiseGo builds a liquid on-chain decentralized exchange and off-chain payment network to make its ecosystem work. OMG tokens will be a native currency of the OmiseGo blockchain. The OmiseGo will solve a lot of problems, including settlement time, fees, transparency, security, finality. OmiseGo has its Proof-of-Stake blockchain with validators and other important variables of POS networks. The exchange in blockchain is decentralized and uses liquidity provider. The block chains are permission-less. The wallet is a white label wallet which enables implementation by various companies across industries. The wallet has benefits like facilitated top up over the counter, direct debit, virtual cash card and credit cards and prompt settlement.
How to buy OmiseGO (OMG)?
For every coin purchase, you will need a wallet to keep your trade safe. You can buy OmiseGo (OMG) from CoinSwitch .co. They provide the best exchange rate for conversion. The other way is that buy some Ethereum from sites like Koinex or any other India platform and transfer it to Binance. Then, simply, convert it to OMG there.
OmiseGO (OMG) Price Prediction 2018
Omisego is one of the trending cryptocurrency gaining investor attention because in just one month Omisego prices changed by USD 10 at the beginning of the December month and in end of the month it was USD 21 with 110%. Omisego was launched as low priced cryptocurrency with USD 0.52 observed on 21 July 2017 which is nearly six months ago and now price is $20.45 and a market cap of $2,086,494,669. It has a current supply of 102,042,552 OMG and a volume of $134,808,000. Omisego report is amazing and now talking about Omisego in 2018 then on February it will be expected to touch USD 30 and end of 2018 it will cross USD 100 mark by maintaining 100% peak rate. If you invest $100 USD right now and if the prediction comes out true then it will be nearly $1K USD. So the users don’t want to wait for more. Altcoin News: OmiseGo (OMG) altcoin news, OmiseGo (OMG) altcoin mining, OmiseGo (OMG) altcoin price, OmiseGo (OMG) altcoin market cap, OmiseGo (OMG) altcoin exchanges, OmiseGo (OMG) Altcoins price today, OmiseGo (OMG) price chart.