OMG Network (OMG) Price

 OMG Network logo

OMG Network

OMG


$0.187448

-$0.0895308147 (-32.32%)

Past year

  • Volume (24H)

    --


  • Circulating Supply

    140.2M


  • Market Cap

    $26.03M


About OMG Network (OMG)

OmiseGo is a peer-to-peer network for financial transactions across multiple asset classes.

OMG Network  was described in a white paper published in June, 2017. OMG Network  aims to create interoperability between different asset classes such as fiat and cryptocurrency. It is a layer 2 solution built on Ethereum with several key components. The first is theOMG Network eWallet, which holds multiple currencies. The second is Plasma, a scaling solution for the Ethereum. The third is the proposed OMG Network decentralized exchange (DEX) that will allow users to exchange different asset types. The proposed OMG DEX will have a proof-of-stake consensus mechanism.

Launch date: To be announced. The OmiseGo eWallet has been released and is currently in public alpha.

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OMG Network links and resources

The whitepaper

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OMG Network website

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Frequently asked questions

OMG Network Token

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OMG is the digital asset token used to pay for services on the OMG  network. It is built on Ethereum in accordance with the ERC20 standard for tokens. OMG can be bought and sold for fiat currency or other digital currencies.

OMG can be stored in a crypto wallet and custodian like Gemini.

Learn more about OMG Network on cryptopedia

Ether Cryptopedia