OmiseGO Price & Charts


Loading data ...

OmiseGo News

RSS Reddit

  • Brief Cryptocurrency Survey for Student Project. Input Appreciated! July 16, 2018
    Hello OmiseGo Community! I am a student working on a cryptocurrency project and could use your help! I have created a brief survey that will greatly help me gather the info I need to create something useful for crypto newbies & experts alike. Here is a link to my survey! Any input is greatly appreciated! […]
    /u/cxrpxntxr
  • Daily Discussion - July 16, 2018 July 15, 2018
    OmiseGO Daily Discussion Town Hall & AMA Updates 2018-01-31: OmiseGO Town Hall 0x1 2018-04-04: OmiseGO Town Hall 0x2 2018-05-30: OmiseGO Holiday Special AMA - Video 2018-05-30: OmiseGO Holiday Special AMA - Q&A Thread Official Guide to OmiseGO OmiseGO Official Guide Roadmap Roadmap Update Blog Post Staking Info If you have not already seen these blog […]
    /u/AutoModerator
  • Genuinely curious what you guys think. July 15, 2018
    A lot who know me knows OMG is my favorite project since last year. It’s been a steady 50% if not more of my portfolio. Recently with all the new Web 3.0 projects coming out and everything happening as far as scalability and privacy. I get a sense that OMG may not really be needed […]
    /u/Letitgrow24
  • Daily Discussion - July 15, 2018 July 14, 2018
    OmiseGO Daily Discussion Town Hall & AMA Updates 2018-01-31: OmiseGO Town Hall 0x1 2018-04-04: OmiseGO Town Hall 0x2 2018-05-30: OmiseGO Holiday Special AMA - Video 2018-05-30: OmiseGO Holiday Special AMA - Q&A Thread Official Guide to OmiseGO OmiseGO Official Guide Roadmap Roadmap Update Blog Post Staking Info If you have not already seen these blog […]
    /u/AutoModerator
  • OMG Network from 100TPS to 1 million TPS? July 14, 2018
    The following is an excerpt from the recent community update. Research into Plasma Cash is still ongoing but has been slowed as we’ve focused more of our efforts on shipping our initial iterations of the exchange. At this point in time, we think Plasma MVP is more suited for our immediate needs. Plasma Cash works […]
    /u/tousthilagavathy
  • Daily Discussion - July 14, 2018 July 13, 2018
    OmiseGO Daily Discussion Town Hall & AMA Updates 2018-01-31: OmiseGO Town Hall 0x1 2018-04-04: OmiseGO Town Hall 0x2 2018-05-30: OmiseGO Holiday Special AMA - Video 2018-05-30: OmiseGO Holiday Special AMA - Q&A Thread Official Guide to OmiseGO OmiseGO Official Guide Roadmap Roadmap Update Blog Post Staking Info If you have not already seen these blog […]
    /u/AutoModerator
  • Is OsimeGO [OMG] a good investment? Find out! July 13, 2018
    submitted by /u/toms99_ [link] [comments]
    /u/toms99_
  • eWallet Update 7/13/18: the “Take the ring to Mordor” edition July 13, 2018
    Howdy! We’re back for another quick update on this week’s eWallet progress. The focus for this week was to continue testing, refactoring and fixing bugs. We also took a good chunk of time to “evangelize” the eWallet inside Omise and OmiseGO by doing a demo to Omise’s sales team as well as an internal demo […]
    /u/omise_go
  • Community Update — July 2018 – OmiseGO Network July 13, 2018
    submitted by /u/anthle21 [link] [comments]
    /u/anthle21
  • Daily Discussion - July 13, 2018 July 12, 2018
    OmiseGO Daily Discussion Town Hall & AMA Updates 2018-01-31: OmiseGO Town Hall 0x1 2018-04-04: OmiseGO Town Hall 0x2 2018-05-30: OmiseGO Holiday Special AMA - Video 2018-05-30: OmiseGO Holiday Special AMA - Q&A Thread Official Guide to OmiseGO OmiseGO Official Guide Roadmap Roadmap Update Blog Post Staking Info If you have not already seen these blog […]
    /u/AutoModerator

RSS Twitter

What Is OmiseGo?

OmiseGo is a peer-2-peer cryptocurrency exchange platform using a wide range of e-wallet payment system, digital currencies, and other assets. The full integration and interchangeability of the payment system and exchanges, make it easy to send and receive money using their platform.
Their aim is not to dissipate energy in cryptocurrency or to become another bitcoin but to offer alternatives to exchange business. Another point to note is that all exchange transactions are decentralized(unlike traditional exchange transactions) and are stored on the blockchain. OmiseGo was built on Ethereum ERC-20 technology which is one of the best in cryptocurrency technology today.

For some of us who have traveled to countries in South East Asia, we know how cumbersome it could be to transfer money from one bank to another especially when the transaction involves two different countries.
A team of financial technocrats saw this problem and decided to establish a financial institution known as “Omise” that can help to solve the problem. The company provided a payment system for online companies in South Asia. The company started four years ago and received much patronage because of un-refined banking practices in that part of the world.
A few months later, a cryptocurrency arm of the organization called “OmiseGO” was launched and the company expanded to peer-2-peer transactions in the blockchain technology.

TEAM

The team consists of seasoned business technocrats drawn from different fields of human endeavors. They include Jun Hasegawa :Founder, Vansa Chatikavanij :MD, Donnie Harinsut: Co-founder, Wendell Davis :Product Designer and Thomas Greco: Special Advisor.

Practical Uses of OmiseGo

OmiseGo has been useful to many merchants especially in transacting businesses locally. Below are some of the uses:

  1. OmiseGO is used to send remittances across borders.
  2. Loyalty points: You can get loyalty points which you can convert to the token by taking part in promotional programs.
  3. Mobile banking: OmiseGo has helped under-banked regions to send and receive money using their mobile phones at the comfort of their homes. Many families can now receive money from their loved ones with ease.
  4. Asset tracking: If your assets are registered in OmiseGo blockchain system, it can be easily tracked in case of loss or theft.
  5. Digital gift cards: You can easily exchange your digital gift cards with OmiseGo tokens.
  6. Tokenized fiat: OmiseGo token can be easily swapped with fiat currency under a stable market price.

Mining

OmiseGo is wallet based application and is pre-mined and cannot be mined directly as of this time of writing this report. The only way to mine it is through Ethereum ERC-20 token, and the reward will be transferred into your OmiseGo wallet.

I want to believe you have little idea of a mining process but below is a summary.

When a cryptographic problem is solved, the miner who got it solved will be rewarded with a token for adding blocks to the blockchain. The miner or team of miners will be rewarded with a given amount of the token based on the fixed price. Anyone can mine as long as your hardware meets the requirements and you have the technical knowledge to execute such task. People use different methods to mine, and two most commonly used of recent are Cloud mining and mining pool.

With cloud mining, all you need to do is to connect to the datacenter and use the shared power to mine. You don’t need a physical hardware to mine.

With mining pool, you join a group and whatever reward got is shared based on everyone’s contribution to getting the cryptocurrency problem solved.

Notes For Investors

OmiseGo OMG is relatively new on the market, but the performance keeps re-assuring one that, investing in OMG is a good investment. From the inception in August 2017 when it started at a benchmark of $1.30/OMG, it has risen to $8.14 as of November 2017.

MUST READ!

This incisive report about omiseGO should not be seen as an endorsement to invest in omiseGO. Cryptocurrency investment is speculative and unpredictable, and it involves risks. The market is full of uncertainty, susceptible to attack and capital loss. There are many parameters one needs to check before investing. Don’t invest only based on what you have read here, but invest based on the fact that, you have sought advice.
I wish you success!