Price prediction for OMG cryptocurrency. Cryptocurrency OmiseGo (OMG) - an innovative product with great prospects. Omg to dollar exchange rate chart online

Alexey Russkikh

OmiseGO cryptocurrency is a token of a decentralized digital money exchange service based on Ethereum. The platform provides for a liquidity provision mechanism and a messaging network through a clearing house.

Essentially, this project challenges all financial markets, exchange services and payment gateways by creating a scalable peer-to-peer exchange system. This allows an exchange to be decentralized using multiple blockchains directly without a trusted gateway token.

Objectives of the blockchain project

OmiseGO is the company that created financial technology for use in conventional digital wallets. This technology allows real-time exchange and transactions based on a peer-to-peer network.

OmiseGO's goal is to develop financial activities that challenge the existing established system. In simple terms, omisego wants to make transactions and exchanges faster, cheaper and more convenient, regardless of whether we are talking about fiat money or cryptocurrencies.

History of creation

OmiseGO or Omise appeared in 2013. The venture-backed company operates in Thailand, Japan, Singapore and Indonesia. It also has plans for rapid expansion in several other countries in the Asia-Pacific region.

Forbes Thailand selected Omise as the winner of the Rockstar Fintech nomination in November 2016.

Some of the key investors in the project:

SBI Investment;
SMBC;
Ascend Capital;
SMDV;
Golden Gate Ventures;
East Ventures.

The company is led by CEO and founder Jun Hasegawa. Donnie Harinsut holds the position of Chief Operating Officer and Co-Founder.

Omise has a long roster of advisors including Vitalik Buterin (Ethereum Founder), Dr. Gavin Wood (Ethereum Co-Founder) and Julian Zawistovski (Golem Founder) along with other experts in the cryptocurrency industry.

Main characteristics

Omisego's creators seek to disrupt the current method of buying and selling cryptocurrencies on exchanges by linking existing wallets to OmiseGO's central chain, through which users can quickly and easily exchange and transact coins. Among other services, it stands out for such features and characteristics as:

decentralization;
simplification of the exchange procedure.

Today exchanges are centralized services. This means that databases containing all transactions performed on them are stored on a server (or a group of servers) owned by the owners of the marketplace, along with all data (personal information about users, scanned passports or driver's licenses).

OmiseGO offers the functionality of an exchange, but with decentralized transactions that are stored on a blockchain. This protects them from potential hacker interference. For hacking, it will not be enough to penetrate one of the network nodes. It will be necessary to gain access to the computers of all users, which makes the possibility of third-party penetration almost unrealistic.

Not all exchanges offer customers the ability to exchange fiat money for cryptocurrency and vice versa, and also do not include some coins in the list of trading instruments. This limitation forces users to make a lot of unnecessary transactions and spend more money on commission transferring funds from one trading platform to another.

OmiseGO avoids this. It doesn't matter if we are talking about exchanging ETH for USD or ETH for BTC. The whole mechanism and size of the commission remains unchanged. All exchange operations are carried out by direct conversion with a minimum commission. Omisego acts as a peer-to-peer decentralized exchange system based on block technology.

The system uses, within its consensus rules, as well as off-target methodologies to support scalability and decentralization.

How OmiseGO works

The omisego ecosystem consists of two main products: blockchain and wallet. The platform offers the possibility of decentralized exchange on a public blockchain with high volumes and low costs. It provides next-generation services for securing transactions of various cryptocurrencies and digital assets.

Anyone can use the omisego network connected to the main Ethereum network to carry out transactions. The list of available financial transactions includes: asset management, payroll, supply chain control, trade, loyalty programs, and more.

The platform also facilitates the participation of millions of users in the development of the digital money space. They will be able to easily move from using traditional funds to decentralized currencies such as ETH, BTC, etc.

The ultimate goal of OmiseGO is to create an atmosphere of ideal competition in the world of cryptocurrencies.

Features and functions of the omisego blockchain

easy access;
scalability;
safety.

The platform blockchain has the following main functions:

decentralized exchange;
liquidity delivery mechanism;
messaging network;
block gateway with assets;
scalable and public blockchain;
Proof-of-stake (PoS) competition, directly related to actions in the chain itself;
a high-performance system that uses an interconnected blockchain;
clearing and settlement through the omisego blockchain.

Features of the OmiseGO wallet

OmiseGO has a white label wallet (SDK). This means that companies can implement it in different ways in different areas of activity. This wallet allows you to trade fiat currencies freely alongside digital ones.

The wallet provides access to the payment gateway of the service and various methods of replenishment, including in real time and with the ability to use bank cards.

Using the SDK, companies can create their own projects or deploy their own applications. The SDK can be used, for example, to make payments or transfers, or to set up a loyalty and reward program.

The wallet is based on a distributed open protocol, which makes it easier for different wallets to interact with each other and allows you to realize the full potential of mobile commerce.

Ultimately, it can be said that this wallet is designed with maximum flexibility and is capable of delivering real value.

What are OMG Tokens

OmiseGO tokens allow their holders to obtain rights to transaction verification fees and serve as an incentive for them to participate in the development of the project. Such a system is a decentralized exchange service embedded in the blockchain, with consensus rules allowing deep interoperability with most other blockchains, including Ethereum and Bitcoin.

The network checks the activity of the behavior of all participants (including activity in other chains). In other words, the role of the OMG token is to provide computation and enforcement mechanisms.

At the time of this writing, the OMG rate against the dollar was $ 17.64.

26.02.2018 Andrey Kushchev

News about the OmiseGo cryptocurrency began to appear more often in the thematic media.

This coin is an attractive investment object. Leading representatives of the cryptocurrency business and stock traders speak about it. It is held in portfolios by institutional investors. However, there is not much information about this token in the Russian-speaking segment of the Internet. A new article on our portal provides a detailed overview of the OMG coin.

Features of the OmiseGo cryptocurrency

OmiseGo is a blockchain-powered decentralized financial ecosystem. The project has integrated financial instruments that allow working simultaneously with fiat currencies and digital money. It was created so that users from all over the world can pay for goods and services in different currencies without resorting to the services of exchangers and banks.

The OmiseGo wallet allows you to make fast currency exchange transactions. Conversion is instant.

There is no need to resort to intermediaries to manage funds. Internal wallet is a reliable multi-functional storage.

The project helps large and small businesses provide their clients with a variety of payment methods. OmiseGo users can pay with any currency they want. Regardless of what currency the buyer paid in, the seller receives the currency that he accepts.

For example, you buy some product in a store and want to pay for it with bitcoins, but the store only accepts rubles.

The OmiseGo app instantly converts bitcoins into rubles and pays for the purchase. As a result, everyone is happy - the store sold the product, and the client paid in a convenient way. All transactions are processed instantly, and fees for them are minimal.

The functionality of the multicurrency wallet is constantly expanding, as is the company's client base.

OMG cryptocurrency is an internal token of the project, which, however, is successfully traded on external exchanges and is popular among investors.

How it all began - the history of the project

The company was founded in 2013. During the first three years of her activity, she worked with small and medium-sized businesses in the domestic markets of Asian countries. The main area of work is services for mutual settlements and transfers of fiat currencies.

At an early stage of its existence, the project already had the practice of working with online currencies.

In the summer of 2017, a multicurrency wallet was launched and has now become a staple of Omise. The wallet was created and tested by venture capitalists, who invested $ 20 million at the initial stage of the project.

In June of the same year, an ICO was held. All tokens were sold out in the first minutes of trading. From that time on, the company's internal online currency, OmiseGO, began to function. Its stock ticker is OMG.

The coin is supported by the creator of the Ethereum cryptocurrency Vitalik Buterin. He also holds the position of a leading advisor to the company.

OmiseGo Platform Specifications

The cryptocurrency runs on the Ethereum blockchain. The use of distributed ledger technology has made the project reliable and secure. The funds of the company's clients are protected by decentralization and cryptography. If you follow basic security rules, it is impossible to kidnap them.

A team of programmers is working on creating their own blockchain. This will allow you to achieve complete autonomy and get rid of the dependence on Ethereum.

The fundamental technical difference between the coin is associated with its mining. OmiseGo mining does not require users to provide their computing power to keep the network up and running.

Miners are all active participants in the project. New tokens are generated by active users. Each client of the company receives coins as a reward for using its service. The more tokens on the account, the higher the earnings.

Where to buy and how to store OMG tokens

The coin is traded on the largest crypto-exchanges - Bitfinex, Bittrex, Huobi, Livecoin. The number of exchanges working with this token is gradually increasing.

The coin is sold and bought for rubles, dollars, euros and pounds. However, it is easier and more profitable to buy it for bitcoins and ethereum. Since this cryptocurrency is especially popular in the Asian markets, there are some local sites where it is sold for yuan, baht and yen.

You can store cryptocurrency on all multicurrency wallets, as well as on wallets that support Ethereum. But the main storage method is OmiseGO's internal wallet.

Tokens are also stored on the internal wallets of trading platforms. However, if you are not engaged in trading, this is not recommended for security reasons - all web wallets, especially exchange wallets, can be hacked by hackers. For example, in January 2018, cybercriminals managed to steal $ 500 million worth of digital currency from the Japanese Coincheck exchange.

Considering that all exchange operations, including those in fiat, are available on the internal wallet, there is no need for exchanges.

What will happen to the OmiseGo course

The CoinMarketCap chart shows the variability in the price of the coin over the period of its existence. At the end of July 2017, the OMG rate was $ 0.30. Already in August, the coin exceeded 1 dollar and since that time it has only been growing in value. The maximum rise in value was recorded in January 2018 - up to $ 25.

Even during the correction that took place after the New Year holidays, the coin did not show such a collapse as, for example, Bitcoin, Ethereum or any other currency that occupies the first positions in the capitalization rating.

On February 16, 2018, the token costs $ 15.89. Thus, since July 2017, the cryptocurrency has risen in price by more than 4000%.

From this we can conclude that the prospects for further growth are very high.

Dmitry Pogorelov gives an interesting forecast:

Is it possible to get rich by investing in OMG - expert opinion

OmiseGO is not just a cryptocurrency. It is a complete financial ecosystem with a huge client base in the Asian markets.

The company has offices in major world centers for the circulation of cryptocurrencies - in Japan, Thailand, Indonesia and Singapore. The office network is constantly expanding. Entry to the markets of Europe and the USA is planned.

OmiseGO is a product that has no analogues on the market. The project has successfully passed testing and continues to attract the attention of investors. Its founders are successful financiers and entrepreneurs who know everything about modern technologies and blockchain projects.

Ethereum founder Vitalik Buterin is among the main consultants of the company. The team also includes the co-founder of the cryptocurrency Golem Yulian Zavitovsky.

The absence of competitors, interest from investors and the rapid expansion of the client base are factors that indicate that the project remains one of the most popular and promising digital currencies on the market.

Since online currencies do have a certain amount of volatility, they are very attractive for trading. Of all tokens existing on the market, about 80% are in constant circulation.

This suggests that trading on the stock exchanges is active. When working with this currency, the risks for the trader are minimal. The coin allows not only to take profit, but also has a huge potential for long-term investments.

The current cryptocurrency market is expanding more and more. Therefore, working with so many forks is quite problematic. To carry out any actions, you have to use exchange platforms, where you can make the appropriate currency transactions.

At the same time, each exchange supports only a certain set of electronic money and therefore there is a need to open an account on another platform, which is not always convenient. Because of this, it became necessary to create a universal exchange platform that could support most forks and carry out exchange operations for a variety of fiat money. It is about a similar system, which is based on the OmiseGo cryptocurrency, that will be discussed in this article.

Directly, the OmiseGo cryptocurrency is currently characterized by the following points:

currency designations for exchangers and exchanges - OMG;
the token is based on the principles of the Ethereum blockchain;
year of creation - 2017;
official site - OMG.omise.co;
total market capitalization - $ 1,114,337,298;
exchange rate in relation to Bitcoin - 1 OMG = 0.00241094 BTC.

The exact launch date of the coin is the end of the current year. At the same time, the token will have its own blockchain, which will facilitate and speed up the execution of transactions on the network.

Prehistory of the creation of the system itself

The OmiseGo cryptocurrency is launched by the international company Omise, founded in 2013, which supported and made payments in Japan, Indonesia, Thailand and Singapore, and also quickly moved its financial activities outside the Pacific region to Asia. The company was announced at Forbes in November 2016 as "Fintech Rockstar".

This financial group provides reliable and secure payments in the Asian region for both small and large businesses. It provides an opportunity to conduct mutual settlements both online and offline. The most interesting thing is that the last option of transactions is carried out through a mobile gadget using a special application. Thus, the system guarantees one hundred percent settlement operations even in the absence of the Internet.

The presence of such a large company as the creator of a new cryptocurrency is a guarantee that it will only gain in value.

The main feature that will revolutionize the world of financial transactions between ordinary electronic money and the OmiseGo cryptocurrency is the presence of its own wallet operating on the all-in-one system.

This means that it will be possible to exchange any decentralized blockchain token for any local currency, the emission of which is controlled by a specific state. Moreover, such an operation will be performed as soon as possible, since the exchange takes place within the payment system itself.

Thus, the system supports 2 functions:

Directly a payment wallet for peer-to-peer transactions.
Blockchain network through which cryptocurrency transactions are confirmed.

The blockchain of the project itself is a scalable and public network, where data transmission is protected using the Proof-of-Stake algorithm, which is determined by actions in the chain itself.

The introduction of its own blockchain network is due to the fact that the performance of the standard blockchain is quite low, that is, the waiting time for transaction confirmation is quite high. This is unacceptable for urgent transactions. Moreover, the company already has a solid number of clients who use its services for ordinary settlements.

Therefore, the OmiseGo blockchain will be faster, and the currency transfers themselves will be cleared of unnecessary transactions that load the network. At the same time, payment for any purchase through this wallet can be made by the buyer as one of the top cryptocurrencies, and less well-known. In this case, the seller of the goods will receive a monetary reward for his product or service in the local centralized currency.

For example, when buying a product in India, you can pay with a little-known ripple, and the seller will receive an equivalent amount in rupees (Indian currency). The owner of the product can set a different type of fiat money or receive payment in forks. For example, set the "receive payment only in Bitcoins" function in the OmiseGo wallet. There are no such systems yet on the vastness of the world wide web.

Own blockchain network for OmesiGo is characterized by a number of points that have not previously been used in blockchains of other cryptocurrencies:

The exchange between forks and fiat money will not be controlled by any state financial structure, that is, it will be decentralized.
The network provides for a mechanism that is responsible for the liquidity of the funds transferred.
A gateway for digital assets is provided, that is, an asset management option will be provided.
Parallel use of the network for the transmission of SMS of the Clearinghouse type.
The costs of securing transactions on the network are automatically projected onto other chains. In this case, the transfer path is chosen such that it increases the cost of these chains.
Access to the blockchain does not require additional permissions from the outside, and the network itself is scalable.
The system, which is tied to the blockchain, is highly efficient, increasing the speed of data transfer between network participants.

Note: more detailed information about the capabilities, structure and technical potential of the OmiseGo blockchain is presented on the official Internet resource.

Currently, the OMG platform has an SDK-type electronic wallet. The use of such a system makes it possible to quickly promote a new fork in the financial markets, and also offers comprehensive support to the client, accelerating his entry into the market and securing his leading positions in the financial segment.

This wallet has a "White Label", which indicates the possibility of its use by the client in various industries and areas. It gives the prerogatives of free trade in both standard monetary funds and any decentralized currency.

It also gives the user access to Omise's payment gateway, virtual and credit card. Owning an SDK system for payments, any business representative can stylize and adapt the wallet for his type of activity, filling it with the required applications and creating an exclusive design. The wallet is individually configured for the owner's tasks. For example, through it, a program of bonus benefits or other rewards (bonuses) can be installed and carried out.

A distinctive feature of the SDK system is the use of an open protocol for transactions. Thanks to this, the exchange between wallets, different in their technical performance, becomes much easier. At the same time, you can use mobile communication more efficiently.

The creators of the OmiseGo SDK wallet claim that it will be flexible enough. This will allow the client to bring maximum benefit when conducting financial transactions of any kind.

What are the advantages of using a new financial platform

One of the main missions that were announced before the emergence of the OmiseGo project is to create optimal conditions for the financial participation of the parties. At the same time, the principles that are embedded in the system itself should radically change the work of the existing financial structures.

At the household level, this means that with the launch of the OMG project, the following points will be achieved:

Making payments for sending and receiving will become cheaper, that is, the commission fee from the direct owners of funds will decrease. This moment should attract a significant number of paying customers to the system. After all, the main drawback of any current financial structure is the prohibitively high commission, which simply steals from ordinary customers to the point of indecency.
A quick exchange of currency within the system will become possible, which will also have a reduced commission. The exchange rate will allow you to fix the initial exchange rate to each other at the time of the transaction. In other words, the user will receive exactly the amount of money that he expects. That was not the case before, since the speed of transactions of the same Bitcoin ranged from several minutes to a day and, accordingly, during this time the rate could change significantly, and the client did not receive the required amount in fiat equivalent.
Before the start of the project, coins will be issued, called "OmiseGO tokens" (OMG tokens). Their owners will be able to receive additional profit for checking payment transactions on a special type of PoS network.

At the same time, OMG tokens are the internal currency of the network of the same name. At the time of launch, the estimated cost of 1 coin in relation to the US dollar is 1 OMG = $ 0.00149015.

This system provides the possibility of general exchange in the open blockchain of various currencies in large quantities and at a low price. OmiseGO provides a next generation platform for value transactions between crypto money and fiat currencies.

OmiseGO is available to any customer. To use it, you just need to connect to the Ethereum network. Technically, the new platform promises to be such as to significantly simplify access to cryptocurrency for millions of people. Perhaps, thanks to this particular system, the number of supporters of cryptocoins will increase significantly. After all, now it will become much easier to switch from settlements with paper money to payments using cryptocurrency.

At the same time, the main goal is to strengthen competition in the world of crypto money and bring it to the state of absolute (perfect).

Summary

The emergence of such an innovative type of financial platform, which will become available to any user, should create a revolutionary boom both in the world of cryptocurrency and in the system of decentralized money. Despite some controversial issues that are generating heated debate in the financial world, there is a lot to say about the significant potential of OmiseGO.

Therefore, the parallel launch of its own blockchain network with new tokens is quite promising, and it is possible to predict a significant increase in the value of a cryptocurrency called OmiseGo in the near future.

Let's start our review of the OmiseGO cryptocurrency with news. Recently, and this was after the "gray Friday" or after December 22, Vitalik Buterin, by the way, in such a resource for publishing short messages respected by Trump, as Twitter explained three reasons why OmiseGO is his favorite project after Ethereum:

The platform is a universal medium for token exchange;
It has clear criteria for evaluating the cost.
Possesses not passive income, but a means of earning active profit.

And we, like Buterin's declaration of love, fit into the coveted Twitter range of up to 280 characters.

And then, after this publication, the cost of the OmiseGO token gradually increased almost twice and by January 9, for the first time, it exceeded the maximum of 25 American money:

Rice. 1. OmiseGO chart for a month

Well, how can you not suspect that one of the developers of Ethereum clearly played along with his new brainchild in order to correct its course. Moreover, it is no secret to anyone that these two projects complement each other. And here the question involuntarily arises, what does this cooperation give to Ethereum?

And here is the Ethereum chart for the same monthly period:

Fig. 2. ETH chart for a month

Is it true that the graphs in Fig. 1 and Fig. 2, have similarities !? Except for the lesser degree of volatility in Ethereum compared to OmiseGO. Which suggests that in this cryptospark, Ethereum is the leading currency, as it should be, and the OMG cryptocurrency is a slave partner.

What is OmiseGO really, a partner or an independent player?

This is a public technology of the financial sector, the foundation of which is the Ethereum blockchain. It is intended for use in crypto wallets and the main idea of the developers is that users have the opportunity to make exchange transactions of fiat and cryptocurrency assets in one place, regardless of the jurisdiction of the latter.

According to the project developers, OmiseGO can be easily integrated into the architecture of financial relationships of cryptocurrencies with the ability to add fiat currencies. And the OmiseGO wallet itself is nothing more than a tool for implementing both information and economic interaction on the b2b principle, which means that this is a business that serves the interests of the business.

Moreover, transactions in this system can be carried out, firstly, in one place, and secondly, they are carried out immediately and there is no need to wait several days for their confirmation. Therefore, the answer to the question posed in the title of this section may be such a compromise statement that OmiseGO is an independent crypto wallet platform on the blockchain or in cooperation with Ethereum.

OMG to USD, BTC and RUB converter

OMG calculator:

OMG

AED AFN ALL AMD ANG AOA ARS AUD AWG AZN BAM BBD BDT BGN BHD BIF BMD BND BOB BRL BSD BTC BTN BWP BYN BYR BZD CAD CDF CHF CLF CLP CNY COP CRC CUC CUP CVE CZK DJF DKK DOP DZD EUR FJ ERN FK ETB GEL GGP GHS GIP GMD GNF GTQ GYD HKD HNL HRK HTG HUF IDR ILS IMP INR IQD IRR ISK JEP JMD JOD JPY KES KGS KHR KMF KPW KRW KWD KYD KZT LAK LBP LKR LRD LSYD LTL MDL LK M MVR MWK MXN MYR MZN NAD NGN NIO NOK NPR NZD OMR PAB PEN PGK PHP PKR PLN PYG QAR RON RSD RUB RWF SAR SBD SCR SDG SEK SGD SHP SLL SOS SRD STD SVC SYP SZL THB TJS TMT TND TOP TRY TTD TWD TZ UYU UZS VEF VND VUV WST XAF XAG XAU XCD XDR XOF XPF YER ZAR ZMK ZMW ZWL

You can switch the calculation in dollars, rubles or bitcoins. Click on the currency icon on the right. To convert back, enter a number in the other field.

History of cryptocurrency OMG

The emergence of this system is inextricably linked with the Omise company, which appeared in 2013, whose region of activity is the Asian segment of the global market, but at the same time it has far-reaching plans. Within a short period of time, Omise raised nearly $ 20 million in venture financing projects through so-called payment gateways, which were implemented in six countries in Southeast Asia. Its activities are aimed at overcoming the monopoly of banks, which made it popular both among telecommunications and banking structures of international importance and among ordinary customers who received an application for both remote purchase of goods and for transferring fiat currencies between themselves.

Now the task is to combine in one resource, where, along with OmiseGO tokens, there will be both various crypto and fiat currencies. What until recently seemed to be little realizable is now quite an achievable goal.

The launch of the OmiseGO ICO project, whose tokens bear the OMG abbreviation, was announced in early 2017. As soon as the sales of tokens were completed, OMG Coin began trading on exchanges in July. And if at the beginning, namely on July 16, the tokens were given within $ 0.38, then in a week they already cost $ 1.54, and in a month - $ 8.90:

Rice. 3. History OMG Chart

Good course performance right from the start of sales is not only the result of Omise's trustworthy reputation, but also the result of PR promotion of the project. The fact is that the bursts of the course are associated, as we have already noticed, with the publications of its developers.

Official site of the project omisego.network

For example, after the "White paper" of the project was published, the demand for this cryptocurrency significantly outstripped the supply, and therefore its value grew. By the way, a new project called Plasma was announced in the White Paper, and the OmiseGO team immediately announced that its new product would be exclusively on Plasma.

As for today's rate, the trading visualization looks like this:

Fig. 4. OmiseGO chart for today

OMG course for today

$ 2.10

0.000225

₽ 135.03

How to get OMG tokens

Modern strategies of crypto startups consider mining to be an irrelevant way of extracting tokens - the main focus is now on making investments, therefore the developers of OmiseGO (OMG) did not announce the possibility of mining. The issue of coins was carried out once, and they are distributed according to the following ornate scheme:

during the ICO, 61.5% of the coins were sold to investors;
for developers and owners of the company of the same name OmiseGO - 9.9% was left;
transferred to the Airgrop partner structure - 5.0%;
20% is left in stock. In September, 5.0% of them were distributed for advertising purposes to owners who have at least 0.1 Ethereum in their accounts.

OmiseGO Coin mining has been replaced by a fundamentally different algorithm for the formation of OMG crypto units - they are credited as an incentive for active users of the system, and they can also be purchased on various exchanges, both for dollars and other fiat currencies, as well as for Ethereums and Bitcoins. One of these exchanges is, for example, Bitfinex.

Where to store OMG?

It is possible to store OMG coins on the Ethereum platform, but the best storage is the OmiseGO project SDK wallet, which allows, after its activation, to get the maximum benefit from the use of coins and for this a special user support strategy has been developed.

Features of the OmiseGO wallet

has a unique style and different applications;
tied to the Omise payment gateway, which makes it possible to use fiat cards;
it can be implemented in various market systems;
has an open protocol, which makes it possible to carry out exchange operations between crypto wallets of various platforms;
gives an opportunity to participate in loyalty programs.

OmiseGO pros and cons

We are not supporters of either this or any other cryptocurrency, so we recommend that you study both the advantages and disadvantages of coins before deciding to buy tokens. As far as OMG is concerned, the pluses are:

instant transactions;
operating with both fiat money and cryptocurrencies;
mobile banking;
asset control;
digital gift cards.

OMG is tied on the one hand to the Ethereum blockchain (which of course the developers do not agree with, considering it an advantage), and on the other hand, to the Omise system, where it makes it a limitedly decentralized public platform;
the coin is strongly focused on the Asian market, and the conquest of global markets, despite the declared intentions of the developers, is clearly not yet in terms of growth, or rather, not up to the task.

However, despite the minor drawbacks, the project has good prospects for establishing a reliable bridge between fiat and crypto assets. And therefore, paraphrasing Vysotsky about OmiseGo, we can say that let those who are not yet dressed for their height reach the cherished bridge.

Short video overview

The development of the cryptocurrency market does not stand still - the world of digital money constantly presents new products to users that must satisfy all the requirements and wishes for the most convenient operation of funds. One such product is OmiseGo (OMG). In this review, we will tell you what the OmiseGo (OMG) cryptocurrency is, what are its features and distinctive features, and also why it is worth betting on this particular project when investing your funds.

Introduction to the OmiseGo (OMG) cryptocurrency

So what is OmiseGo (OMG) and where did this cryptocurrency come from?

OmiseGo (OMG) is the name of a company that is credited with developing financial technologies to operate them within conventional digital wallets. This means that you can make various payments and exchange transactions in real time. At the same time, the developers declare that the user is given the opportunity to work in various jurisdictions when operating with fiat and decentralized funds. According to the creators of the product, the use of OmiseGo (OMG) will both provide financial participation and change all the existing concepts of the work of the relevant institutions that have been known until now. In simple terms, the OmiseGo (OMG) cryptocurrency will make transactions cheaper, exchange procedures more profitable, despite the fact that it will not depend on the type of currency.

At the moment, OmiseGo (OMG) coins have just been released to the market and are undergoing an adaptation process. OmiseGo (OMG) coins will allow you, if you are the owner, to receive various rewards from the system for verifying transactions on the PoS network.

The OmiseGo platform is represented by two main products - the blockchain itself and the OmiseGo wallet. The peculiarities of OmiseGo (OMG) are that the system is based on the principle of decentralization and the execution of exchange transactions within the public blockchain with large volumes and negligible cost for conducting transactions. With the use of this platform, everyone will be able to get at their disposal the enormous resources and opportunities that the network has at its disposal. That is, you can freely connect to the OmiseGo (OMG) altcoin network, which is based on Ethereum, and carry out the operations you need with the cryptocurrency. Moreover, you get the opportunity to simplify access to digital money, the transition to the use of which is now easy. The development company is determined to compete with the world leaders of the exchange market, as evidenced by its developments.

To summarize all of the above, we can say that the product OmiseGo (OMG) is revolutionary and cutting edge. Decentralization and support of a multicurrency package allow the project to be promising and long-term.

The history of the creation of the cryptocurrency OmiseGo (OMG)

For the launch of the OmiseGo product, we should thank the eponymous company OmiseGo, which was founded in 2013. Its activities are concentrated in Asian countries. The company has ensured the reliability and security of payments for various representatives of the business sector. This gives you the ability to work with cryptocurrency both online and offline. That is, you do not need to have an Internet connection to conduct transactions.

The development company has partnerships with a large number of large startups. The work of the project is based on the Ethereum blockchain. The creators of the OMG product set themselves the goal of solving such problems as the overpriced transaction fees, transparency of work and the safety of operating funds, as well as the seizure of influence on the exchange market. If the company's specialists succeed in implementing their plans, then this project has every chance of becoming a serious competitor to the leaders of the cryptocurrency market.

OmiseGo (OMG) cryptocurrency rate

The sale of OMG tokens implies that the owners receive a reward for verifying transactions of the PoS or Proof-of-Stake network. This means that when the system is decentralized, the built-in blockchain allows you to use the wide functionality of the platform, which is compatible with such blockchains as Bitcoin and Ethereum while ensuring the security of working with funds according to the new scheme.

What is 1 OmiseGo (OMG)? According to the latest data, one OMG coin is equal to 10 US dollars, which in bitcoin equivalent is about 0.00245573 BTC.

Distinctive features of the OmiseGo (OMG) cryptocurrency platform

The release of the OmiseGo (OMG) coin to the market is not just the appearance of another product on the digital money market, but the release of a project that has its own characteristics and features:

lack of control by banking or government agencies of the process of the platform;
availability of a mechanism responsible for the liquidity indicators of the funds operated;
the presence of a gateway for assets;
the possibility of parallel use of the working network for SMS-transmission of the Clearinghouse type;
all transaction costs are guided by the work of other chains when choosing a transfer path that contributes to an increase in the cost of data;
no need for additional permissions from the outside, and the network is scalable;
system performance is improved as the data transfer rate among network users increases.

Advantages of the OmiseGo (OMG) cryptocurrency

Before considering buying OmiseGo (OMG), you need to evaluate the pros and cons of this coin. Working with this coin provides you with the following benefits:

the ability to instantly carry out transactions;
the ability to operate with fiat funds;
using mobile banking;
the ability to track your own assets;
availability of digital gift cards.

Disadvantages of OmiseGo (OMG) cryptocurrency

The disadvantages of OmiseGo (OMG) look quite insignificant against the background of the advantages of the product, but you should also be aware of them. The disadvantages of working with this type of cryptocurrency include:

development of your own blockchain;
the company's focus is exclusively on the Asian market.

Sources for working with cryptocurrency OmiseGo (OMG)

You have a trusted source at your disposal to work with the OmiseGo Wallet (OMG) and other related altcoin products. The official OmiseGo (OMG) website https://omg.omise.co provides up-to-date information on the company's products as well as resources to download the app.

The wallet provides the ability to conduct transactions as standard: the OmiseGo (OMG) address is indicated when working with other platforms and ensures funds are credited to your account.

Conclusions on the OmiseGo (OMG) cryptocurrency

In conclusion, what can we say about the OmiseGo (OMG) project: the product is innovative and very promising. Platform accessibility and decentralized work ensure maximum ease of use. We recommend considering the OMG coin as a profitable project for investment in the long term.