OmiseGO

(OMG) Price

$1.79 -0.2959 (-14.20%)

OmiseGO (OMG) price

OMG - USD
  • OMG - USD (United States Dollar)
  • OMG - EUR (Euro)
  • OMG - GBP (British Pound Sterling)
  • OMG - RUB (Russian Ruble)
$1.79 -0.2959 (-14.20%)
0.00000000 BTC (-15.09%)
Real Time Data

Market cap

$308,198,645

172,378,840 OMG

Volume (24H)

$147,534,521

82,517,655 OMG

Day's range

$1.66 - $2.11

0.00017858 BTC - 0.00022694 BTC

Last trade

35.00000000 OMG

bitfinex $74.69

Open price (24h)

$2.08

52 Weeks. Low - High

$0.1100 - $9.64

Supply

140,245,398 OMG

Max supply

140,245,398 OMG

Latest Closing Price

Open/Close in UTC time

Date Close Price Open price Volume (24H) Market Cap Day's range
Jun 10, 2019
$2.00
$1.89
$142,398,846 352,286 OMG
$290,084,159
$1.85 $2.02 $2.00
Jun 11, 2019
$1.76
$2.00
$127,192,401 170,914 OMG
$288,465,233
$1.75 $2.00 $1.76
Jun 12, 2019
$2.07
$1.76
$125,163,683 199,737 OMG
$282,383,994
$1.73 $2.07 $2.07
Jun 13, 2019
$2.04
$2.07
$145,271,896 305,014 OMG
$301,475,423
$2.01 $2.09 $2.04
Jun 14, 2019
$2.12
$2.04
$169,104,030 287,915 OMG
$290,782,678
$1.99 $2.13 $2.12
Jun 15, 2019
$2.10
$2.12
$161,546,011 257,859 OMG
$292,610,182
$2.08 $2.18 $2.10
Jun 16, 2019
$2.06
$2.10
$163,783,131 415,151 OMG
$305,898,218
$2.05 $2.21 $2.06
More Historical Data

What is OmiseGo?

OmiseGo is a payment solution run on a Blockchain. It is a decentralized, high volume and low-cost asset transfer platform on a public Blockchain. The OmiseGo token represents a next-generation value transfer service, operating across crypto and fiat currencies and asset types. The platform is based on the Ethereum Blockchain.

Through this platform, users will be able to conduct financial transactions such as payments, remittances, payroll deposits, and other business to business and on-demand services. As such, the currency will revolutionize the banking industry by drastically simplifying and democratizing payments transfer. Furthermore, the ability to make transactions at a cheaper rate will further enable people to transact more often, thus making economies more fluid and vibrant.

The company’s slogan is “Unbank the Banked.”

History of OmiseGo and ICO

OmiseGo is an idea conceived by the founders of its parent company Omise, Jun Hasegawa, and Donnie Harinsut. Founded in 2013, Omise is a venture-backed payment solutions company. It operates in Thailand, Japan, Singapore, and Indonesia and is rapidly expanding into neighboring countries across Asia-Pacific. It is currently headquartered in Bangkok, Thailand.

The company made an Initial Coin Offering back in 2015 and raised over $25 million. They turned down over 100 million additional dollars in the process. Currently, the currency is supported by capital from large institutions such as Alipay, McDonald's and Minor International.

How Does OmiseGo Work?

OmiseGo operates a Proof-of-Stake concept, a system where the holder of the coin is rewarded for placing their coin into the wallet. The wallet needs to be kept running for a period of time, after which the holder receives a reward. (The Peercoin developer team developed this structure.)

The OmiseGo system takes into account both the length of time that the coin has been held and the number of coins held. According to the developers, this system eradicates the disadvantages that arise when a single user holds all the coins in a system. Those guarding the coins are the very same people who own them, and thus, the system is much more secure.

OmiseGo is thereby able to maintain the Blockchain network, and individuals and institutions alike can conduct their transactions in a peer-to-peer manner with security guaranteed.
OmiseGo will allow transactions of fiat money, cryptocurrencies, credit card payments, and other assets. Essentially it is a decentralized exchange. Access to the network for individuals will be gained via the OmiseGO network and digital wallet framework.

Owning OmiseGo Tokens

The currency operates a Proof-of-Stake system. As such, individuals can only obtain additional currency through increasing their stake in their wallets. The more assets they hold and the more transfers they make over the network, the more tokens they are rewarded with. Furthermore, the security of the system is maintained through the same framework.

Price Analysis

The OmiseGo coin was launched into the market at a price of $0.53 in July 2017. Despite the significant volatility and turbulence associated with the cryptocurrency space, the OmiseGo currency seems to be rising quite steadily and consistently, which suggests a strong long-term value forecast in the years to come.

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Type
Token
Block
Mineable
Since
Jun 23, 2017
Algorithm
N/A
Proof Type
PoS

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