OmiseGO

(OMG) Price

$3.13 -0.2268 (-6.76%)

OmiseGO (OMG) Price

OMG - USD

$3.13
-0.2268 (-6.76%)
0.00048593 BTC (-6.33%) Real time data

Last trade

53.00000000 OMG

hitbtc $196.32

Market cap

$522,069,996

166,845,199 OMG

Volume (24H)

$22,507,746

7,193,115 OMG

Day's range

$3.09 - $3.62

0.00047916 BTC - 0.00056183 BTC

Open price (24H)

$3.36

52 weeks - low

$2.81

52 weeks - high

$28.46

52 weeks - AVG volume

$62,410,456

Supply

140,245,398 OMG

Max supply

140,245,398 OMG

Details

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

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.

READ MORE

Latest Closing Price Open/Close in UTC time

Date Close Price Open price Volume (24H) Market Cap Day's range
Aug 20, 2018 $3.23 $4.07 $39,821,393 12,317,119 OMG $516,862,210 $3.18 $4.14 $3.23
Aug 19, 2018 $4.07 $3.99 $54,680,606 13,432,959 OMG $583,301,562 $3.92 $4.34 $4.07
Aug 18, 2018 $3.99 $4.33 $60,851,867 15,247,167 OMG $573,844,361 $3.77 $4.45 $3.99
Aug 17, 2018 $4.33 $3.62 $60,637,582 13,998,178 OMG $619,826,266 $3.60 $4.34 $4.33
Aug 16, 2018 $3.62 $3.01 $51,685,255 14,289,157 OMG $516,317,486 $2.95 $3.79 $3.62
Aug 15, 2018 $3.01 $3.12 $53,540,941 17,780,449 OMG $501,332,429 $2.81 $3.67 $3.01
Aug 14, 2018 $3.12 $3.60 $35,586,375 11,389,564 OMG $499,348,366 $2.86 $3.60 $3.12
More OmiseGO Historical Data

OmiseGO Exchanges

Exchange Pairs Price Open price Range (24H) Volume (24H) Change Updated
Bitfinex OMG/USD $3.72 $3.95 $3.96
$3.65
$1,072,454
288,348 OMG
-5.80%
$-0.2291
Recently
YObit OMG/USD $0.001277 $0.001340 $0.001340
$0.0009900
$79
61,822 OMG
-4.73%
$-0.00006337
Recently
Bittrex OMG/USDT $3.75 $3.96 $3.97
$3.66
$136,302
36,323 OMG
-5.36%
$-0.2125
Recently
HitBTC OMG/USD $3.74 $3.96 $3.98
$3.65
$3,247
869 OMG
-5.73%
$-0.2271
Recently
LiveCoin OMG/USD $4.54 $5.29 $5.29
$4.54
$0
0 OMG
-14.22%
$-0.7527
Recently
More OmiseGO Exchanges