Coins: 2002
Exchanges: 150
BTCBTC Dominance: 39.4%
ETHETH Dominance: 17.7%
  • Market Cap $944,957,782
  • 24 Hour Trading Vol $13,752,638
  • 24h Low / 24h High $8.87843 / $9.51024
OMG
USD

OmiseGo (OMG) Overview

Complete Metrics Score
57%
Total
Major Exchanges Trading Activity
63%
Liquidity
Source Code Repository Activity
72%
Developer
Social Media & Discussion Board
45%
Community
Price Chart
About

The OMG network is a scaling solution for finance on Ethereum, enabling transparent, peer-to-peer transactions in real-time. The decentralized network facilitates self-sovereign financial services across geographies, asset classes and applications.

OmiseGO is building a decentralized exchange, liquidity provider mechanism, clearinghouse messaging network, and asset-backed blockchain gateway. OmiseGO is not owned by any single one party. Instead, it is an open distributed network of validators which enforce behavior of all participants. It uses the mechanism of a protocol token to create a proof-of-stake blockchain to enable enforcement of market activity amongst participants. This high-performant distributed network enforces exchange across asset classes, from fiat-backed issuers to fully decentralized blockchain tokens (ERC-20 style and native cryptocurrencies). Unlike nearly all other decentralized exchange platforms, this allows for decentralized exchange of other blockchains and between multiple blockchains directly without a trusted gateway token. Markets may be able to significantly reduce spreads and encourage market assurance via decentralizing custody and increased transparency of market activity. This is achieved using smart contracts, protocol tokens enforcing correct market behavior of orderbook matching, a new construction of Ethereum bonded external enforcement of clearinghouse activity, and commitments to historical exchange data for use with Ethereum smart contracts.

OmiseGO allows for stakeholders, from individuals to issuers, to have significantly greater assurance in the financial mechanisms of society. With the emerging popularity of eWallet platforms, siloed networks are becoming a problem. This creates a unique opportunity for fiat tokens to interchange across a decentralized network, along with cross compatibility with cryptocurrencies. In order to build this decentralized interchange network, it requires not only a blockchain well-suited for payments and interchange of issued tokens, but also a decentralized exchange which supports these activities, as well as incentives around creating well-functioning liquidity pools.

Eventually, these issued tokens may asymptotically get closer and closer to full decentralization (including user-owned keys) which maximizes agency of the individual. This can be achieved by creating not only transparency in the business process of payment interchange, but also removing the ownership of the business process itself from a single trusted entity.

Powered by Plasma
OMG is designed to pioneer the Plasma architecture, the leading Ethereum Layer 2 scalability solution. The OMG network is a proof-of-stake and infinitely scalable Plasma blockchain with a decentralized exchange built into its core consensus layer. The Plasma construction allows for low-cost security, scalability, and settlement for all financial applications that will run on the OMG network.

Quick Stats
OmiseGo Price $9.2604
Market Cap $944,957,782
Trading Volume $13,752,638
24h Low / 24h High $8.87843 / $9.51024
Gecko Rank #35
Market Cap Rank #21
All Time High $25.62070000
Since All Time High
-64%
All Time High Date 2018-01-13 (5 months)
24 Hours
4.2%
7 Days
-7.9%
14 Days
-16%
30 Days
-26%
60 Days
-41%
1 Year
0.0%
Links
Homepage https://omg.omise.co/
Blockchain/Supply https://etherscan.io/token/OmiseGo
Misc. Info
Genesis Date July 06, 2017 (12 months)
Hashing Algorithm -
Hashrate N/A Try Cloud Mining
Block Time minutes
Available/Total Supply 102 Million / 140 Million
# Exchange Pair Price 24h Volume Volume %
1
Updated 2 minutes ago
$9.26
9.2936 USDT
$2,010,533.11
217043.706 OMG
29.38%
2
Updated 5 minutes ago
$9.35
9.35 USD
$1,665,011.37
178076.083 OMG
24.33%
3
Updated less than a minute ago
$9.27
0.00139 BTC
$1,283,874.51
138477.010 OMG
18.78%
4
Updated 2 minutes ago
$9.28
0.00139 BTC
$976,143.22
105180.354 OMG
14.27%
5
Updated 4 minutes ago
$9.31
0.00139442 BTC
$906,241.15
97308.052 OMG
13.24%
137
Stars
70
Watchers
32
Forks
9
Contributors
17
Merged Pull Requests
7 / 7
Closed Issues / Total Issues