OmiseGo (OMG)

Type: Platform | Categories: Banking / Payments

ROI

1,241.79%

More about ROI

Rank

#15 / 196

Current Price

0.01342 ETH

($1.27)

Price at ICO

0.00100 ETH

($0.32097

Market Cap.

88,338 ETH

($28,353,768)

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Token/Coin

OMISEGO OVERVIEW

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. Owning OMG tokens buys the right to validate this blockchain, within its consensus rules. Transaction fees on the network including payment, interchange, trading, and clearinghouse use, are given to non-faulty validators who enforce bonded contract states. The token will have value derived from the fees derived from this network, with the obligation/cost of providing validation to its users.

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OmiseGO Pte. Ltd.

One George St, #10-01 Singapore 049145

Team

Jun Hasegawa

Donnie Harinsut

Wendell Davis

Thomas Greco

Vansa Chatikavanij

Advisors

Joseph Poon

Vitalik Buterin

Dr. Gavin Wood

Jae Kwon

Vlad Zamfir

Martin Becze

Julian Zawistowski

Prof. David Lee Kuo Chuen

Pandia Jiang

Roger Ver

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