OMG Network Price (OMG) $0.7151 USD

Comprehensive information on OMG Network cryptocurrency is available today, including its current price OMG and staking, market capitalization, latest news, earning opportunities, insightful guides, overall value, and detailed charts.

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OMG Network
OMG Network
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0.7151

What is OMG?

The OMG Network is a fragmented public network that facilitates prompt and economical execution of peer-to-peer transactions. Thanks to the OMG Network, everyone has the ability to transmit values across geographical regions, distinct asset classes, and applications.

The OMG Network utilizes the Layer-2 Plasma framework to ensure heightened transaction speed and dependable security provisions for external participants aiming to create scalable decentralized payment applications on the Ethereum platform.

The OMG Network allows for access, management, and operations involving digital assets, which are securely stored on the blockchain.

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Who founded the OMG Network?

At this moment in time, the assemblage of talents within the OMG Network cadre exceeds 50 adept individuals, collaboratively toiling across diverse corners of the globe. The very genesis of this enterprise can be traced back to the ingenious mind of Vansa Chatikavanij, hailing originally from the enchanting realm of Thailand. Serving as an offspring under the umbrella of SYNQA, previously recognized under the moniker of Omise Holdings, the OMG Network has been meticulously cultivated.

The visionary progenitor of this endeavor, Vansa Chatikavanij, garnered an erudite master's degree in the intricate disciplines of geology and ecology from the venerable Columbia University, situated in the vibrant tapestry of New York. Subsequently, her trajectory led her to helm the helms of influential financial establishments, including but not limited to the esteemed International Finance Corporation (IFC) and the venerable World Bank. It was amidst this trajectory that the seeds of the OMG Network were sown in 2017 (at the time bearing the name OmiseGo).

Up until the juncture of 2019, the illustrious Chatikavanij presided over the realms of the company as the Chief Executive Officer, thereafter transmuting into the role of Chief Executive Officer (CEO), a mantle she adorns with unwavering prowess to the present day. Furthermore, the pantheon of the OMG Network's guiding luminaries encompasses the likes of Stephen McNamara, who previously orchestrated the stratagems of Blockchain Research as the virtuoso Head at Huawei Technologies, now orchestrating the symphony of operational strategies as the Chief Operating Officer. Accompanying him is Kasima Tharnpipitchai, a sagacious artisan of engineering and consultancy, who orchestrates the symphony of technological marvels as the esteemed Chief Technology Officer.

Where to Buy OMG Network

The easiest way to acquire OMG Network is through traditional cryptocurrency exchanges. The list of major platforms where OMG is traded includes Binance, Huobi, Gate.io, Bittrex, KuCoin, FTX, and EXMO. You can find a comprehensive ranking of cryptocurrency exchanges with reviews here. If you're not looking to trade and simply want to add funds to your wallet, the most straightforward option is to use an exchanger. Choose the best exchange rate and verify its reliability on Bestchange platform.

OMG Tokenomics

The internal token of the OMG network emerged in July 2017 as part of an ICO, providing the opportunity for mutual settlements among ecosystem participants. The transaction speed reaches up to 4000 transactions per second. The key functions of the token within the network include:

  1. Rewarding validator nodes through the Proof-of-Stake (PoS) algorithm.
  2. Acting as an intermediary during currency conversion.
  3. Protection against transaction spam (preventing double transactions).

The startup's tokens were issued only once and were subsequently distributed as follows:

  • 65.10% of coins were sold to investors during the ICO.
  • 9.9% remained with the company's owners and developers.
  • 5% were distributed through an Airdrop.
  • 20% were allocated to a reserve fund, which can be used for advertising campaigns or other project needs.

The total supply of coins is 140 million OMG, of which 102 million are accessible. New tokens will be rewarded to active users and technology promoters. OMG mining is not envisaged; owners can earn by receiving a share of the project's profits and trading assets on exchanges.

Frequently Asked Questions

What is the price of OMG Network(OMG)?

As of now, the current live price of OMG Network (OMG) stands at $0.7151 USD. We provide real-time updates for the OMG to USD exchange rate. If you're interested in purchasing OMG Network (OMG) at the present rate, the leading cryptocurrency exchanges for trading in OMG Network include Binance, Deepcoin, OKX, Bitrue, and Bybit.

How to Buy OMG Network (OMG)?

Choose a reliable and secure cryptocurrency exchange that supports OMG Network trading. Some popular exchanges include Coinbase, Binance, Kraken, and Gemini. Find an OMG Network trading pair (e.g. OMG/USD, OMG/BTC) on the exchange platform. Decide how much OMG Network you want to buy and place an order. Before completing your purchase, review the details of your order, including the amount of OMG Network and the total cost. Confirm the transaction. Remember that buying OMG Network is risky and prices can be very volatile. Only invest what you can afford to lose, and do your research to make informed decisions.

What is the potential price growth of OMG Network (OMG) crypto?

Attempting to predict the future price of OMG Network (OMG) remains an elusive endeavor. Nevertheless, It is essential, as always, to conduct thorough research (DYOR) and exercise prudent judgment when considering investments in cryptocurrencies, mindful of the inherent financial risks involved. Now the price of OMG is $0.7151 to USD.